Price for Oil Seeds; Sunflower Seeds, Whether or Not Broken in South Korea - 2022
Contents:
- Price for Oil Seeds; Sunflower Seeds, Whether or Not Broken in South Korea (CIF) - 2022
- Price for Oil Seeds; Sunflower Seeds, Whether or Not Broken in South Korea (FOB) - 2022
- Imports of Oil Seeds; Sunflower Seeds, Whether or Not Broken in South Korea
- Exports of Oil Seeds; Sunflower Seeds, Whether or Not Broken in South Korea
Price for Oil Seeds; Sunflower Seeds, Whether or Not Broken in South Korea (CIF) - 2022
In December 2022, the average import price for sunflower seed amounted to $1,921 per ton, increasing by 2.3% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2022 an increase of 9.5% month-to-month. The import price peaked at $2,061 per ton in September 2022; however, from October 2022 to December 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was the United States ($2,438 per ton), while the price for Bulgaria ($1,578 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+1.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Oil Seeds; Sunflower Seeds, Whether or Not Broken in South Korea (FOB) - 2022
In 2022, the average export price for sunflower seed amounted to $3,000 per ton, surging by 13% against the previous year. Over the period under review, the export price posted a notable increase. The pace of growth was the most pronounced in 2013 when the average export price increased by 39% against the previous year. Over the period under review, the average export prices reached the maximum at $8,688 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Japan.
From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to +87.0% per year.
Imports of Oil Seeds; Sunflower Seeds, Whether or Not Broken in South Korea
After three years of growth, supplies from abroad of sunflower seed decreased by -5.3% to 3.2K tons in 2022. The total import volume increased at an average annual rate of +1.6% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 9.4%. As a result, imports reached the peak of 3.4K tons, and then shrank in the following year.
In value terms, imports of sunflower seed expanded remarkably to $5.9M in 2022. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +15.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.9% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 37% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Oil Seeds; Sunflower Seeds, Whether or Not Broken in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1.8 | 1.6 | 2.3 | 2.6 | 13.0% |
| Bulgaria | 1.3 | 1.6 | 2.2 | 2.4 | 22.7% |
| China | 0.6 | 0.6 | 0.7 | 0.7 | 5.3% |
| Others | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Total | 3.8 | 3.9 | 5.3 | 5.9 | 15.8% |
Top Suppliers of Oil Seeds; Sunflower Seeds, Whether or Not Broken to South Korea in 2022:
- Bulgaria (1559.2 tons)
- United States (1227.5 tons)
- China (388.2 tons)
Exports of Oil Seeds; Sunflower Seeds, Whether or Not Broken in South Korea
In 2022, approx. 5.8 tons of sunflower seed were exported from South Korea; growing by 23% on the previous year. Overall, exports, however, continue to indicate a sharp curtailment.
In value terms, exports of sunflower seed surged to $17K in 2022. In general, exports, however, continue to indicate a sharp downturn.
| Export of Oil Seeds; Sunflower Seeds, Whether or Not Broken in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 17.3 | 14.3 | 7.3 | 17.4 | 0.2% |
| Myanmar | N/A | N/A | 5.2 | N/A | 0% |
| Russia | 36.2 | N/A | N/A | N/A | 0% |
| Others | 2.0 | N/A | N/A | N/A | 0% |
| Total | 55.5 | 14.3 | 12.5 | 17.4 | -32.1% |
Top Export Markets for Oil Seeds; Sunflower Seeds, Whether or Not Broken from South Korea in 2022:
- Japan (5.8 tons)
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This report provides an in-depth analysis of the sunflower seed market in Republic of Korea.
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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 Republic of Korea.
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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
