Price for Oil Seeds; Sunflower Seeds, Whether or Not Broken in the Dominican Republic - 2023

Contents:

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

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

The average import price for sunflower seed stood at $1,309 per ton in 2022, increasing by 9.9% against the previous year. Over the period under review, the import price, however, continues to indicate a mild contraction. The growth pace was the most rapid in 2021 when the average import price increased by 24% against the previous year. The import price peaked at $1,463 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($7,550 per ton), while the price for Argentina ($1,224 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+21.3%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for sunflower seed stood at $8,875 per ton in 2022, increasing by 15% against the previous year. Overall, the export price, however, showed a noticeable contraction. The most prominent rate of growth was recorded in 2021 when the average export price increased by 82% against the previous year. Over the period under review, the average export prices hit record highs at $21,060 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 Switzerland.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -8.7% per year.

Imports of Oil Seeds; Sunflower Seeds, Whether or Not Broken in the Dominican Republic

In 2022, overseas purchases of sunflower seed decreased by -49.4% to 378 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 59%.

In value terms, imports of sunflower seed contracted sharply to $495K in 2022. Over the period under review, imports, however, enjoyed significant growth. The growth pace was the most rapid in 2020 with an increase of 89%.

Import of Oil Seeds; Sunflower Seeds, Whether or Not Broken in the Dominican Republic (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Argentina20937467735319.1%
Canada4.714.012787.1164.6%
Bulgaria16.980.160.332.724.6%
Others29.722.925.322.1-9.4%
Total26049189049523.9%

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

  1. Argentina (288.5 tons)
  2. Canada (68.1 tons)
  3. Bulgaria (13.0 tons)

Exports of Oil Seeds; Sunflower Seeds, Whether or Not Broken in the Dominican Republic

After three years of growth, shipments abroad of sunflower seed decreased by -94.8% to 8 kg in 2022. In general, exports saw a perceptible decline. The most prominent rate of growth was recorded in 2020 when exports increased by 433%.

In value terms, exports of sunflower seed declined markedly to $71 in 2022. Over the period under review, exports showed a pronounced contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 487% against the previous year. As a result, the exports attained the peak of $1.2K, and then fell notably in the following year.

Export of Oil Seeds; Sunflower Seeds, Whether or Not Broken in the Dominican Republic (USD)
COUNTRY2019202020212022CAGR,
2019-2022
SwitzerlandN/AN/AN/A71.00%
SpainN/A200N/AN/A0%
United States50.04.035.0N/A-16.3%
Others27.0N/A1,163N/A556.3%
Total77.02041,19871.0-2.7%

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

  1. Switzerland (8.0 kg)

Source: IndexBox Market Intelligence Platform

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