Eastern Europe: Sunflower Seed Market 2024

Sunflower Seed Market Size in Eastern Europe

The East European sunflower seed market reduced to $X in 2022, which is down by -6.3% against the previous year. The market value increased at an average annual rate of +4.6% 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 at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Sunflower Seed Production in Eastern Europe

In value terms, sunflower seed production shrank to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when the production volume increased by 40%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were Ukraine (X tons), Russia (X tons) and Romania (X tons), with a combined 87% share of total production. Bulgaria, Hungary and Moldova lagged somewhat behind, together accounting for a further 12%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by Moldova (with a CAGR of +9.4%), while production for the other leaders experienced more modest paces of growth.

The average sunflower seed yield contracted to X tons per ha in 2022, waning by -5.3% against the year before. The yield figure increased at an average annual rate of +3.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the yield increased by 27%. Over the period under review, the sunflower seed yield hit record highs 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 total area harvested in terms of sunflower seed production in Eastern Europe declined slightly to X ha, with a decrease of -3.9% against the previous year. The harvested area increased at an average annual rate of +2.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 12%. Over the period under review, the harvested area dedicated to sunflower seed production attained the maximum at X ha in 2021, and then fell slightly in the following year.

Sunflower Seed Exports

Exports in Eastern Europe

After two years of decline, overseas shipments of sunflower seed increased by 83% to X tons in 2022. Total exports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, sunflower seed exports soared to $X in 2022. Over the period under review, exports showed resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Ukraine (X tons) was the key exporter of sunflower seed, comprising 47% of total exports. It was distantly followed by Romania (X tons), Bulgaria (X tons) and Moldova (X tons), together creating a 43% share of total exports. Hungary (X tons), Slovakia (X tons) and Russia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Ukraine (with a CAGR of +25.6%), while the other leaders experienced more modest paces of growth.

In value terms, Ukraine ($X), Romania ($X) and Bulgaria ($X) were the countries with the highest levels of exports in 2022, with a combined 78% share of total exports.

Among the main exporting countries, Ukraine, with a CAGR of +22.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, which is down by -8.1% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the export price increased by 49% 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 Bulgaria ($X per ton), while Ukraine ($X per ton) was amongst the lowest.

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

Sunflower Seed Imports

Imports in Eastern Europe

In 2022, sunflower seed imports in Eastern Europe skyrocketed to X tons, increasing by 126% on 2021 figures. Overall, imports enjoyed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, sunflower seed imports surged to $X in 2022. Over the period under review, imports saw a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Bulgaria represented the major importer of sunflower seed in Eastern Europe, with the volume of imports accounting for X tons, which was approx. 41% of total imports in 2022. Hungary (X tons) ranks second in terms of the total imports with a 22% share, followed by Romania (20%) and the Czech Republic (6%). Moldova (X tons), Poland (X tons) and Russia (X tons) took a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Bulgaria (with a CAGR of +59.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest sunflower seed importing markets in Eastern Europe were Bulgaria ($X), Romania ($X) and Hungary ($X), with a combined 69% share of total imports.

Bulgaria, with a CAGR of +34.1%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2022, shrinking by -20.1% against the previous year. Overall, the import price saw a abrupt contraction. The most prominent rate of growth was recorded in 2021 when the import price increased by 30% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 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 Russia ($X per ton), while the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+3.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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