Price for Seed; Sugar Beet Seed, of A Kind Used for Sowing in Vietnam - 2022

Contents:

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

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

The average import price for seed; sugar beet seed, of a kind used for sowing stood at $39,242 per ton in 2022, surging by 3.5% against the previous year. In general, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for seed; sugar beet seed, of a kind used for sowing decreased by -19.8% against 2019 indices. The growth pace was the most rapid in 2013 when the average import price increased by 70%. The import price peaked at $49,210 per ton in 2015; however, from 2016 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 Thailand ($145,074 per ton), while the price for the United States ($14,641 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+15.6%), 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 Vietnam (FOB) - 2022

In 2022, the average export price for seed; sugar beet seed, of a kind used for sowing amounted to $9,565 per ton, with an increase of 19% against the previous year. Over the period under review, the export price, however, recorded a abrupt contraction. Over the period under review, the average export prices attained the peak figure at $13,472 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

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

From 2019 to 2022, the rate of growth in terms of prices for Burkina Faso amounted to +53.5% per year.

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

In 2022, the amount of seed; sugar beet seed, of a kind used for sowing imported into Vietnam shrank dramatically to 269 kg, dropping by -32.8% compared with the previous year's figure. Overall, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2021 when imports increased by 192% against the previous year.

In value terms, imports of seed; sugar beet seed, of a kind used for sowing contracted sharply to $11K in 2022. In general, imports faced a sharp setback. The most prominent rate of growth was recorded in 2021 when imports increased by 155% against the previous year.

Import of Seed; Sugar Beet Seed, of A Kind Used for Sowing in Vietnam (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Thailand12.22.75.03.9-31.6%
China8.72.04.03.3-27.6%
United States1.90.74.03.117.7%
Netherlands0.90.20.30.2-39.4%
ItalyN/AN/A1.9N/A0%
OthersN/A0.4N/AN/A0%
Total23.75.915.210.6-23.5%

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

  1. United States (209.0 kg)
  2. China (30.0 kg)
  3. Thailand (27.0 kg)
  4. Netherlands (3.0 kg)

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

In 2022, shipments abroad of seed; sugar beet seed, of a kind used for sowing was finally on the rise to reach 294 kg for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, faced a sharp contraction.

In value terms, exports of seed; sugar beet seed, of a kind used for sowing soared to $2.8K in 2022. In general, exports, however, continue to indicate a sharp setback.

Export of Seed; Sugar Beet Seed, of A Kind Used for Sowing in Vietnam (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
EgyptN/AN/AN/A2.80%
Burkina FasoN/A0.50.7N/A40.0%
Cameroon6.9N/AN/AN/A0%
Niger1.7N/AN/AN/A0%
Senegal0.2N/AN/AN/A0%
Lao People's Democratic RepublicN/A0.4N/AN/A0%
OthersN/A4.0N/AN/A0%
Total8.84.90.72.8-31.7%

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

  1. Egypt (294.0 kg)

Source: IndexBox Market Intelligence Platform

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