Middle East: Sunflower Seed Market 2024

Sunflower Seed Market Size in the Middle East

The Middle Eastern sunflower seed market was estimated at $X in 2022, growing by 1.6% against the previous year. In general, consumption, however, showed a slight expansion. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Sunflower Seed Production in the Middle East

In value terms, sunflower seed production stood at $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 36% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

The country with the largest volume of sunflower seed production was Turkey (X tons), comprising approx. 97% of total volume. It was followed by Iran (X tons), with a 2.6% share of total production.

From 2012 to 2022, the average annual growth rate of volume in Turkey totaled +5.0%.

In 2022, the average yield of sunflower seed in the Middle East rose to X tons per ha, surging by 2.4% against 2021. The yield figure increased at an average annual rate of +2.0% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 9.3%. The level of yield peaked at X tons per ha in 2020; however, from 2021 to 2022, the yield stood at a somewhat lower figure. 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 the Middle East fell to X ha, with a decrease of -8.7% on 2021 figures. The harvested area increased at an average annual rate of +2.7% 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 2021 when the harvested area increased by 21%. As a result, the harvested area attained the peak level of X ha, and then declined in the following year.

Sunflower Seed Exports

Exports in the Middle East

In 2022, overseas shipments of sunflower seed increased by 0.8% to X tons, rising for the second consecutive year after three years of decline. Overall, exports posted a buoyant increase. The pace of growth was the most pronounced in 2015 with an increase of 77%. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, sunflower seed exports amounted to $X in 2022. In general, exports saw a remarkable increase. The most prominent rate of growth was recorded in 2016 with an increase of 33%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

In 2022, Turkey (X tons) represented the largest exporter of sunflower seed in the Middle East, comprising 95% of total export.

Turkey was also the fastest-growing in terms of the sunflower seed exports, with a CAGR of +11.1% from 2012 to 2022. While the share of Turkey (+20 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) also remains the largest sunflower seed supplier in the Middle East.

In Turkey, sunflower seed exports expanded at an average annual rate of +8.5% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, approximately mirroring the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the export price increased by 37%. Over the period under review, the export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Turkey amounted to -2.3% per year.

Sunflower Seed Imports

Imports in the Middle East

In 2022, purchases abroad of sunflower seed increased by 11% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports posted a mild increase. The growth pace was the most rapid in 2019 when imports increased by 50% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, sunflower seed imports expanded remarkably to $X in 2022. Total imports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -0.4% against 2020 indices. The pace of growth appeared the most rapid in 2019 with an increase of 41%. 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

Turkey dominates imports structure, accounting for X tons, which was near 82% of total imports in 2022. It was distantly followed by Iraq (X tons), mixing up a 7.2% share of total imports. Iran (X tons) and the United Arab Emirates (X tons) took a little share of total imports.

Turkey experienced a relatively flat trend pattern with regard to volume of imports of sunflower seed. At the same time, Iraq (+22.3%) and Iran (+1.3%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +22.3% from 2012-2022. By contrast, the United Arab Emirates (-2.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Iraq increased by +6.1 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported sunflower seed in the Middle East, comprising 74% of total imports. The second position in the ranking was taken by Iraq ($X), with a 10% share of total imports. It was followed by Iran, with a 5.3% share.

In Turkey, sunflower seed imports increased at an average annual rate of +3.8% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Iraq (+21.9% per year) and Iran (+0.8% per year).

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2022, standing approx. at the previous year. Import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +2.7% 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 +47.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the import price increased by 38%. Over the period under review, import prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Iraq ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+2.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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