Philippines: Sunflower Seed Market 2025

Sunflower Seed Market Size in the Philippines

The Philippine sunflower seed market surged to $X in 2022, jumping by 22% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption enjoyed a resilient increase. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Sunflower Seed Exports

Exports from the Philippines

Sunflower seed exports from the Philippines dropped sharply to X kg in 2013, with a decrease of -78.5% on the previous year's figure. Overall, exports saw a significant curtailment. Over the period under review, the exports attained the peak figure at X kg in 2012, and then declined notably in the following year.

In value terms, sunflower seed exports dropped dramatically to $X in 2013. Over the period under review, exports recorded a dramatic decrease. The exports peaked at $X in 2012, and then dropped notably in the following year.

Exports by Country

Singapore (X kg), Norway (X kg) and Canada (X kg) were the main destinations of sunflower seed exports from the Philippines, with a combined 99% share of total exports.

From 2012 to 2013, the biggest increases were recorded for Norway (with a CAGR of 0.0%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Norway ($X) emerged as the key foreign market for sunflower seed exports from the Philippines, comprising 96% of total exports. The second position in the ranking was taken by Singapore ($X), with a 2.2% share of total exports.

From 2012 to 2013, the average annual rate of growth in terms of value to Norway was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (0.0% per year) and Canada (-98.3% per year).

Export Prices by Country

In 2013, the average sunflower seed export price amounted to $X per ton, reducing by -9.8% against the previous year. Overall, the export price showed a abrupt shrinkage. The export price peaked at $X per ton in 2012, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Singapore ($X per ton) was amongst the lowest.

From 2012 to 2013, the most notable rate of growth in terms of prices was recorded for supplies to Canada (-38.8%).

Sunflower Seed Imports

Imports into the Philippines

In 2022, supplies from abroad of sunflower seed increased by 16% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports continue to indicate a measured expansion. The growth pace was the most rapid in 2019 when imports increased by 157%. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, sunflower seed imports soared to $X in 2022. Overall, imports recorded a strong expansion. The growth pace was the most rapid in 2019 when imports increased by 106% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Argentina (X tons) constituted the largest supplier of sunflower seed to the Philippines, accounting for a 46% share of total imports. Moreover, sunflower seed imports from Argentina exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. India (X tons) ranked third in terms of total imports with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Argentina amounted to +11.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+44.2% per year) and India (-6.1% per year).

In value terms, Argentina ($X) constituted the largest supplier of sunflower seed to the Philippines, comprising 46% of total imports. The second position in the ranking was taken by China ($X), with a 21% share of total imports. It was followed by India, with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Argentina stood at +18.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+44.7% per year) and India (+0.6% per year).

Import Prices by Country

The average sunflower seed import price stood at $X per ton in 2022, with an increase of 7.1% against the previous year. Overall, the import price recorded resilient growth. The most prominent rate of growth was recorded in 2020 an increase of 78%. The import price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Argentina ($X per ton) and India ($X per ton), while the price for Thailand ($X per ton) and Ukraine ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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