Price for Seed; Vegetable Seed, of A Kind Used for Sowing in India - 2023
Contents:
- Price for Seed; Vegetable Seed, of A Kind Used for Sowing in India (CIF) - 2023
- Price for Seed; Vegetable Seed, of A Kind Used for Sowing in India (FOB) - 2022
- Imports of Seed; Vegetable Seed, of A Kind Used for Sowing in India
- Exports of Seed; Vegetable Seed, of A Kind Used for Sowing in India
Price for Seed; Vegetable Seed, of A Kind Used for Sowing in India (CIF) - 2023
The average import price for seed; vegetable seed, of a kind used for sowings stood at $6,691 per ton in November 2023, rising by 21% against the previous month. Overall, the import price posted slight growth. The pace of growth was the most pronounced in February 2023 an increase of 66% month-to-month. Over the period under review, average import prices attained the maximum at $18,500 per ton in April 2023; however, from May 2023 to November 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was the United States ($35,710 per ton), while the price for Bulgaria ($1,517 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 Bulgaria (+1.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Seed; Vegetable Seed, of A Kind Used for Sowing in India (FOB) - 2022
The average export price for seed; vegetable seed, of a kind used for sowings stood at $9,439 per ton in 2022, growing by 12% against the previous year. In general, the export price posted prominent growth. The most prominent rate of growth was recorded in 2015 an increase of 70% against the previous year. Over the period under review, the average export prices reached the maximum at $13,538 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($75,500 per ton), while the average price for exports to Iraq ($985 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 Bangladesh (+9.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Seed; Vegetable Seed, of A Kind Used for Sowing in India
In 2022, approx. 7.5K tons of seed; vegetable seed, of a kind used for sowings were imported into India; with an increase of 15% against 2021 figures. The total import volume increased at an average annual rate of +9.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 15% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to see steady growth in the immediate term.
In value terms, imports of seed; vegetable seed, of a kind used for sowings totaled $108M in 2022. The total import value increased at an average annual rate of +8.0% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Seed; Vegetable Seed, of A Kind Used for Sowing in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 15.1 | 18.4 | 14.1 | 15.6 | 1.1% |
| Italy | 10.5 | 9.8 | 11.8 | 12.2 | 5.1% |
| Japan | 8.5 | 9.3 | 10.2 | 11.8 | 11.6% |
| Thailand | 9.6 | 10.4 | 9.9 | 9.8 | 0.7% |
| United States | 7.1 | 9.1 | 8.0 | 9.3 | 9.4% |
| France | 7.0 | 8.4 | 7.6 | 7.9 | 4.1% |
| South Korea | 5.0 | 5.9 | 7.3 | 6.9 | 11.3% |
| South Africa | 1.4 | 0.4 | 0.6 | 4.7 | 49.7% |
| Others | 21.5 | 23.4 | 25.6 | 29.8 | 11.5% |
| Total | 85.7 | 95.1 | 95.1 | 108 | 8.0% |
Top Suppliers of Seed; Vegetable Seed, of A Kind Used for Sowing to India in 2022:
- Italy (5413.8 tons)
- France (646.9 tons)
- United States (415.6 tons)
- Japan (151.5 tons)
- South Africa (146.2 tons)
- Thailand (109.8 tons)
- South Korea (84.8 tons)
- Netherlands (73.9 tons)
Exports of Seed; Vegetable Seed, of A Kind Used for Sowing in India
For the third year in a row, India recorded decline in overseas shipments of seed; vegetable seed, of a kind used for sowings, which decreased by -9.6% to 9.9K tons in 2022. Overall, exports continue to indicate a deep slump. The smallest decline of -1.8% was in 2020.
In value terms, exports of seed; vegetable seed, of a kind used for sowings amounted to $94M in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 4.3%. As a result, the exports reached the peak of $97M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Seed; Vegetable Seed, of A Kind Used for Sowing in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 18.5 | 18.1 | 16.8 | 17.2 | -2.4% |
| United States | 14.0 | 12.8 | 15.8 | 15.5 | 3.5% |
| Bangladesh | 8.4 | 10.3 | 9.7 | 10.2 | 6.7% |
| United Arab Emirates | 1.3 | 3.1 | 1.8 | 5.2 | 58.7% |
| Thailand | 7.2 | 4.2 | 4.9 | 4.6 | -13.9% |
| South Korea | 2.8 | 4.7 | 4.2 | 3.3 | 5.6% |
| Kenya | 1.2 | 3.0 | 2.2 | 2.1 | 20.5% |
| Nepal | 1.0 | 1.8 | 2.2 | 2.0 | 26.0% |
| Vietnam | 1.1 | 2.2 | 2.4 | 1.6 | 13.3% |
| Turkey | 0.4 | 1.4 | 1.4 | 1.5 | 55.4% |
| Saudi Arabia | 0.6 | 1.2 | 0.8 | 1.3 | 29.4% |
| Iran | 3.1 | 1.9 | 0.9 | 1.2 | -27.1% |
| Iraq | 0.1 | 0.1 | 0.6 | 0.7 | 91.3% |
| Others | 33.7 | 32.7 | 28.8 | 27.4 | -6.7% |
| Total | 93.5 | 97.5 | 92.8 | 93.8 | 0.1% |
Top Export Markets for Seed; Vegetable Seed, of A Kind Used for Sowing from India in 2022:
- Bangladesh (1509.8 tons)
- United Arab Emirates (1209.7 tons)
- Saudi Arabia (783.0 tons)
- Iraq (675.7 tons)
- United States (605.8 tons)
- Vietnam (600.7 tons)
- Nepal (533.5 tons)
- Turkey (473.6 tons)
- South Korea (469.5 tons)
- Thailand (420.7 tons)
- Kenya (323.6 tons)
- Netherlands (227.3 tons)
- Iran (159.1 tons)
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