China: Market for Seeds, Fruit and Spores Used for Sowing 2023

Market Size for Seeds, Fruit and Spores Used for Sowing in China

The Chinese market for seeds, fruit and spores used for sowing dropped sharply to $X in 2022, reducing by -20.7% against the previous year. Overall, consumption showed a abrupt contraction. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Seeds, Fruit and Spores Used for Sowing in China

In value terms, production of seeds, fruit and spores used for sowing reduced to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a deep reduction. The growth pace was the most rapid in 2016 when the production volume increased by 19%. Production of peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

In 2022, the average yield of seeds, fruit and spores used for sowing in China amounted to less than X kg per ha, standing approx. at the year before. In general, the yield saw a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of seeds, fruit and spores used for sowing in China was estimated at less than X ha, remaining constant against the previous year's figure. In general, the harvested area continues to indicate a relatively flat trend pattern.

Exports of Seeds, Fruit and Spores Used for Sowing

Exports from China

In 2022, exports of seeds, fruit and spores used for sowing from China expanded to X tons, surging by 3.7% against the previous year. Over the period under review, exports, however, showed a slight curtailment. The most prominent rate of growth was recorded in 2015 when exports increased by 34% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of seeds, fruit and spores used for sowing shrank modestly to $X in 2022. Overall, exports, however, continue to indicate a pronounced descent. The pace of growth was the most pronounced in 2021 when exports increased by 24% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

South Korea (X tons) was the main destination for exports of seeds, fruit and spores used for sowing from China, accounting for a 70% share of total exports. Moreover, exports of seeds, fruit and spores used for sowing to South Korea exceeded the volume sent to the second major destination, Japan (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to South Korea totaled +3.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-6.9% per year) and the United States (-0.1% per year).

In value terms, South Korea ($X) remains the key foreign market for seeds, fruit and spores used for sowing exports from China, comprising 58% of total exports. The second position in the ranking was held by Japan ($X), with a 20% share of total exports.

From 2012 to 2022, the average annual growth rate of value to South Korea amounted to -1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-5.4% per year) and the United States (-2.4% per year).

Export Prices by Country

In 2022, the average export price for seeds, fruit and spores used for sowing amounted to $X per ton, which is down by -6.6% against the previous year. In general, the export price recorded a pronounced descent. The growth pace was the most rapid in 2017 when the average export price increased by 34% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to South Korea ($X 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 (+1.6%), while the prices for the other major destinations experienced a decline.

Imports of Seeds, Fruit and Spores Used for Sowing

Imports into China

In 2022, after two years of growth, there was significant decline in overseas purchases of seeds, fruit and spores used for sowing, when their volume decreased by -57.3% to X tons. Over the period under review, imports, however, showed a prominent expansion. The growth pace was the most rapid in 2021 when imports increased by 94%. As a result, imports reached the peak of X tons, and then fell rapidly in the following year.

In value terms, imports of seeds, fruit and spores used for sowing shrank rapidly to $X in 2022. Overall, imports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 75%. As a result, imports attained the peak of $X, and then fell remarkably in the following year.

Imports by Country

In 2022, the United States (X tons) constituted the largest seed, fruit and spore used for sowing supplier to China, with a 61% share of total imports. Moreover, imports of seeds, fruit and spores used for sowing from the United States exceeded the figures recorded by the second-largest supplier, Argentina (X tons), threefold. Denmark (X tons) ranked third in terms of total imports with a 6.2% share.

From 2012 to 2022, the average annual growth rate of volume from the United States stood at +10.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (+11.2% per year) and Denmark (+6.8% per year).

In value terms, the United States ($X) constituted the largest supplier of seeds, fruit and spores used for sowing to China, comprising 76% of total imports. The second position in the ranking was held by Argentina ($X), with a 5.5% share of total imports. It was followed by Denmark, with a 3.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at +9.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (+17.8% per year) and Denmark (+13.6% per year).

Import Prices by Country

In 2022, the average import price for seeds, fruit and spores used for sowing amounted to $X per ton, jumping by 62% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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