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

Contents:

  1. Price for Oil Seeds; Sunflower Seeds, Whether or Not Broken in Indonesia (CIF) - 2022
  2. Price for Oil Seeds; Sunflower Seeds, Whether or Not Broken in Indonesia (FOB) - 2022
  3. Imports of Oil Seeds; Sunflower Seeds, Whether or Not Broken in Indonesia
  4. Exports of Oil Seeds; Sunflower Seeds, Whether or Not Broken in Indonesia

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

In March 2022, the average import price for sunflower seed amounted to $1,469 per ton, increasing by 9.7% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.4%. The pace of growth appeared the most rapid in August 2021 when the average import price increased by 28% month-to-month. Over the period under review, average import prices reached the maximum in March 2022.

Average prices varied somewhat amongst the major supplying countries. In March 2022, the country with the highest price was China ($1,495 per ton), while the price for Australia ($1,040 per ton) was amongst the lowest.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by Argentina (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for sunflower seed amounted to $3,873 per ton, picking up by 292% against the previous year. Overall, the export price saw a buoyant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($5,988 per ton), while the average price for exports to Singapore ($1,777 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+13.1%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports of sunflower seed into Indonesia soared to 12K tons in 2022, picking up by 44% against 2021 figures. Overall, imports, however, recorded a abrupt decrease.

In value terms, imports of sunflower seed surged to $16M in 2022. In general, imports, however, recorded a relatively flat trend pattern.

Import of Oil Seeds; Sunflower Seeds, Whether or Not Broken in Indonesia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China15.918.88.215.5-0.8%
ArgentinaN/AN/AN/A0.40%
Bulgaria0.20.10.10.426.0%
Others0.50.30.60.1-41.5%
Total16.719.39.016.4-0.6%

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

  1. China (10.6K tons)
  2. Argentina (0.4K tons)
  3. Bulgaria (0.4K tons)

Exports of Oil Seeds; Sunflower Seeds, Whether or Not Broken in Indonesia

In 2022, shipments abroad of sunflower seed decreased by -97.7% to 284 kg, falling for the second consecutive year after two years of growth. In general, exports continue to indicate a dramatic decline. The pace of growth appeared the most rapid in 2020 with an increase of 437%. As a result, the exports attained the peak of 38 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of sunflower seed shrank rapidly to $1.1K in 2022. Overall, exports faced a significant decrease. The pace of growth was the most pronounced in 2020 with an increase of 328%. As a result, the exports reached the peak of $63K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Export of Oil Seeds; Sunflower Seeds, Whether or Not Broken in Indonesia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
NetherlandsN/AN/AN/A0.50%
JapanN/AN/AN/A0.30%
SingaporeN/A41.4N/A0.2-93.0%
BelgiumN/A0.1N/AN/A0%
Philippines14.4N/AN/AN/A0%
AustraliaN/A4.82.0N/A-58.3%
Others0.216.310.1N/A610.6%
Total14.662.612.21.1-57.8%

Top Export Markets for Oil Seeds; Sunflower Seeds, Whether or Not Broken from Indonesia in 2022:

  1. Singapore (139.0 kg)
  2. Netherlands (84.0 kg)
  3. Japan (54.0 kg)
  4. Belgium (7.0 kg)

Source: IndexBox Market Intelligence Platform

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