Overview of the Global Market for Seeds, Fruit and Spores Used for Sowing

Market Size for Seeds, Fruit and Spores Used for Sowing

The global market for seeds, fruit and spores used for sowing dropped modestly to $X in 2022, approximately equating the previous year. Overall, consumption saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the market value increased by 8% against the previous year. Over the period under review, the global market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Seeds, Fruit and Spores Used for Sowing

In value terms, production of seeds, fruit and spores used for sowing fell modestly to $X in 2022 estimated in export price. In general, production continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2018 with an increase of 22%. Over the period under review, global production of reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Indonesia (X tons) remains the largest seed, fruit and spore used for sowing producing country worldwide, accounting for 56% of total volume. Moreover, production of seeds, fruit and spores used for sowing in Indonesia exceeded the figures recorded by the second-largest producer, Malaysia (X tons), twofold. The third position in this ranking was taken by Thailand (X tons), with a 3.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in Indonesia totaled +4.0%. In the other countries, the average annual rates were as follows: Malaysia (+0.1% per year) and Thailand (+4.5% per year).

Exports of Seeds, Fruit and Spores Used for Sowing

Exports

In 2022, approx. X tons of seeds, fruit and spores used for sowing were exported worldwide; approximately mirroring 2021. In general, exports recorded a mild reduction. The pace of growth appeared the most rapid in 2020 with an increase of 30%. The global exports peaked at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, exports of seeds, fruit and spores used for sowing reduced to $X in 2022. Overall, exports showed a perceptible shrinkage. The pace of growth appeared the most rapid in 2016 when exports increased by 8.4%. Over the period under review, the global exports of hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, India (X tons), followed by Spain (X tons), Germany (X tons), the Netherlands (X tons), Italy (X tons), Austria (X tons) and South Africa (X tons) represented the largest exporters of seeds, fruit and spores used for sowing, together creating 57% of total exports. New Zealand (X tons), Myanmar (X tons), Thailand (X tons), the United States (X tons), Belgium (X tons) and Portugal (X tons) held a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Germany (with a CAGR of +26.0%), while the other global leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), the United States ($X) and South Africa ($X) constituted the countries with the highest levels of exports in 2022, with a combined 26% share of global exports. Germany, Spain, India, Thailand, Italy, New Zealand, Austria, Myanmar, Belgium and Portugal lagged somewhat behind, together comprising a further 26%.

Germany, with a CAGR of +11.1%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for seeds, fruit and spores used for sowing stood at $X per ton in 2022, falling by -2.9% against the previous year. Over the period under review, the export price recorded a mild curtailment. The most prominent rate of growth was recorded in 2019 an increase of 22%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+14.2%), while the other global leaders experienced more modest paces of growth.

Imports of Seeds, Fruit and Spores Used for Sowing

Imports

In 2022, after three years of growth, there was significant decline in purchases abroad of seeds, fruit and spores used for sowing, when their volume decreased by -15.3% to X tons. The total import volume increased at an average annual rate of +2.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2015 when imports increased by 20% against the previous year. Global imports peaked at X tons in 2021, and then dropped markedly in the following year.

In value terms, imports of seeds, fruit and spores used for sowing dropped to $X in 2022. Overall, imports continue to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 6.1%. Over the period under review, global imports of hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Egypt (X tons) represented the key importer of seeds, fruit and spores used for sowing, achieving 35% of total imports. Lebanon (X tons) ranks second in terms of the total imports with an 8.6% share, followed by China (6.6%), Bangladesh (6.4%), Spain (6.2%) and Germany (4.8%). The following importers - Italy (X tons), the Netherlands (X tons), Taiwan (Chinese) (X tons) and Austria (X tons) - together made up 9% of total imports.

From 2012 to 2022, average annual rates of growth with regard to seed, fruit and spore used for sowing imports into Egypt stood at +6.5%. At the same time, Italy (+12.5%), Spain (+10.6%), Bangladesh (+9.7%), China (+6.8%), Germany (+6.3%), Lebanon (+1.9%) and Austria (+1.2%) displayed positive paces of growth. Moreover, Italy emerged as the fastest-growing importer imported in the world, with a CAGR of +12.5% from 2012-2022. By contrast, the Netherlands (-3.9%) and Taiwan (Chinese) (-8.4%) illustrated a downward trend over the same period. While the share of Egypt (+11 p.p.), Spain (+3.3 p.p.), Bangladesh (+3.1 p.p.), China (+2.2 p.p.) and Italy (+1.8 p.p.) increased significantly in terms of the global imports from 2012-2022, the share of the Netherlands (-2.2 p.p.) and Taiwan (Chinese) (-4.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest seed, fruit and spore used for sowing importing markets worldwide were China ($X), Germany ($X) and Egypt ($X), together accounting for 18% of global imports.

China, with a CAGR of +7.4%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for seeds, fruit and spores used for sowing stood at $X per ton in 2022, surging by 8.1% against the previous year. Overall, the import price, however, showed a pronounced curtailment. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Egypt ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+9.5%), while the other global leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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