Ecuador: Sunflower Seed Market 2025

Sunflower Seed Market Size in Ecuador

The Ecuadorian sunflower seed market shrank to $X in 2022, which is down by -9.6% against the previous year. Over the period under review, consumption saw a pronounced reduction. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Sunflower Seed Production in Ecuador

In value terms, sunflower seed production dropped to $X in 2022 estimated in export price. Over the period under review, the total production indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +7.7% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 37%. Sunflower seed production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

The average yield of sunflower seed in Ecuador reduced to X tons per ha in 2022, remaining stable against the previous year's figure. In general, the yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the yield increased by 0.8% against the previous year. Over the period under review, the average sunflower seed yield attained the maximum level at X tons per ha in 2013; afterwards, it flattened through to 2022. 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 Ecuador; flattening at the year before. Overall, the harvested area saw a noticeable reduction. The most prominent rate of growth was recorded in 2016 when the harvested area increased by 15% against the previous year. The sunflower seed harvested area peaked at X ha in 2013; however, from 2014 to 2022, the harvested area failed to regain momentum.

Sunflower Seed Exports

Exports from Ecuador

After two years of decline, shipments abroad of sunflower seed increased by 244% to X tons in 2022. Overall, exports, however, saw a perceptible contraction. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, sunflower seed exports soared to $X in 2022. In general, exports posted strong growth. The most prominent rate of growth was recorded in 2018 when exports increased by 187%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Mexico (X tons) was the main destination for sunflower seed exports from Ecuador, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Mexico amounted to +3.8%.

In value terms, Mexico ($X) emerged as the key foreign market for sunflower seed exports from Ecuador.

From 2012 to 2022, the average annual growth rate of value to Mexico stood at +8.4%.

Export Prices by Country

In 2022, the average sunflower seed export price amounted to $X per ton, reducing by -30.7% against the previous year. Overall, the export price, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2013 an increase of 85%. The export price peaked at $X per ton in 2021, and then fell remarkably in the following year.

As there is only one major export destination, the average price level is determined by prices for Mexico.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +59.2% per year.

Sunflower Seed Imports

Imports into Ecuador

In 2022, sunflower seed imports into Ecuador reduced slightly to X tons, which is down by -4.1% compared with the previous year's figure. Over the period under review, total imports indicated a moderate increase from 2012 to 2022: its volume increased at an average annual rate of +2.4% 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 +3.7% against 2020 indices. The most prominent rate of growth was recorded in 2019 when imports increased by 32%. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, sunflower seed imports fell to $X in 2022. Overall, imports recorded a noticeable decline. The growth pace was the most rapid in 2021 when imports increased by 24% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Argentina (X tons) was the main sunflower seed supplier to Ecuador, accounting for a 96% share of total imports. It was followed by the United States (X tons), with a 2.6% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Argentina stood at +23.4%.

In value terms, the largest sunflower seed suppliers to Ecuador were the United States ($X) and Argentina ($X).

In terms of the main suppliers, Argentina, with a CAGR of +9.2%, recorded the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

In 2022, the average sunflower seed import price amounted to $X per ton, waning by -5.8% against the previous year. In general, the import price recorded a deep setback. The pace of growth appeared the most rapid in 2021 an increase of 15%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Argentina totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+26.4%).

Source: IndexBox Platform

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