Report Update Nov 1, 2024

Singapore - Sunflower Seed - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Singapore: Sunflower Seed Market 2024

Sunflower Seed Market Size in Singapore

The Singaporean sunflower seed market surged to $X in 2022, picking up by 32% 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). In general, consumption showed significant growth. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Sunflower Seed Exports

Exports from Singapore

In 2022, shipments abroad of sunflower seed decreased by -40.8% to X tons, falling for the second year in a row after two years of growth. In general, exports recorded a deep contraction. The most prominent rate of growth was recorded in 2017 with an increase of 256%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, sunflower seed exports contracted significantly to $X in 2022. Over the period under review, exports recorded a abrupt shrinkage. The growth pace was the most rapid in 2017 when exports increased by 256%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Malaysia (X tons) was the main destination for sunflower seed exports from Singapore, with a 70% share of total exports. Moreover, sunflower seed exports to Malaysia exceeded the volume sent to the second major destination, Hong Kong SAR (X tons), ninefold. Fiji (X tons) ranked third in terms of total exports with a 3.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Malaysia stood at -18.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+74.9% per year) and Fiji (0.0% per year).

In value terms, Malaysia ($X) remains the key foreign market for sunflower seed exports from Singapore, comprising 80% of total exports. The second position in the ranking was held by Fiji ($X), with a 4% share of total exports. It was followed by Maldives, with a 3.4% share.

From 2012 to 2022, the average annual growth rate of value to Malaysia totaled -16.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Fiji (0.0% per year) and Maldives (+6.2% per year).

Export Prices by Country

In 2022, the average sunflower seed export price amounted to $X per ton, increasing by 19% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2021 when the average export price increased by 19%. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Hong Kong SAR ($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 Malaysia (+2.6%), while the prices for the other major destinations experienced mixed trend patterns.

Sunflower Seed Imports

Imports into Singapore

In 2022, supplies from abroad of sunflower seed was finally on the rise to reach X tons after two years of decline. Over the period under review, imports saw resilient growth. The growth pace was the most rapid in 2017 when imports increased by 43%. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, sunflower seed imports surged to $X in 2022. Overall, imports saw prominent growth. The most prominent rate of growth was recorded in 2015 when imports increased by 42% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of sunflower seed to Singapore, with a 78% share of total imports. Moreover, sunflower seed imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), sevenfold. Bulgaria (X tons) ranked third in terms of total imports with a 3.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +21.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-4.4% per year) and Bulgaria (+18.7% per year).

In value terms, China ($X) constituted the largest supplier of sunflower seed to Singapore, comprising 85% of total imports. The second position in the ranking was held by the United States ($X), with an 8.6% share of total imports. It was followed by Bulgaria, with a 2.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +28.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-3.4% per year) and Bulgaria (+36.4% per year).

Import Prices by Country

In 2022, the average sunflower seed import price amounted to $X per ton, increasing by 2% against the previous year. Over the last decade, it increased at an average annual rate of +5.2%. The pace of growth appeared the most rapid in 2013 an increase of 30%. The import price peaked in 2022 and is likely to see steady growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sunflower seed in the world?

The countries with the highest volumes of sunflower seed consumption in 2021 were Russia, Ukraine and Argentina, with a combined 59% share of global consumption. These countries were followed by Turkey, China, Romania, Hungary, Bulgaria, Palestine, France, Spain, the United States and Tanzania, which together accounted for a further 28%.

What are the largest producers of sunflower seed in the world?

The countries with the highest volumes of sunflower seed production in 2021 were Russia, Ukraine and Argentina, with a combined 60% share of global production. These countries were followed by Romania, China, Turkey, Bulgaria, Hungary, France, the United States, Tanzania, Kazakhstan and Spain, which together accounted for a further 30%.

What are the leading suppliers of sunflower seed to Singapore?

In value terms, China constituted the largest supplier of sunflower seed to Singapore, comprising 58% of total imports. The second position in the ranking was occupied by Myanmar, with a 21% share of total imports. It was followed by the United States, with an 11% share.

What are the leading importers of sunflower seed from Singapore?

In value terms, Malaysia remains the key foreign market for sunflower seed exports from Singapore, comprising 71% of total exports. The second position in the ranking was occupied by Indonesia, with a 13% share of total exports. It was followed by Cambodia, with a 4% share.

What is the average export price for sunflower seed in Singapore?

In 2021, the average sunflower seed export price amounted to $1,731 per ton, waning by -20.2% against the previous year.

What is the average import price for sunflower seed in Singapore?

The average sunflower seed import price stood at $809 per ton in 2021, shrinking by -50.5% against the previous year.

This report provides an in-depth analysis of the sunflower seed market in Singapore. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 267 - Sunflower seed

Country coverage:

Singapore

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Singapore
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023