Sunflower Seed Market Overview in Argentina
In value terms, sunflower seed production shrank notably to $ in 2019 estimated in export prices. Over the period under review, production saw a perceptible descent. The pace of growth was the most pronounced in 2008 with an increase of % y-o-y. As a result, production reached the peak level of $. From 2009 to 2019, production growth remained at a lower figure.
The average yield of sunflower seed in Argentina fell to tonnes per ha in 2019, which is down by -% compared with 2018 figures. The yield figure increased at an average annual rate of +% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2011 with an increase of % year-to-year. Over the period under review, the average sunflower seed yield attained the maximum level at tonnes per ha in 2015; however, from 2016 to 2019, the yield failed to regain the momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In 2019, the total area harvested in terms of sunflower seed production in Argentina rose significantly to ha, surging by % against 2018. Overall, the harvested area, however, showed a slight setback. The most prominent rate of growth was recorded in 2017 with an increase of % year-to-year. Over the period under review, the harvested area dedicated to sunflower seed production attained the peak figure at ha in 2008; however, from 2009 to 2019, the harvested area remained at a lower figure.
The revenue of the sunflower seed market in Argentina shrank to $ in 2019, falling by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 with an increase of % y-o-y. As a result, consumption reached the peak level of $. From 2009 to 2019, the growth of the market failed to regain the momentum.