World - Sunflower Seed - Market Analysis, Forecast, Size, Trends and Insights
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The article provides a comprehensive analysis of the global sunflower seed market, with insights into consumption, production, imports, exports, and prices from 2012 to 2022. The market is expected to continue its upward trend, with forecasts indicating a CAGR of +3.9% in consumption and +4.9% in value from 2022 to 2030. Key countries driving market growth include Russia, Ukraine, and Argentina. The report also highlights trends in per capita consumption, production volumes, harvested areas, and import and export dynamics. Overall, the sunflower seed market is projected to expand significantly in the coming years, presenting opportunities for producers, importers, and exporters.
Market Forecast
Driven by increasing demand for sunflower seed worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +3.9% for the period from 2022 to 2030, which is projected to bring the market volume to 73M tons by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +4.9% for the period from 2022 to 2030, which is projected to bring the market value to $72B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Sunflower Seed
In 2022, global consumption of sunflower seed dropped to 54M tons, declining by -7.5% compared with 2021. The total consumption volume increased at an average annual rate of +4.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, global consumption attained the maximum volume at 58M tons in 2021, and then shrank in the following year.
The global sunflower seed market revenue dropped to $49.2B in 2022, waning by -5.1% 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). The market value increased at an average annual rate of +2.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $51.9B, and then fell in the following year.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were Russia (16M tons), Ukraine (8.6M tons) and Argentina (3.9M tons), together accounting for 53% of global consumption. Turkey, Bulgaria, China, Hungary, Spain, the United States, France, Romania, Tanzania and Kazakhstan lagged somewhat behind, together accounting for a further 33%.
From 2012 to 2022, the biggest increases were recorded for Bulgaria (with a CAGR of +15.9%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, Russia ($8.8B), Turkey ($5.9B) and Ukraine ($4.4B) were the countries with the highest levels of market value in 2022, together comprising 39% of the global market. The United States, Spain, China, Argentina, Bulgaria, Hungary, France, Tanzania, Romania and Kazakhstan lagged somewhat behind, together accounting for a further 41%.
Among the main consuming countries, Bulgaria, with a CAGR of +16.2%, recorded the highest rates of growth with regard to market size over the period under review, while market for the other global leaders experienced more modest paces of growth.
In 2022, the highest levels of sunflower seed per capita consumption was registered in Bulgaria (413 kg per person), followed by Ukraine (197 kg per person), Hungary (181 kg per person) and Russia (112 kg per person), while the world average per capita consumption of sunflower seed was estimated at 6.8 kg per person.
In Bulgaria, sunflower seed per capita consumption increased at an average annual rate of +16.6% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: Ukraine (+1.0% per year) and Hungary (+8.7% per year).
Production
World Production of Sunflower Seed
In 2022, approx. 54M tons of sunflower seed were produced worldwide; declining by -6.3% against the previous year. The total output volume increased at an average annual rate of +4.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when the production volume increased by 20% against the previous year. Over the period under review, global production reached the maximum volume at 58M tons in 2021, and then reduced in the following year. The general positive trend in terms output was largely conditioned by a moderate increase of the harvested area and notable growth in yield figures.
In value terms, sunflower seed production contracted to $45.4B in 2022 estimated in export price. The total output value increased at an average annual rate of +2.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when the production volume increased by 38% against the previous year. As a result, production attained the peak level of $52.6B, and then contracted in the following year.
Production By Country
The countries with the highest volumes of production in 2022 were Russia (16M tons), Ukraine (11M tons) and Argentina (4.1M tons), together comprising 58% of global production. China, Turkey, Bulgaria, Romania, France, Kazakhstan, Hungary, the United States, Tanzania and South Africa lagged somewhat behind, together accounting for a further 32%.
From 2012 to 2022, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Kazakhstan (with a CAGR of +12.5%), while production for the other global leaders experienced more modest paces of growth.
Yield
The global average sunflower seed yield declined to 1.9 tons per ha in 2022, dropping by -5.8% against 2021 figures. The yield figure increased at an average annual rate of +2.4% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 18%. The global yield peaked at 2.1 tons per ha in 2019; however, from 2020 to 2022, the yield remained at a lower figure.
Harvested Area
In 2022, the global sunflower seed harvested area fell to 29M ha, approximately reflecting 2021. The harvested area increased at an average annual rate of +1.6% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2016 when the harvested area increased by 7.3% against the previous year. Over the period under review, the harvested area dedicated to sunflower seed production attained the peak figure at 29M ha in 2021, and then contracted in the following year.
Imports
World Imports of Sunflower Seed
In 2022, purchases abroad of sunflower seed was finally on the rise to reach 7.7M tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, total imports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, sunflower seed imports surged to $7.5B in 2022. In general, imports continue to indicate a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Imports By Country
In 2022, Bulgaria (1.3M tons), followed by Turkey (826K tons), Hungary (704K tons), the Netherlands (654K tons), Romania (653K tons) and Spain (539K tons) represented the key importers of sunflower seed, together creating 61% of total imports. Germany (348K tons), Portugal (299K tons), the Czech Republic (195K tons), France (181K tons), Austria (157K tons), Italy (145K tons) and Belgium (145K tons) followed a long way behind the leaders.
From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Bulgaria (with a CAGR of +59.4%), while imports for the other global leaders experienced more modest paces of growth.
In value terms, Bulgaria ($1B), Turkey ($648M) and the Netherlands ($601M) constituted the countries with the highest levels of imports in 2022, with a combined 30% share of global imports.
Bulgaria, with a CAGR of +34.0%, saw the highest rates of growth with regard to the value of imports, among 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
In 2022, the average sunflower seed import price amounted to $965 per ton, leveling off at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 34% against the previous year. As a result, import price reached the peak level of $973 per ton, leveling off in the following year.
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 Austria ($1,351 per ton), while the Czech Republic ($710 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+5.3%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Sunflower Seed
In 2022, overseas shipments of sunflower seed were finally on the rise to reach 8.3M tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, total exports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +6.4% 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 skyrocketed to $6.8B in 2022. Overall, total exports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +6.6% 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 +118.7% against 2015 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Exports By Country
Ukraine represented the major exporting country with an export of about 2.8M tons, which amounted to 33% of total exports. Romania (1,456K tons) took the second position in the ranking, distantly followed by Bulgaria (660K tons), France (657K tons), China (445K tons) and Moldova (434K tons). All these countries together took near 44% share of total exports. Kazakhstan (347K tons), Russia (274K tons), Hungary (238K tons), Slovakia (170K tons) and Argentina (156K tons) held a little share of total exports.
From 2012 to 2022, the biggest increases were recorded for Ukraine (with a CAGR of +25.6%), while shipments for the other global leaders experienced more modest paces of growth.
In value terms, the largest sunflower seed supplying countries worldwide were Ukraine ($1.3B), Romania ($1.2B) and Bulgaria ($729M), together accounting for 46% of global exports.
Ukraine, with a CAGR of +22.5%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries 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 $820 per ton, with a decrease of -13.1% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 38%. As a result, the export price reached the peak level of $944 per ton, and then fell 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 ($1,527 per ton), while Russia ($424 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+5.1%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global sunflower seed market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 267 - Sunflower seed
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Company coverage:
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
- HARVESTED AREA AND YIELD BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Harvested Area, By Country, 2012-2023
- Yield, By Country, 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Harvested Area, By Country, 2023
- Harvested Area, By Country, 2012-2023
- Yield, By Country, 2012-2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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.
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.
Global sunflower seed consumption amounted to X thousand tons in 2015, coming up by +X% against the previous year level.
Global sunflower seed exports amounted to X thousand tons in 2015, descending by -X% against the previous year level.
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.
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.
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
Romania dominates in the global sunflower seed trade, strengthening its position in the global exports structure from X% in 2007 to X% in 2014. It's main trading partner was France, where it supplied X% of its total sunflower seed exports, acco
Indonesia dominates in the global oil crop trade. In 2014, Indonesia exported X million tons of oil crops totaling X billion USD, X% over the previous year. Its primary trading partner was India, where it supplied X% of its total oil crop exports