Price for Seed; Fescue, of A Kind Used for Sowing in Portugal - 2023

Contents:

  1. Price for Seed; Fescue, of A Kind Used for Sowing in Portugal (CIF) - 2023
  2. Price for Seed; Fescue, of A Kind Used for Sowing in Portugal (FOB) - 2022
  3. Imports of Seed; Fescue, of A Kind Used for Sowing in Portugal
  4. Exports of Seed; Fescue, of A Kind Used for Sowing in Portugal

Price for Seed; Fescue, of A Kind Used for Sowing in Portugal (CIF) - 2023

In November 2023, the average import price for seed; fescue, of a kind used for sowings amounted to $3,379 per ton, with an increase of 53% against the previous month. In general, import price indicated a mild increase from November 2022 to November 2023: its price increased at an average monthly rate of +1.0% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, import price for seed; fescue, of a kind used for sowings increased by +80.7% against September 2023 indices. The growth pace was the most rapid in January 2023 an increase of 96% month-to-month. Over the period under review, average import prices attained the maximum at $4,021 per ton in April 2023; however, from May 2023 to November 2023, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In November 2023, the country with the highest price was the Netherlands ($4,400 per ton), while the price for Italy ($3,082 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 Netherlands (+3.1%), 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 Portugal (FOB) - 2022

In 2022, the average export price for seed; fescue, of a kind used for sowings amounted to $5,258 per ton, with an increase of 14% against the previous year. In general, the export price posted measured growth. The most prominent rate of growth was recorded in 2013 an increase of 125% against the previous year. As a result, the export price reached the peak level of $8,741 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Mozambique ($5,947 per ton), while the average price for exports to Belgium stood at $5,250 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+45.0%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, supplies from abroad of seed; fescue, of a kind used for sowings decreased by -31.4% to 335 tons, falling for the second year in a row after two years of growth. In general, imports saw a abrupt decline. The pace of growth appeared the most rapid in 2020 when imports increased by 49% against the previous year. As a result, imports reached the peak of 662 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of seed; fescue, of a kind used for sowings declined dramatically to $991K in 2022. Overall, imports recorded a noticeable contraction. The most prominent rate of growth was recorded in 2020 with an increase of 41% against the previous year. As a result, imports reached the peak of $1.5M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Import of Seed; Fescue, of A Kind Used for Sowing in Portugal (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Spain426615592355-5.9%
Italy14638628227924.1%
Germany74.750.379.913722.4%
Netherlands283302347125-23.8%
United States12516712075.6-15.4%
Others25.4N/A30.620.2-7.4%
Total1,0791,5211,452991-2.8%

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

  1. Italy (116.4 tons)
  2. Spain (111.8 tons)
  3. Germany (45.1 tons)
  4. Netherlands (38.6 tons)
  5. United States (17.7 tons)

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

In 2022, shipments abroad of seed; fescue, of a kind used for sowings decreased by -48.1% to 5 tons, falling for the second consecutive year after two years of growth. Overall, exports, however, showed significant growth. The growth pace was the most rapid in 2020 with an increase of 19,511% against the previous year. As a result, the exports reached the peak of 52 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of seed; fescue, of a kind used for sowings shrank markedly to $26K in 2022. Over the period under review, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 19,127% against the previous year. As a result, the exports reached the peak of $232K. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Export of Seed; Fescue, of A Kind Used for Sowing in Portugal (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
BelgiumN/A87.236.526.1-45.3%
Mozambique1.21.62.70.3-37.0%
SpainN/A3.85.5N/A44.7%
GermanyN/A140N/AN/A0%
OthersN/AN/AN/AN/A0%
Total1.223244.826.5180.6%

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

  1. Belgium (5.0 tons)
  2. Mozambique (0.1 tons)

Source: IndexBox Market Intelligence Platform

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