Global Sunflower Seed Market 2024

Sunflower Seed Market Size

In 2022, the global sunflower seed market increased by 1.1% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +2.5% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. Over the period under review, the global market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Sunflower Seed Production

In value terms, sunflower seed production stood at $X in 2022 estimated in export price. Over the period under review, production, however, recorded a slight expansion. The most prominent rate of growth was recorded in 2017 with an increase of 23%. Over the period under review, global production hit record highs at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

The countries with the highest volumes of production in 2022 were Ukraine (X tons), Russia (X tons) and Argentina (X tons), together accounting for 60% of global production. China, Romania, Turkey, Bulgaria, France, Hungary, the United States, Tanzania, Kazakhstan and Spain lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by Kazakhstan (with a CAGR of +8.9%), while production for the other global leaders experienced more modest paces of growth.

In 2022, the global average yield of sunflower seed contracted to X tons per ha, waning by -3.6% compared with the previous year. The yield figure increased at an average annual rate of +2.7% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 18%. The global yield peaked at X tons per ha in 2019; however, from 2020 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 worldwide dropped to X ha, with a decrease of -3.1% compared with 2021 figures. The harvested area increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2016 with an increase of 7.3% against the previous year. The global harvested area peaked at X ha in 2021, and then reduced slightly in the following year.

Sunflower Seed Exports

Exports

In 2022, overseas shipments of sunflower seed were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, total exports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, sunflower seed exports surged to $X in 2022. Over the period under review, total exports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +117.8% against 2015 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Ukraine (X tons) represented the key exporter of sunflower seed, constituting 34% of total exports. It was distantly followed by Romania (X tons), Bulgaria (X tons), France (X tons), China (X tons) and Moldova (X tons), together comprising a 45% share of total exports. Kazakhstan (X tons), Hungary (X tons), Slovakia (X tons) and Argentina (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Ukraine (with a CAGR of +25.6%), while the other global leaders experienced more modest paces of growth.

In value terms, the largest sunflower seed supplying countries worldwide were Ukraine ($X), Romania ($X) and Bulgaria ($X), with a combined 47% share of global exports.

Among the main exporting countries, Ukraine, with a CAGR of +22.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average sunflower seed export price amounted to $X per ton, with a decrease of -12.4% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 37%. As a result, the export price reached the peak level of $X per ton, and then declined in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+5.0%), while the other global leaders experienced more modest paces of growth.

Sunflower Seed Imports

Imports

In 2022, global sunflower seed imports soared to X tons, increasing by 42% on 2021 figures. Over the period under review, imports continue to indicate strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, sunflower seed imports skyrocketed to $X in 2022. In general, total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +7.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +126.0% against 2015 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons) and Bulgaria (X tons) represented the key importers of sunflower seed in 2022, resulting at approx. 19% and 14% of total imports, respectively. Turkey (X tons) ranks next in terms of the total imports with an 8.6% share, followed by Hungary (7.5%), Romania (6.8%), the Netherlands (6.6%) and Spain (5.9%). Germany (X tons), Portugal (X tons), the Czech Republic (X tons), Austria (X tons), France (X tons) and Kazakhstan (X tons) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +90.3%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, Bulgaria ($X), Turkey ($X) and the Netherlands ($X) constituted the countries with the highest levels of imports in 2022, together comprising 30% of global imports.

Bulgaria, with a CAGR of +34.1%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average sunflower seed import price stood at $X per ton in 2022, rising by 3% against the previous year. Over the period under review, the import price, however, continues to indicate a slight decline. The pace of growth appeared the most rapid in 2021 an increase of 13% against the previous year. Global import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.1%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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