Sri Lanka: Sunflower Seed Market 2025

Sunflower Seed Market Size in Sri Lanka

In 2022, the Sri Lankan sunflower seed market decreased by -28.5% to $X for the first time since 2017, thus ending a four-year rising trend. In general, consumption, however, saw a strong increase. Sunflower seed consumption peaked at $X in 2021, and then dropped sharply in the following year.

Sunflower Seed Production in Sri Lanka

In value terms, sunflower seed production fell slightly to $X in 2022 estimated in export price. Overall, the total production indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by +0.6% against 2020 indices. The pace of growth appeared the most rapid in 2013 with an increase of 34%. Sunflower seed production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

In 2022, the average sunflower seed yield in Sri Lanka was estimated at less than X kg per ha, remaining relatively unchanged against the year before. Overall, the yield saw a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. less than X ha of sunflower seed were harvested in Sri Lanka; stabilizing at the year before. In general, the harvested area showed a relatively flat trend pattern.

Sunflower Seed Exports

Exports from Sri Lanka

In 2022, the amount of sunflower seed exported from Sri Lanka soared to X tons, jumping by 612% against 2021. Over the period under review, exports, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2017 with an increase of 4,249% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, sunflower seed exports skyrocketed to $X in 2022. Overall, exports, however, continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2017 with an increase of 2,450% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Maldives (X kg) and the Netherlands (X kg) were the main destinations of sunflower seed exports from Sri Lanka.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of 0.0%).

In value terms, Maldives ($X) remains the key foreign market for sunflower seed exports from Sri Lanka, comprising 52% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 24% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Maldives amounted to -14.7%.

Export Prices by Country

In 2022, the average sunflower seed export price amounted to $X per ton, dropping by -37.6% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 819%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Maldives ($X per ton), while the average price for exports to the Netherlands amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Maldives (+2.9%).

Sunflower Seed Imports

Imports into Sri Lanka

In 2022, after four years of growth, there was significant decline in supplies from abroad of sunflower seed, when their volume decreased by -53.1% to X tons. Overall, imports, however, showed significant growth. The pace of growth was the most pronounced in 2015 with an increase of 828% against the previous year. Imports peaked at X tons in 2021, and then fell rapidly in the following year.

In value terms, sunflower seed imports declined sharply to $X in 2022. In general, imports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2015 with an increase of 734% against the previous year. Imports peaked at $X in 2021, and then fell markedly in the following year.

Imports by Country

In 2022, India (X tons) constituted the largest sunflower seed supplier to Sri Lanka, accounting for a 63% share of total imports. Moreover, sunflower seed imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume from India totaled +92.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+67.6% per year) and the United Arab Emirates (+119.4% per year).

In value terms, India ($X) constituted the largest supplier of sunflower seed to Sri Lanka, comprising 67% of total imports. The second position in the ranking was held by China ($X), with a 28% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from India totaled +128.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+64.7% per year) and the United Arab Emirates (+111.7% per year).

Import Prices by Country

The average sunflower seed import price stood at $X per ton in 2022, jumping by 23% against the previous year. Overall, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 an increase of 75% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+59.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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