U.S.: Sunflower Seed Market 2024

Sunflower Seed Market Size in the U.S.

The U.S. sunflower seed market expanded notably to $X in 2022, picking up by X% against the previous year. In general, consumption showed perceptible growth. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Sunflower Seed Production in the U.S.

In value terms, sunflower seed production amounted to $X in 2022. Over the period under review, production showed a tangible expansion. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Sunflower seed production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

In 2022, the average yield of sunflower seed in the United States rose rapidly to X tons per ha, with an increase of X% on the year before. 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 in certain years. The growth pace was the most rapid in 2020 when the yield increased by X% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2021 to 2022, the growth of the average sunflower seed 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, approx. X ha of sunflower seed were harvested in the United States; rising by X% on the previous year's figure. Overall, the harvested area, however, recorded a pronounced decline. The growth pace was 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.

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Sunflower Seed Exports

Exports from the U.S.

In 2022, sunflower seed exports from the United States shrank to X tons, reducing by X% against 2021. Overall, exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, sunflower seed exports contracted to $X in 2022. Over the period under review, exports continue to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Canada (X tons), Mexico (X tons) and Belgium (X tons) were the main destinations of sunflower seed exports from the United States, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Austria ($X) and Canada ($X) were the largest markets for sunflower seed exported from the United States worldwide, together comprising X% of total exports.

In terms of the main countries of destination, Belgium, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average sunflower seed export price stood at $X per ton in 2022, falling by X% against the previous year. Overall, the export price, however, enjoyed a perceptible increase. The pace of growth appeared the most rapid in 2018 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Mexico ($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 Turkey (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sunflower Seed Imports

Imports into the U.S.

In 2022, purchases abroad of sunflower seed decreased by X% to X tons, falling for the second year in a row after four years of growth. Overall, imports, however, enjoyed strong growth. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, sunflower seed imports surged to $X in 2022. In general, imports, however, posted a buoyant increase. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

Bulgaria (X tons), Canada (X tons) and Argentina (X tons) were the main suppliers of sunflower seed imports to the United States, 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, Bulgaria ($X) constituted the largest supplier of sunflower seed to the United States, comprising X% of total imports. The second position in the ranking was taken by Canada ($X), with an X% share of total imports. It was followed by Argentina, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Bulgaria stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (X% per year) and Argentina (X% per year).

Import Prices by Country

In 2022, the average sunflower seed import price amounted to $X per ton, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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