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

Contents:

  1. Price for Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing in the UK (CIF) - 2023
  2. Price for Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing in the UK (FOB) - 2022
  3. Imports of Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing in the UK
  4. Exports of Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing in the UK

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

In November 2023, the average import price for seed; clover (trifolium spp.) seed, of a kind used for sowing amounted to $4,837 per ton, falling by -6.5% against the previous month. Overall, the import price recorded a noticeable setback. The pace of growth was the most pronounced in October 2023 an increase of 24% m-o-m. Over the period under review, average import prices reached the peak figure at $6,667 per ton in December 2022; however, from January 2023 to November 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Denmark ($6,105 per ton), while the price for Israel ($4,029 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by the Czech Republic (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for seed; clover (trifolium spp.) seed, of a kind used for sowing stood at $5,874 per ton in 2022, waning by -25.3% against the previous year. Over the period under review, the export price recorded a abrupt decline. The most prominent rate of growth was recorded in 2013 when the average export price increased by 200% against the previous year. As a result, the export price reached the peak level of $33,536 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($10,343 per ton), while the average price for exports to Canada ($3,662 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 New Zealand (+14.6%), while the prices for the other major destinations experienced a decline.

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

In 2022, imports of seed; clover (trifolium spp.) seed, of a kind used for sowing into the UK skyrocketed to 1.5K tons, growing by 45% compared with the previous year's figure. Overall, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +16.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.9% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of seed; clover (trifolium spp.) seed, of a kind used for sowing surged to $7M in 2022. In general, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +21.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +80.6% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing in the UK (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
New Zealand1,2311,0897051,5959.0%
Denmark8371,0381,2731,53122.3%
PolandN/AN/AN/A7330%
Canada23.118.7N/A629200.8%
France3756563874939.5%
Germany1,1941,5161,904475-26.5%
Italy39.92097.9443123.1%
LithuaniaN/A8.6N/A187366.3%
Others17142323490474.2%
Total3,8714,9584,5116,98921.8%

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

  1. Denmark (306.1 tons)
  2. New Zealand (266.4 tons)
  3. Poland (174.8 tons)
  4. France (142.0 tons)
  5. Italy (124.5 tons)
  6. Canada (115.4 tons)
  7. Germany (102.6 tons)
  8. Lithuania (43.0 tons)

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

In 2022, approx. 21 tons of seed; clover (trifolium spp.) seed, of a kind used for sowing were exported from the UK; jumping by 216% on 2021. Over the period under review, exports, however, faced a abrupt setback. The pace of growth was the most pronounced in 2020 with an increase of 286%. As a result, the exports attained the peak of 150 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of seed; clover (trifolium spp.) seed, of a kind used for sowing surged to $123K in 2022. Overall, exports, however, showed a significant contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 152%. As a result, the exports attained the peak of $713K. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Export of Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing in the UK (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
France12.11274.742.351.8%
Ireland16312812.726.9-45.1%
Netherlands6.631.58.313.727.6%
ItalyN/AN/A1.47.0400.0%
New ZealandN/A26.2N/A2.6-68.5%
Canada6.6N/AN/A2.5-27.6%
SwitzerlandN/A57.7N/AN/A0%
Germany11.0267N/AN/A2327.3%
GambiaN/A36.1N/AN/A0%
Others82.839.525.328.3-30.1%
Total28371352.3123-24.3%

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

  1. France (10.7 tons)
  2. Ireland (5.0 tons)
  3. Netherlands (3.2 tons)
  4. Canada (0.7 tons)
  5. Italy (0.7 tons)
  6. New Zealand (0.4 tons)

Source: IndexBox Market Intelligence Platform

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