Price for Seed; Fescue, of A Kind Used for Sowing in the Philippines - 2022

Contents:

  1. Price for Seed; Fescue, of A Kind Used for Sowing in the Philippines (CIF) - 2022
  2. Imports of Seed; Fescue, of A Kind Used for Sowing in the Philippines

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

The average import price for seed; fescue, of a kind used for sowings stood at $1,479 per ton in 2022, declining by -4.1% against the previous year. In general, the import price continues to indicate a perceptible contraction. The growth pace was the most rapid in 2017 an increase of 75% against the previous year. As a result, import price attained the peak level of $2,058 per ton. From 2018 to 2022, the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -2.9% per year.

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

After three years of growth, supplies from abroad of seed; fescue, of a kind used for sowings decreased by -3.4% to 4.3 tons in 2022. The total import volume increased at an average annual rate of +3.6% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 7.4% against the previous year. As a result, imports attained the peak of 4.4 tons, and then contracted in the following year.

In value terms, imports of seed; fescue, of a kind used for sowings reduced to $6.3K in 2022. The total import value increased at an average annual rate of +8.5% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 17% against the previous year.

Import of Seed; Fescue, of A Kind Used for Sowing in the Philippines (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States4.95.86.86.38.7%
OthersN/AN/AN/AN/A0%
Total4.95.86.86.38.7%

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

  1. United States (4.3 tons)

Source: IndexBox Market Intelligence Platform

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