Japan: Sunflower Seed Market 2024

Sunflower Seed Market Size in Japan

The Japanese sunflower seed market fell markedly to $X in 2022, with a decrease of -28% against the previous year. Over the period under review, consumption continues to indicate a deep setback. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Sunflower Seed Production in Japan

In value terms, sunflower seed production reduced dramatically to $X in 2022 estimated in export price. Overall, production, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2019 when the production volume increased by 106% against the previous year. Sunflower seed production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

In 2022, the average sunflower seed yield in Japan was estimated at less than X kg per ha, remaining constant against 2021 figures. 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.

The sunflower seed harvested area in Japan stood at less than X ha in 2022, standing approx. at the year before. Over the period under review, the harvested area saw a relatively flat trend pattern.

Sunflower Seed Exports

Exports from Japan

In 2022, approx. X tons of sunflower seed were exported from Japan; with a decrease of -49.7% against 2021 figures. In general, exports, however, continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2014 with an increase of 190% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2021, and then dropped significantly in the following year.

In value terms, sunflower seed exports fell rapidly to $X in 2022. Over the period under review, exports, however, recorded resilient growth. The pace of growth appeared the most rapid in 2014 when exports increased by 168%. The exports peaked at $X in 2021, and then fell notably in the following year.

Exports by Country

Hong Kong SAR (X tons) was the main destination for sunflower seed exports from Japan, with a 65% share of total exports. Moreover, sunflower seed exports to Hong Kong SAR exceeded the volume sent to the second major destination, the Philippines (X tons), fourfold. The third position in this ranking was held by Vietnam (X tons), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Hong Kong SAR stood at +85.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (+133.7% per year) and Vietnam (+34.7% per year).

In value terms, Hong Kong SAR ($X) remains the key foreign market for sunflower seed exports from Japan, comprising 69% of total exports. The second position in the ranking was taken by the Philippines ($X), with a 13% share of total exports. It was followed by Vietnam, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Hong Kong SAR amounted to +74.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (+135.8% per year) and Vietnam (+26.7% per year).

Export Prices by Country

In 2022, the average sunflower seed export price amounted to $X per ton, reducing by -5.3% against the previous year. Overall, the export price saw a abrupt decrease. The most prominent rate of growth was recorded in 2020 when the average export price increased by 26% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Hong Kong SAR ($X per ton) and Vietnam ($X per ton), while the average price for exports to 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 recorded for supplies to the Philippines (+0.9%), while the prices for the other major destinations experienced a decline.

Sunflower Seed Imports

Imports into Japan

After two years of decline, supplies from abroad of sunflower seed increased by 10% to X tons in 2022. In general, imports, however, saw a slight descent. The most prominent rate of growth was recorded in 2019 with an increase of 14% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, sunflower seed imports contracted to $X in 2022. Over the period under review, imports saw tangible growth. The pace of growth appeared the most rapid in 2019 with an increase of 46% against the previous year. Over the period under review, imports reached the maximum at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

Canada (X tons), Argentina (X tons) and the United States (X tons) were the main suppliers of sunflower seed imports to Japan, together comprising 65% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Argentina (with a CAGR of +27.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Chile ($X) and Canada ($X) constituted the largest sunflower seed suppliers to Japan, together comprising 61% of total imports. Argentina, China, Bulgaria, Hungary, India and Australia lagged somewhat behind, together comprising a further 23%.

In terms of the main suppliers, Bulgaria, with a CAGR of +33.5%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average sunflower seed import price stood at $X per ton in 2022, shrinking by -19.2% against the previous year. Overall, the import price, however, continues to indicate a strong increase. The most prominent rate of growth was recorded in 2020 an increase of 58%. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Chile ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+41.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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