India: Sunflower Seed Market 2024

Sunflower Seed Market Size in India

In 2022, the Indian sunflower seed market increased by X% to $X, rising for the fourth consecutive year after six years of decline. Over the period under review, consumption continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2019 with an increase of X%. Sunflower seed consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Sunflower Seed Production in India

In value terms, sunflower seed production expanded to $X in 2022 estimated in export price. Over the period under review, production recorded a abrupt contraction. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

The average yield of sunflower seed in India amounted to X kg per ha in 2022, picking up by X% against the previous year. Over the period under review, the yield indicated tangible growth 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 decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the yield increased by X%. Over the period under review, the average sunflower seed yield attained the peak level at X kg per ha in 2020; however, from 2021 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 harvested area of sunflower seed in India reduced to X ha, with a decrease of X% on 2021 figures. In general, the harvested area saw a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to sunflower seed production reached the peak figure at X ha in 2012; however, from 2013 to 2022, the harvested area remained at a lower figure.

Sunflower Seed Exports

Exports from India

In 2022, sunflower seed exports from India fell dramatically to X tons, waning by X% against the previous year's figure. In general, exports saw a abrupt setback. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, sunflower seed exports contracted to $X in 2022. Overall, exports recorded a abrupt slump. The growth pace was the most rapid in 2017 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The Philippines (X tons) was the main destination for sunflower seed exports from India, with a X% share of total exports. Moreover, sunflower seed exports to the Philippines exceeded the volume sent to the second major destination, Japan (X tons), sevenfold. The UK (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Philippines totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and the UK (X% per year).

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

From 2012 to 2022, the average annual growth rate of value to the Philippines 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 Bangladesh (X% per year).

Export Prices by Country

In 2022, the average sunflower seed export price amounted to $X per ton, flattening at the previous year. Over the period under review, the export price, however, recorded a noticeable descent. The growth pace was the most rapid in 2021 an increase of X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Australia ($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 Oman (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sunflower Seed Imports

Imports into India

In 2022, sunflower seed imports into India soared to X tons, rising by X% compared with the previous year. Overall, imports recorded a strong increase. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, sunflower seed imports soared to $X in 2022. Over the period under review, imports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

China (X tons), Uganda (X tons) and Bulgaria (X tons) were the main suppliers of sunflower seed imports to India, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Uganda (with a CAGR of X.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest sunflower seed suppliers to India were China ($X), Uganda ($X) and Bulgaria ($X), with a combined X% share of total imports.

Among the main suppliers, Uganda, with a CAGR of X.6%, saw the highest growth rate of 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

The average sunflower seed import price stood at $X per ton in 2022, shrinking by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 an increase of X%. As a result, import price reached the peak level of $X per ton, and then contracted slightly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Moldova ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :