Sweden: Sunflower Seed Market 2024

Sunflower Seed Market Size in Sweden

For the fourth consecutive year, the Swedish sunflower seed market recorded growth in sales value, which increased by X% to $X in 2022. Overall, the total consumption indicated buoyant 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, consumption increased by X% against 2018 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Sunflower Seed Exports

Exports from Sweden

In 2022, after six years of growth, there was significant decline in overseas shipments of sunflower seed, when their volume decreased by X% to X tons. Over the period under review, exports, however, saw a perceptible expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The exports peaked at X tons in 2021, and then reduced sharply in the following year.

In value terms, sunflower seed exports reduced slightly to $X in 2022. Overall, exports, however, recorded a prominent increase. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2021, and then declined modestly in the following year.

Exports by Country

Norway (X tons) was the main destination for sunflower seed exports from Sweden, accounting for a X% share of total exports. Moreover, sunflower seed exports to Norway exceeded the volume sent to the second major destination, Denmark (X tons), eightfold. The third position in this ranking was held by Finland (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Norway stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (X% per year) and Finland (X% per year).

In value terms, Norway ($X) remains the key foreign market for sunflower seed exports from Sweden, comprising X% of total exports. The second position in the ranking was taken by Finland ($X), with an X% share of total exports. It was followed by Denmark, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Norway totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (X% per year) and Denmark (X% per year).

Export Prices by Country

The average sunflower seed export price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The export price peaked at $X per ton in 2015; afterwards, it flattened through to 2022.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Norway ($X per ton) and Finland ($X per ton), while the average price for exports to the Netherlands ($X per ton) and Denmark ($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 Norway (X%), while the prices for the other major destinations experienced mixed trend patterns.

Sunflower Seed Imports

Imports into Sweden

In 2022, imports of sunflower seed into Sweden skyrocketed to X tons, picking up by X% compared with the previous year. In general, total imports indicated a buoyant 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 2018 indices. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, sunflower seed imports surged to $X in 2022. Over the period under review, total imports indicated a prominent 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 2017 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Denmark (X tons), Bulgaria (X tons) and Austria (X tons) were the main suppliers of sunflower seed imports to Sweden, with a combined X% share of total imports. Italy, Germany, Estonia and China lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Estonia (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 Sweden were Bulgaria ($X), Denmark ($X) and Austria ($X), with a combined X% share of total imports. China, Germany, Italy and Estonia lagged somewhat behind, together accounting for a further X%.

Estonia, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers 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, falling by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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