Price for Seed; Vegetable Seed, of A Kind Used for Sowing in Tanzania - 2022

Contents:

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

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

In 2022, the average export price for seed; vegetable seed, of a kind used for sowings amounted to $120,027 per ton, jumping by 44% against the previous year. Over the period under review, the export price posted strong growth. The growth pace was the most rapid in 2020 an increase of 214% against the previous year. Over the period under review, the average export prices hit record highs at $125,966 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($154,076 per ton), while the average price for exports to South Africa ($3,993 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 the Netherlands (+17.5%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for seed; vegetable seed, of a kind used for sowings stood at $22,682 per ton in 2022, surging by 4.7% against the previous year. Over the period under review, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +3.2% 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; vegetable seed, of a kind used for sowings decreased by -22.4% against 2020 indices. The pace of growth appeared the most rapid in 2015 when the average import price increased by 35% against the previous year. The import price peaked at $29,239 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

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 India ($97,077 per ton), while the price for Denmark ($4,191 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+21.3%), while the prices for the other major suppliers experienced more modest paces of growth.

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

For the third consecutive year, Tanzania recorded decline in shipments abroad of seed; vegetable seed, of a kind used for sowings, which decreased by -24.7% to 100 tons in 2022. Over the period under review, exports continue to indicate a sharp decrease. The smallest decline of -11.7% was in 2021.

In value terms, exports of seed; vegetable seed, of a kind used for sowings expanded remarkably to $12M in 2022. The total export value increased at an average annual rate of +2.3% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. Netherlands (71.0 tons)
2. South Africa (11.6 tons)
3. Zambia (5.5 tons)
4. Zimbabwe (4.3 tons)
5. Democratic Republic of the Congo (1.9 tons)

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

In 2022, imports of seed; vegetable seed, of a kind used for sowings into Tanzania soared to 348 tons, growing by 61% compared with 2021 figures. In general, imports enjoyed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of seed; vegetable seed, of a kind used for sowings skyrocketed to $7.9M in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +16.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. South Africa (72.8 tons)
2. Denmark (59.3 tons)
3. China (46.4 tons)
4. Chile (34.6 tons)
5. Kenya (23.3 tons)
6. Thailand (17.2 tons)
7. India (16.4 tons)
8. Netherlands (14.9 tons)
9. Israel (14.7 tons)
10. United States (13.3 tons)
11. Italy (11.9 tons)
12. New Zealand (8.4 tons)
13. Philippines (5.4 tons)

Source: IndexBox Market Intelligence Platform