Chile: Sunflower Seed Market 2024

Sunflower Seed Market Size in Chile

The Chilean sunflower seed market contracted to $X in 2022, reducing by X% against the previous year. In general, consumption showed a abrupt descent. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Sunflower Seed Production in Chile

In value terms, sunflower seed production rose sharply to $X in 2022 estimated in export price. In general, production, however, continues to indicate a noticeable shrinkage. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Sunflower seed production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

In 2022, the average yield of sunflower seed in Chile reached X kg per ha, stabilizing at 2021. Over the period under review, the yield, however, continues to indicate a pronounced curtailment. The pace of growth was the most pronounced 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 remained 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 2022, the total area harvested in terms of sunflower seed production in Chile skyrocketed to X ha, with an increase of X% on the previous year's figure. In general, the harvested area, however, showed a noticeable decrease. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, the harvested area reached the peak level of X ha. From 2014 to 2022, the growth of the sunflower seed harvested area remained at a lower figure.

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Sunflower Seed Exports

Exports from Chile

Sunflower seed exports from Chile amounted to X tons in 2022, surging by X% against the previous year's figure. In general, exports, however, saw a mild downturn. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, sunflower seed exports totaled $X in 2022. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

France (X tons) was the main destination for sunflower seed exports from Chile, accounting for a X% share of total exports. Moreover, sunflower seed exports to France exceeded the volume sent to the second major destination, the United States (X tons), twofold. Spain (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to France stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Spain (X% per year).

In value terms, France ($X) remains the key foreign market for sunflower seed exports from Chile, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports. It was followed by Spain, with a X% share.

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

Export Prices by Country

In 2022, the average sunflower seed export price amounted to $X per ton, with a decrease of X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Argentina ($X per ton) and France ($X per ton), while the average price for exports to the United States ($X per ton) and Spain ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sunflower Seed Imports

Imports into Chile

In 2022, the amount of sunflower seed imported into Chile surged to X tons, rising by X% against 2021 figures. Over the period under review, imports continue to indicate significant growth. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, sunflower seed imports soared to $X in 2022. In general, imports saw a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Bulgaria (X tons) constituted the largest supplier of sunflower seed to Chile, with a X% share of total imports. Moreover, sunflower seed imports from Bulgaria exceeded the figures recorded by the second-largest supplier, Argentina (X tons), twofold. The third position in this ranking was taken by China (X tons), with a X% share.

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

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

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

Import Prices by Country

The average sunflower seed import price stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the import price, however, recorded a abrupt descent. The pace of growth was the most pronounced in 2021 when the average import price increased by X%. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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 Argentina ($X per ton), while the price for Bulgaria ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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