CIS: Sunflower Seed Market 2024

Sunflower Seed Market Size in CIS

The CIS sunflower seed market shrank to $X in 2022, which is down by -3.8% against the previous year. The total consumption indicated a buoyant increase from 2012 to 2022: its value 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, consumption increased by +15.9% against 2020 indices. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Sunflower Seed Production in CIS

In value terms, sunflower seed production reduced modestly to $X in 2022 estimated in export price. The total production indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by +0.2% against 2020 indices. The pace of growth appeared the most rapid in 2016 with an increase of 31% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

The country with the largest volume of sunflower seed production was Russia (X tons), comprising approx. 89% of total volume. Moreover, sunflower seed production in Russia exceeded the figures recorded by the second-largest producer, Kazakhstan (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume in Russia totaled +6.8%. The remaining producing countries recorded the following average annual rates of production growth: Kazakhstan (+8.9% per year) and Moldova (+9.4% per year).

The average sunflower seed yield contracted modestly to X tons per ha in 2022, which is down by -2% against 2021. The yield figure increased at an average annual rate of +3.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 when the yield increased by 20%. The level of yield peaked at X tons per ha in 2019; however, from 2020 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.

In 2022, approx. X ha of sunflower seed were harvested in the CIS; with a decrease of -6.6% against the year before. The harvested area increased at an average annual rate of +3.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 15% against the previous year. As a result, the harvested area attained the peak level of X ha, and then reduced in the following year.

Sunflower Seed Exports

Exports in CIS

In 2022, sunflower seed exports in the CIS surged to X tons, growing by 60% compared with 2021 figures. Over the period under review, exports posted a resilient expansion. The pace of growth appeared the most rapid in 2019 with an increase of 95% against the previous year. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, sunflower seed exports skyrocketed to $X in 2022. Overall, exports posted a strong increase. The pace of growth was the most pronounced in 2019 when exports increased by 81% against the previous year. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Moldova (X tons) and Kazakhstan (X tons) were the key exporters of sunflower seed in the CIS, together finishing at approx. 89% of total exports. It was distantly followed by Russia (X tons), making up a 10% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Moldova (with a CAGR of +14.3%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Moldova ($X), Kazakhstan ($X) and Russia ($X) were the countries with the highest levels of exports in 2022, with a combined 100% share of total exports.

In terms of the main exporting countries, Moldova, with a CAGR of +16.6%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, surging by 8.4% against the previous year. Export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sunflower seed export price increased by +91.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the export price increased by 45% against the previous year. Over the period under review, the export prices attained the maximum in 2022 and is expected to retain growth in years to come.

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 Moldova ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+5.4%), while the other leaders experienced more modest paces of growth.

Sunflower Seed Imports

Imports in CIS

In 2022, after two years of decline, there was significant growth in supplies from abroad of sunflower seed, when their volume increased by 103% to X tons. Overall, imports recorded a resilient expansion. The pace of growth appeared the most rapid in 2017 with an increase of 109% against the previous year. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, sunflower seed imports soared to $X in 2022. Over the period under review, imports recorded strong growth. The pace of growth appeared the most rapid in 2017 with an increase of 57%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the immediate term.

Imports by Country

Kazakhstan (X tons), Uzbekistan (X tons) and Moldova (X tons) represented roughly 74% of total imports in 2022. Russia (X tons) ranks next in terms of the total imports with a 13% share, followed by Belarus (9%). Tajikistan (X tons) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Moldova (with a CAGR of +55.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) constitutes the largest market for imported sunflower seed in the CIS, comprising 49% of total imports. The second position in the ranking was held by Kazakhstan ($X), with an 18% share of total imports. It was followed by Moldova, with a 16% share.

From 2012 to 2022, the average annual growth rate of value in Russia totaled +5.8%. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (+21.5% per year) and Moldova (+26.9% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2022, reducing by -31.4% against the previous year. In general, the import price continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2020 when the import price increased by 62%. The level of import peaked 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 Russia ($X per ton), while Tajikistan ($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 (+14.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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