Price for Oil Seeds; Sunflower Seeds, Whether or Not Broken in Thailand - 2024
Contents:
- Price for Oil Seeds; Sunflower Seeds, Whether or Not Broken in Thailand (CIF) - 2024
- Price for Oil Seeds; Sunflower Seeds, Whether or Not Broken in Thailand (FOB) - 2022
- Imports of Oil Seeds; Sunflower Seeds, Whether or Not Broken in Thailand
- Exports of Oil Seeds; Sunflower Seeds, Whether or Not Broken in Thailand
Price for Oil Seeds; Sunflower Seeds, Whether or Not Broken in Thailand (CIF) - 2024
In January 2024, the average import price for sunflower seed amounted to $1,749 per ton, increasing by 10% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 an increase of 36% month-to-month. Over the period under review, average import prices hit record highs at $2,169 per ton in September 2023; however, from October 2023 to January 2024, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was China ($1,777 per ton), while the price for Bulgaria ($498 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Argentina (+3.1%), while the prices for the other major suppliers experienced a decline.
Price for Oil Seeds; Sunflower Seeds, Whether or Not Broken in Thailand (FOB) - 2022
The average export price for sunflower seed stood at $1,029 per ton in 2022, increasing by 2.6% against the previous year. In general, the export price, however, saw a deep setback. The most prominent rate of growth was recorded in 2016 when the average export price increased by 51%. Over the period under review, the average export prices reached the peak figure at $6,307 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Myanmar ($7,704 per ton), while the average price for exports to the Philippines ($789 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 Myanmar (+12.8%), while the prices for the other major destinations experienced a decline.
Imports of Oil Seeds; Sunflower Seeds, Whether or Not Broken in Thailand
In 2022, after three years of growth, there was decline in supplies from abroad of sunflower seed, when their volume decreased by -4.7% to 14K tons. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +13.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +47.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 43% against the previous year.
In value terms, imports of sunflower seed expanded modestly to $22M in 2022. Overall, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +24.8% 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 +94.6% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 63% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.
| Import of Oil Seeds; Sunflower Seeds, Whether or Not Broken in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 10.4 | 17.9 | 20.4 | 21.1 | 26.6% |
| Argentina | 0.6 | 0.1 | 0.3 | 0.3 | -20.6% |
| Bulgaria | 0.1 | 0.3 | 0.1 | 0.1 | 0.0% |
| Others | 0.1 | 0.1 | 0.1 | 0.3 | 44.2% |
| Total | 11.2 | 18.3 | 20.9 | 21.9 | 25.0% |
Top Suppliers of Oil Seeds; Sunflower Seeds, Whether or Not Broken to Thailand in 2022:
- China (13.0K tons)
- Argentina (0.2K tons)
- Bulgaria (0.2K tons)
Exports of Oil Seeds; Sunflower Seeds, Whether or Not Broken in Thailand
After three years of growth, shipments abroad of sunflower seed decreased by -11.6% to 438 tons in 2022. Overall, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 152%. As a result, the exports attained the peak of 495 tons, and then dropped in the following year.
In value terms, exports of sunflower seed shrank to $451K in 2022. Over the period under review, exports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 116% against the previous year. As a result, the exports attained the peak of $497K, and then fell in the following year.
| Export of Oil Seeds; Sunflower Seeds, Whether or Not Broken in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Philippines | 34.2 | 116 | 304 | 315 | 109.6% |
| Myanmar | 106 | 51.7 | 61.6 | 88.7 | -5.8% |
| Singapore | N/A | N/A | N/A | 28.7 | 0% |
| United States | 11.8 | 27.4 | 26.9 | 0.8 | -59.2% |
| China | 10.2 | N/A | 33.5 | N/A | 81.2% |
| Others | 8.5 | 34.8 | 70.4 | 17.5 | 27.2% |
| Total | 171 | 230 | 497 | 451 | 38.2% |
Top Export Markets for Oil Seeds; Sunflower Seeds, Whether or Not Broken from Thailand in 2022:
- Philippines (399.0 tons)
- Singapore (21.4 tons)
- Myanmar (11.5 tons)
- United States (0.4 tons)
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This report provides an in-depth analysis of the sunflower seed market in Thailand.
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This report provides an in-depth analysis of the global sunflower seed market.
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This report provides an in-depth analysis of the sunflower seed market in Thailand.
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This report provides an in-depth analysis of the global sunflower seed market.
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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.
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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.
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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.
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Global sunflower seed consumption amounted to X thousand tons in 2015, coming up by +X% against the previous year level.
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Global sunflower seed exports amounted to X thousand tons in 2015, descending by -X% against the previous year level.
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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.
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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.
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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
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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
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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
