Macedonia: Sunflower Seed Market 2020

Sunflower Seed Market Size in Macedonia

The revenue of the sunflower seed market in Macedonia amounted to $X in 2018, jumping by X% 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). Over the period under review, sunflower seed consumption continues to indicate a measured expansion. The growth pace was the most rapid in 2014 when the market value increased by X% y-o-y. Sunflower seed consumption peaked at $X in 2016; however, from 2017 to 2018, consumption stood at a somewhat lower figure.

Sunflower Seed Exports

Exports from Macedonia

In 2018, approx. X tons of sunflower seed were exported from Macedonia; waning by -X% against the previous year. In general, sunflower seed exports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2009 with an increase of X% y-o-y. Over the period under review, sunflower seed exports attained their maximum at X tons in 2011; however, from 2012 to 2018, exports remained at a lower figure.

In value terms, sunflower seed exports totaled $X in 2018. Over the period under review, sunflower seed exports, however, continue to indicate a temperate increase. The pace of growth appeared the most rapid in 2010 with an increase of X% year-to-year. Over the period under review, sunflower seed exports reached their maximum at $X in 2011; however, from 2012 to 2018, exports failed to regain their momentum.

Exports by Country

Serbia (X tons), Bulgaria (X tons) and Bosnia and Herzegovina (X tons) were the main destinations of sunflower seed exports from Macedonia, with a combined X% share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Bosnia and Herzegovina (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sunflower seed exported from Macedonia were Serbia ($X), Bulgaria ($X) and Bosnia and Herzegovina ($X), with a combined X% share of total exports.

Among the main countries of destination, Bosnia and Herzegovina recorded the highest rates of growth with regard to market size, over the period under review, while exports for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average sunflower seed export price stood at $X per ton in 2018, reducing by -X% against the previous year. Overall, the sunflower seed export price continues to indicate a deep slump. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% against the previous year. Over the period under review, the average export prices for sunflower seed attained their maximum at $X per ton in 2007; however, from 2008 to 2018, export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Turkey ($X per ton), while the average price for exports to Bosnia and Herzegovina ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Turkey, while the prices for the other major destinations experienced a decline.

Sunflower Seed Imports

Imports into Macedonia

Sunflower seed imports into Macedonia totaled X tons in 2018, jumping by X% against the previous year. In general, sunflower seed imports continue to indicate extraordinary growth. The pace of growth was the most pronounced in 2008 when imports increased by X% against the previous year. Imports peaked in 2018 and are likely to see steady growth in the near future.

In value terms, sunflower seed imports stood at $X in 2018. In general, sunflower seed imports continue to indicate prominent growth. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. Over the period under review, sunflower seed imports attained their peak figure at $X in 2016; however, from 2017 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, Bulgaria (X tons) constituted the largest sunflower seed supplier to Macedonia, accounting for a X% share of total imports. Moreover, sunflower seed imports from Bulgaria exceeded the figures recorded by the second-largest supplier, Serbia (X tons), eightfold.

From 2007 to 2018, the average annual rate of growth in terms of volume from Bulgaria amounted to +X%.

In value terms, Bulgaria ($X) constituted the largest supplier of sunflower seed to Macedonia, comprising X% of total sunflower seed imports. The second position in the ranking was occupied by Serbia ($X), with a X% share of total imports.

From 2007 to 2018, the average annual rate of growth in terms of value from Bulgaria totaled +X%.

Import Prices by Country

The average sunflower seed import price stood at $X per ton in 2018, going down by -X% against the previous year. In general, the sunflower seed import price continues to indicate a drastic downturn. The growth pace was the most rapid in 2011 an increase of X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2018, import prices failed to regain their momentum.

Average prices varied noticeably amongst the major supplying countries. In 2018, the country with the highest price was Serbia ($X per ton), while the price for Bulgaria stood at $X per ton.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Bulgaria.

Source: IndexBox Platform