Price for Oil Seeds; Sunflower Seeds, Whether or Not Broken in Denmark - 2023

Contents:

1. Price for Oil Seeds; Sunflower Seeds, Whether or Not Broken in Denmark (CIF) - 2023
2. Price for Oil Seeds; Sunflower Seeds, Whether or Not Broken in Denmark (FOB) - 2023
3. Imports of Oil Seeds; Sunflower Seeds, Whether or Not Broken in Denmark
4. Exports of Oil Seeds; Sunflower Seeds, Whether or Not Broken in Denmark

Price for Oil Seeds; Sunflower Seeds, Whether or Not Broken in Denmark (CIF) - 2023

In October 2023, the average import price for sunflower seed amounted to $973 per ton, waning by -21.7% against the previous month. Over the period under review, the import price showed a mild contraction. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 194% against the previous month. As a result, import price reached the peak level of $1,691 per ton. From June 2023 to October 2023, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Bulgaria ($1,210 per ton), while the price for Slovakia ($583 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Estonia (+28.2%), 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 Denmark (FOB) - 2023

In October 2023, the average export price for sunflower seed amounted to $1,512 per ton, jumping by 15% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.8%. The export price peaked at $1,763 per ton in June 2023; however, from July 2023 to October 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In October 2023, the country with the highest price was the Netherlands ($2,159 per ton), while the average price for exports to Norway ($1,256 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, imports of sunflower seed into Denmark soared to 25K tons, rising by 20% against 2021 figures. In general, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +11.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.8% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 29% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, imports of sunflower seed reached $24M in 2022. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +18.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 53%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the near future.

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

1. Bulgaria (9.4K tons)
2. Slovakia (3.7K tons)
3. Germany (2.4K tons)
4. Estonia (1.8K tons)
5. Czech Republic (1.5K tons)
6. Austria (1.2K tons)
7. Romania (0.8K tons)
8. Netherlands (0.7K tons)
9. Italy (0.6K tons)
10. Poland (0.6K tons)
11. Ukraine (0.4K tons)
12. Slovenia (0.3K tons)
13. China (0.3K tons)

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

In 2022, approx. 4.6K tons of sunflower seed were exported from Denmark; picking up by 12% compared with the year before. Overall, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +6.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +96.6% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 75%. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, exports of sunflower seed rose significantly to $5.7M in 2022. In general, exports recorded a buoyant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 84%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to continue growth in years to come.

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

1. Sweden (3859.7 tons)
2. Netherlands (207.0 tons)
3. Norway (153.4 tons)
4. Finland (76.4 tons)
5. Poland (66.1 tons)
6. Germany (17.2 tons)

Source: IndexBox Market Intelligence Platform