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

Contents:

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

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

The average export price for seed; fescue, of a kind used for sowings stood at $2,535 per ton in November 2023, declining by -1.5% against the previous month. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in October 2023 an increase of 55% m-o-m. The export price peaked at $3,619 per ton in December 2022; however, from January 2023 to November 2023, the export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In November 2023, the country with the highest price was Russia ($3,495 per ton), while the average price for exports to Italy totaled $2,497 per ton.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+1.2%), 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 Lithuania (CIF) - 2022

In 2022, the average import price for seed; fescue, of a kind used for sowings amounted to $2,167 per ton, remaining relatively unchanged against the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 16% against the previous year. As a result, import price attained the peak level of $2,689 per ton. From 2014 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($4,063 per ton), while the price for Romania ($1,569 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+40.6%), 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 Lithuania

In 2022, shipments abroad of seed; fescue, of a kind used for sowings decreased by -19% to 619 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +16.2% 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 +56.7% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 54% against the previous year. As a result, the exports reached the peak of 764 tons, and then dropped significantly in the following year.

In value terms, exports of seed; fescue, of a kind used for sowings contracted significantly to $1.7M in 2022. Overall, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 97% against the previous year. As a result, the exports attained the peak of $2.3M, and then declined significantly in the following year.

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

1. Italy (157.0 tons)
2. Sweden (156.2 tons)
3. Germany (113.9 tons)
4. France (40.0 tons)
5. Poland (34.3 tons)
6. Czech Republic (26.0 tons)
7. United States (20.0 tons)
8. Netherlands (17.6 tons)
9. Latvia (2.3 tons)

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

In 2022, the amount of seed; fescue, of a kind used for sowings imported into Lithuania expanded rapidly to 680 tons, picking up by 9.6% compared with 2021. Over the period under review, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +24.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +90.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 48%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of seed; fescue, of a kind used for sowings expanded notably to $1.5M in 2022. In general, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +20.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +74.1% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 40%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in years to come.

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

1. Latvia (435.7 tons)
2. Denmark (157.0 tons)
3. Spain (19.0 tons)
4. Netherlands (17.6 tons)
5. Romania (11.7 tons)
6. Germany (9.4 tons)

Source: IndexBox Market Intelligence Platform