Price for Seeds, Fruit and Spores; of A Kind Used for Sowing in Sri Lanka - 2022

Contents:

1. Price for Seeds, Fruit and Spores; of A Kind Used for Sowing in Sri Lanka (CIF) - 2022
2. Price for Seeds, Fruit and Spores; of A Kind Used for Sowing in Sri Lanka (FOB) - 2022
3. Imports of Seeds, Fruit and Spores; of A Kind Used for Sowing in Sri Lanka
4. Exports of Seeds, Fruit and Spores; of A Kind Used for Sowing in Sri Lanka

Price for Seeds, Fruit and Spores; of A Kind Used for Sowing in Sri Lanka (CIF) - 2022

The average import price for seeds, fruit and spores; of a kind used for sowing stood at $38,049 per ton in 2022, rising by 29% against the previous year. Over the period under review, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +8.3% 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 seeds, fruit and spores; of a kind used for sowing decreased by -4.2% against 2020 indices. The pace of growth appeared the most rapid in 2013 when the average import price increased by 39%. Over the period under review, average import prices attained the peak figure at $39,717 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 Thailand ($111,782 per ton), while the price for Pakistan ($2,812 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+24.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Seeds, Fruit and Spores; of A Kind Used for Sowing in Sri Lanka (FOB) - 2022

The average export price for seeds, fruit and spores; of a kind used for sowing stood at $71,039 per ton in 2022, growing by 44% against the previous year. Overall, the export price saw a buoyant increase. The most prominent rate of growth was recorded in 2016 an increase of 46%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($83,002 per ton), while the average price for exports to Malaysia ($22,326 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 India (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Seeds, Fruit and Spores; of A Kind Used for Sowing in Sri Lanka

In 2022, overseas purchases of seeds, fruit and spores; of a kind used for sowing decreased by -22.1% to 224 tons, falling for the second year in a row after two years of growth. In general, imports recorded a abrupt setback. The most prominent rate of growth was recorded in 2020 when imports increased by 4.8%. As a result, imports reached the peak of 294 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of seeds, fruit and spores; of a kind used for sowing totaled $8.5M in 2022. Overall, imports continue to indicate a perceptible decline. The most prominent rate of growth was recorded in 2020 when imports increased by 26%. As a result, imports reached the peak of $12M. From 2021 to 2022, the growth of imports of remained at a lower figure.

Top Suppliers of Seeds, Fruit and Spores; of A Kind Used for Sowing to Sri Lanka in 2022:

1. India (56.1 tons)
2. Thailand (35.7 tons)
3. South Africa (24.9 tons)
4. Italy (21.3 tons)
5. United States (17.5 tons)
6. China (13.8 tons)
7. Japan (12.5 tons)
8. South Korea (9.2 tons)
9. France (3.9 tons)
10. Malaysia (3.6 tons)
11. Vietnam (3.4 tons)
12. Pakistan (3.1 tons)

Exports of Seeds, Fruit and Spores; of A Kind Used for Sowing in Sri Lanka

In 2022, shipments abroad of seeds, fruit and spores; of a kind used for sowing decreased by -28.8% to 22 tons, falling for the second year in a row after two years of growth. In general, exports faced a abrupt decrease. The pace of growth appeared the most rapid in 2020 when exports increased by 21%. As a result, the exports reached the peak of 42 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of seeds, fruit and spores; of a kind used for sowing expanded slightly to $1.6M in 2022. The total export value increased at an average annual rate of +2.8% 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 exports increased by 19% against the previous year. As a result, the exports attained the peak of $1.7M. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Top Export Markets for Seeds, Fruit and Spores; of A Kind Used for Sowing from Sri Lanka in 2022:

1. Japan (9.4 tons)
2. Denmark (7.6 tons)
3. United States (1.1 tons)
4. Thailand (1.1 tons)
5. India (0.6 tons)
6. Netherlands (0.5 tons)
7. Malaysia (0.5 tons)

Source: IndexBox Market Intelligence Platform