Price for Seed; Fescue, of A Kind Used for Sowing in Denmark - 2023

Contents:

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

Price for Seed; Fescue, of A Kind Used for Sowing in Denmark (FOB) - 2023

In November 2023, the average export price for seed; fescue, of a kind used for sowings amounted to $2,437 per ton, surging by 5% against the previous month. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in July 2023 when the average export price increased by 101% month-to-month. As a result, the export price attained the peak level of $5,577 per ton. From August 2023 to November 2023, the the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In November 2023, the country with the highest price was Australia ($3,605 per ton), while the average price for exports to the United States ($1,795 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Uruguay (+3.1%), 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 Denmark (CIF) - 2022

In 2022, the average import price for seed; fescue, of a kind used for sowings amounted to $3,004 per ton, growing by 24% against the previous year. In general, import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 an increase of 33%. Over the period under review, average import prices reached the maximum at $3,104 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($3,878 per ton), while the price for the United States ($2,035 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+11.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Seed; Fescue, of A Kind Used for Sowing in Denmark

In 2022, the amount of seed; fescue, of a kind used for sowings exported from Denmark fell to 29K tons, reducing by -11.8% on the previous year's figure. Overall, exports recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 14%.

In value terms, exports of seed; fescue, of a kind used for sowings contracted to $73M in 2022. The total export value increased at an average annual rate of +3.4% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 29%. As a result, the exports attained the peak of $77M, and then declined modestly in the following year.

Export of Seed; Fescue, of A Kind Used for Sowing in Denmark (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany15.014.416.216.53.2%
Netherlands15.412.915.813.1-5.2%
United Kingdom7.78.28.49.05.3%
Italy5.04.47.16.16.9%
United States1.90.82.65.744.2%
Poland2.62.03.53.16.0%
France2.52.43.82.3-2.7%
Canada1.50.30.62.010.1%
Ireland0.60.81.61.946.8%
Turkey1.21.61.41.814.5%
Sweden1.01.41.51.514.5%
Czech Republic1.21.21.41.32.7%
China3.12.21.21.3-25.1%
Others7.56.911.87.91.7%
Total66.459.476.873.33.4%

Top Export Markets for Seed; Fescue, of A Kind Used for Sowing from Denmark in 2022:

  1. Germany (6.8K tons)
  2. Netherlands (5.9K tons)
  3. United Kingdom (3.2K tons)
  4. Italy (2.5K tons)
  5. United States (1.5K tons)
  6. Poland (1.4K tons)
  7. France (1.0K tons)
  8. Turkey (0.7K tons)
  9. Ireland (0.7K tons)
  10. Czech Republic (0.6K tons)
  11. Sweden (0.6K tons)
  12. China (0.6K tons)
  13. Canada (0.5K tons)

Imports of Seed; Fescue, of A Kind Used for Sowing in Denmark

In 2022, imports of seed; fescue, of a kind used for sowings into Denmark reduced sharply to 638 tons, shrinking by -50.9% compared with 2021 figures. In general, imports recorded a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 103% against the previous year. As a result, imports attained the peak of 1.3K tons, and then shrank sharply in the following year.

In value terms, imports of seed; fescue, of a kind used for sowings dropped markedly to $1.9M in 2022. Overall, imports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 76% against the previous year. As a result, imports reached the peak of $3.1M, and then dropped sharply in the following year.

Import of Seed; Fescue, of A Kind Used for Sowing in Denmark (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Netherlands836390882625-9.2%
Germany623445365388-14.6%
United States23428783437416.9%
Sweden676417916344-20.2%
France2422435.294.3-27.0%
ItalyN/AN/A81.935.6-56.5%
Poland1730.822.7N/A-63.8%
Others88.47.139.353.8-15.3%
Total2,8721,7903,1461,915-12.6%

Top Suppliers of Seed; Fescue, of A Kind Used for Sowing to Denmark in 2022:

  1. United States (183.9 tons)
  2. Netherlands (164.3 tons)
  3. Sweden (122.7 tons)
  4. Germany (100.1 tons)
  5. France (40.7 tons)
  6. Italy (12.7 tons)

Source: IndexBox Market Intelligence Platform

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