Price for Oil Seeds; Sunflower Seeds, Whether or Not Broken in Nigeria - 2022
Contents:
- Price for Oil Seeds; Sunflower Seeds, Whether or Not Broken in Nigeria (FOB) - 2022
- Price for Oil Seeds; Sunflower Seeds, Whether or Not Broken in Nigeria (CIF) - 2022
- Exports of Oil Seeds; Sunflower Seeds, Whether or Not Broken in Nigeria
- Imports of Oil Seeds; Sunflower Seeds, Whether or Not Broken in Nigeria
Price for Oil Seeds; Sunflower Seeds, Whether or Not Broken in Nigeria (FOB) - 2022
The average export price for sunflower seed stood at $1,282 per ton in 2022, with an increase of 5.3% against the previous year. Over the period under review, the export price, however, saw a noticeable slump. The most prominent rate of growth was recorded in 2013 an increase of 103% against the previous year. As a result, the export price attained the peak level of $3,199 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +29.3% per year.
Price for Oil Seeds; Sunflower Seeds, Whether or Not Broken in Nigeria (CIF) - 2022
In 2022, the average import price for sunflower seed amounted to $1,244 per ton, approximately mirroring the previous year. Over the period under review, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for sunflower seed increased by +105.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 105%. The import price peaked at $1,374 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($2,051 per ton), while the price for South Africa ($263 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lebanon (+30.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Oil Seeds; Sunflower Seeds, Whether or Not Broken in Nigeria
For the fourth consecutive year, Nigeria recorded growth in shipments abroad of sunflower seed, which increased by 27% to 147 tons in 2022. Overall, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 135%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of sunflower seed soared to $189K in 2022. In general, exports posted significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 149% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in years to come.
| Export of Oil Seeds; Sunflower Seeds, Whether or Not Broken in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 1.8 | 12.0 | N/A | 189 | 371.8% |
| Germany | 35.3 | 41.4 | 15.3 | N/A | -34.2% |
| Jordan | N/A | N/A | 51.1 | N/A | 0% |
| Poland | N/A | 26.5 | 7.3 | N/A | -72.5% |
| Egypt | N/A | N/A | 63.7 | N/A | 0% |
| Others | N/A | 12.6 | 3.2 | N/A | -74.6% |
| Total | 37.1 | 92.6 | 141 | 189 | 72.1% |
Top Export Markets for Oil Seeds; Sunflower Seeds, Whether or Not Broken from Nigeria in 2022:
- India (147.1 tons)
Imports of Oil Seeds; Sunflower Seeds, Whether or Not Broken in Nigeria
Imports of sunflower seed into Nigeria soared to 5.1 tons in 2022, with an increase of 129% compared with 2021 figures. Over the period under review, imports continue to indicate significant growth. The pace of growth was the most pronounced in 2020 with an increase of 241% against the previous year. As a result, imports reached the peak of 9.2 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of sunflower seed soared to $6.4K in 2022. Overall, imports saw a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Oil Seeds; Sunflower Seeds, Whether or Not Broken in Nigeria (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lebanon | 405 | 503 | 531 | 2,517 | 83.9% |
| Turkey | 86.0 | 190 | 305 | 1,134 | 136.2% |
| United Arab Emirates | 663 | 593 | 450 | 1,108 | 18.7% |
| India | 136 | 117 | 1,007 | 621 | 65.9% |
| South Africa | 867 | 3,481 | 216 | 472 | -18.3% |
| Netherlands | 219 | 148 | 86.0 | 145 | -12.8% |
| United Kingdom | N/A | 155 | N/A | N/A | 0% |
| Others | 287 | 366 | 193 | 393 | 11.0% |
| Total | 2,663 | 5,553 | 2,788 | 6,390 | 33.9% |
Top Suppliers of Oil Seeds; Sunflower Seeds, Whether or Not Broken to Nigeria in 2022:
- South Africa (1794.0 kg)
- Lebanon (1550.0 kg)
- United Arab Emirates (612.0 kg)
- Turkey (553.0 kg)
- India (368.0 kg)
- Netherlands (119.0 kg)
1934
This report provides an in-depth analysis of the sunflower seed market in Nigeria.
8334
This report provides an in-depth analysis of the global sunflower seed market.
1934
This report provides an in-depth analysis of the sunflower seed market in Nigeria.
8334
This report provides an in-depth analysis of the global sunflower seed market.
51
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.
501
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.
923
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.
10636
Global sunflower seed consumption amounted to X thousand tons in 2015, coming up by +X% against the previous year level.
5468
Global sunflower seed exports amounted to X thousand tons in 2015, descending by -X% against the previous year level.
5828
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.
610
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.
1665
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
2168
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
1593
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
