Price for Seeds, Fruit and Spores; of A Kind Used for Sowing in China - 2023

Contents:

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

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

The average import price for seeds, fruit and spores; of a kind used for sowing stood at $7,144 per ton in 2022, increasing by 36% against the previous year. Over the last decade, it increased at an average annual rate of +5.4%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($17,372 per ton), while the price for New Zealand ($1,548 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+8.0%), 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 China (FOB) - 2022

The average export price for seeds, fruit and spores; of a kind used for sowing stood at $28,596 per ton in 2022, picking up by 16% against the previous year. Over the last decade, it increased at an average annual rate of +3.3%. The pace of growth was the most pronounced in 2014 when the average export price increased by 49%. As a result, the export price attained the peak level of $30,675 per ton. From 2015 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($65,349 per ton), while the average price for exports to Vietnam ($6,676 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 South Korea (+12.4%), 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 China

In 2022, overseas purchases of seeds, fruit and spores; of a kind used for sowing decreased by -25.1% to 73K tons for the first time since 2018, thus ending a three-year rising trend. In general, total imports indicated a moderate expansion from 2019 to 2022: its volume increased at an average annual rate of +4.0% 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 +12.4% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 42% against the previous year. As a result, imports attained the peak of 98K tons, and then dropped significantly in the following year.

In value terms, imports of seeds, fruit and spores; of a kind used for sowing reached $525M in 2022. The total import value increased at an average annual rate of +7.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 22% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Import of Seeds, Fruit and Spores; of A Kind Used for Sowing in China (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States1261061551444.6%
Denmark36.244.338.058.217.1%
Thailand26.730.830.032.26.4%
Italy12.915.521.226.627.3%
Argentina9.59.215.621.130.5%
New Zealand4.48.210.315.652.5%
Canada14.517.321.813.7-1.9%
Australia7.36.68.310.211.8%
Indonesia1.84.52.83.828.3%
Others1821822132003.2%
Total4224245165257.6%

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

  1. United States (27.0K tons)
  2. Denmark (10.3K tons)
  3. New Zealand (10.1K tons)
  4. Argentina (9.6K tons)
  5. Italy (4.4K tons)
  6. Canada (2.8K tons)
  7. Indonesia (2.2K tons)
  8. Australia (2.1K tons)
  9. Thailand (1.9K tons)

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

In 2022, shipments abroad of seeds, fruit and spores; of a kind used for sowing decreased by -2.1% to 5.7K tons, falling for the second consecutive year after two years of growth. The total export volume increased at an average annual rate of +1.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 16%. As a result, the exports attained the peak of 6.3K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of seeds, fruit and spores; of a kind used for sowing expanded sharply to $162M in 2022. The total export value increased at an average annual rate of +5.2% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Seeds, Fruit and Spores; of A Kind Used for Sowing in China (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Netherlands31.634.328.030.6-1.1%
United States17.918.121.829.117.6%
South Korea20.824.222.522.93.3%
Japan19.115.614.915.0-7.7%
Italy5.26.45.710.426.0%
Thailand4.14.14.73.5-5.1%
Vietnam2.22.92.83.415.6%
Taiwan (Chinese)4.12.82.43.1-8.9%
Germany2.12.11.83.012.6%
Hong Kong SAR1.21.32.41.610.1%
Bangladesh1.11.51.41.22.9%
Malaysia1.01.20.81.26.3%
Others28.829.833.737.18.8%
Total1391441431625.2%

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

  1. South Korea (999.1 tons)
  2. Netherlands (794.8 tons)
  3. Japan (662.8 tons)
  4. Vietnam (511.5 tons)
  5. United States (444.9 tons)
  6. Italy (341.2 tons)
  7. Taiwan (Chinese) (270.2 tons)
  8. Germany (188.0 tons)
  9. Thailand (170.3 tons)
  10. Bangladesh (152.0 tons)
  11. Hong Kong SAR (143.5 tons)
  12. Malaysia (139.4 tons)

Source: IndexBox Market Intelligence Platform

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