Belgium - Sunflower Seed - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Apr 1, 2024

Belgium - Sunflower Seed - Market Analysis, Forecast, Size, Trends and Insights

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Sunflower Seed Price in Belgium - 2023

Contents:

  1. Sunflower Seed Price in Belgium (CIF) - 2022
  2. Sunflower Seed Price in Belgium (FOB) - 2023
  3. Sunflower Seed Imports in Belgium
  4. Sunflower Seed Exports in Belgium

Sunflower Seed Price in Belgium (CIF) - 2022

In 2022, the average sunflower seed import price amounted to $714 per ton, increasing by 15% against the previous year. Over the period under review, the import price, however, recorded a mild downturn. The growth pace was the most rapid in 2021 an increase of 19% against the previous year. Over the period under review, average import prices reached the peak figure at $794 per ton in 2012; however, from 2013 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 Bulgaria ($1,434 per ton), while the price for France ($650 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Sunflower Seed Price in Belgium (FOB) - 2023

The average sunflower seed export price stood at $1,580 per ton in August 2023, surging by 31% against the previous month. Over the period under review, the export price saw a buoyant expansion. The pace of growth was the most pronounced in January 2023 when the average export price increased by 278% against the previous month. Over the period under review, the average export prices attained the maximum at $2,007 per ton in April 2023; however, from May 2023 to August 2023, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In August 2023, the highest price was recorded for prices to Austria ($1,685 per ton) and the Netherlands ($1,641 per ton), while the average price for exports to Germany ($1,328 per ton) and Japan ($1,344 per ton) were amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+10.2%), while the prices for the other major destinations experienced mixed trend patterns.

Sunflower Seed Imports in Belgium

For the fourth year in a row, Belgium recorded growth in supplies from abroad of sunflower seed, which increased by 18% to 145K tons in 2022. The total import volume increased at an average annual rate of +8.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, sunflower seed imports skyrocketed to $104M in 2022. Overall, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Sunflower Seed in Belgium (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
France32.542.852.180.535.3%
Netherlands5.54.75.36.97.9%
Bulgaria1.64.011.13.732.2%
Hungary7.70.80.33.6-22.4%
Romania0.2N/AN/A3.3154.6%
Others6.39.07.65.7-3.3%
Total53.861.476.410424.6%

Top Suppliers of Sunflower Seed to Belgium in 2022:

  1. France (123.8K tons)
  2. Netherlands (6.2K tons)
  3. Romania (4.6K tons)
  4. Hungary (3.6K tons)
  5. Bulgaria (2.6K tons)

Sunflower Seed Exports in Belgium

In 2022, shipments abroad of sunflower seed decreased by -38.9% to 4.6K tons, falling for the second consecutive year after two years of growth. In general, exports, however, showed a buoyant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 620%. As a result, the exports reached the peak of 25K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, sunflower seed exports shrank sharply to $4.9M in 2022. Over the period under review, exports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 279%. As a result, the exports attained the peak of $13M. From 2021 to 2022, the growth of the exports failed to regain momentum.

Export of Sunflower Seed in Belgium (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Netherlands1.05.32.01.821.6%
France1.01.11.61.719.3%
Germany0.25.91.80.426.0%
Denmark0.60.2N/AN/A-66.7%
Others0.70.60.70.98.7%
Total3.513.26.24.911.9%

Top Export Markets for Sunflower Seed from Belgium in 2022:

  1. France (1689.1 tons)
  2. Netherlands (1243.4 tons)
  3. Germany (946.6 tons)
  4. Denmark (19.9 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the sunflower seed market in Belgium. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • FCL 267 - Sunflower seed

Country coverage:

  • Belgium

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Belgium
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION, HARVESTED AREA AND YIELD
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Yield And Growth
    16. Exports And Growth
    17. Export Prices And Growth
    18. Market Size And Growth
    19. Per Capita Consumption
    20. Imports And Growth
    21. Import Prices
    22. Production, In Physical Terms, 2012–2023
    23. Production, In Value Terms, 2012–2023
    24. Area Harvested, 2012–2023
    25. Yield, 2012–2023
    26. Imports, In Physical Terms, 2012–2023
    27. Imports, In Value Terms, 2012–2023
    28. Imports, In Physical Terms, By Country, 2023
    29. Imports, In Physical Terms, By Country, 2012–2023
    30. Imports, In Value Terms, By Country, 2012–2023
    31. Import Prices, By Country Of Origin, 2012–2023
    32. Exports, In Physical Terms, 2012–2023
    33. Exports, In Value Terms, 2012–2023
    34. Exports, In Physical Terms, By Country, 2023
    35. Exports, In Physical Terms, By Country, 2012–2023
    36. Exports, In Value Terms, By Country, 2012–2023
    37. Export Prices, By Country Of Destination, 2012–2023
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Free Data: Sunflower Seed - Belgium