United Kingdom: Sunflower Seed Market 2024

Sunflower Seed Market Size in the UK

The UK sunflower seed market soared to $X in 2022, jumping by 64% 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, consumption showed a prominent expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Sunflower Seed Exports

Exports from the UK

After five years of growth, shipments abroad of sunflower seed decreased by -83.5% to X tons in 2022. Overall, exports continue to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2020 with an increase of 488% against the previous year. The exports peaked at X tons in 2021, and then reduced remarkably in the following year.

In value terms, sunflower seed exports shrank sharply to $X in 2022. In general, exports, however, enjoyed a pronounced increase. The most prominent rate of growth was recorded in 2020 when exports increased by 476% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then fell remarkably in the following year.

Exports by Country

The Netherlands (X tons) was the main destination for sunflower seed exports from the UK, accounting for a 40% share of total exports. Moreover, sunflower seed exports to the Netherlands exceeded the volume sent to the second major destination, France (X tons), twofold. The third position in this ranking was taken by Ireland (X tons), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands amounted to +17.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-1.7% per year) and Ireland (-1.9% per year).

In value terms, Australia ($X) emerged as the key foreign market for sunflower seed exports from the UK, comprising 59% of total exports. The second position in the ranking was held by the Netherlands ($X), with an 11% share of total exports. It was followed by Ireland, with a 9.4% share.

From 2012 to 2022, the average annual growth rate of value to Australia totaled +95.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+13.9% per year) and Ireland (-1.9% per year).

Export Prices by Country

The average sunflower seed export price stood at $X per ton in 2022, picking up by 98% against the previous year. Over the period under review, export price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +7.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to France ($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 Australia (+20.7%), while the prices for the other major destinations experienced more modest paces of growth.

Sunflower Seed Imports

Imports into the UK

In 2022, the amount of sunflower seed imported into the UK skyrocketed to X tons, with an increase of 20% on the previous year. Overall, imports saw buoyant growth. The growth pace was the most rapid in 2020 with an increase of 60%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, sunflower seed imports soared to $X in 2022. In general, imports enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 69% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, Bulgaria (X tons) constituted the largest sunflower seed supplier to the UK, with a 73% share of total imports. Moreover, sunflower seed imports from Bulgaria exceeded the figures recorded by the second-largest supplier, France (X tons), fourfold. The third position in this ranking was held by China (X tons), with a 2.4% share.

From 2012 to 2022, the average annual growth rate of volume from Bulgaria totaled +19.9%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+2.0% per year) and China (-9.6% per year).

In value terms, Bulgaria ($X) constituted the largest supplier of sunflower seed to the UK, comprising 76% of total imports. The second position in the ranking was held by France ($X), with a 9.6% share of total imports. It was followed by China, with a 4.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Bulgaria stood at +20.0%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+1.7% per year) and China (-7.5% per year).

Import Prices by Country

In 2022, the average sunflower seed import price amounted to $X per ton, surging by 24% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2013; afterwards, it flattened through to 2022.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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