Southern Asia: Sunflower Seed Market 2024

Sunflower Seed Market Size in Southern Asia

In 2022, the South Asian sunflower seed market was finally on the rise to reach $X after three years of decline. Overall, consumption, however, recorded a abrupt decline. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Sunflower Seed Production in Southern Asia

In value terms, sunflower seed production reduced slightly to $X in 2022 estimated in export price. Over the period under review, production, however, faced a abrupt curtailment. The pace of growth appeared the most rapid in 2018 when the production volume increased by 24% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

The countries with the highest volumes of production in 2022 were India (X tons) and Pakistan (X tons).

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Pakistan (with a CAGR of -8.3%).

In 2022, the average yield of sunflower seed in Southern Asia stood at X tons per ha, surging by 4.4% on the previous year's figure. The yield indicated a noticeable increase from 2012 to 2022: its figure increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sunflower seed yield decreased by -3.9% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 26% against the previous year. Over the period under review, the sunflower seed yield reached the peak level at X tons per ha in 2020; afterwards, it flattened through to 2022. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The sunflower seed harvested area expanded to X ha in 2022, with an increase of 1.9% on the previous year's figure. Overall, the harvested area, however, saw a abrupt downturn. Over the period under review, the harvested area dedicated to sunflower seed production reached the peak figure at X ha in 2012; however, from 2013 to 2022, the harvested area remained at a lower figure.

Sunflower Seed Exports

Exports in Southern Asia

Sunflower seed exports contracted to X tons in 2022, shrinking by -11.9% compared with the year before. Over the period under review, exports saw a abrupt slump. The most prominent rate of growth was recorded in 2017 when exports increased by 90%. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, sunflower seed exports contracted markedly to $X in 2022. In general, exports showed a deep slump. The growth pace was the most rapid in 2017 with an increase of 79% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The shipments of the one major exporters of sunflower seed, namely India, represented more than two-thirds of total export.

India was also the fastest-growing in terms of the sunflower seed exports, with a CAGR of -10.7% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest sunflower seed supplier in Southern Asia.

In India, sunflower seed exports shrank by an average annual rate of -14.6% over the period from 2012-2022.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, falling by -6% against the previous year. Overall, the export price saw a pronounced decline. The growth pace was the most rapid in 2021 an increase of 34%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for India amounted to -4.3% per year.

Sunflower Seed Imports

Imports in Southern Asia

In 2022, purchases abroad of sunflower seed was finally on the rise to reach X tons after two years of decline. Overall, imports, however, saw a deep reduction. The pace of growth was the most pronounced in 2016 when imports increased by 72%. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, sunflower seed imports skyrocketed to $X in 2022. Over the period under review, imports, however, continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2013 when imports increased by 139%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Pakistan (X tons) was the key importer of sunflower seed, comprising 54% of total imports. Afghanistan (X tons) held the second position in the ranking, distantly followed by India (X tons). All these countries together took approx. 45% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Afghanistan (with a CAGR of +41.9%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Afghanistan ($X), Pakistan ($X) and India ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 98% share of total imports.

Afghanistan, with a CAGR of +46.9%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, which is down by -23.5% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the import price increased by 73%. Over the period under review, import prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Afghanistan ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Afghanistan (+3.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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