Austria: Sunflower Seed Market 2024

Sunflower Seed Market Size in Austria

For the third year in a row, the Austrian sunflower seed market recorded growth in sales value, which increased by X% to $X in 2022. Overall, consumption, however, continues to indicate a strong expansion. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Sunflower Seed Production in Austria

In value terms, sunflower seed production reached $X in 2022 estimated in export price. Overall, production, however, saw a noticeable increase. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

The average yield of sunflower seed in Austria fell to X tons per ha in 2022, which is down by X% compared with the previous year's figure. The yield figure increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of X%. As a result, the yield attained the peak level of X tons per ha. From 2017 to 2022, the growth of the average sunflower seed yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the sunflower seed harvested area in Austria declined modestly to X ha, shrinking by X% compared with the year before. Over the period under review, the harvested area, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to sunflower seed production attained the maximum at X ha in 2021, and then dropped in the following year.

Sunflower Seed Exports

Exports from Austria

In 2022, shipments abroad of sunflower seed decreased by X% to X tons, falling for the third consecutive year after two years of growth. In general, total exports indicated a pronounced increase from 2012 to 2022: its volume 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, exports decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, sunflower seed exports skyrocketed to $X in 2022. Overall, exports, however, recorded a strong expansion. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X tons), Italy (X tons) and the Czech Republic (X tons) were the main destinations of sunflower seed exports from Austria, with a combined X% share of total exports. Sweden, Russia, Ukraine, Norway, Hungary and Switzerland lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sweden (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Ukraine ($X) and Germany ($X) appeared to be the largest markets for sunflower seed exported from Austria worldwide, with a combined X% share of total exports. Italy, the Czech Republic, Sweden, Switzerland, Hungary and Norway lagged somewhat behind, together accounting for a further X%.

Sweden, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average sunflower seed export price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, export price indicated a buoyant expansion from 2012 to 2022: its price 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 export price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2017 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to the Czech Republic ($X 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 Switzerland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sunflower Seed Imports

Imports into Austria

In 2022, the amount of sunflower seed imported into Austria expanded to X tons, picking up by X% compared with the previous year. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, sunflower seed imports soared to $X in 2022. Overall, imports recorded strong growth. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, Hungary (X tons) constituted the largest supplier of sunflower seed to Austria, accounting for a X% share of total imports. Moreover, sunflower seed imports from Hungary exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. Bulgaria (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Hungary totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Bulgaria (X% per year).

In value terms, the largest sunflower seed suppliers to Austria were Hungary ($X), Bulgaria ($X) and Romania ($X), together comprising X% of total imports. Germany, Italy, Slovakia, the Czech Republic and Ukraine lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Ukraine, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average sunflower seed import price amounted to $X per ton, with an increase of X% against the previous year. Overall, import price indicated a tangible increase from 2012 to 2022: its price 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 import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by X%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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