Price for Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing in Hong Kong SAR - 2022

Contents:

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

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

The average import price for seed; clover (trifolium spp.) seed, of a kind used for sowing stood at $21,963 per ton in 2022, rising by 736% against the previous year. Overall, the import price saw a resilient expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Australia amounted to +31.1% per year.

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

The average export price for seed; clover (trifolium spp.) seed, of a kind used for sowing stood at $4,526 per ton in 2022, standing approx. at the previous year. Over the period under review, the export price, however, continues to indicate a pronounced slump. The most prominent rate of growth was recorded in 2018 an increase of 12% against the previous year. The export price peaked at $7,292 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($4,882 per ton), while the average price for exports to the Netherlands totaled $1,500 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (-2.8%).

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

For the third year in a row, Hong Kong SAR recorded decline in purchases abroad of seed; clover (trifolium spp.) seed, of a kind used for sowing, which decreased by -63.4% to 1.8 tons in 2022. Overall, imports saw a sharp descent. The smallest decline of -62.9% was in 2021.

In value terms, imports of seed; clover (trifolium spp.) seed, of a kind used for sowing surged to $40K in 2022. In general, imports saw a significant decline.

Import of Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing in Hong Kong SAR (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States10121.41.839.8-26.7%
Denmark69.023.79.0N/A-63.9%
Others18.26.52.2N/A-65.2%
Total18851.613.039.8-40.4%

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

  1. United States (1.8 tons)

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

In 2022, overseas shipments of seed; clover (trifolium spp.) seed, of a kind used for sowing decreased by -9.5% to 19 kg for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +10.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 24%. As a result, the exports reached the peak of 21 kg, and then contracted in the following year.

In value terms, exports of seed; clover (trifolium spp.) seed, of a kind used for sowing reduced to $86 in 2022. Overall, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +12.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +41.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 25%. As a result, the exports attained the peak of $95, and then shrank in the following year.

Export of Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing in Hong Kong SAR (USD)
COUNTRY2019202020212022CAGR,
2019-2022
China61.076.095.083.010.8%
NetherlandsN/AN/AN/A3.00%
OthersN/AN/AN/AN/A0%
Total61.076.095.086.012.1%

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

  1. China (17.0 kg)
  2. Netherlands (2.0 kg)

Source: IndexBox Market Intelligence Platform

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