Asia: Sunflower Seed Market 2024

Sunflower Seed Market Size in Asia

For the fourth consecutive year, the Asian sunflower seed market recorded growth in sales value, which increased by X% to $X in 2022. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level in 2022 and is likely to continue growth in the near future.

Sunflower Seed Production in Asia

In value terms, sunflower seed production reached $X in 2022 estimated in export price. Overall, production showed a slight decrease. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

The countries with the highest volumes of production in 2022 were China (X tons), Turkey (X tons) and Kazakhstan (X tons), together accounting for X% of total production.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by Kazakhstan (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

In 2022, the average yield of sunflower seed in Asia reached X tons per ha, standing approx. at the previous year. The yield figure increased at an average annual rate of X% 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 2017 when the yield increased by X% against the previous year. The level of yield peaked at X tons per ha in 2020; however, from 2021 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The sunflower seed harvested area declined to X ha in 2022, waning by X% compared with the previous year's figure. Over the period under review, the harvested area recorded a mild slump. The pace of growth was the most pronounced in 2021 when the harvested area increased by X%. The level of harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

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Sunflower Seed Exports

Exports in Asia

In 2022, after two years of decline, there was significant growth in overseas shipments of sunflower seed, when their volume increased by X% to X tons. Overall, exports posted a resilient expansion. The pace of growth appeared the most rapid in 2016 when exports increased by X%. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, sunflower seed exports soared to $X in 2022. Over the period under review, exports enjoyed a prominent increase. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

China (X tons) and Kazakhstan (X tons) were the key exporters of sunflower seed in 2022, amounting to near X% and X% of total exports, respectively. It was distantly followed by Turkey (X tons), comprising a X% share of total exports. The United Arab Emirates (X tons) took a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest sunflower seed supplier in Asia, comprising X% of total exports. The second position in the ranking was held by Turkey ($X), with a X% share of total exports. It was followed by Kazakhstan, with a X% share.

From 2012 to 2022, the average annual growth rate of value in China stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (X% per year) and Kazakhstan (X% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, reducing by X% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the export price increased by X%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (X%), while the other leaders experienced mixed trends in the export price figures.

Sunflower Seed Imports

Imports in Asia

In 2022, overseas purchases of sunflower seed increased by X% to X tons, rising for the seventh consecutive year after three years of decline. Overall, imports recorded buoyant growth. The pace of growth appeared the most rapid in 2019 with an increase of X%. The volume of import peaked in 2022 and is likely to see steady growth in the near future.

In value terms, sunflower seed imports soared to $X in 2022. Total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 with an increase of X%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

China represented the largest importing country with an import of about X tons, which resulted at X% of total imports. It was distantly followed by Turkey (X tons), achieving a X% share of total imports. Kazakhstan (X tons), Uzbekistan (X tons) and Iraq (X tons) took a relatively small share of total imports.

China was also the fastest-growing in terms of the sunflower seed imports, with a CAGR of X% from 2012 to 2022. At the same time, Kazakhstan (X%) and Iraq (X%) displayed positive paces of growth. Turkey experienced a relatively flat trend pattern. By contrast, Uzbekistan (X%) illustrated a downward trend over the same period. China (X p.p.), Uzbekistan (X p.p.) and Kazakhstan (X p.p.) significantly strengthened its position in terms of the total imports, while Turkey saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported sunflower seed in Asia, comprising X% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with an X% share of total imports. It was followed by China, with an X% share.

In Turkey, sunflower seed imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Kazakhstan (X% per year) and China (X% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, surging by X% against the previous year. In general, the import price, however, continues to indicate a deep downturn. The pace of growth appeared the most rapid in 2013 when the import price increased by X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Iraq ($X per ton), while China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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