Mexico: Sunflower Seed Market 2024

Sunflower Seed Market Size in Mexico

After two years of growth, the Mexican sunflower seed market decreased by X% to $X in 2022. In general, consumption, however, continues to indicate resilient growth. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Sunflower Seed Production in Mexico

In value terms, sunflower seed production soared to $X in 2022 estimated in export price. Overall, production saw a resilient increase. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. Sunflower seed production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

In 2022, the average sunflower seed yield in Mexico fell modestly to X tons per ha, with a decrease of X% against the previous year's figure. In general, the yield, however, recorded a significant increase. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, the average sunflower seed yield reached the maximum level at X tons per ha in 2019; however, from 2020 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 total area harvested in terms of sunflower seed production in Mexico stood at X ha, picking up by X% against 2021 figures. In general, the harvested area, however, continues to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of X%. The sunflower seed harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

Sunflower Seed Exports

Exports from Mexico

For the third consecutive year, Mexico recorded decline in overseas shipments of sunflower seed, which decreased by X% to X tons in 2022. Overall, exports saw prominent growth. The most prominent rate of growth was recorded in 2014 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, sunflower seed exports amounted to $X in 2022. In general, exports posted a strong expansion. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for sunflower seed exports from Mexico, accounting for a approx. X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at X%.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled X%.

Export Prices by Country

The average sunflower seed export price stood at $X per ton in 2022, stabilizing at the previous year. Over the period under review, the export price saw a perceptible decline. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to X% per year.

Sunflower Seed Imports

Imports into Mexico

Sunflower seed imports into Mexico contracted to X tons in 2022, waning by X% on 2021. Over the period under review, imports, however, saw a buoyant expansion. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons, and then reduced in the following year.

In value terms, sunflower seed imports reduced to $X in 2022. Overall, total imports indicated prominent growth 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 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, leveling off in the following year.

Imports by Country

The United States (X tons), Argentina (X tons) and Bulgaria (X tons) were the main suppliers of sunflower seed imports to Mexico, 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 Bulgaria (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest sunflower seed suppliers to Mexico were the United States ($X), Argentina ($X) and Bulgaria ($X), with a combined X% share of total imports.

Among the main suppliers, Bulgaria, with a CAGR of X%, saw 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, picking up by X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Bulgaria ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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