Hong Kong SAR, China: Sunflower Seed Market 2025

Sunflower Seed Market Size in Hong Kong SAR, China

The Hong Kong sunflower seed market soared to $X in 2022, rising by 96% against the previous year. Over the period under review, consumption, however, recorded a mild reduction. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Sunflower Seed Production in Hong Kong SAR, China

In value terms, sunflower seed production rose significantly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.5% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 33% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

In 2022, the average yield of sunflower seed in Hong Kong SAR was estimated at less than X kg per ha, remaining stable against the previous year's figure. In general, the yield showed a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of sunflower seed in Hong Kong SAR was estimated at less than X ha, approximately mirroring 2021 figures. In general, the harvested area showed a relatively flat trend pattern.

Sunflower Seed Exports

Exports from Hong Kong SAR, China

In 2022, approx. X kg of sunflower seed were exported from Hong Kong SAR; which is down by -98.9% against the previous year. Overall, exports saw a significant decline. The growth pace was the most rapid in 2021 when exports increased by 486%. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, sunflower seed exports declined markedly to $X in 2022. Over the period under review, exports faced a deep reduction. The pace of growth was the most pronounced in 2021 with an increase of 803%. As a result, the exports reached the peak of $X, and then fell notably in the following year.

Exports by Country

Solomon Islands (X kg) was the main destination for sunflower seed exports from Hong Kong SAR, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Solomon Islands stood at +4.9%.

In value terms, Solomon Islands ($X) also remains the key foreign market for sunflower seed exports from Hong Kong SAR.

From 2012 to 2022, the average annual growth rate of value to Solomon Islands stood at +3.6%.

Export Prices by Country

The average sunflower seed export price stood at $X per ton in 2022, rising by 50% against the previous year. Over the period under review, the export price showed buoyant growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 66%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for Singapore amounted to +8.7% per year.

Sunflower Seed Imports

Imports into Hong Kong SAR, China

In 2022, imports of sunflower seed into Hong Kong SAR fell to X tons, dropping by -8.1% on 2021. Overall, imports saw a abrupt decrease. The most prominent rate of growth was recorded in 2016 when imports increased by 84% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, sunflower seed imports shrank slightly to $X in 2022. In general, imports showed a noticeable slump. The growth pace was the most rapid in 2021 with an increase of 93% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) was the main supplier of sunflower seed to Hong Kong SAR, with a 91% share of total imports. Moreover, sunflower seed imports from China exceeded the figures recorded by the second-largest supplier, Australia (X tons), more than tenfold. Taiwan (Chinese) (X kg) ranked third in terms of total imports with a 2.5% share.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (-23.3% per year) and Taiwan (Chinese) (0.0% per year).

In value terms, China ($X) constituted the largest supplier of sunflower seed to Hong Kong SAR, comprising 89% of total imports. The second position in the ranking was taken by Australia ($X), with a 5.4% share of total imports. It was followed by Taiwan (Chinese), with a 2.7% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (-19.0% per year) and Taiwan (Chinese) (0.0% per year).

Import Prices by Country

In 2022, the average sunflower seed import price amounted to $X per ton, increasing by 3.9% against the previous year. Overall, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +4.2% 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 +64.0% against 2016 indices. The growth pace was the most rapid in 2018 an increase of 17%. The import price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Germany ($X per ton) and Australia ($X per ton), while the price for China ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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