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

Contents:

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

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

The average import price for sunflower seed stood at $1,218 per ton in 2022, jumping by 26% against the previous year. Overall, the import price, however, recorded a abrupt slump. The import price peaked at $2,087 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Argentina ($1,203 per ton), while the price for Bulgaria amounted to $1,183 per ton.

From 2014 to 2022, the most notable rate of growth in terms of prices was attained by Moldova (-10.1%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the average export price for sunflower seed amounted to $1,754 per ton, rising by 1.6% against the previous year. Over the period under review, the export price, however, showed a mild decrease. The most prominent rate of growth was recorded in 2021 when the average export price increased by 87%. Over the period under review, the average export prices hit record highs at $3,175 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Colombia ($1,821 per ton), while the average price for exports to the United States amounted to $1,749 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belize (+29.7%), while the prices for the other major destinations experienced a decline.

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

In 2022, after three years of growth, there was significant decline in overseas purchases of sunflower seed, when their volume decreased by -18.1% to 779 tons. Overall, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +9.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 31% against the previous year.

In value terms, imports of sunflower seed amounted to $949K in 2022. Over the period under review, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 41%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Import of Oil Seeds; Sunflower Seeds, Whether or Not Broken in Panama (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Argentina15.523.839.0902287.5%
Bulgaria0.43.22.527.0307.2%
Moldova454636874N/A38.7%
Others1.91.82.419.8118.4%
Total47166591894926.3%

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

  1. Argentina (749.6 tons)
  2. Bulgaria (22.8 tons)

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

In 2022, overseas shipments of sunflower seed decreased by -3.4% to 7.9 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 3,672% against the previous year. As a result, the exports reached the peak of 8.2 tons, and then contracted in the following year.

In value terms, exports of sunflower seed fell to $14K in 2022. Overall, exports, however, showed significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 6,961% against the previous year. As a result, the exports attained the peak of $14K, and then shrank in the following year.

Export of Oil Seeds; Sunflower Seeds, Whether or Not Broken in Panama (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United StatesN/AN/AN/A13.20%
Colombia0.10.214.10.791.3%
OthersN/AN/AN/AN/A0%
Total0.10.214.113.9418.0%

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

  1. United States (7.5 tons)
  2. Colombia (0.4 tons)

Source: IndexBox Market Intelligence Platform

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