Price for Oil Seeds; Sunflower Seeds, Whether or Not Broken in Azerbaijan - 2023
Contents:
- Price for Oil Seeds; Sunflower Seeds, Whether or Not Broken in Azerbaijan (CIF) - 2023
- Price for Oil Seeds; Sunflower Seeds, Whether or Not Broken in Azerbaijan (FOB) - 2022
- Imports of Oil Seeds; Sunflower Seeds, Whether or Not Broken in Azerbaijan
- Exports of Oil Seeds; Sunflower Seeds, Whether or Not Broken in Azerbaijan
Price for Oil Seeds; Sunflower Seeds, Whether or Not Broken in Azerbaijan (CIF) - 2023
In December 2023, the average import price for sunflower seed amounted to $1,673 per ton, with an increase of 49% against the previous month. Over the period under review, import price indicated perceptible growth from December 2022 to December 2023: its price increased at an average monthly rate of +4.4% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, import price for sunflower seed increased by +49.3% against November 2023 indices. Over the period under review, average import prices attained the peak figure at $2,009 per ton in August 2023; however, from September 2023 to December 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Kazakhstan ($2,133 per ton), while the price for Russia ($767 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 (+12.5%), 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 Azerbaijan (FOB) - 2022
In 2022, the average export price for sunflower seed amounted to $1,149 per ton, surging by 77% against the previous year. In general, the export price enjoyed resilient growth. The pace of growth was the most pronounced in 2013 when the average export price increased by 137%. The export price peaked at $1,228 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Georgia.
From 2012 to 2022, the rate of growth in terms of prices for Georgia amounted to -1.4% per year.
Imports of Oil Seeds; Sunflower Seeds, Whether or Not Broken in Azerbaijan
In 2022, purchases abroad of sunflower seed decreased by -33.4% to 4.2K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports continue to indicate a deep slump. The growth pace was the most rapid in 2020 when imports increased by 44%. As a result, imports reached the peak of 9.8K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of sunflower seed reduced to $6.4M in 2022. Overall, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +8.7% 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 decreased by -25.4% against 2020 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 72% against the previous year. As a result, imports reached the peak of $8.5M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Oil Seeds; Sunflower Seeds, Whether or Not Broken in Azerbaijan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | 0.8 | 3.0 | 3.2 | 100.0% |
| Turkey | 2.0 | 2.5 | 1.9 | 2.2 | 3.2% |
| Russia | 2.1 | 5.1 | 1.8 | 0.8 | -27.5% |
| Ukraine | 0.8 | 0.1 | 0.5 | 0.1 | -50.0% |
| Others | N/A | N/A | 0.2 | 0.1 | -50.0% |
| Total | 4.9 | 8.5 | 7.4 | 6.4 | 9.3% |
Top Suppliers of Oil Seeds; Sunflower Seeds, Whether or Not Broken to Azerbaijan in 2022:
- China (1718.9 tons)
- Turkey (1319.1 tons)
- Russia (986.9 tons)
- Ukraine (66.0 tons)
Exports of Oil Seeds; Sunflower Seeds, Whether or Not Broken in Azerbaijan
In 2022, approx. 190 tons of sunflower seed were exported from Azerbaijan; increasing by 697% compared with the previous year's figure. Over the period under review, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of sunflower seed skyrocketed to $218K in 2022. Overall, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Oil Seeds; Sunflower Seeds, Whether or Not Broken in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Georgia | 17.6 | N/A | 15.5 | 218 | 131.4% |
| Iraq | 13.2 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | 0.6 | 0% |
| Total | 30.8 | N/A | 15.5 | 218 | 92.0% |
Top Export Markets for Oil Seeds; Sunflower Seeds, Whether or Not Broken from Azerbaijan in 2022:
- Georgia (189.9 tons)
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This report provides an in-depth analysis of the sunflower seed market in Azerbaijan.
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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 Azerbaijan.
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This report provides an in-depth analysis of the global sunflower seed market.
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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
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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
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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
