Price for Seed; Fescue, of A Kind Used for Sowing in Canada - 2024
Contents:
- Price for Seed; Fescue, of A Kind Used for Sowing in Canada (FOB) - 2024
- Price for Seed; Fescue, of A Kind Used for Sowing in Canada (CIF) - 2024
- Exports of Seed; Fescue, of A Kind Used for Sowing in Canada
- Imports of Seed; Fescue, of A Kind Used for Sowing in Canada
Price for Seed; Fescue, of A Kind Used for Sowing in Canada (FOB) - 2024
The average export price for seed; fescue, of a kind used for sowings stood at $2,224 per ton in January 2024, picking up by 7.2% against the previous month. Overall, export price indicated a moderate increase from January 2023 to January 2024: its price increased at an average monthly rate of +2.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2024 figures, export price for seed; fescue, of a kind used for sowings increased by +33.7% against November 2023 indices. The most prominent rate of growth was recorded in February 2023 an increase of 44% m-o-m. The export price peaked at $2,893 per ton in April 2023; however, from May 2023 to January 2024, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In January 2024, the country with the highest price was the United States ($2,856 per ton), while the average price for exports to China ($1,005 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Seed; Fescue, of A Kind Used for Sowing in Canada (CIF) - 2024
The average import price for seed; fescue, of a kind used for sowings stood at $2,795 per ton in January 2024, which is down by -13.2% against the previous month. Over the period under review, the import price recorded a mild reduction. The most prominent rate of growth was recorded in August 2023 when the average import price increased by 58% m-o-m. As a result, import price attained the peak level of $4,601 per ton. From September 2023 to January 2024, the average import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In January 2024, the country with the highest price was Denmark ($3,727 per ton), while the price for the United States ($2,642 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Denmark (+1.1%), while the prices for the other major suppliers experienced a decline.
Exports of Seed; Fescue, of A Kind Used for Sowing in Canada
For the fourth year in a row, Canada recorded growth in shipments abroad of seed; fescue, of a kind used for sowings, which increased by 9.4% to 19K tons in 2022. In general, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +26.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +100.7% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 84% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see gradual growth in years to come.
In value terms, exports of seed; fescue, of a kind used for sowings shrank modestly to $35M in 2022. Overall, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +20.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +74.7% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 52%.
| Export of Seed; Fescue, of A Kind Used for Sowing in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 18.8 | 26.2 | 32.6 | 30.2 | 17.1% |
| Japan | 0.2 | 0.2 | 0.1 | 1.0 | 71.0% |
| Netherlands | 0.3 | 0.7 | 1.0 | 0.8 | 38.7% |
| Germany | 0.2 | 0.6 | 0.5 | 0.8 | 58.7% |
| China | 0.3 | 1.6 | 1.5 | 0.8 | 38.7% |
| Spain | N/A | 0.5 | N/A | 0.5 | 0.0% |
| United Kingdom | N/A | 0.3 | 0.6 | 0.4 | 15.5% |
| Others | 0.2 | 0.4 | 0.3 | 0.4 | 26.0% |
| Total | 20.0 | 30.4 | 36.5 | 34.9 | 20.4% |
Top Export Markets for Seed; Fescue, of A Kind Used for Sowing from Canada in 2022:
- United States (15.0K tons)
- Japan (0.9K tons)
- Netherlands (0.8K tons)
- Germany (0.8K tons)
- China (0.7K tons)
- Spain (0.5K tons)
- United Kingdom (0.3K tons)
Imports of Seed; Fescue, of A Kind Used for Sowing in Canada
For the fourth year in a row, Canada recorded growth in purchases abroad of seed; fescue, of a kind used for sowings, which increased by 7.5% to 9.4K tons in 2022. Overall, imports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 86%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, imports of seed; fescue, of a kind used for sowings skyrocketed to $28M in 2022. In general, imports continue to indicate a significant increase. The growth pace was the most rapid in 2021 with an increase of 95%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.
| Import of Seed; Fescue, of A Kind Used for Sowing in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 6.1 | 8.4 | 16.7 | 20.3 | 49.3% |
| Germany | 2.1 | 0.5 | 0.8 | 4.1 | 25.0% |
| Denmark | 1.7 | 0.3 | 0.6 | 2.9 | 19.5% |
| Others | 0.2 | 0.2 | 0.2 | 0.8 | 58.7% |
| Total | 10.0 | 9.4 | 18.3 | 28.1 | 41.1% |
Top Suppliers of Seed; Fescue, of A Kind Used for Sowing to Canada in 2022:
- United States (7.3K tons)
- Germany (1.1K tons)
- Denmark (0.8K tons)
537
This report provides an in-depth analysis of the market for tree, flower and other seeds, fruits and spores for sowing in Canada.
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This report provides an in-depth analysis of the global market for tree, flower and other seeds, fruits and spores for sowing.
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This report provides an in-depth analysis of the market for tree, flower and other seeds, fruits and spores for sowing in Canada.
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This report provides an in-depth analysis of the global market for tree, flower and other seeds, fruits and spores for sowing.
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