Price for Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing in Latvia - 2023

Contents:

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

Price for Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing in Latvia (FOB) - 2022

The average export price for seed; clover (trifolium spp.) seed, of a kind used for sowing stood at $3,284 per ton in 2022, reducing by -11.3% against the previous year. In general, the export price recorded a pronounced shrinkage. The growth pace was the most rapid in 2019 an increase of 53% against the previous year. Over the period under review, the average export prices hit record highs at $4,869 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Estonia ($4,077 per ton) and Italy ($3,375 per ton), while the average price for exports to Sweden ($3,005 per ton) and Lithuania ($3,077 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+1.5%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing in Latvia (CIF) - 2022

In 2022, the average import price for seed; clover (trifolium spp.) seed, of a kind used for sowing amounted to $4,208 per ton, reducing by -20.2% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 43% against the previous year. As a result, import price attained the peak level of $5,276 per ton, and then dropped dramatically in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($11,587 per ton), while the price for Estonia ($1,499 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing in Latvia

In 2022, the amount of seed; clover (trifolium spp.) seed, of a kind used for sowing exported from Latvia skyrocketed to 498 tons, jumping by 83% against 2021 figures. Over the period under review, exports saw significant growth. The pace of growth was the most pronounced in 2021 with an increase of 306%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of seed; clover (trifolium spp.) seed, of a kind used for sowing skyrocketed to $1.6M in 2022. In general, exports saw a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 366%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Export of Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing in Latvia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Lithuania0.32177867851278.0%
NetherlandsN/AN/AN/A4130%
Estonia0.3N/A123219800.4%
Denmark271N/AN/A109-26.2%
SwedenN/AN/AN/A60.10%
Italy50.1N/A10142.6-5.3%
OthersN/AN/AN/A6.30%
Total3222171,0101,63671.9%

Top Export Markets for Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing from Latvia in 2022:

  1. Lithuania (255.1 tons)
  2. Netherlands (122.7 tons)
  3. Estonia (53.8 tons)
  4. Denmark (32.8 tons)
  5. Sweden (20.0 tons)
  6. Italy (12.6 tons)

Imports of Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing in Latvia

In 2022, supplies from abroad of seed; clover (trifolium spp.) seed, of a kind used for sowing increased by 57% to 43 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, showed a abrupt descent.

In value terms, imports of seed; clover (trifolium spp.) seed, of a kind used for sowing surged to $180K in 2022. Over the period under review, imports, however, continue to indicate a deep slump.

Import of Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing in Latvia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Lithuania68.722.750.310314.5%
Poland47.88.0N/A32.2-12.3%
Denmark31.151.282.415.5-20.7%
NetherlandsN/AN/A6.713.4100.0%
EstoniaN/AN/AN/A12.10%
Italy13870.0N/AN/A-49.3%
OthersN/AN/A5.14.3-15.7%
Total285152144180-14.2%

Top Suppliers of Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing to Latvia in 2022:

  1. Lithuania (22.8 tons)
  2. Poland (8.2 tons)
  3. Estonia (8.1 tons)
  4. Denmark (2.0 tons)
  5. Netherlands (1.2 tons)

Source: IndexBox Market Intelligence Platform

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