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

Contents:

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

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

In 2022, the average import price for seed; clover (trifolium spp.) seed, of a kind used for sowing amounted to $1,049 per ton, falling by -29.6% against the previous year. Overall, the import price continues to indicate a abrupt setback. The pace of growth was the most pronounced in 2021 an increase of 62% against the previous year. The import price peaked at $2,965 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Egypt ($1,050 per ton), while the price for Afghanistan stood at $970 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (-6.3%).

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

The average export price for seed; clover (trifolium spp.) seed, of a kind used for sowing stood at $1,513 per ton in 2022, approximately reflecting the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average export price increased by 59%. As a result, the export price attained the peak level of $2,924 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($1,801 per ton), while the average price for exports to Afghanistan ($597 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 Afghanistan (+11.8%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, approx. 22K tons of seed; clover (trifolium spp.) seed, of a kind used for sowing were imported into Pakistan; with an increase of 54% on 2021. Over the period under review, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +20.1% 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 +73.4% 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 expanded significantly to $23M in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +18.6% 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 +66.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 25% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Import of Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing in Pakistan (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Egypt13.515.920.222.218.0%
AfghanistanN/A0.70.60.4-24.4%
OthersN/AN/AN/AN/A0%
Total13.516.620.822.618.7%

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

  1. Egypt (21.1K tons)
  2. Afghanistan (0.4K tons)

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

In 2022, the amount of seed; clover (trifolium spp.) seed, of a kind used for sowing exported from Pakistan contracted significantly to 84 tons, with a decrease of -47.5% compared with 2021 figures. Over the period under review, exports, however, recorded a modest increase. The most prominent rate of growth was recorded in 2021 when exports increased by 884%. As a result, the exports attained the peak of 160 tons, and then declined remarkably in the following year.

In value terms, exports of seed; clover (trifolium spp.) seed, of a kind used for sowing shrank significantly to $127K in 2022. In general, exports showed a abrupt setback. The pace of growth was the most pronounced in 2021 when exports increased by 444%. As a result, the exports reached the peak of $241K, and then fell sharply in the following year.

Export of Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing in Pakistan (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
NetherlandsN/AN/A54.490.065.4%
BulgariaN/AN/A72.028.7-60.1%
AfghanistanN/A0.2N/A8.3544.2%
South Korea30.9N/AN/AN/A0%
PolandN/AN/A70.0N/A0%
Taiwan (Chinese)42.644.145.0N/A2.8%
Italy86.0N/AN/AN/A0%
OthersN/AN/AN/AN/A0%
Total15944.4241127-7.2%

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

  1. Netherlands (50.0 tons)
  2. Bulgaria (20.0 tons)
  3. Afghanistan (13.9 tons)

Source: IndexBox Market Intelligence Platform

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