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

Contents:

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

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

The average import price for seed; vegetable seed, of a kind used for sowings stood at $41,673 per ton in 2022, remaining stable against the previous year. In general, the import price showed a deep slump. The most prominent rate of growth was recorded in 2016 when the average import price increased by 52%. The import price peaked at $81,122 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($343,384 per ton), while the price for Belarus ($9,330 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Seed; Vegetable Seed, of A Kind Used for Sowing in Serbia (FOB) - 2022

The average export price for seed; vegetable seed, of a kind used for sowings stood at $19,714 per ton in 2022, reducing by -15.7% against the previous year. In general, the export price recorded a mild setback. The pace of growth appeared the most rapid in 2021 an increase of 60% against the previous year. Over the period under review, the average export prices hit record highs at $23,804 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Montenegro ($43,945 per ton), while the average price for exports to Germany ($3,437 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 Montenegro (+18.1%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, supplies from abroad of seed; vegetable seed, of a kind used for sowings decreased by -11% to 186 tons for the first time since 2018, thus ending a three-year rising trend. In general, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +19.3% 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 +69.9% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 44%. As a result, imports attained the peak of 209 tons, and then shrank in the following year.

In value terms, imports of seed; vegetable seed, of a kind used for sowings dropped to $7.7M in 2022. The total import value increased at an average annual rate of +4.3% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 17%.

Import of Seed; Vegetable Seed, of A Kind Used for Sowing in Serbia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Italy9689351,0381,2819.8%
France1,076802641761-10.9%
Netherlands1,0611,5061,555584-18.0%
China28540885140512.4%
Australia612363572395-13.6%
Bosnia and Herzegovina1.025.2260387628.7%
Hungary393360265270-11.8%
New Zealand13118429.219514.2%
Tanzania56.016625715339.8%
Denmark13.441.822661.065.7%
Belarus8.7N/AN/A53.583.2%
Others2,2133,1963,0573,19513.0%
Total6,8197,9888,7507,7404.3%

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

  1. Italy (110.0 tons)
  2. France (14.3 tons)
  3. Netherlands (12.1 tons)
  4. Tanzania (9.3 tons)
  5. Belarus (5.7 tons)
  6. Hungary (5.6 tons)
  7. Denmark (5.1 tons)
  8. China (4.5 tons)
  9. Bosnia and Herzegovina (4.4 tons)
  10. New Zealand (3.1 tons)
  11. Australia (2.1 tons)

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

In 2022, the amount of seed; vegetable seed, of a kind used for sowings exported from Serbia soared to 78 tons, rising by 23% on the year before. Over the period under review, exports, however, recorded a pronounced downturn. The most prominent rate of growth was recorded in 2020 with an increase of 31% against the previous year. As a result, the exports reached the peak of 111 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of seed; vegetable seed, of a kind used for sowings expanded slightly to $1.5M in 2022. The total export value increased at an average annual rate of +6.2% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 25%. As a result, the exports attained the peak of $1.6M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Export of Seed; Vegetable Seed, of A Kind Used for Sowing in Serbia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Bosnia and Herzegovina2011982802324.9%
Russia86.873.179.823038.4%
Bulgaria15014019922815.0%
Montenegro1751271981963.8%
Hungary14114137.21563.4%
North Macedonia49.473.275.311331.8%
Netherlands1072486.689.6-5.7%
Croatia55.516922367.06.5%
Italy49.332.320.064.09.1%
Belarus36.261.410524.2-12.6%
Germany46.921.92.723.7-20.3%
Slovenia64.512.29.36.8-52.8%
Others129322259116-3.5%
Total1,2921,6191,4951,5476.2%

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

  1. Hungary (16.2 tons)
  2. Russia (13.1 tons)
  3. Italy (9.4 tons)
  4. Netherlands (7.2 tons)
  5. Germany (6.9 tons)
  6. Bosnia and Herzegovina (6.2 tons)
  7. North Macedonia (4.6 tons)
  8. Montenegro (4.5 tons)
  9. Croatia (3.9 tons)
  10. Bulgaria (1.9 tons)
  11. Slovenia (1.3 tons)
  12. Belarus (0.8 tons)

Source: IndexBox Market Intelligence Platform

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