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

Contents:

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

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

In 2022, the average import price for sunflower seed amounted to $1,022 per ton, picking up by 23% against the previous year. Overall, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when the average import price increased by 64% against the previous year. As a result, import price attained the peak level of $1,198 per ton. From 2014 to 2022, the average 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 India ($1,098 per ton), while the price for the United Arab Emirates ($702 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+41.8%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average export price for sunflower seed amounted to $931 per ton, reducing by -30.9% against the previous year. Overall, the export price showed a noticeable descent. The most prominent rate of growth was recorded in 2015 when the average export price increased by 679% against the previous year. As a result, the export price reached the peak level of $10,733 per ton. From 2016 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Maldives ($1,398 per ton), while the average price for exports to the Netherlands amounted to $673 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Maldives (+1.5%).

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

In 2022, after three years of growth, there was significant decline in overseas purchases of sunflower seed, when their volume decreased by -53.1% to 39 tons. In general, imports, however, recorded resilient growth. The growth pace was the most rapid in 2020 when imports increased by 78% against the previous year.

In value terms, imports of sunflower seed contracted markedly to $40K in 2022. Over the period under review, imports, however, continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2020 with an increase of 73% against the previous year.

Import of Oil Seeds; Sunflower Seeds, Whether or Not Broken in Sri Lanka (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
India7.812.316.426.951.1%
China3.67.68.711.246.0%
United Arab Emirates0.1N/AN/A1.8162.1%
Czech RepublicN/A4.49.3N/A111.4%
ItalyN/A6.85.8N/A-14.7%
MadagascarN/A7.0N/AN/A0%
Ukraine6.04.53.8N/A-20.4%
Canada6.5N/AN/AN/A0%
Others4.36.025.1N/A141.6%
Total28.248.769.239.912.3%

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

  1. India (24.5 tons)
  2. China (11.9 tons)
  3. United Arab Emirates (2.6 tons)

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

In 2022, the amount of sunflower seed exported from Sri Lanka surged to 304 kg, jumping by 35% compared with 2021. Over the period under review, exports, however, faced a dramatic setback. The pace of growth was the most pronounced in 2020 when exports increased by 145% against the previous year. As a result, the exports attained the peak of 3.1 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of sunflower seed fell to $283 in 2022. Overall, exports, however, faced a dramatic slump. The most prominent rate of growth was recorded in 2020 when exports increased by 67%. As a result, the exports reached the peak of $2.4K. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Export of Oil Seeds; Sunflower Seeds, Whether or Not Broken in Sri Lanka (USD)
COUNTRY2019202020212022CAGR,
2019-2022
Maldives13.0156303151126.5%
NetherlandsN/AN/AN/A66.00%
Germany556N/AN/AN/A0%
United KingdomN/A1,714N/AN/A0%
Czech Republic864521N/AN/A-39.7%
OthersN/AN/AN/A66.00%
Total1,4332,391303283-41.8%

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

  1. Maldives (108.0 kg)
  2. Netherlands (98.0 kg)

Source: IndexBox Market Intelligence Platform

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