Austria: Sunflower Seed Market 2024

Sunflower Seed Market Size in Austria

The Austrian sunflower seed market stood at $X in 2022, with an increase of 2.2% against the previous year. Overall, consumption, however, showed a strong expansion. Sunflower seed consumption peaked in 2022 and is likely to see gradual growth in the near future.

Sunflower Seed Production in Austria

In value terms, sunflower seed production stood at $X in 2022 estimated in export price. Overall, production, however, recorded a pronounced increase. The pace of growth was the most pronounced in 2016 when the production volume increased by 128%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

The average yield of sunflower seed in Austria fell to X tons per ha in 2022, waning by -10.1% against the year before. The yield figure increased at an average annual rate of +1.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 with an increase of 65% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2017 to 2022, the growth of the average sunflower seed yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of sunflower seed production in Austria shrank to X ha, with a decrease of -2.4% against the year before. Over the period under review, the harvested area, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the harvested area increased by 21% against the previous year. Over the period under review, the harvested area dedicated to sunflower seed production reached the peak figure at X ha in 2021, and then declined slightly in the following year.

Sunflower Seed Exports

Exports from Austria

In 2022, overseas shipments of sunflower seed were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, total exports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of 40%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, sunflower seed exports surged to $X in 2022. Overall, exports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of 65% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons), Italy (X tons) and the Czech Republic (X tons) were the main destinations of sunflower seed exports from Austria, with a combined 70% share of total exports. Sweden, Russia, Ukraine, Hungary and Switzerland lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sweden (with a CAGR of +24.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sunflower seed exported from Austria were Russia ($X), Ukraine ($X) and Germany ($X), together accounting for 61% of total exports. Italy, the Czech Republic, Sweden, Hungary and Switzerland lagged somewhat behind, together accounting for a further 23%.

Sweden, with a CAGR of +28.2%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average sunflower seed export price stood at $X per ton in 2022, surging by 1.8% against the previous year. Over the period under review, export price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sunflower seed export price increased by +14.6% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of 70% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.

Sunflower Seed Imports

Imports into Austria

In 2022, purchases abroad of sunflower seed increased by 12% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +17.6% against 2020 indices. The pace of growth appeared the most rapid in 2013 with an increase of 42%. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, sunflower seed imports soared to $X in 2022. Overall, imports enjoyed a prominent increase. The pace of growth was the most pronounced in 2020 with an increase of 46%. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, Hungary (X tons) constituted the largest supplier of sunflower seed to Austria, with a 32% share of total imports. Moreover, sunflower seed imports from Hungary exceeded the figures recorded by the second-largest supplier, Romania (X tons), threefold. Germany (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Hungary stood at +3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+22.3% per year) and Germany (+22.5% per year).

In value terms, the largest sunflower seed suppliers to Austria were Hungary ($X), the Netherlands ($X) and Bulgaria ($X), together comprising 38% of total imports. Romania, Germany, Italy, Slovakia, the Czech Republic and Ukraine lagged somewhat behind, together comprising a further 42%.

Ukraine, with a CAGR of +168.9%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average sunflower seed import price stood at $X per ton in 2022, rising by 3.5% against the previous year. Over the period under review, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sunflower seed import price increased by +60.2% against 2019 indices. The pace of growth was the most pronounced in 2020 when the average import price increased by 47% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+16.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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