Price for Oil Seeds; Sunflower Seeds, Whether or Not Broken in Algeria - 2022

Contents:

  1. Price for Oil Seeds; Sunflower Seeds, Whether or Not Broken in Algeria (CIF) - 2022
  2. Imports of Oil Seeds; Sunflower Seeds, Whether or Not Broken in Algeria

Price for Oil Seeds; Sunflower Seeds, Whether or Not Broken in Algeria (CIF) - 2022

The average import price for sunflower seed stood at $1,273 per ton in 2022, dropping by -5.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.7%. The pace of growth appeared the most rapid in 2013 when the average import price increased by 34% against the previous year. The import price peaked at $1,549 per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($1,490 per ton), while the price for Argentina ($793 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Oil Seeds; Sunflower Seeds, Whether or Not Broken in Algeria

In 2022, the amount of sunflower seed imported into Algeria soared to 14K tons, with an increase of 29% compared with the year before. The total import volume increased at an average annual rate of +8.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of sunflower seed soared to $18M in 2022. The total import value increased at an average annual rate of +13.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 28% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to continue growth in years to come.

Import of Oil Seeds; Sunflower Seeds, Whether or Not Broken in Algeria (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Turkey9.610.99.012.07.7%
China0.11.73.84.5255.7%
Argentina2.02.51.51.0-20.6%
Others0.60.90.60.75.3%
Total12.415.914.918.213.6%

Top Suppliers of Oil Seeds; Sunflower Seeds, Whether or Not Broken to Algeria in 2022:

  1. Turkey (9.6K tons)
  2. China (3.0K tons)
  3. Argentina (1.2K tons)

Source: IndexBox Market Intelligence Platform

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