Price for Seed; Fescue, of A Kind Used for Sowing in the United States - 2023

Contents:

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

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

The average export price for seed; fescue, of a kind used for sowings stood at $1,963 per ton in December 2023, dropping by -3.8% against the previous month. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 when the average export price increased by 14% m-o-m. The export price peaked at $2,424 per ton in July 2023; however, from August 2023 to December 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In December 2023, the country with the highest price was Denmark ($2,687 per ton), while the average price for exports to South Korea ($551 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+1.5%), 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 the United States (CIF) - 2023

In December 2023, the average import price for seed; fescue, of a kind used for sowings amounted to $3,449 per ton, dropping by -23.5% against the previous month. Overall, import price indicated measured growth from December 2022 to December 2023: its price increased at an average monthly rate of +2.9% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, import price for seed; fescue, of a kind used for sowings decreased by -32.8% against October 2023 indices. The pace of growth appeared the most rapid in October 2023 when the average import price increased by 76% month-to-month. As a result, import price attained the peak level of $5,134 per ton. From November 2023 to December 2023, the average import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Sweden ($3,954 per ton), while the price for Denmark ($1,939 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Canada (+3.4%), 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 the United States

In 2022, after three years of growth, there was significant decline in shipments abroad of seed; fescue, of a kind used for sowings, when their volume decreased by -17.1% to 34K tons. In general, exports, however, saw a significant increase. The growth pace was the most rapid in 2021 when exports increased by 77%. As a result, the exports attained the peak of 41K tons, and then fell remarkably in the following year.

In value terms, exports of seed; fescue, of a kind used for sowings contracted to $72M in 2022. Overall, exports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 81%. As a result, the exports attained the peak of $82M, and then contracted in the following year.

Export of Seed; Fescue, of A Kind Used for Sowing in the United States (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China19.019.844.732.319.3%
Canada6.38.617.821.951.5%
Italy2.22.63.03.112.1%
South Korea1.92.32.42.712.4%
Spain1.41.11.52.216.3%
New Zealand0.90.41.01.723.6%
Japan1.71.31.91.5-4.1%
Chile1.10.91.61.35.7%
Turkey0.40.91.01.140.1%
Others5.57.67.33.9-10.8%
Total40.645.482.371.820.9%

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

  1. China (14.8K tons)
  2. Canada (11.2K tons)
  3. Italy (1.4K tons)
  4. South Korea (1.3K tons)
  5. New Zealand (1.0K tons)
  6. Spain (0.9K tons)
  7. Japan (0.8K tons)
  8. Chile (0.6K tons)
  9. Turkey (0.5K tons)

Imports of Seed; Fescue, of A Kind Used for Sowing in the United States

Imports of seed; fescue, of a kind used for sowings into the United States skyrocketed to 17K tons in 2022, rising by 16% on the previous year. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +21.2% 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 +77.9% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 48%. 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 rose rapidly to $40M in 2022. Overall, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +21.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +80.3% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 32%. Imports peaked in 2022 and are expected to retain growth in the near future.

Import of Seed; Fescue, of A Kind Used for Sowing in the United States (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Canada18.726.032.229.015.7%
Denmark1.90.71.34.836.2%
Germany0.70.61.42.450.8%
Others0.71.81.63.571.0%
Total22.029.136.639.621.6%

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

  1. Canada (14.1K tons)
  2. Denmark (1.8K tons)
  3. Germany (0.9K tons)

Source: IndexBox Market Intelligence Platform

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