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

Contents:

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

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

The average import price for sunflower seed stood at $1,015 per ton in 2022, with a decrease of -5.8% against the previous year. Overall, the import price saw a pronounced slump. The growth pace was the most rapid in 2019 an increase of 15%. The import price peaked at $1,647 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($1,174 per ton), while the price for China amounted to $1,007 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (-2.1%).

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

In 2022, the average export price for sunflower seed amounted to $1,699 per ton, jumping by 103% against the previous year. In general, the export price, however, showed a perceptible shrinkage. Over the period under review, the average export prices reached the maximum at $2,211 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($2,362 per ton), while the average price for exports to Singapore ($300 per ton) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+99.4%), 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 Myanmar

In 2022, imports of sunflower seed into Myanmar soared to 4K tons, with an increase of 164% on the previous year's figure. In general, imports saw significant growth. 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 $4.1M in 2022. Over the period under review, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Oil Seeds; Sunflower Seeds, Whether or Not Broken in Myanmar (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China5053701,1274,056100.3%
Thailand1903685161.0-82.6%
Others66.267.110.951.5-8.0%
Total7618051,6544,10875.4%

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

  1. China (4.0K tons)

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

For the third year in a row, Myanmar recorded decline in overseas shipments of sunflower seed, which decreased by -99.8% to 1.6 tons in 2022. Over the period under review, exports faced a significant decrease. The smallest decline of -47.2% was in 2021.

In value terms, exports of sunflower seed shrank notably to $2.7K in 2022. Overall, exports saw a dramatic shrinkage. The smallest decline of -59.6% was in 2021.

Export of Oil Seeds; Sunflower Seeds, Whether or Not Broken in Myanmar (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States9.31.1N/A2.4-36.3%
Australia0.5N/AN/A0.2-26.3%
Spain179N/AN/AN/A0%
Belgium268N/AN/AN/A0%
Malaysia1.2N/AN/AN/A0%
United Kingdom680N/AN/AN/A0%
India3,8151,599621N/A-59.7%
Singapore4892.5N/AN/A-99.5%
Others3730.827.6N/A-72.8%
Total5,8151,6046492.7-92.3%

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

  1. United States (1028.0 kg)
  2. Australia (360.0 kg)
  3. Singapore (150.0 kg)
  4. Malaysia (38.0 kg)

Source: IndexBox Market Intelligence Platform

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