Price for Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing in Portugal - 2023

Contents:

  1. Price for Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing in Portugal (CIF) - 2023
  2. Price for Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing in Portugal (FOB) - 2022
  3. Imports of Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing in Portugal
  4. Exports of Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing in Portugal

Price for Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing in Portugal (CIF) - 2023

In October 2023, the average import price for seed; clover (trifolium spp.) seed, of a kind used for sowing amounted to $3,120 per ton, falling by -56.8% against the previous month. Over the period under review, the import price showed a mild shrinkage. The pace of growth appeared the most rapid in September 2023 an increase of 94% month-to-month. As a result, import price attained the peak level of $7,218 per ton, and then reduced remarkably in the following month.

Prices varied noticeably by the country of origin: the country with the highest price was Italy ($3,161 per ton), while the price for Spain totaled $790 per ton.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Australia (+2.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing in Portugal (FOB) - 2022

The average export price for seed; clover (trifolium spp.) seed, of a kind used for sowing stood at $2,539 per ton in 2022, growing by 1.5% against the previous year. Overall, the export price, however, saw a pronounced decline. The most prominent rate of growth was recorded in 2013 an increase of 10%. As a result, the export price attained the peak level of $3,477 per ton. From 2014 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($2,571 per ton), while the average price for exports to France ($2,295 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (-1.7%), while the prices for the other major destinations experienced a decline.

Imports of Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing in Portugal

In 2022, approx. 766 tons of seed; clover (trifolium spp.) seed, of a kind used for sowing were imported into Portugal; jumping by 86% on the previous year. Overall, imports enjoyed significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 129%. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, imports of seed; clover (trifolium spp.) seed, of a kind used for sowing skyrocketed to $2.9M in 2022. Over the period under review, imports saw a significant expansion. The growth pace was the most rapid in 2020 with an increase of 113%. Over the period under review, imports of reached the maximum in 2022 and are likely to see gradual growth in the near future.

Import of Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing in Portugal (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Australia5708829181,67943.3%
Italy43.72624571,043187.9%
FranceN/AN/AN/A73.90%
Germany42.511.012169.717.9%
Spain10.125720.140.759.1%
Others32.072.748.819.9-14.6%
Total6981,4851,5662,92561.2%

Top Suppliers of Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing to Portugal in 2022:

  1. Australia (360.9 tons)
  2. Italy (351.1 tons)
  3. France (27.0 tons)
  4. Germany (12.7 tons)
  5. Spain (10.4 tons)

Exports of Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing in Portugal

In 2022, shipments abroad of seed; clover (trifolium spp.) seed, of a kind used for sowing decreased by -18.9% to 513 tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +5.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 41%.

In value terms, exports of seed; clover (trifolium spp.) seed, of a kind used for sowing dropped remarkably to $1.3M in 2022. Over the period under review, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +5.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -21.5% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 50%. As a result, the exports reached the peak of $1.7M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Export of Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing in Portugal (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany5361,1966171,09026.7%
France190199248107-17.4%
Italy28917859285.4-33.4%
New Zealand44.5N/A45.2N/A0.8%
Others45.487.781.820.5-23.3%
Total1,1051,6601,5841,3035.6%

Top Export Markets for Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing from Portugal in 2022:

  1. Germany (424.0 tons)
  2. France (46.7 tons)
  3. Italy (37.0 tons)

Source: IndexBox Market Intelligence Platform

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