Report Update Apr 1, 2024

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

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Venezuela: Sunflower Seed Market 2024

Sunflower Seed Market Size in Venezuela

The Venezuelan sunflower seed market skyrocketed to $X in 2022, picking up by X% against the previous year. Over the period under review, consumption, however, faced a sharp descent. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Sunflower Seed Production in Venezuela

In value terms, sunflower seed production soared to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a sharp decline. The pace of growth was the most pronounced in 2020 when the production volume increased by X%. Sunflower seed production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

In 2022, the average sunflower seed yield in Venezuela expanded remarkably to X kg per ha, picking up by X% on the year before. In general, the yield, however, showed a pronounced contraction. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, the average sunflower seed yield attained the peak level 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.

The sunflower seed harvested area in Venezuela skyrocketed to X ha in 2022, jumping by X% on the year before. Overall, the harvested area, however, showed a drastic downturn. The growth pace was the most rapid in 2016 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to sunflower seed production attained the peak figure 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 Venezuela

After eight years of growth, overseas shipments of sunflower seed decreased by X% to X tons in 2022. In general, exports saw a abrupt decline. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, sunflower seed exports reduced to $X in 2022. Overall, exports showed a abrupt downturn. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

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

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

In value terms, Aruba ($X) also remains the key foreign market for sunflower seed exports from Venezuela.

From 2012 to 2022, the average annual rate of growth in terms of value to Aruba amounted to X%.

Export Prices by Country

The average sunflower seed export price stood at $X per ton in 2022, stabilizing at the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by less than X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

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

Sunflower Seed Imports

Imports into Venezuela

In 2022, sunflower seed imports into Venezuela soared to X tons, jumping by X% compared with the year before. Over the period under review, imports, however, faced a drastic downturn. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, sunflower seed imports surged to $X in 2022. Overall, imports, however, showed a precipitous shrinkage. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Argentina (X tons), Israel (X tons) and Canada (X tons) were the main suppliers of sunflower seed imports to Venezuela, together comprising X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Israel (with a CAGR of X%), while purchases for the other leaders experienced a decline.

In value terms, Argentina ($X), Israel ($X) and Bolivia ($X) constituted the largest sunflower seed suppliers to Venezuela, with a combined X% share of total imports.

Among the main suppliers, Israel, 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 a decline.

Import Prices by Country

In 2022, the average sunflower seed import price amounted to $X per ton, with a decrease of X% against the previous year. In general, the import price saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2018 when the average import price increased by X%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (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, together accounting for 55% 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 Venezuela?

In value terms, Argentina, Israel and Bolivia appeared to be the largest sunflower seed suppliers to Venezuela, with a combined 98% share of total imports.

What are the leading importers of sunflower seed from Venezuela?

In value terms, Aruba remains the key foreign market for sunflower seed exports from Venezuela.

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

In 2022, the average sunflower seed export price amounted to $1,512 per ton, therefore, remained relatively stable against the previous year.

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

The average sunflower seed import price stood at $1,669 per ton in 2022, which is down by -11.6% against the previous year.

This report provides an in-depth analysis of the sunflower seed market in Venezuela. 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:

Venezuela

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Venezuela
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