Global Commercial Seed Market increases by 1.57% in nominal terms to reach US$ 45.37 billion in 2018 when measured at the ex-company level and when using average year exchange rates

Lüdinghausen, 18.10.2019. 

Growth in seed market is driven by Asia, Europe, and Middle East Africa. Brazil slipped back to 3rd position in the most commercially significant seed markets after the USA and China.

According to Dr. Puran Mal – Team Manager AgriGlobe®, a large proportion of the commercial growth came from Asia, Europe, and Middle East Africa while the North American seed market was almost flat. Unfortunately, Latin America could not maintain the pace of growth as in last year. The USA remains, by some margin, the first commercial seed market in value terms. China jumped from the 3rd to the 2nd most commercially significant market with a 5% increase in the value in 2018. Overall the Latin American region posted a decrease of some 6% in value terms in 2018 as compared to 2017. However, within the Latin American market Argentina, Mexico, and Colombia all performed positively in 2018 especially in the maize crop. The Brazilian seed market, which accounts for approximately 50% of the regions value, on the other hand, decreased by more than 15% in US$ terms due to the weakening of the Brazil Real against US$. Therefore Brazil slipped back to 3rd position in the most commercially significant seed markets after the USA and China. Argentina entered in top five most commercially seed markets now above both Russia and Canada.

Within Europe, the commercial seed market increased by close to 3% in value terms and Russia remains the leading seed market despite almost a 6% decrease in that market. Ukrainian seed market increased significantly in value terms in 2018 such that it overtook Germany to become the 3rd largest seed market in Europe. Overall the main growth in Europe came from markets such as Ukraine, France, Germany and Romania.

Cropwise growth at a global level came from maize, cotton, oil-seed rape and rice due to the high adoption of high yielding varieties and hybrids.

Get in contact with the AgriGlobe® team for more information:

Dr. Puran Mal
Team Manager - AgriGlobe®
Puran.Mal@kleffmann.com
Tel: + 49 (0) 2591 9188 - 123

Dr. Bob Fairclough 
Principal Consultant - amis®AgriGlobe®
Bob.Fairclough@kleffmann.com
Phone: + 44 (0) 1225 8333 73