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

Contents:

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

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

In 2022, the average import price for sunflower seed amounted to $1,288 per ton, picking up by 3% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average import price increased by 22% against the previous year. The import price peaked at $1,435 per ton in 2013; however, from 2014 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 China ($1,370 per ton), while the price for Kazakhstan ($412 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+11.1%), while the prices for the other major suppliers experienced a decline.

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

The average export price for sunflower seed stood at $1,621 per ton in 2022, surging by 43% against the previous year. Over the period under review, export price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for sunflower seed increased by +84.9% against 2020 indices. The pace of growth was the most pronounced in 2015 when the average export price increased by 44% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Azerbaijan ($6,200 per ton), while the average price for exports to Pakistan ($212 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 Azerbaijan (+16.8%), 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 Iran

In 2022, imports of sunflower seed into Iran soared to 79K tons, increasing by 35% against the previous year. Overall, imports enjoyed a perceptible expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 77% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of sunflower seed soared to $102M in 2022. In general, imports continue to indicate a strong increase. The pace of growth was the most pronounced in 2021 with an increase of 89% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.

Import of Oil Seeds; Sunflower Seeds, Whether or Not Broken in Iran (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China67.923.335.882.36.6%
United Arab Emirates11.713.533.017.614.6%
Kazakhstan2.61.20.70.8-32.5%
Others2.80.84.11.7-15.3%
Total84.938.973.61026.3%

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

  1. China (60.1K tons)
  2. United Arab Emirates (16.4K tons)
  3. Kazakhstan (1.8K tons)

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

In 2022, exports of sunflower seed from Iran reduced sharply to 124 tons, which is down by -79.1% compared with 2021 figures. Over the period under review, exports recorded a precipitous decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 85% against the previous year.

In value terms, exports of sunflower seed dropped remarkably to $201K in 2022. In general, exports continue to indicate a significant decline. The most prominent rate of growth was recorded in 2021 when exports increased by 139% against the previous year.

Export of Oil Seeds; Sunflower Seeds, Whether or Not Broken in Iran (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Iraq47088.5247119-36.7%
Turkey1,24211028922.7-73.7%
Qatar31.312.526.715.4-21.1%
Afghanistan75.620.327.513.3-44.0%
Canada1.311.138.811.3105.6%
Pakistan6.413.20.40.7-52.2%
Azerbaijan48.94.51.30.1-87.3%
Others43.520.739.117.5-26.2%
Total1,919280670201-52.9%

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

  1. Iraq (63.2 tons)
  2. Turkey (35.3 tons)
  3. Qatar (7.6 tons)
  4. Afghanistan (7.0 tons)
  5. Pakistan (3.4 tons)
  6. Canada (1.9 tons)

Source: IndexBox Market Intelligence Platform

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