SADC: Sunflower Seed Market 2024

Sunflower Seed Market Size in SADC

The SADC sunflower seed market was estimated at $X in 2022, rising by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Sunflower Seed Production in SADC

In value terms, sunflower seed production expanded notably to $X in 2022 estimated in export price. The total production indicated a modest increase 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, production increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

The countries with the highest volumes of production in 2022 were Tanzania (X tons), South Africa (X tons) and Zambia (X tons), together comprising X% of total production.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by Zambia (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

The average sunflower seed yield reached X tons per ha in 2022, increasing by X% against the previous year. 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 observed throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the yield increased by X%. Over the period under review, the sunflower seed yield attained the maximum level at X tons per ha in 2020; however, from 2021 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 dropped to X ha in 2022, remaining stable against the previous year's figure. The harvested area 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 being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when the harvested area increased by X%. As a result, the harvested area attained the peak level of X ha. From 2017 to 2022, the growth of the sunflower seed harvested area remained at a lower figure.

Sunflower Seed Exports

Exports in SADC

In 2022, shipments abroad of sunflower seed increased by X% to X tons, rising for the third year in a row after five years of decline. Overall, exports saw measured growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, sunflower seed exports surged to $X in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. 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

In 2022, Malawi (X tons) represented the largest exporter of sunflower seed, creating X% of total exports. Botswana (X tons) held the second position in the ranking, distantly followed by Mozambique (X tons), Tanzania (X tons) and South Africa (X tons). All these countries together took near X% share of total exports. Zambia (X tons) took a minor share of total exports.

Exports from Malawi increased at an average annual rate of X% from 2012 to 2022. At the same time, Mozambique (X%), Zambia (X%), South Africa (X%) and Tanzania (X%) displayed positive paces of growth. Moreover, Mozambique emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2022. By contrast, Botswana (X%) illustrated a downward trend over the same period. Malawi (X p.p.), Mozambique (X p.p.) and Zambia (X p.p.) significantly strengthened its position in terms of the total exports, while Botswana saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest sunflower seed supplying countries in SADC were Malawi ($X), South Africa ($X) and Botswana ($X), together comprising X% of total exports. Tanzania, Mozambique and Zambia lagged somewhat behind, together comprising a further X%.

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

Export Prices by Country

In 2022, the export price in SADC amounted to $X per ton, shrinking by X% against the previous year. In general, the export price continues to indicate a noticeable descent. The pace of growth appeared the most rapid in 2017 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Zambia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the other leaders experienced a decline in the export price figures.

Sunflower Seed Imports

Imports in SADC

In 2022, supplies from abroad of sunflower seed increased by X% to X tons, rising for the third year in a row after two years of decline. Over the period under review, imports, however, continue to indicate a noticeable decline. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, sunflower seed imports stood at $X in 2022. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

South Africa dominates imports structure, recording X tons, which was near X% of total imports in 2022. Tanzania (X tons) held an X% share (based on physical terms) of total imports, which put it in second place, followed by Zimbabwe (X%) and Botswana (X%). Namibia (X tons) followed a long way behind the leaders.

Imports into South Africa decreased at an average annual rate of X% from 2012 to 2022. At the same time, Zimbabwe (X%), Tanzania (X%), Botswana (X%) and Namibia (X%) displayed positive paces of growth. Moreover, Zimbabwe emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Tanzania, Zimbabwe and Botswana increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest sunflower seed importing markets in SADC were South Africa ($X), Zimbabwe ($X) and Tanzania ($X), with a combined X% share of total imports.

Among the main importing countries, Zimbabwe, with a CAGR of X%, recorded the highest growth rate of the value of imports, 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 SADC stood at $X per ton in 2022, declining by X% against the previous year. Overall, the import price, however, recorded a pronounced expansion. The most prominent rate of growth was recorded in 2018 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Zimbabwe ($X per ton), while Botswana ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Zimbabwe (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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