China: Sunflower Seed Market 2024

Sunflower Seed Market Size in China

For the fourth consecutive year, the Chinese sunflower seed market recorded growth in sales value, which increased by X% to $X in 2022. Over the period under review, the total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2016 indices. Over the period under review, the market attained the peak level in 2022 and is likely to continue growth in years to come.

Sunflower Seed Production in China

In value terms, sunflower seed production expanded modestly to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Sunflower seed production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

In 2022, the average yield of sunflower seed in China fell modestly to X tons per ha, flattening at the previous year. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when the yield increased by X% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2018 to 2022, the growth of the average sunflower seed 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, approx. X ha of sunflower seed were harvested in China; with a decrease of X% compared with 2021 figures. Overall, the harvested area, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, the harvested area attained the peak level of X ha. From 2016 to 2022, the growth of the sunflower seed harvested area failed to regain momentum.

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Sunflower Seed Exports

Exports from China

Sunflower seed exports from China expanded modestly to X tons in 2022, increasing by X% compared with 2021 figures. In general, exports continue to indicate prominent growth. The pace of growth appeared the most rapid in 2016 with an increase of X%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, sunflower seed exports soared to $X in 2022. Over the period under review, exports saw strong growth. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

Iran (X tons), Iraq (X tons) and the United Arab Emirates (X tons) were the main destinations of sunflower seed exports from China, with a combined X% share of total exports. Russia, Vietnam, Spain, Egypt, Uzbekistan, Turkey, Thailand, Indonesia, Saudi Arabia and Jordan lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Uzbekistan (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Iran ($X), Iraq ($X) and the United Arab Emirates ($X) were the largest markets for sunflower seed exported from China worldwide, with a combined X% share of total exports. Russia, Vietnam, Spain, Egypt, Uzbekistan, Turkey, Thailand, Saudi Arabia, Indonesia and Jordan lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Uzbekistan, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average sunflower seed export price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average export price increased by X%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Russia ($X 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 Saudi Arabia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sunflower Seed Imports

Imports into China

In 2022, sunflower seed imports into China expanded significantly to X tons, picking up by X% compared with the previous year's figure. In general, imports saw a significant expansion. The pace of growth was the most pronounced in 2019 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, sunflower seed imports soared to $X in 2022. Over the period under review, imports continue to indicate strong growth. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Bulgaria (X tons) was the main supplier of sunflower seed to China, accounting for a X% share of total imports. It was followed by the United States (X tons), with less than X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Bulgaria amounted to X%.

In value terms, Bulgaria ($X) constituted the largest supplier of sunflower seed to China, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Bulgaria amounted to X%.

Import Prices by Country

In 2022, the average sunflower seed import price amounted to $X per ton, increasing by X% against the previous year. In general, the import price, however, recorded a significant contraction. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Bulgaria amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%).

Source: IndexBox Platform

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