Price for Seed; Sugar Beet Seed, of A Kind Used for Sowing in Norway - 2024

Contents:

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

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

The average import price for seed; sugar beet seed, of a kind used for sowing stood at $306,430 per ton in 2022, surging by 185% against the previous year. Overall, the import price enjoyed strong growth. The most prominent rate of growth was recorded in 2017 when the average import price increased by 222%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the near future.

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 Spain ($3,059,750 per ton), while the price for France ($97,846 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+23.3%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for seed; sugar beet seed, of a kind used for sowing amounted to $17,654 per ton, picking up by 56% against the previous year. In general, the export price recorded perceptible growth. The most prominent rate of growth was recorded in 2016 when the average export price increased by 188%. The export price peaked in 2022 and is expected to retain growth in years to come.

As there is only one major export destination, the average price level is determined by prices for Iceland.

From 2012 to 2022, the rate of growth in terms of prices for Iceland amounted to +2.2% per year.

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

In 2022, the amount of seed; sugar beet seed, of a kind used for sowing imported into Norway surged to 86 kg, picking up by 110% on the year before. In general, imports recorded resilient growth. The most prominent rate of growth was recorded in 2021 when imports increased by 356%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of seed; sugar beet seed, of a kind used for sowing skyrocketed to $26K in 2022. Over the period under review, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Seed; Sugar Beet Seed, of A Kind Used for Sowing in Norway (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
SpainN/AN/AN/A12.20%
Netherlands7.70.10.110.310.2%
France0.2N/A0.23.8166.8%
Sweden0.1N/A0.1N/A0.0%
United Kingdom0.90.53.4N/A94.4%
Others6.10.20.6N/A-68.6%
Total15.20.84.426.420.2%

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

  1. Netherlands (43.0 kg)
  2. France (39.0 kg)
  3. Spain (4.0 kg)

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

In 2022, after three years of growth, there was significant decline in overseas shipments of seed; sugar beet seed, of a kind used for sowing, when their volume decreased by -64.5% to 714 kg. Over the period under review, exports, however, saw a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 872% against the previous year. As a result, the exports reached the peak of 2 tons, and then declined remarkably in the following year.

In value terms, exports of seed; sugar beet seed, of a kind used for sowing contracted sharply to $13K in 2022. Overall, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 819%. As a result, the exports reached the peak of $23K, and then declined dramatically in the following year.

Export of Seed; Sugar Beet Seed, of A Kind Used for Sowing in Norway (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Iceland0.82.522.712.6150.7%
OthersN/AN/AN/AN/A0%
Total0.82.522.712.6150.7%

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

  1. Iceland (714.0 kg)

Source: IndexBox Market Intelligence Platform

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