MERCOSUR: Sunflower Seed Market 2024

Sunflower Seed Market Size in MERCOSUR

The MERCOSUR sunflower seed market fell to $X in 2022, dropping by X% against the previous year. In general, consumption showed a pronounced slump. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Sunflower Seed Production in MERCOSUR

In value terms, sunflower seed production contracted to $X in 2022 estimated in export price. In general, production recorded a deep slump. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

The country with the largest volume of sunflower seed production was Argentina (X tons), comprising approx. X% of total volume. It was followed by Brazil (X tons), with a X% share of total production.

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

In 2022, the average sunflower seed yield in MERCOSUR reached X tons per ha, therefore, remained relatively stable against 2021 figures. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2015 when the yield increased by X%. As a result, the yield attained the peak level of X tons per ha; afterwards, it flattened through to 2022. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the sunflower seed harvested area in MERCOSUR reduced slightly to X ha, dropping by X% against 2021 figures. Overall, the harvested area continues to indicate a mild decline. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. 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.

Sunflower Seed Exports

Exports in MERCOSUR

In 2022, approx. X tons of sunflower seed were exported in MERCOSUR; rising by X% on 2021. Over the period under review, exports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, sunflower seed exports skyrocketed to $X in 2022. In general, exports posted a modest increase. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Argentina prevails in exports structure, accounting for X tons, which was near X% of total exports in 2022. Chile (X tons) followed a long way behind the leaders.

Argentina was also the fastest-growing in terms of the sunflower seed exports, with a CAGR of X% from 2012 to 2022. Chile (X%) illustrated a downward trend over the same period. Argentina (X p.p.) significantly strengthened its position in terms of the total exports, while Chile saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Argentina ($X) remains the largest sunflower seed supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was taken by Chile ($X), with a X% share of total exports.

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

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, waning by X% against the previous year. In general, the export price saw a noticeable descent. The growth pace was the most rapid in 2018 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Chile ($X per ton), while Argentina stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (X%).

Sunflower Seed Imports

Imports in MERCOSUR

Sunflower seed imports skyrocketed to X tons in 2022, with an increase of X% compared with the previous year's figure. In general, imports, however, saw a relatively flat trend pattern. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, sunflower seed imports skyrocketed to $X in 2022. Over the period under review, imports enjoyed a mild increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Brazil (X tons) and Ecuador (X tons) represented roughly X% of total imports in 2022. Colombia (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Peru (X%). Argentina (X tons), Chile (X tons) and Venezuela (X tons) held a relatively small share of total imports.

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

In value terms, Argentina ($X), Brazil ($X) and Chile ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports. Colombia, Ecuador, Peru and Venezuela lagged somewhat behind, together comprising a further X%.

Peru, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries 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 MERCOSUR stood at $X per ton in 2022, surging by X% against the previous year. Import price indicated temperate 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 2019 indices. The growth pace was the most rapid in 2014 when the import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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