Latin America and the Caribbean: Sunflower Seed Market 2024

Sunflower Seed Market Size in Latin America and the Caribbean

The Latin American sunflower seed market contracted to $X in 2022, waning by X% against the previous year. Over the period under review, consumption showed a perceptible decrease. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Sunflower Seed Production in Latin America and the Caribbean

In value terms, sunflower seed production declined to $X in 2022 estimated in export price. In general, production recorded a abrupt descent. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

The country with the largest volume of sunflower seed production was Argentina (X tons), comprising approx. X% of total volume. Moreover, sunflower seed production in Argentina exceeded the figures recorded by the second-largest producer, Bolivia (X tons), more than tenfold.

In Argentina, sunflower seed production remained relatively stable over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Bolivia (X% per year) and Brazil (X% per year).

The average sunflower seed yield amounted to X tons per ha in 2022, remaining stable against the year before. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. As a result, the yield attained the peak level of X tons per ha; afterwards, it flattened through to 2022. 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 Latin America and the Caribbean shrank to X ha, reducing by X% against the previous year's figure. In general, the harvested area recorded a perceptible decrease. The pace of growth was the most pronounced in 2017 when the harvested area increased by X% against the previous year. The level of harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Sunflower Seed Exports

Exports in Latin America and the Caribbean

In 2022, approx. X tons of sunflower seed were exported in Latin America and the Caribbean; with an increase of X% on 2021 figures. Overall, exports recorded a remarkable increase. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, sunflower seed exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate a modest expansion. The pace of growth was the most pronounced in 2016 with an increase of X%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Argentina prevails in exports structure, accounting for X tons, which was near X% of total exports in 2022. Chile (X tons) took a little share of total exports.

Argentina was also the fastest-growing in terms of the sunflower seed exports, with a CAGR of X% from 2012 to 2022. Chile (X%) illustrated a downward trend over the same period. Argentina (X p.p.) significantly strengthened its position in terms of the total exports, while Chile saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Argentina ($X) remains the largest sunflower seed supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Chile ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Argentina stood at X%.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, which is down by X% against the previous year. Overall, the export price showed a perceptible contraction. The growth pace was the most rapid in 2018 an increase of X% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Chile ($X per ton), while Argentina totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (X%).

Sunflower Seed Imports

Imports in Latin America and the Caribbean

Sunflower seed imports expanded modestly to X tons in 2022, picking up by X% against the year before. Total imports indicated a perceptible 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, imports increased by X% against 2015 indices. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, sunflower seed imports skyrocketed to $X in 2022. Total imports indicated a perceptible expansion from 2012 to 2022: its value 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, imports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. 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

In 2022, Mexico (X tons) represented the main importer of sunflower seed, making up X% of total imports. Brazil (X tons) held the second position in the ranking, followed by Ecuador (X tons) and Colombia (X tons). All these countries together took approx. X% share of total imports. Peru (X tons), Bolivia (X tons), Argentina (X tons) and Guatemala (X tons) took a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to sunflower seed imports into Mexico stood at X%. At the same time, Ecuador (X%), Peru (X%), Colombia (X%) and Guatemala (X%) displayed positive paces of growth. Moreover, Ecuador emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Brazil and Bolivia experienced a relatively flat trend pattern. By contrast, Argentina (X%) illustrated a downward trend over the same period. While the share of Mexico (X p.p.), Ecuador (X p.p.), Colombia (X p.p.) and Peru (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Brazil (X p.p.) and Argentina (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported sunflower seed in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by Bolivia ($X), with an X% share of total imports. It was followed by Argentina, with an X% share.

In Mexico, sunflower seed imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Bolivia (X% per year) and Argentina (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Argentina ($X per ton), while Ecuador ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :