Australia: Sunflower Seed Market Overview 2021

Sunflower Seed Market Size in Australia

In 2020, the Australian sunflower seed market increased by X% to $X for the first time since 2015, thus ending a four-year declining trend. Overall, consumption saw a noticeable contraction. The growth pace was the most rapid in 2008 when the market value increased by X% year-to-year. As a result, consumption reached the peak level of $X. from 2009 to 2020, the growth of the market failed to regain the momentum.

Sunflower Seed Production in Australia

In value terms, sunflower seed production surged to $X in 2020 estimated in export prices. Over the period under review, production continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. As a result, production reached the peak level of $X. from 2009 to 2020, production growth remained at a lower figure.

The average yield of sunflower seed in Australia was estimated at X kg per ha in 2020, leveling off at the previous year's figure. In general, the yield showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the yield increased by X% year-to-year. Over the period under review, the average sunflower seed yield hit record highs at X tonnes per ha in 2010; however, from 2011 to 2020, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, approx. X ha of sunflower seed were harvested in Australia; with a decrease of -X% on the previous year's figure. Overall, the harvested area continues to indicate a pronounced decline. The pace of growth was the most pronounced in 2008 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to sunflower seed production attained the maximum at X ha in 2009; however, from 2010 to 2020, the harvested area remained at a lower figure.

Sunflower Seed Exports

Exports from Australia

In 2020, overseas shipments of sunflower seed increased by X% to X tonnes, rising for the fifth consecutive year after five years of decline. Over the period under review, exports, however, recorded a noticeable slump. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, exports attained the peak figure at X tonnes in 2008; however, from 2009 to 2020, exports remained at a lower figure.

In value terms, sunflower seed exports soared to $X in 2020. Overall, exports, however, recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Exports peaked at $X in 2009; however, from 2010 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Pakistan (X tonnes) was the main destination for sunflower seed exports from Australia, with a X% share of total exports. It was followed by New Zealand (X tonnes), with a X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of volume to Pakistan totaled -X%.

In value terms, Pakistan ($X) remains the key foreign market for sunflower seed exports from Australia, comprising X% of total exports. The second position in the ranking was occupied by New Zealand ($X), with a X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of value to Pakistan totaled -X%.

Export Prices by Country

The average sunflower seed export price stood at $X per tonne in 2020, shrinking by -X% against the previous year. In general, the export price showed a deep reduction. The most prominent rate of growth was recorded in 2009 an increase of X% against the previous year. As a result, export price attained the peak level of $X per tonne. from 2010 to 2020, the growth in terms of the average export prices failed to regain the momentum.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was New Zealand ($X per tonne), while the average price for exports to Pakistan totaled $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand.

Sunflower Seed Imports

Imports into Australia

In 2020, sunflower seed imports into Australia soared to X tonnes, rising by X% against the year before. Over the period under review, imports posted a prominent increase. The most prominent rate of growth was recorded in 2017 when imports increased by X% y-o-y. Over the period under review, imports reached the maximum in 2020 and are likely to continue growth in years to come.

In value terms, sunflower seed imports skyrocketed to $X in 2020. Overall, imports saw a buoyant expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. Over the period under review, imports hit record highs in 2020 and are likely to continue growth in years to come.

Imports by Country

In 2020, Bulgaria (X tonnes) constituted the largest supplier of sunflower seed to Australia, accounting for a X% share of total imports. Moreover, sunflower seed imports from Bulgaria exceeded the figures recorded by the second-largest supplier, Moldova (X tonnes), fourfold. China (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Bulgaria stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Moldova (+X% per year) and China (+X% per year).

In value terms, Bulgaria ($X) constituted the largest supplier of sunflower seed to Australia, comprising X% of total imports. The second position in the ranking was occupied by Moldova ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2007 to 2020, the average annual growth rate of value from Bulgaria stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Moldova (+X% per year) and China (+X% per year).

Import Prices by Country

The average sunflower seed import price stood at $X per tonne in 2020, therefore, remained relatively stable against the previous year. Overall, the import price continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2011 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per tonne in 2007; however, from 2008 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was China ($X per tonne), while the price for Moldova ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sunflower seed in the world?

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The countries with the highest volumes of sunflower seed consumption in 2020 were Ukraine (17M tonnes), Russia (16M tonnes) and Argentina (3.7M tonnes), with a combined 59% share of global consumption. Turkey, Romania, China, Bulgaria, Hungary, France, Tanzania, Spain and the U.S. lagged somewhat behind, together accounting for a further 26%.

What are the largest producers of sunflower seed in the world?

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The countries with the highest volumes of sunflower seed production in 2020 were Ukraine (17M tonnes), Russia (17M tonnes) and Romania (4.2M tonnes), with a combined 62% share of global production.

What are the leading suppliers of sunflower seed to Australia?

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In value terms, Bulgaria ($7.4M) constituted the largest supplier of sunflower seed to Australia, comprising 74% of total imports. The second position in the ranking was occupied by Moldova ($1.4M), with a 14% share of total imports. It was followed by China, with a 10% share.

What are the leading importers of sunflower seed from Australia?

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In value terms, Pakistan ($1.4M) remains the key foreign market for sunflower seed exports from Australia, comprising 84% of total exports. The second position in the ranking was occupied by New Zealand ($63K), with a 3.9% share of total exports.

What is the average export price for sunflower seed in Australia?

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The average sunflower seed export price stood at $615 per tonne in 2020, falling by -1.7% against the previous year.

What is the average import price for sunflower seed in Australia?

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The average sunflower seed import price stood at $741 per tonne in 2020, approximately mirroring the previous year.