Iran: Sunflower Seed Market 2024

Sunflower Seed Market Size in Iran

In 2022, the Iranian sunflower seed market increased by 2.6% to $X for the first time since 2017, thus ending a four-year declining trend. Over the period under review, consumption, however, showed a perceptible decline. Sunflower seed consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Sunflower Seed Production in Iran

In value terms, sunflower seed production rose slightly to $X in 2022 estimated in export price. In general, production, however, showed a abrupt setback. The growth pace was the most rapid in 2015 when the production volume increased by 31% against the previous year. Sunflower seed production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

The average yield of sunflower seed in Iran was estimated at X ton per ha in 2022, approximately equating the year before. Overall, the yield saw a mild descent. The most prominent rate of growth was recorded in 2016 when the yield increased by 2.1% against the previous year. The sunflower seed yield peaked at X tons per ha in 2012; however, from 2013 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.

The sunflower seed harvested area in Iran amounted to X ha in 2022, flattening at 2021 figures. Overall, the harvested area, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 48% against the previous year. As a result, the harvested area attained the peak level of X ha. From 2017 to 2022, the growth of the sunflower seed harvested area failed to regain momentum.

Sunflower Seed Exports

Exports from Iran

Sunflower seed exports from Iran reduced rapidly to X tons in 2022, dropping by -17% on the previous year. Over the period under review, exports, however, continue to indicate strong growth. The pace of growth appeared the most rapid in 2015 when exports increased by 258%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, sunflower seed exports declined to $X in 2022. In general, exports, however, enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2015 when exports increased by 509% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Turkey (X tons) was the main destination for sunflower seed exports from Iran, accounting for a 83% share of total exports. Moreover, sunflower seed exports to Turkey exceeded the volume sent to the second major destination, the UK (X tons), more than tenfold. Germany (X tons) ranked third in terms of total exports with a 2.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Turkey stood at +21.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+12.4% per year) and Germany (+33.0% per year).

In value terms, Turkey ($X) remains the key foreign market for sunflower seed exports from Iran, comprising 42% of total exports. The second position in the ranking was held by Canada ($X), with a 21% share of total exports. It was followed by the UK, with a 9.1% share.

From 2012 to 2022, the average annual growth rate of value to Turkey totaled +11.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+14.2% per year) and the UK (-3.3% per year).

Export Prices by Country

The average sunflower seed export price stood at $X per ton in 2022, growing by 5.9% against the previous year. Overall, the export price, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2015 when the average export price increased by 70%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Turkey ($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 Pakistan (+16.4%), while the prices for the other major destinations experienced mixed trend patterns.

Sunflower Seed Imports

Imports into Iran

In 2022, after two years of decline, there was growth in overseas purchases of sunflower seed, when their volume increased by 1.7% to X tons. Overall, imports enjoyed modest growth. The pace of growth was the most pronounced in 2014 with an increase of 74%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, sunflower seed imports shrank to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 74% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) was the main supplier of sunflower seed to Iran, accounting for a 96% share of total imports. Moreover, sunflower seed imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from China stood at +9.7%.

In value terms, China ($X) constituted the largest supplier of sunflower seed to Iran, comprising 98% of total imports. The second position in the ranking was taken by Turkey ($X), with a 2% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +8.0%.

Import Prices by Country

The average sunflower seed import price stood at $X per ton in 2022, declining by -3.2% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 35%. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 China ($X per ton), while the price for Turkey totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+17.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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