Price for Oil Seeds; Sunflower Seeds, Whether or Not Broken in China - 2023
Contents:
- Price for Oil Seeds; Sunflower Seeds, Whether or Not Broken in China (FOB) - 2023
- Price for Oil Seeds; Sunflower Seeds, Whether or Not Broken in China (CIF) - 2023
- Exports of Oil Seeds; Sunflower Seeds, Whether or Not Broken in China
- Imports of Oil Seeds; Sunflower Seeds, Whether or Not Broken in China
Price for Oil Seeds; Sunflower Seeds, Whether or Not Broken in China (FOB) - 2023
The average export price for sunflower seed stood at $1,669 per ton in December 2023, approximately equating the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 when the average export price increased by 6.9% m-o-m. The export price peaked at $2,057 per ton in August 2023; however, from September 2023 to December 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In December 2023, the country with the highest price was Spain ($2,100 per ton), while the average price for exports to Indonesia ($1,326 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+1.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Oil Seeds; Sunflower Seeds, Whether or Not Broken in China (CIF) - 2023
The average import price for sunflower seed stood at $706 per ton in December 2023, surging by 6.1% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.7%. The pace of growth was the most pronounced in April 2023 an increase of 25% against the previous month. Over the period under review, average import prices reached the peak figure at $932 per ton in May 2023; however, from June 2023 to December 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Bulgaria ($865 per ton), while the price for Kazakhstan ($498 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Kazakhstan (+0.4%), while the prices for the other major suppliers experienced a decline.
Exports of Oil Seeds; Sunflower Seeds, Whether or Not Broken in China
In 2022, the amount of sunflower seed exported from China was estimated at 445K tons, increasing by 4.3% compared with the year before. Overall, exports, however, saw a pronounced setback. The growth pace was the most rapid in 2020 when exports increased by 5.8%. As a result, the exports attained the peak of 508K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of sunflower seed soared to $679M in 2022. The total export value increased at an average annual rate of +3.0% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Oil Seeds; Sunflower Seeds, Whether or Not Broken in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iran | 55.6 | 35.6 | 41.5 | 82.7 | 14.2% |
| Iraq | 51.2 | 77.3 | 74.0 | 81.6 | 16.8% |
| United Arab Emirates | 42.4 | 21.0 | 30.3 | 72.0 | 19.3% |
| Russia | 3.8 | 12.6 | 25.1 | 64.2 | 156.6% |
| Vietnam | 51.6 | 30.6 | 29.1 | 50.6 | -0.7% |
| Spain | 24.4 | 48.9 | 56.5 | 49.4 | 26.5% |
| Egypt | 107 | 107 | 78.4 | 42.2 | -26.7% |
| Uzbekistan | 6.8 | 23.4 | 22.7 | 33.2 | 69.6% |
| Turkey | 149 | 136 | 95.2 | 28.6 | -42.3% |
| Thailand | 10.9 | 16.4 | 18.7 | 20.1 | 22.6% |
| Saudi Arabia | 21.8 | 15.5 | 12.2 | 17.9 | -6.4% |
| Indonesia | 14.9 | 14.9 | 6.6 | 15.7 | 1.8% |
| Jordan | 11.0 | 15.1 | 11.0 | 13.1 | 6.0% |
| Others | 71.0 | 93.0 | 84.1 | 108 | 15.0% |
| Total | 621 | 648 | 585 | 679 | 3.0% |
Top Export Markets for Oil Seeds; Sunflower Seeds, Whether or Not Broken from China in 2022:
- Iran (60.6K tons)
- Iraq (54.1K tons)
- United Arab Emirates (52.3K tons)
- Russia (49.7K tons)
- Vietnam (29.6K tons)
- Spain (24.7K tons)
- Egypt (24.5K tons)
- Uzbekistan (22.0K tons)
- Turkey (19.4K tons)
- Thailand (13.5K tons)
- Indonesia (10.8K tons)
- Saudi Arabia (10.7K tons)
- Jordan (8.9K tons)
Imports of Oil Seeds; Sunflower Seeds, Whether or Not Broken in China
For the fourth year in a row, China recorded growth in overseas purchases of sunflower seed, which increased by 15% to 1.9M tons in 2022. In general, imports posted significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 76%. Over the period under review, imports of reached the maximum in 2022 and are likely to see gradual growth in years to come.
In value terms, imports of sunflower seed skyrocketed to $118M in 2022. Over the period under review, total imports indicated a measured increase from 2019 to 2022: its value increased at an average annual rate of +2.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +48.0% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Oil Seeds; Sunflower Seeds, Whether or Not Broken in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bulgaria | 14.3 | 21.3 | 32.7 | 31.5 | 30.1% |
| Russia | 11.6 | 15.0 | 12.9 | 1.9 | -45.3% |
| Others | 84.2 | 43.1 | 36.3 | 84.2 | 0.0% |
| Total | 110 | 79.5 | 81.9 | 118 | 2.4% |
Top Suppliers of Oil Seeds; Sunflower Seeds, Whether or Not Broken to China in 2022:
- Bulgaria (1845.3K tons)
- Russia (5.7K tons)
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This report provides an in-depth analysis of the sunflower seed market in China.
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This report provides an in-depth analysis of the global sunflower seed market.
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This report provides an in-depth analysis of the sunflower seed market in China.
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This report provides an in-depth analysis of the global sunflower seed market.
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During the review period, Sunflower Seed exports reached a peak of 508K tons in 2020 but failed to regain momentum from 2021 to 2023. The value of these exports soared to $828M in 2023.
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Exports of Sunflower Seed decreased significantly to $39M in June 2023 in terms of value.
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Global sunflower seed market is projected to experience significant growth in consumption and value over the next seven years, with an anticipated CAGR of +3.8% and +5.1% respectively. The market volume is forecasted to reach 73M tons, with a value of $72B by the end of 2030.
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Explore the top import markets for sunflower seeds, including Bulgaria, Turkey, Netherlands, Romania, and Hungary. Discover the import values and market dynamics of these countries in the global sunflower seed industry.
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This year, sunflower seed prices are forecast to remain stable due to record global production, which is to reach the highest level of 57.3M tons.
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Global sunflower seed consumption amounted to X thousand tons in 2015, coming up by +X% against the previous year level.
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Global sunflower seed exports amounted to X thousand tons in 2015, descending by -X% against the previous year level.
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In 2015, the countries with the highest levels of sunflower seed production were Ukraine (X thousand tons), Russia (X thousand tons), Romania (X thousand tons), together accounting for X% of total output.
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The global sunflower seed market had total revenues of X billion USD in 2013, representing a compound annual growth rate (CAGR) of X% between 2007 and 2013.
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Recently, thanks to Takii & Company, LTD (Takii Seed), Van Gogh's famous sunflowers came to life as a bright and radiant maze at Museumplein in Amsterdam, the Netherlands. The company is a sponsor of the Van Gogh Museum in Amsterdam, and became, in
