Australia and Oceania: Sunflower Seed Market 2024

Sunflower Seed Market Size in Australia and Oceania

In 2022, the sunflower seed market in Australia and Oceania decreased by X% to $X, falling for the second consecutive year after two years of growth. In general, consumption recorded a perceptible descent. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Sunflower Seed Production in Australia and Oceania

In value terms, sunflower seed production stood at $X in 2022 estimated in export price. Overall, production recorded a perceptible decrease. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

The country with the largest volume of sunflower seed production was Australia (X tons), comprising approx. X% of total volume.

In Australia, sunflower seed production decreased by an average annual rate of X% over the period from 2012-2022.

In 2022, the average yield of sunflower seed in Australia and Oceania dropped modestly to X tons per ha, with a decrease of X% on the previous year's figure. The yield indicated a slight increase from 2012 to 2022: its figure increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sunflower seed yield increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2020 when the yield increased by X% against the previous year. The level of yield peaked at X tons per ha in 2013; however, from 2014 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of sunflower seed production in Australia and Oceania fell rapidly to X ha, which is down by X% compared with the previous year's figure. In general, the harvested area faced a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

Sunflower Seed Exports

Exports in Australia and Oceania

In 2022, approx. X tons of sunflower seed were exported in Australia and Oceania; growing by X% against the previous year's figure. Over the period under review, exports, however, continue to indicate a deep setback. The pace of growth was the most pronounced in 2020 when exports increased by X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, sunflower seed exports skyrocketed to $X in 2022. In general, exports recorded a measured increase. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Exports by Country

Australia (X tons) represented roughly X% of total exports in 2022.

Australia was also the fastest-growing in terms of the sunflower seed exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) also remains the largest sunflower seed supplier in Australia and Oceania.

In Australia, sunflower seed exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the export price enjoyed a resilient expansion. The growth pace was the most rapid in 2018 an increase of X% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Australia.

From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to X% per year.

Sunflower Seed Imports

Imports in Australia and Oceania

Sunflower seed imports expanded sharply to X tons in 2022, picking up by X% compared with the year before. Overall, imports continue to indicate a buoyant increase. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, sunflower seed imports skyrocketed to $X in 2022. Total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2020 indices. Over the period under review, imports attained the maximum at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Australia (X tons) represented the main importer of sunflower seed, comprising X% of total imports. It was distantly followed by New Zealand (X tons), mixing up a X% share of total imports.

Australia was also the fastest-growing in terms of the sunflower seed imports, with a CAGR of X% from 2012 to 2022. At the same time, New Zealand (X%) displayed positive paces of growth. While the share of Australia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of New Zealand (X p.p.) displayed negative dynamics.

In value terms, Australia ($X) constitutes the largest market for imported sunflower seed in Australia and Oceania, comprising X% of total imports. The second position in the ranking was taken by New Zealand ($X), with a X% share of total imports.

In Australia, sunflower seed imports expanded at an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, import prices attained the maximum at $X per ton in 2012; afterwards, it flattened through to 2022.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($X per ton), while Australia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%).

Source: IndexBox Platform

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