Price for Oil Seeds; Sunflower Seeds, Whether or Not Broken in India - 2023

Contents:

1. Price for Oil Seeds; Sunflower Seeds, Whether or Not Broken in India (CIF) - 2023
2. Price for Oil Seeds; Sunflower Seeds, Whether or Not Broken in India (FOB) - 2022
3. Imports of Oil Seeds; Sunflower Seeds, Whether or Not Broken in India
4. Exports of Oil Seeds; Sunflower Seeds, Whether or Not Broken in India

Price for Oil Seeds; Sunflower Seeds, Whether or Not Broken in India (CIF) - 2023

In November 2023, the average import price for sunflower seed amounted to $656 per ton, with an increase of 14% against the previous month. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in December 2022 when the average import price increased by 42% m-o-m. As a result, import price reached the peak level of $917 per ton. From January 2023 to November 2023, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In November 2023, the country with the highest price was Argentina ($669 per ton), while the price for China stood at $652 per ton.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Bulgaria (+0.6%), while the prices for the other major suppliers experienced a decline.

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

The average export price for sunflower seed stood at $1,133 per ton in 2022, almost unchanged from the previous year. Over the period under review, the export price, however, saw a perceptible contraction. The pace of growth was the most pronounced in 2021 when the average export price increased by 31% against the previous year. Over the period under review, the average export prices attained the peak figure at $1,677 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($2,864 per ton), while the average price for exports to Australia ($706 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 Oman (+15.3%), 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 India

In 2022, the amount of sunflower seed imported into India soared to 4K tons, growing by 42% on the year before. Overall, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +16.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.1% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of sunflower seed skyrocketed to $2.8M in 2022. In general, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +23.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +89.1% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. China (1358.5 tons)
2. Uganda (873.1 tons)
3. Bulgaria (857.8 tons)
4. Ukraine (732.9 tons)
5. Kenya (99.9 tons)
6. Moldova (93.0 tons)

Exports of Oil Seeds; Sunflower Seeds, Whether or Not Broken in India

In 2022, approx. 1.3K tons of sunflower seed were exported from India; dropping by -15.5% on the previous year's figure. Over the period under review, exports showed a pronounced downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 15% against the previous year. As a result, the exports reached the peak of 1.5K tons, and then declined sharply in the following year.

In value terms, exports of sunflower seed reduced to $1.4M in 2022. Overall, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +9.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +30.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 50% against the previous year. As a result, the exports reached the peak of $1.7M, and then dropped in the following year.

Top Export Markets for Oil Seeds; Sunflower Seeds, Whether or Not Broken from India in 2022:

1. Philippines (665.0 tons)
2. Japan (99.3 tons)
3. United Kingdom (77.3 tons)
4. Bangladesh (73.9 tons)
5. New Zealand (52.1 tons)
6. Australia (50.0 tons)
7. Vietnam (49.2 tons)
8. United States (37.7 tons)
9. Bahrain (30.5 tons)
10. Saudi Arabia (26.0 tons)
11. Oman (25.0 tons)
12. Sri Lanka (24.6 tons)

Source: IndexBox Market Intelligence Platform