South Africa - Sunflower Seed - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSouth Africa: Sunflower Seed Market 2024
Sunflower Seed Market Size in South Africa
The South African sunflower seed market reached $X in 2022, increasing by 9.7% against the previous year. Over the period under review, the total consumption indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +17.6% against 2019 indices. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.
Sunflower Seed Production in South Africa
In value terms, sunflower seed production reached $X in 2022 estimated in export price. In general, production, however, saw a mild shrinkage. The most prominent rate of growth was recorded in 2015 when the production volume increased by 96%. Sunflower seed production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.
In 2022, the average yield of sunflower seed in South Africa amounted to X tons per ha, picking up by 5.7% against 2021 figures. The yield figure 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 pace of growth was the most pronounced in 2017 when the yield increased by 31% against the previous year. Over the period under review, the average sunflower seed yield hit record highs at X tons per ha in 2020; however, from 2021 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In 2022, the sunflower seed harvested area in South Africa expanded slightly to X ha, surging by 2.4% against the previous year. Overall, the harvested area continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 25% against the previous year. As a result, the harvested area reached the peak level of X ha. From 2017 to 2022, the growth of the sunflower seed harvested area remained at a lower figure.
Sunflower Seed Exports
Exports from South Africa
For the third consecutive year, South Africa recorded growth in overseas shipments of sunflower seed, which increased by 19% to X tons in 2022. Over the period under review, exports posted notable growth. The pace of growth was the most pronounced in 2013 with an increase of 68% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.
In value terms, sunflower seed exports soared to $X in 2022. Overall, exports showed a notable increase. The pace of growth appeared the most rapid in 2017 when exports increased by 116%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.
Exports by Country
Botswana (X tons), Zimbabwe (X tons) and Namibia (X tons) were the main destinations of sunflower seed exports from South Africa, with a combined 79% share of total exports. Kenya, Uganda, Lesotho, Sudan, Pakistan and Swaziland lagged somewhat behind, together accounting for a further 18%.
From 2012 to 2022, the biggest increases were recorded for Uganda (with a CAGR of +124.3%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, Zimbabwe ($X) remains the key foreign market for sunflower seed exports from South Africa, comprising 52% of total exports. The second position in the ranking was held by Kenya ($X), with a 13% share of total exports. It was followed by Pakistan, with an 8.6% share.
From 2012 to 2022, the average annual growth rate of value to Zimbabwe totaled +67.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kenya (-2.8% per year) and Pakistan (-0.5% per year).
Export Prices by Country
The average sunflower seed export price stood at $X per ton in 2022, increasing by 1.5% against the previous year. Overall, the export price, however, showed a slight setback. The growth pace was the most rapid in 2015 when the average export price increased by 150% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Pakistan ($X per ton), while the average price for exports to Botswana ($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 Swaziland (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.
Sunflower Seed Imports
Imports into South Africa
In 2022, overseas purchases of sunflower seed increased by 298% to X tons, rising for the second year in a row after three years of decline. Over the period under review, imports, however, showed a perceptible descent. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.
In value terms, sunflower seed imports soared to $X in 2022. Overall, imports, however, continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2014 when imports increased by 232%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.
Imports by Country
In 2022, Botswana (X tons) was the main sunflower seed supplier to South Africa, with a 91% share of total imports. Moreover, sunflower seed imports from Botswana exceeded the figures recorded by the second-largest supplier, Spain (X tons), more than tenfold. Malawi (X tons) ranked third in terms of total imports with a 2% share.
From 2012 to 2022, the average annual rate of growth in terms of volume from Botswana totaled -3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+1,040.3% per year) and Malawi (-19.8% per year).
In value terms, Botswana ($X) constituted the largest supplier of sunflower seed to South Africa, comprising 74% of total imports. The second position in the ranking was held by Spain ($X), with a 13% share of total imports. It was followed by Bulgaria, with a 3.4% share.
From 2012 to 2022, the average annual growth rate of value from Botswana stood at -5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+947.5% per year) and Bulgaria (-10.9% per year).
Import Prices by Country
The average sunflower seed import price stood at $X per ton in 2022, which is down by -32.6% against the previous year. Overall, the import price recorded a mild slump. The growth pace was the most rapid in 2018 when the average import price increased by 295%. Over the period under review, average import prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Botswana ($X per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malawi (+0.1%), while the prices for the other major suppliers experienced a decline.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the sunflower seed market in South Africa. 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:
- South Africa
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in South Africa
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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