Price for Oil Seeds; Sunflower Seeds, Whether or Not Broken in Malaysia - 2023
Contents:
- Price for Oil Seeds; Sunflower Seeds, Whether or Not Broken in Malaysia (CIF) - 2023
- Price for Oil Seeds; Sunflower Seeds, Whether or Not Broken in Malaysia (FOB) - 2022
- Imports of Oil Seeds; Sunflower Seeds, Whether or Not Broken in Malaysia
- Exports of Oil Seeds; Sunflower Seeds, Whether or Not Broken in Malaysia
Price for Oil Seeds; Sunflower Seeds, Whether or Not Broken in Malaysia (CIF) - 2023
In December 2023, the average import price for sunflower seed amounted to $2,062 per ton, picking up by 8.6% against the previous month. In general, import price indicated a slight increase from December 2022 to December 2023: its price increased at an average monthly rate of +1.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, import price for sunflower seed decreased by -6.6% against September 2023 indices. The most prominent rate of growth was recorded in July 2023 when the average import price increased by 135% month-to-month. The import price peaked at $2,208 per ton in September 2023; however, from October 2023 to December 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Singapore ($3,064 per ton), while the price for Bulgaria ($1,550 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Singapore (+27.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Oil Seeds; Sunflower Seeds, Whether or Not Broken in Malaysia (FOB) - 2022
The average export price for sunflower seed stood at $5,389 per ton in 2022, rising by 37% against the previous year. Overall, the export price posted resilient growth. The most prominent rate of growth was recorded in 2021 when the average export price increased by 110%. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($6,215 per ton), while the average price for exports to Singapore ($2,991 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 Singapore (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Oil Seeds; Sunflower Seeds, Whether or Not Broken in Malaysia
In 2022, purchases abroad of sunflower seed decreased by -1% to 1.7K tons, falling for the second consecutive year after two years of growth. In general, imports faced a sharp decline. The pace of growth was the most pronounced in 2020 with an increase of 13% against the previous year. As a result, imports attained the peak of 4.5K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of sunflower seed surged to $3.2M in 2022. Overall, imports continue to indicate a deep slump.
| Import of Oil Seeds; Sunflower Seeds, Whether or Not Broken in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2,807 | 3,193 | 2,041 | 2,779 | -0.3% |
| Argentina | 38.9 | 162 | 174 | 226 | 79.8% |
| United States | 563 | 68.2 | 89.5 | 104 | -43.0% |
| Canada | 101 | 70.1 | N/A | N/A | -30.6% |
| Ukraine | 642 | 619 | N/A | N/A | -3.6% |
| Others | 88.0 | 199 | 48.1 | 85.1 | -1.1% |
| Total | 4,240 | 4,311 | 2,352 | 3,194 | -9.0% |
Top Suppliers of Oil Seeds; Sunflower Seeds, Whether or Not Broken to Malaysia in 2022:
- China (1417.9 tons)
- Argentina (199.2 tons)
- United States (45.2 tons)
Exports of Oil Seeds; Sunflower Seeds, Whether or Not Broken in Malaysia
For the third year in a row, Malaysia recorded decline in overseas shipments of sunflower seed, which decreased by -2% to 3.9 tons in 2022. In general, exports faced a precipitous setback.
In value terms, exports of sunflower seed surged to $21K in 2022. The total export value increased at an average annual rate of +4.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period.
| Export of Oil Seeds; Sunflower Seeds, Whether or Not Broken in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 1.8 | N/A | 5.8 | 17.7 | 114.2% |
| Singapore | 2.9 | 16.0 | N/A | 2.0 | -11.6% |
| Hong Kong SAR | 1.2 | N/A | 9.8 | 1.2 | 0.0% |
| Germany | N/A | 5.6 | N/A | N/A | 0% |
| Vietnam | 7.7 | N/A | N/A | N/A | 0% |
| Philippines | 5.1 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 18.6 | 21.6 | 15.6 | 21.0 | 4.1% |
Top Export Markets for Oil Seeds; Sunflower Seeds, Whether or Not Broken from Malaysia in 2022:
- Indonesia (2.9 tons)
- Singapore (0.7 tons)
- Hong Kong SAR (0.4 tons)
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This report provides an in-depth analysis of the sunflower seed market in Malaysia.
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This report provides an in-depth analysis of the global sunflower seed market.
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This report provides an in-depth analysis of the sunflower seed market in Malaysia.
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This report provides an in-depth analysis of the global sunflower seed market.
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Global sunflower seed market is projected to experience significant growth in consumption and value over the next seven years, with an anticipated CAGR of +3.8% and +5.1% respectively. The market volume is forecasted to reach 73M tons, with a value of $72B by the end of 2030.
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Explore the top import markets for sunflower seeds, including Bulgaria, Turkey, Netherlands, Romania, and Hungary. Discover the import values and market dynamics of these countries in the global sunflower seed industry.
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This year, sunflower seed prices are forecast to remain stable due to record global production, which is to reach the highest level of 57.3M tons.
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Global sunflower seed consumption amounted to X thousand tons in 2015, coming up by +X% against the previous year level.
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Global sunflower seed exports amounted to X thousand tons in 2015, descending by -X% against the previous year level.
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In 2015, the countries with the highest levels of sunflower seed production were Ukraine (X thousand tons), Russia (X thousand tons), Romania (X thousand tons), together accounting for X% of total output.
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The global sunflower seed market had total revenues of X billion USD in 2013, representing a compound annual growth rate (CAGR) of X% between 2007 and 2013.
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Recently, thanks to Takii & Company, LTD (Takii Seed), Van Gogh's famous sunflowers came to life as a bright and radiant maze at Museumplein in Amsterdam, the Netherlands. The company is a sponsor of the Van Gogh Museum in Amsterdam, and became, in
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Romania dominates in the global sunflower seed trade, strengthening its position in the global exports structure from X% in 2007 to X% in 2014. It's main trading partner was France, where it supplied X% of its total sunflower seed exports, acco
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Indonesia dominates in the global oil crop trade. In 2014, Indonesia exported X million tons of oil crops totaling X billion USD, X% over the previous year. Its primary trading partner was India, where it supplied X% of its total oil crop exports
