Global Sunflower Seed Market 2024

Sunflower Seed Market Size

In 2022, the global sunflower seed market increased by X% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. Over the period under review, the global market attained the maximum level in 2022 and is expected to retain growth in years to come.

Sunflower Seed Production

In value terms, sunflower seed production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, global production reached the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

The countries with the highest volumes of production in 2022 were Ukraine (X tons), Russia (X tons) and Argentina (X tons), with a combined X% share of global production. China, Romania, Turkey, Bulgaria, France, Hungary, the United States, Tanzania, Kazakhstan and Spain lagged somewhat behind, together accounting for a further X%.

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

In 2022, the global average sunflower seed yield fell modestly to X tons per ha, waning by X% against the year before. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2013 when the yield increased by X%. Over the period under review, the average sunflower seed yield reached the peak level at X tons per ha in 2019; however, from 2020 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the global harvested area of sunflower seed contracted slightly to X ha, waning by X% against the previous year. The harvested area increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to sunflower seed production attained the maximum at X ha in 2021, and then shrank slightly in the following year.

Sunflower Seed Exports

Exports

After two years of decline, overseas shipments of sunflower seed increased by X% to X tons in 2022. Over the period under review, total exports indicated buoyant growth from 2012 to 2022: its volume 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. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, sunflower seed exports skyrocketed to $X in 2022. Overall, total exports indicated strong growth 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. Based on 2022 figures, exports increased by X% against 2015 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Ukraine represented the key exporting country with an export of around X tons, which accounted for X% of total exports. Romania (X tons) took the second position in the ranking, distantly followed by Bulgaria (X tons), France (X tons), China (X tons) and Moldova (X tons). All these countries together took approx. X% share of total exports. Kazakhstan (X tons), Russia (X tons), Hungary (X tons), Slovakia (X tons) and Argentina (X tons) followed a long way behind the leaders.

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

In value terms, the largest sunflower seed supplying countries worldwide were Ukraine ($X), Romania ($X) and Bulgaria ($X), together comprising X% of global exports.

Ukraine, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2022, the average sunflower seed export price amounted to $X per ton, waning by X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then shrank in the following year.

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

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

Sunflower Seed Imports

Imports

In 2022, global sunflower seed imports surged to X tons, rising by X% against 2021 figures. Over the period under review, imports saw a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, sunflower seed imports soared to $X in 2022. Overall, imports saw a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons) and Bulgaria (X tons) represented the key importers of sunflower seed in 2022, resulting at approx. X% and X% of total imports, respectively. Turkey (X tons) took the next position in the ranking, followed by Hungary (X tons), the Netherlands (X tons), Romania (X tons) and Spain (X tons). All these countries together held near X% share of total imports. Germany (X tons), Portugal (X tons), the Czech Republic (X tons), France (X tons), Austria (X tons) and Kazakhstan (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by China (with a CAGR of X%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, Bulgaria ($X), Turkey ($X) and the Netherlands ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of global imports.

Among the main importing countries, Bulgaria, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average sunflower seed import price amounted to $X per ton, growing by X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. Global import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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