Moldova: Sunflower Seed Market 2020

Sunflower Seed Market Size in Moldova

The revenue of the sunflower seed market in Moldova amounted to $X in 2018, rising by X% against the previous year. Overall, sunflower seed consumption continues to indicate prominent growth. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Over the period under review, the sunflower seed market attained its maximum level in 2018 and is likely to see steady growth in the immediate term.

Sunflower Seed Production in Moldova

In value terms, sunflower seed production totaled $X in 2018 estimated in export prices. In general, sunflower seed production continues to indicate a remarkable increase. The growth pace was the most rapid in 2008 when production volume increased by X% year-to-year. Sunflower seed production peaked in 2018 and is likely to see steady growth in the immediate term.

In 2018, the average sunflower seed yield in Moldova totaled X ton per ha, growing by X% against the previous year. In general, the sunflower seed yield continues to indicate buoyant growth. The growth pace was the most rapid in 2008 when yield increased by X% y-o-y. Over the period under review, the average sunflower seed yield reached its maximum level in 2018 and is expected to retain its growth in the near future. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, approx. X ha of sunflower seed were harvested in Moldova; increasing by X% against the previous year. In general, the total harvested area indicated remarkable growth from 2007 to 2018: its figure increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, sunflower seed harvested area increased by +X% against 2007 indices. The growth pace was the most rapid in 2014 when harvested area increased by X% against the previous year. Sunflower seed harvested area peaked in 2018 and is likely to continue its growth in the near future.

Sunflower Seed Exports

Exports from Moldova

In 2018, the amount of sunflower seed exported from Moldova totaled X tons, standing approx. at the previous year. Over the period under review, sunflower seed exports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. Exports peaked in 2018 and are expected to retain its growth in the immediate term.

In value terms, sunflower seed exports amounted to $X in 2018. In general, sunflower seed exports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2009 when exports increased by X% y-o-y. Exports peaked in 2018 and are likely to continue its growth in the near future.

Exports by Country

Turkey (X tons) was the main destination for sunflower seed exports from Moldova, accounting for a X% share of total exports. Moreover, sunflower seed exports to Turkey exceeded the volume sent to the second major destination, the UK (X tons), twofold. Romania (X tons) ranked third in terms of total exports with a X% share.

From 2007 to 2018, the average annual growth rate of volume to Turkey totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+X% per year) and Romania (+X% per year).

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

From 2007 to 2018, the average annual growth rate of value to Turkey totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+X% per year) and Romania (+X% per year).

Export Prices by Country

In 2018, the average sunflower seed export price amounted to $X per ton, stabilizing at the previous year. Over the period under review, the export price indicated a slight increase from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, sunflower seed export price decreased by -X% against 2012 indices. The pace of growth appeared the most rapid in 2008 when the average export price increased by X% against the previous year. Over the period under review, the average export prices for sunflower seed reached their peak figure at $X per ton in 2012; however, from 2013 to 2018, export prices failed to regain their momentum.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Poland ($X per ton), while the average price for exports to Ukraine ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Turkey, while the prices for the other major destinations experienced a decline.

Sunflower Seed Imports

Imports into Moldova

In 2018, approx. X tons of sunflower seed were imported into Moldova; lowering by -X% against the previous year. Over the period under review, sunflower seed imports continue to indicate an abrupt setback. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Imports peaked at X tons in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

In value terms, sunflower seed imports stood at $X in 2018. In general, sunflower seed imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Over the period under review, sunflower seed imports attained their peak figure in 2018 and are expected to retain its growth in the immediate term.

Imports by Country

Romania (X tons), Turkey (X tons) and France (X tons) were the main suppliers of sunflower seed imports to Moldova, together accounting for X% of total imports. Ukraine, Bulgaria, Spain, Hungary, Serbia and Russia lagged somewhat behind, together comprising a further X 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Bulgaria, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest sunflower seed suppliers to Moldova were Romania ($X), France ($X) and Hungary ($X), with a combined X% share of total imports.

Romania experienced the highest growth rate of market size, in terms of the main suppliers over the period under review, while imports for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the average sunflower seed import price amounted to $X per ton, increasing by X% against the previous year. In general, the sunflower seed import price continues to indicate a strong expansion. The growth pace was the most rapid in 2008 when the average import price increased by X% year-to-year. Over the period under review, the average import prices for sunflower seed reached their maximum in 2018 and is likely to continue its growth in the near future.

Prices varied noticeably by the country of origin; the country with the highest price was France ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Romania, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform