Price for Oil Seeds; Sunflower Seeds, Whether or Not Broken in Libya - 2022

Contents:

  1. Price for Oil Seeds; Sunflower Seeds, Whether or Not Broken in Libya (CIF) - 2022
  2. Imports of Oil Seeds; Sunflower Seeds, Whether or Not Broken in Libya

Price for Oil Seeds; Sunflower Seeds, Whether or Not Broken in Libya (CIF) - 2022

The average import price for sunflower seed stood at $1,525 per ton in 2022, picking up by 13% against the previous year. Over the period under review, the import price, however, showed a noticeable downturn. The pace of growth was the most pronounced in 2019 an increase of 26%. The import price peaked at $1,858 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($1,596 per ton), while the price for China ($1,456 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+11.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Imports of Oil Seeds; Sunflower Seeds, Whether or Not Broken in Libya

In 2022, approx. 5.4K tons of sunflower seed were imported into Libya; rising by 38% against the year before. Overall, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +15.7% 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 +54.7% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of sunflower seed skyrocketed to $8.3M in 2022. Over the period under review, imports enjoyed significant growth. 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 Libya (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China3.03.62.83.99.1%
Turkey0.30.82.03.2120.1%
United Arab EmiratesN/AN/A0.31.1266.7%
Argentina0.80.7N/AN/A-12.5%
OthersN/A0.10.2N/A100.0%
Total4.15.25.48.326.5%

Top Suppliers of Oil Seeds; Sunflower Seeds, Whether or Not Broken to Libya in 2022:

  1. China (2.7K tons)
  2. Turkey (2.0K tons)
  3. United Arab Emirates (0.7K tons)

Source: IndexBox Market Intelligence Platform

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