Price for Seed; Fescue, of A Kind Used for Sowing in South Africa - 2024

Contents:

1. Price for Seed; Fescue, of A Kind Used for Sowing in South Africa (CIF) - 2022
2. Price for Seed; Fescue, of A Kind Used for Sowing in South Africa (FOB) - 2022
3. Imports of Seed; Fescue, of A Kind Used for Sowing in South Africa
4. Exports of Seed; Fescue, of A Kind Used for Sowing in South Africa

Price for Seed; Fescue, of A Kind Used for Sowing in South Africa (CIF) - 2022

In 2022, the average import price for seed; fescue, of a kind used for sowings amounted to $2,700 per ton, remaining relatively unchanged against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by 42%. Over the period under review, average import prices hit record highs at $3,559 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat 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 New Zealand ($5,007 per ton), while the price for Denmark ($1,860 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Seed; Fescue, of A Kind Used for Sowing in South Africa (FOB) - 2022

In 2022, the average export price for seed; fescue, of a kind used for sowings amounted to $3,878 per ton, with an increase of 40% against the previous year. Overall, export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for seed; fescue, of a kind used for sowings decreased by -12.4% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by 58%. As a result, the export price attained the peak level of $4,428 per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Mozambique ($7,536 per ton), while the average price for exports to Lesotho stood at $1,830 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mozambique (+15.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Seed; Fescue, of A Kind Used for Sowing in South Africa

In 2022, overseas purchases of seed; fescue, of a kind used for sowings decreased by -31.3% to 98 tons, falling for the second year in a row after two years of growth. In general, imports saw a noticeable setback. The pace of growth was the most pronounced in 2020 when imports increased by 95%. As a result, imports reached the peak of 213 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of seed; fescue, of a kind used for sowings contracted notably to $264K in 2022. Over the period under review, imports showed a perceptible descent. The pace of growth was the most pronounced in 2020 with an increase of 73% against the previous year. As a result, imports attained the peak of $532K. From 2021 to 2022, the growth of imports of remained at a lower figure.

Top Suppliers of Seed; Fescue, of A Kind Used for Sowing to South Africa in 2022:

1. Denmark (63.8 tons)
2. United States (19.7 tons)
3. Sweden (4.6 tons)
4. Brazil (3.0 tons)
5. New Zealand (3.0 tons)
6. Spain (2.3 tons)
7. Netherlands (1.6 tons)

Exports of Seed; Fescue, of A Kind Used for Sowing in South Africa

Exports of seed; fescue, of a kind used for sowings from South Africa shrank dramatically to 156 kg in 2022, declining by -98.8% against the year before. Over the period under review, exports saw a significant contraction. The growth pace was the most rapid in 2021 with an increase of 97%. As a result, the exports attained the peak of 13 tons, and then reduced markedly in the following year.

In value terms, exports of seed; fescue, of a kind used for sowings dropped notably to $605 in 2022. In general, exports continue to indicate a dramatic decrease. The growth pace was the most rapid in 2021 with an increase of 24% against the previous year. As a result, the exports reached the peak of $36K, and then declined remarkably in the following year.

Top Export Markets for Seed; Fescue, of A Kind Used for Sowing from South Africa in 2022:

1. Lesotho (100.0 kg)
2. Mozambique (56.0 kg)

Source: IndexBox Market Intelligence Platform