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

Contents:

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

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

The average import price for sunflower seed stood at $3,903 per ton in 2022, growing by 51% against the previous year. Over the period under review, the import price posted a resilient increase. The pace of growth appeared the most rapid in 2019 when the average import price increased by 56% against the previous year. The import price peaked in 2022 and is likely to continue growth in years to come.

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 Argentina ($4,251 per ton), while the price for Brazil ($689 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+16.9%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for sunflower seed stood at $17,816 per ton in 2022, picking up by 1,643% against the previous year. Over the period under review, the export price enjoyed a significant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Argentina.

From 2012 to 2022, the rate of growth in terms of prices for Brazil amounted to +37.6% per year.

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

In 2022, approx. 493 tons of sunflower seed were imported into Uruguay; dropping by -31.7% compared with 2021. In general, imports continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2021 when imports increased by 46% against the previous year. As a result, imports reached the peak of 722 tons, and then contracted rapidly in the following year.

In value terms, imports of sunflower seed rose modestly to $1.9M in 2022. Overall, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 116% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Import of Oil Seeds; Sunflower Seeds, Whether or Not Broken in Uruguay (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Argentina8686621,7581,88529.5%
Bulgaria12416710832.5-36.0%
Brazil35.634.1N/A7.4-40.8%
Others7.50.90.61.3-44.2%
Total1,0358651,8661,92623.0%

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

  1. Argentina (443.3 tons)
  2. Bulgaria (39.4 tons)
  3. Brazil (10.7 tons)

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

In 2022, the amount of sunflower seed exported from Uruguay dropped sharply to 9.7 tons, shrinking by -90.3% against 2021. Over the period under review, exports continue to indicate a precipitous descent. The smallest decline of -32.2% was in 2020.

In value terms, exports of sunflower seed soared to $173K in 2022. Overall, exports showed a mild reduction.

Export of Oil Seeds; Sunflower Seeds, Whether or Not Broken in Uruguay (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
ArgentinaN/AN/AN/A1730%
SpainN/AN/A9.9N/A0%
United StatesN/A11282.4N/A-26.4%
Bolivia181N/AN/AN/A0%
IsraelN/A24.1N/AN/A0%
Others0.10.110.0N/A900.0%
Total181136102173-1.5%

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

  1. Argentina (9.7 tons)

Source: IndexBox Market Intelligence Platform

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