South-Eastern Asia: Sunflower Seed Market 2024

Sunflower Seed Market Size in South-Eastern Asia

The Southeast Asian sunflower seed market rose sharply to $X in 2022, increasing by X% against the previous year. Over the period under review, consumption, however, recorded a perceptible downturn. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Sunflower Seed Production in South-Eastern Asia

In value terms, sunflower seed production expanded to $X in 2022 estimated in export price. Overall, production, however, showed a abrupt contraction. The growth pace was the most rapid in 2014 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Myanmar (X tons) remains the largest sunflower seed producing country in South-Eastern Asia, accounting for X% of total volume. Moreover, sunflower seed production in Myanmar exceeded the figures recorded by the second-largest producer, Thailand (X tons), eightfold.

From 2012 to 2022, the average annual rate of growth in terms of volume in Myanmar stood at X%.

The average sunflower seed yield reduced modestly to X kg per ha in 2022, almost unchanged from the previous year's figure. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the yield increased by X%. The level of yield peaked at X kg per ha in 2015; however, from 2016 to 2022, the yield remained at a 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 South-Eastern Asia amounted to X ha, increasing by X% against the previous year's figure. In general, the harvested area, however, showed a abrupt slump. The level of harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area remained at a lower figure.

Sunflower Seed Exports

Exports in South-Eastern Asia

In 2022, shipments abroad of sunflower seed decreased by X% to X tons, falling for the third consecutive year after four years of growth. Over the period under review, exports, however, enjoyed a slight increase. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, sunflower seed exports declined sharply to $X in 2022. In general, exports showed a pronounced setback. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Thailand was the key exporter of sunflower seed in South-Eastern Asia, with the volume of exports recording X tons, which was near X% of total exports in 2022. Vietnam (X tons) ranks second in terms of the total exports with a X% share, followed by Singapore (X%).

Exports from Thailand increased at an average annual rate of X% from 2012 to 2022. At the same time, Vietnam (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Singapore (X%) illustrated a downward trend over the same period. Thailand (X p.p.) and Vietnam (X p.p.) significantly strengthened its position in terms of the total exports, while Singapore saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Thailand ($X) remains the largest sunflower seed supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Vietnam ($X), with a X% share of total exports.

In Thailand, sunflower seed exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Vietnam (X% per year) and Singapore (X% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, picking up by X% against the previous year. In general, the export price, however, showed a deep downturn. The growth pace was the most rapid in 2016 an increase of X% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 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 Singapore ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced mixed trends in the export price figures.

Sunflower Seed Imports

Imports in South-Eastern Asia

In 2022, sunflower seed imports in South-Eastern Asia surged to X tons, picking up by X% against 2021. Overall, imports showed a notable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, sunflower seed imports skyrocketed to $X in 2022. In general, imports recorded a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Vietnam (X tons) represented the largest importer of sunflower seed, constituting X% of total imports. Thailand (X tons) held the second position in the ranking, followed by Indonesia (X tons), Myanmar (X tons) and the Philippines (X tons). All these countries together took approx. X% share of total imports. Malaysia (X tons) held a minor share of total imports.

Vietnam was also the fastest-growing in terms of the sunflower seed imports, with a CAGR of X% from 2012 to 2022. At the same time, Thailand (X%) and the Philippines (X%) displayed positive paces of growth. By contrast, Indonesia (X%), Malaysia (X%) and Myanmar (X%) illustrated a downward trend over the same period. Vietnam (X p.p.) and Thailand (X p.p.) significantly strengthened its position in terms of the total imports, while Malaysia, Indonesia and Myanmar saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest sunflower seed importing markets in South-Eastern Asia were Vietnam ($X), Thailand ($X) and Indonesia ($X), with a combined X% share of total imports.

Among the main importing countries, Vietnam, 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

The import price in South-Eastern Asia stood at $X per ton in 2022, rising by X% against the previous year. Import price indicated pronounced growth from 2012 to 2022: its price 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 import price increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2013 when the import price increased by X% against the previous year. Over the period under review, import prices attained the maximum in 2022 and is likely to see gradual growth in years to come.

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

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

Source: IndexBox Platform

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