Thailand: Sunflower Seed Market 2025

Sunflower Seed Market Size in Thailand

In 2022, the Thai sunflower seed market decreased by -1.7% to $X for the first time since 2018, thus ending a three-year rising trend. Overall, consumption recorded a perceptible contraction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Sunflower Seed Production in Thailand

In value terms, sunflower seed production shrank slightly to $X in 2022 estimated in export price. In general, production recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 149% against the previous year. Sunflower seed production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

In 2022, the average yield of sunflower seed in Thailand totaled X kg per ha, remaining stable against the year before. Over the period under review, the yield recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the yield increased by 84%. Over the period under review, the average sunflower seed yield reached the peak level at X kg per ha in 2015; however, from 2016 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of sunflower seed in Thailand stood at X ha, approximately mirroring the year before. In general, the harvested area continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 31% against the previous year. The sunflower seed harvested area peaked in 2022 and is expected to retain growth in the near future.

Sunflower Seed Exports

Exports from Thailand

In 2022, shipments abroad of sunflower seed decreased by -11.6% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 203%. Over the period under review, the exports hit record highs at X tons in 2021, and then dropped in the following year.

In value terms, sunflower seed exports dropped to $X in 2022. In general, exports, however, posted a remarkable increase. The pace of growth appeared the most rapid in 2016 when exports increased by 398%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The Philippines (X tons) was the main destination for sunflower seed exports from Thailand, accounting for a 91% share of total exports. Moreover, sunflower seed exports to the Philippines exceeded the volume sent to the second major destination, Singapore (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Philippines stood at +55.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+45.8% per year) and Myanmar (-8.1% per year).

In value terms, the Philippines ($X) remains the key foreign market for sunflower seed exports from Thailand, comprising 70% of total exports. The second position in the ranking was held by Myanmar ($X), with a 20% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the Philippines amounted to +47.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Myanmar (-0.3% per year) and Singapore (+19.2% per year).

Export Prices by Country

The average sunflower seed export price stood at $X per ton in 2022, rising by 2.6% against the previous year. Overall, the export price, however, continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2016 an increase of 64%. The export price peaked at $X per ton in 2012; however, from 2013 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 Myanmar ($X per ton), while the average price for exports to the Philippines ($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 Myanmar (+8.5%), while the prices for the other major destinations experienced a decline.

Sunflower Seed Imports

Imports into Thailand

After three years of growth, supplies from abroad of sunflower seed decreased by -4.7% to X tons in 2022. In general, imports, however, showed a prominent increase. The growth pace was the most rapid in 2019 when imports increased by 59%. Imports peaked at X tons in 2021, and then declined slightly in the following year.

In value terms, sunflower seed imports reached $X in 2022. Over the period under review, imports, however, continue to indicate a prominent expansion. The growth pace was the most rapid in 2020 with an increase of 63% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X tons) was the main supplier of sunflower seed to Thailand, with a 95% share of total imports. It was followed by Argentina (X tons), with a 1.6% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +7.6%.

In value terms, China ($X) constituted the largest supplier of sunflower seed to Thailand, comprising 96% of total imports. The second position in the ranking was taken by Argentina ($X), with a 1.6% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled +12.0%.

Import Prices by Country

The average sunflower seed import price stood at $X per ton in 2022, increasing by 9.9% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. The pace of growth was the most pronounced in 2014 when the average import price increased by 23% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Argentina totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.1%).

Source: IndexBox Platform

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