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

Contents:

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

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

In 2022, the average import price for seed; sugar beet seed, of a kind used for sowing amounted to $40,423 per ton, picking up by 4.8% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average import price increased by 13% against the previous year. As a result, import price attained the peak level of $44,189 per ton. From 2015 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were France ($43,260 per ton) and Germany ($41,857 per ton), while the price for Belgium ($38,032 per ton) and Italy ($40,530 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+4.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Seed; Sugar Beet Seed, of A Kind Used for Sowing in Serbia (FOB) - 2023

In June 2023, the average export price for seed; sugar beet seed, of a kind used for sowing amounted to $46,873 per ton, flattening at the previous month. Over the period under review, the export price showed a pronounced increase. The export price peaked in June 2023.

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

From June 2022 to June 2023, the rate of growth in terms of prices for Germany amounted to +4.8% per month.

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

Imports of seed; sugar beet seed, of a kind used for sowing into Serbia skyrocketed to 123 tons in 2022, jumping by 34% on the year before. In general, imports, however, saw a precipitous decrease. The pace of growth was the most pronounced in 2021 with an increase of 188% against the previous year.

In value terms, imports of seed; sugar beet seed, of a kind used for sowing surged to $5M in 2022. Over the period under review, imports, however, faced a dramatic decrease. The pace of growth appeared the most rapid in 2021 when imports increased by 170%.

Import of Seed; Sugar Beet Seed, of A Kind Used for Sowing in Serbia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany6.40.82.33.1-21.5%
BelgiumN/AN/AN/A1.70%
ItalyN/A0.2N/A0.1-29.3%
France4.70.31.3N/A-47.4%
Belarus1.1N/AN/AN/A0%
OthersN/AN/AN/AN/A0%
Total12.21.33.55.0-25.7%

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

  1. Germany (73.8 tons)
  2. Belgium (44.8 tons)
  3. Italy (3.7 tons)
  4. France (0.4 tons)

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

In 2022, the amount of seed; sugar beet seed, of a kind used for sowing exported from Serbia soared to 14 tons, rising by 25% compared with the previous year. The total export volume increased at an average annual rate of +9.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of seed; sugar beet seed, of a kind used for sowing rose markedly to $384K in 2022. The total export value increased at an average annual rate of +3.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 29%. As a result, the exports attained the peak of $450K. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Export of Seed; Sugar Beet Seed, of A Kind Used for Sowing in Serbia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany151N/A2651918.1%
Belarus14345095.31726.3%
Denmark55.3N/AN/A21.4-27.1%
OthersN/AN/AN/AN/A0%
Total3494503613843.2%

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

  1. Germany (7.1 tons)
  2. Belarus (6.0 tons)
  3. Denmark (0.5 tons)

Source: IndexBox Market Intelligence Platform

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