Price for Seed; Sugar Beet Seed, of A Kind Used for Sowing in Australia - 2023

Contents:

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

Price for Seed; Sugar Beet Seed, of A Kind Used for Sowing in Australia (FOB) - 2022

In 2022, the average export price for seed; sugar beet seed, of a kind used for sowing amounted to $86,577 per ton, falling by -55.5% against the previous year. In general, the export price, however, showed significant growth. The pace of growth was the most pronounced in 2015 an increase of 981%. Over the period under review, the average export prices attained the peak figure at $203,851 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($340,519 per ton), while the average price for exports to Hong Kong SAR ($43,694 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 Argentina (+68.8%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Seed; Sugar Beet Seed, of A Kind Used for Sowing in Australia (CIF) - 2022

In 2022, the average import price for seed; sugar beet seed, of a kind used for sowing amounted to $13,751 per ton, reducing by -64.7% against the previous year. Overall, the import price saw a deep downturn. The pace of growth appeared the most rapid in 2019 an increase of 104%. Over the period under review, average import prices hit record highs at $41,070 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($67,329 per ton), while the price for the United States stood at $10,001 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+65.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Seed; Sugar Beet Seed, of A Kind Used for Sowing in Australia

For the fourth year in a row, Australia recorded growth in shipments abroad of seed; sugar beet seed, of a kind used for sowing, which increased by 3.8% to 2.1 tons in 2022. Overall, exports showed significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 134%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, exports of seed; sugar beet seed, of a kind used for sowing dropped rapidly to $185K in 2022. In general, exports posted resilient growth. The growth pace was the most rapid in 2021 when exports increased by 124% against the previous year. As a result, the exports reached the peak of $400K, and then dropped remarkably in the following year.

Export of Seed; Sugar Beet Seed, of A Kind Used for Sowing in Australia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States57.531.820814335.5%
Netherlands23.34.923.018.4-7.6%
New Zealand11.318.751.07.1-14.4%
Hong Kong SAR3.94.67.23.1-7.4%
BulgariaN/A52.6N/AN/A0%
Germany11.9N/A7.5N/A-20.6%
Others22.366.310313.2-16.0%
Total13017940018512.5%

Top Export Markets for Seed; Sugar Beet Seed, of A Kind Used for Sowing from Australia in 2022:

  1. United States (1908.0 kg)
  2. Hong Kong SAR (72.0 kg)
  3. Netherlands (54.0 kg)
  4. New Zealand (49.0 kg)

Imports of Seed; Sugar Beet Seed, of A Kind Used for Sowing in Australia

In 2022, imports of seed; sugar beet seed, of a kind used for sowing into Australia soared to 1.1 tons, growing by 67% compared with 2021 figures. Over the period under review, imports, however, faced a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 134% against the previous year. As a result, imports attained the peak of 4 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of seed; sugar beet seed, of a kind used for sowing contracted notably to $15K in 2022. Overall, imports, however, recorded a sharp descent. The most prominent rate of growth was recorded in 2020 when imports increased by 251% against the previous year. As a result, imports attained the peak of $164K. From 2021 to 2022, the growth of imports of failed to regain momentum.

Import of Seed; Sugar Beet Seed, of A Kind Used for Sowing in Australia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States21.2N/A7.710.0-22.2%
New Zealand25.631.717.34.7-43.2%
ChinaN/A89.0N/AN/A0%
IndiaN/A39.1N/AN/A0%
OthersN/A4.4N/AN/A0%
Total46.816424.914.7-32.0%

Top Suppliers of Seed; Sugar Beet Seed, of A Kind Used for Sowing to Australia in 2022:

  1. United States (1000.0 kg)
  2. New Zealand (70.0 kg)

Source: IndexBox Market Intelligence Platform

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