Venezuela: Sunflower Seed Market 2025

Sunflower Seed Market Size in Venezuela

The Venezuelan sunflower seed market surged to $X in 2022, jumping by 48% against the previous year. Over the period under review, consumption, however, continues to indicate a precipitous decline. Sunflower seed consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Sunflower Seed Production in Venezuela

In value terms, sunflower seed production soared to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a sharp contraction. The pace of growth appeared the most rapid in 2020 when the production volume increased by 341%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

In 2022, the average yield of sunflower seed in Venezuela expanded significantly to X kg per ha, picking up by 12% compared with 2021. In general, the yield, however, continues to indicate a perceptible setback. The most prominent rate of growth was recorded in 2020 with an increase of 476%. Over the period under review, the average sunflower seed yield attained the peak level at X kg per ha in 2015; however, from 2016 to 2022, the yield remained at a 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 total area harvested in terms of sunflower seed production in Venezuela soared to X ha, picking up by 50% on the previous year's figure. In general, the harvested area, however, continues to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2016 with an increase of 166%. Over the period under review, the harvested area dedicated to sunflower seed production attained the peak figure at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

Sunflower Seed Exports

Exports from Venezuela

In 2022, after eight years of growth, there was significant decline in shipments abroad of sunflower seed, when their volume decreased by -8.3% to X tons. In general, exports recorded a abrupt slump. The pace of growth appeared the most rapid in 2020 when exports increased by 20%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, sunflower seed exports reduced to $X in 2022. Overall, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2017 with an increase of 20% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Aruba (X tons) was the main destination for sunflower seed exports from Venezuela, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Aruba amounted to -6.0%.

In value terms, Aruba ($X) also remains the key foreign market for sunflower seed exports from Venezuela.

From 2012 to 2022, the average annual growth rate of value to Aruba amounted to -6.8%.

Export Prices by Country

The average sunflower seed export price stood at $X per ton in 2022, almost unchanged from the previous year. In general, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of less than 0.1% against the previous year. Over the period under review, the average export prices reached the peak figure 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 Aruba.

From 2012 to 2022, the rate of growth in terms of prices for Aruba amounted to -0.9% per year.

Sunflower Seed Imports

Imports into Venezuela

In 2022, approx. X tons of sunflower seed were imported into Venezuela; waning by -16.9% against 2021. In general, imports continue to indicate a precipitous contraction. The pace of growth was the most pronounced in 2018 with an increase of 427% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, sunflower seed imports reduced remarkably to $X in 2022. Over the period under review, imports continue to indicate a dramatic setback. The pace of growth was the most pronounced in 2018 with an increase of 1,192%. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Israel (X tons) constituted the largest sunflower seed supplier to Venezuela, with a 60% share of total imports. Moreover, sunflower seed imports from Israel exceeded the figures recorded by the second-largest supplier, Argentina (X tons), twofold. The third position in this ranking was taken by Canada (X tons), with a 5.2% share.

From 2012 to 2022, the average annual growth rate of volume from Israel totaled -11.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (-43.8% per year) and Canada (-43.4% per year).

In value terms, the largest sunflower seed suppliers to Venezuela were Argentina ($X), Israel ($X) and Bolivia ($X), together accounting for 98% of total imports.

In terms of the main suppliers, Israel, with a CAGR of -11.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average sunflower seed import price stood at $X per ton in 2022, picking up by 1.6% against the previous year. Over the period under review, the import price saw a tangible increase. The growth pace was the most rapid in 2018 an increase of 145% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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