Price for Seed; Vegetable Seed, of A Kind Used for Sowing in the Philippines - 2022
Contents:
- Price for Seed; Vegetable Seed, of A Kind Used for Sowing in the Philippines (CIF) - 2022
- Price for Seed; Vegetable Seed, of A Kind Used for Sowing in the Philippines (FOB) - 2022
- Imports of Seed; Vegetable Seed, of A Kind Used for Sowing in the Philippines
- Exports of Seed; Vegetable Seed, of A Kind Used for Sowing in the Philippines
Price for Seed; Vegetable Seed, of A Kind Used for Sowing in the Philippines (CIF) - 2022
The average import price for seed; vegetable seed, of a kind used for sowings stood at $36,153 per ton in 2022, rising by 14% against the previous year. Overall, the import price showed a prominent expansion. The growth pace was the most rapid in 2019 an increase of 60% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($176,375 per ton), while the price for China ($5,263 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+29.2%), 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 the Philippines (FOB) - 2022
The average export price for seed; vegetable seed, of a kind used for sowings stood at $24,984 per ton in 2022, which is down by -29.7% against the previous year. Overall, the export price, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2016 when the average export price increased by 221%. The export price peaked at $35,557 per ton in 2021, and then declined significantly in the following year.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($57,591 per ton), while the average price for exports to Malaysia ($4,988 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 Japan (+11.7%), 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 the Philippines
After two years of decline, purchases abroad of seed; vegetable seed, of a kind used for sowings increased by 4.7% to 863 tons in 2022. Overall, imports, however, saw a abrupt shrinkage.
In value terms, imports of seed; vegetable seed, of a kind used for sowings skyrocketed to $31M in 2022. The total import value increased at an average annual rate of +5.5% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Seed; Vegetable Seed, of A Kind Used for Sowing in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 5.7 | 8.6 | 5.6 | 6.6 | 5.0% |
| South Africa | 4.0 | 4.7 | 3.3 | 5.6 | 11.9% |
| India | 3.5 | 1.2 | 2.1 | 5.5 | 16.3% |
| Japan | 4.8 | 6.6 | 4.8 | 3.9 | -6.7% |
| Netherlands | 1.5 | 2.1 | 3.4 | 2.7 | 21.6% |
| New Zealand | 0.5 | 0.8 | 1.3 | 1.9 | 56.0% |
| United States | 2.4 | 2.0 | 1.3 | 1.3 | -18.5% |
| Indonesia | 0.8 | 0.5 | 0.8 | 0.4 | -20.6% |
| China | 0.2 | 0.2 | 0.2 | 0.2 | 0.0% |
| Others | 3.2 | 2.2 | 3.2 | 3.0 | -2.1% |
| Total | 26.6 | 28.9 | 26.0 | 31.2 | 5.5% |
Top Suppliers of Seed; Vegetable Seed, of A Kind Used for Sowing to the Philippines in 2022:
- New Zealand (360.5 tons)
- Netherlands (109.8 tons)
- India (101.6 tons)
- Thailand (94.5 tons)
- South Africa (59.3 tons)
- China (35.7 tons)
- United States (23.7 tons)
- Japan (22.3 tons)
- Indonesia (5.9 tons)
Exports of Seed; Vegetable Seed, of A Kind Used for Sowing in the Philippines
In 2022, overseas shipments of seed; vegetable seed, of a kind used for sowings were finally on the rise to reach 399 tons after two years of decline. The total export volume increased at an average annual rate of +4.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of seed; vegetable seed, of a kind used for sowings reached $10M in 2022. The total export value increased at an average annual rate of +3.7% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2020 when exports increased by 10%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Export of Seed; Vegetable Seed, of A Kind Used for Sowing in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 4,171 | 3,584 | 4,329 | 5,102 | 6.9% |
| Thailand | 1,613 | 2,420 | 2,067 | 1,655 | 0.9% |
| Malaysia | 221 | 697 | 222 | 1,109 | 71.2% |
| Myanmar | 525 | 445 | 295 | 241 | -22.9% |
| Japan | 319 | 285 | 92.3 | 136 | -24.7% |
| Tanzania | 104 | 3.1 | 156 | 88.4 | -5.3% |
| Kenya | 238 | 485 | 213 | 12.5 | -62.6% |
| Singapore | 120 | 15.5 | N/A | 5.0 | -65.3% |
| Others | 1,643 | 1,920 | 1,927 | 1,626 | -0.3% |
| Total | 8,956 | 9,855 | 9,300 | 9,975 | 3.7% |
Top Export Markets for Seed; Vegetable Seed, of A Kind Used for Sowing from the Philippines in 2022:
- Malaysia (222.4 tons)
- India (88.9 tons)
- Thailand (28.7 tons)
- Japan (23.0 tons)
- Tanzania (8.9 tons)
- Myanmar (2.9 tons)
- Singapore (0.6 tons)
- Kenya (0.4 tons)
656
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This report provides an in-depth analysis of the market for tree, flower and other seeds, fruits and spores for sowing in the Philippines.
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This report provides an in-depth analysis of the global market for tree, flower and other seeds, fruits and spores for sowing.
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