Report Update Apr 1, 2024

Uruguay - Sunflower Seed - Market Analysis, Forecast, Size, Trends and Insights

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Uruguay: Sunflower Seed Market 2024

Sunflower Seed Market Size in Uruguay

After three years of growth, the Uruguayan sunflower seed market decreased by X% to $X in 2022. Overall, consumption, however, enjoyed moderate growth. As a result, consumption attained the peak level of $X, and then dropped notably in the following year.

Sunflower Seed Production in Uruguay

In value terms, sunflower seed production stood at $X in 2022 estimated in export price. In general, production continues to indicate a abrupt descent. The pace of growth was the most pronounced in 2020 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

The average yield of sunflower seed in Uruguay reduced slightly to X tons per ha in 2022, with a decrease of X% against 2021 figures. In general, the yield recorded a pronounced contraction. The pace of growth appeared the most rapid in 2021 when the yield increased by X% against the previous year. Over the period under review, the average sunflower seed yield hit record highs at X tons per ha in 2012; however, from 2013 to 2022, the yield stood at a somewhat 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, approx. X ha of sunflower seed were harvested in Uruguay; with a decrease of X% on 2021 figures. Over the period under review, the harvested area, however, enjoyed a noticeable increase. The pace of growth appeared the most rapid in 2021 when the harvested area increased by X%. As a result, the harvested area attained the peak level of X ha, and then declined notably in the following year.

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Sunflower Seed Exports

Exports from Uruguay

For the tenth consecutive year, Uruguay recorded decline in shipments abroad of sunflower seed, which decreased by X% to X tons in 2022. Over the period under review, exports showed a sharp slump. The smallest decline of X% was in 2017. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, sunflower seed exports skyrocketed to $X in 2022. In general, exports saw a deep setback. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Argentina (X tons) was the main destination for sunflower seed exports from Uruguay, with a approx. X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Argentina was relatively modest.

In value terms, Argentina ($X) emerged as the key foreign market for sunflower seed exports from Uruguay.

From 2012 to 2022, the average annual growth rate of value to Argentina was relatively modest.

Export Prices by Country

The average sunflower seed export price stood at $X per ton in 2022, increasing by X% against the previous year. In general, the export price continues to indicate significant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

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

Sunflower Seed Imports

Imports into Uruguay

In 2022, sunflower seed imports into Uruguay fell significantly to X tons, which is down by X% against the previous year. Over the period under review, imports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, sunflower seed imports amounted to $X in 2022. Overall, imports, however, saw resilient growth. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Argentina (X tons) constituted the largest sunflower seed supplier to Uruguay, accounting for a X% share of total imports. Moreover, sunflower seed imports from Argentina exceeded the figures recorded by the second-largest supplier, Bulgaria (X tons), more than tenfold.

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

In value terms, Argentina ($X) constituted the largest supplier of sunflower seed to Uruguay, comprising X% of total imports. The second position in the ranking was held by Bulgaria ($X), with a X% share of total imports.

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

Import Prices by Country

In 2022, the average sunflower seed import price amounted to $X per ton, rising by X% against the previous year. Overall, the import price showed a buoyant increase. The pace of growth appeared the most rapid in 2019 when the average import price increased by X%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the near future.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sunflower seed in the world?

The countries with the highest volumes of consumption in 2023 were Russia, Ukraine and China, with a combined 55% share of global consumption. Argentina, Turkey, Bulgaria, Hungary, Romania, Spain, France, Tanzania and the United States lagged somewhat behind, together accounting for a further 31%.

What are the largest producers of sunflower seed in the world?

The countries with the highest volumes of production in 2022 were Ukraine, Russia and Argentina, together comprising 60% of global production. China, Romania, Turkey, Bulgaria, France, Hungary, the United States, Tanzania, Kazakhstan and Spain lagged somewhat behind, together comprising a further 31%.

What are the leading suppliers of sunflower seed to Uruguay?

In value terms, Argentina constituted the largest supplier of sunflower seed to Uruguay, comprising 98% of total imports. The second position in the ranking was held by Bulgaria, with a 1.7% share of total imports.

What are the leading importers of sunflower seed from Uruguay?

In value terms, Argentina emerged as the key foreign market for sunflower seed exports from Uruguay.

What is the average export price for sunflower seed in Uruguay?

In 2022, the average sunflower seed export price amounted to $17,816 per ton, jumping by 1,643% against the previous year.

What is the average import price for sunflower seed in Uruguay?

In 2022, the average sunflower seed import price amounted to $3,903 per ton, surging by 51% against the previous year.

This report provides an in-depth analysis of the sunflower seed market in Uruguay. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 267 - Sunflower seed

Country coverage:

Uruguay

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Uruguay
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023