Price for Oil Seeds; Sunflower Seeds, Whether or Not Broken in Ethiopia - 2022
Contents:
- Price for Oil Seeds; Sunflower Seeds, Whether or Not Broken in Ethiopia (CIF) - 2022
- Price for Oil Seeds; Sunflower Seeds, Whether or Not Broken in Ethiopia (FOB) - 2022
- Imports of Oil Seeds; Sunflower Seeds, Whether or Not Broken in Ethiopia
- Exports of Oil Seeds; Sunflower Seeds, Whether or Not Broken in Ethiopia
Price for Oil Seeds; Sunflower Seeds, Whether or Not Broken in Ethiopia (CIF) - 2022
In 2022, the average import price for sunflower seed amounted to $1,620 per ton, falling by -3.7% against the previous year. Overall, the import price, however, continues to indicate a pronounced expansion. The most prominent rate of growth was recorded in 2019 an increase of 103% against the previous year. The import price peaked at $2,249 per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($1,681 per ton), while the price for China amounted to $197 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+9.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Oil Seeds; Sunflower Seeds, Whether or Not Broken in Ethiopia (FOB) - 2022
In 2022, the average export price for sunflower seed amounted to $2,490 per ton, rising by 7.6% against the previous year. In general, the export price saw resilient growth. The pace of growth was the most pronounced in 2020 when the average export price increased by 125%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in years to come.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($2,519 per ton), while the average price for exports to the UK ($2,132 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 Israel (+3.3%), 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 Ethiopia
In 2022, purchases abroad of sunflower seed was finally on the rise to reach 93 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, showed a perceptible contraction.
In value terms, imports of sunflower seed soared to $151K in 2022. The total import value increased at an average annual rate of +5.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Oil Seeds; Sunflower Seeds, Whether or Not Broken in Ethiopia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
South Africa | 0.4 | 35.0 | 47.3 | 136 | 598.0% |
China | 0.3 | 0.7 | 3.3 | 2.4 | 100.0% |
United Arab Emirates | 17.2 | 28.5 | 23.3 | N/A | 16.4% |
Sudan | 37.0 | N/A | N/A | N/A | 0% |
Turkey | 70.5 | 48.7 | 33.1 | N/A | -31.5% |
Others | 3.8 | 1.2 | 0.8 | 12.4 | 48.3% |
Total | 129 | 114 | 108 | 151 | 5.4% |
Top Suppliers of Oil Seeds; Sunflower Seeds, Whether or Not Broken to Ethiopia in 2022:
- South Africa (80.9 tons)
- China (12.0 tons)
Exports of Oil Seeds; Sunflower Seeds, Whether or Not Broken in Ethiopia
In 2022, the amount of sunflower seed exported from Ethiopia skyrocketed to 8.2 tons, jumping by 30% compared with the previous year's figure. Over the period under review, exports, however, recorded a noticeable downturn. The growth pace was the most rapid in 2021 when exports increased by 90% against the previous year.
In value terms, exports of sunflower seed soared to $20K in 2022. In general, exports posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 90% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.
Export of Oil Seeds; Sunflower Seeds, Whether or Not Broken in Ethiopia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 1.2 | 2.2 | 6.5 | 18.3 | 148.0% |
Canada | 0.3 | 0.7 | 0.3 | 1.4 | 67.1% |
United Kingdom | 0.1 | 0.2 | 0.8 | 0.5 | 71.0% |
Sudan | 3.9 | N/A | N/A | N/A | 0% |
Israel | 3.2 | 4.2 | 6.6 | N/A | 43.6% |
Others | 0.3 | 0.3 | 0.3 | 0.2 | -12.6% |
Total | 9.0 | 7.7 | 14.6 | 20.5 | 31.6% |
Top Export Markets for Oil Seeds; Sunflower Seeds, Whether or Not Broken from Ethiopia in 2022:
- United States (7.3 tons)
- Canada (0.7 tons)
- United Kingdom (0.3 tons)
This report provides an in-depth analysis of the sunflower seed market in Ethiopia.
This report provides an in-depth analysis of the global sunflower seed market.
This report provides an in-depth analysis of the sunflower seed market in Ethiopia.
This report provides an in-depth analysis of the global sunflower seed market.
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