Brazil: Sunflower Seed Market 2024

Sunflower Seed Market Size in Brazil

In 2022, after three years of decline, there was growth in the Brazilian sunflower seed market, when its value increased by X% to $X. Overall, consumption, however, saw a deep downturn. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Sunflower Seed Production in Brazil

In value terms, sunflower seed production shrank to $X in 2022 estimated in export price. Overall, production, however, saw a deep setback. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

The average yield of sunflower seed in Brazil totaled X tons per ha in 2022, increasing by X% on 2021. Overall, the yield saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, the yield attained the peak level of X tons per ha. From 2018 to 2022, the growth of the average sunflower seed 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.

The sunflower seed harvested area in Brazil expanded notably to X ha in 2022, with an increase of X% against 2021. Overall, the harvested area, however, recorded a abrupt downturn. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, the harvested area attained the peak level of X ha. From 2015 to 2022, the growth of the sunflower seed harvested area remained at a lower figure.

Sunflower Seed Exports

Exports from Brazil

In 2022, approx. X tons of sunflower seed were exported from Brazil; rising by X% on the previous year's figure. In general, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2015 when exports increased by X%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, sunflower seed exports surged to $X in 2022. Overall, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2016 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

Argentina (X tons) was the main destination for sunflower seed exports from Brazil, with a X% share of total exports. Moreover, sunflower seed exports to Argentina exceeded the volume sent to the second major destination, Uruguay (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume to Argentina amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (X% per year) and Paraguay (X% per year).

In value terms, Argentina ($X) remains the key foreign market for sunflower seed exports from Brazil, comprising X% of total exports. The second position in the ranking was held by Uruguay ($X), with an X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Argentina stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (X% per year) and Paraguay (X% per year).

Export Prices by Country

The average sunflower seed export price stood at $X per ton in 2022, growing by X% against the previous year. In general, the export price enjoyed a prominent increase. The most prominent rate of growth was recorded in 2016 an increase of X%. The export price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Argentina ($X per ton), while the average price for exports to Paraguay ($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 Uruguay (X%), while the prices for the other major destinations experienced mixed trend patterns.

Sunflower Seed Imports

Imports into Brazil

In 2022, imports of sunflower seed into Brazil declined notably to X tons, shrinking by X% against the previous year's figure. Overall, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of X tons, and then contracted sharply in the following year.

In value terms, sunflower seed imports fell to $X in 2022. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Imports peaked at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, Argentina (X tons) constituted the largest supplier of sunflower seed to Brazil, with a X% share of total imports. Moreover, sunflower seed imports from Argentina exceeded the figures recorded by the second-largest supplier, Bulgaria (X tons), fourfold. Paraguay (X tons) ranked third in terms of total imports with a X% share.

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

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

From 2012 to 2022, the average annual rate of growth in terms of value from Argentina totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (X% per year) and Bolivia (X% per year).

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. In general, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 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 Bolivia ($X per ton), while the price for Paraguay ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bolivia (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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