Sunflower Seed Market Overview in Australia
In value terms, sunflower seed production reduced notably to $ in 2019 estimated in export prices. Over the period under review, production recorded a abrupt contraction. The pace of growth appeared the most rapid in 2008 when the production volume increased by % y-o-y. As a result, production reached the peak level of $. From 2009 to 2019, production growth remained at a somewhat lower figure.
In 2019, the average sunflower seed yield in Australia declined to kg per ha, falling by -% compared with the year before. In general, the yield, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 when the yield increased by % y-o-y. Over the period under review, the average sunflower seed yield hit record highs at tonnes per ha in 2010; however, from 2011 to 2019, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In 2019, the harvested area of sunflower seed in Australia reduced remarkably to ha, waning by -% on the previous year. Overall, the harvested area continues to indicate a pronounced descent. The pace of growth appeared the most rapid in 2008 when the harvested area increased by % y-o-y. The sunflower seed harvested area peaked at ha in 2009; however, from 2010 to 2019, the harvested area remained at a lower figure.
The size of the sunflower seed market in Australia reached $ in 2019, approximately reflecting 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 continues to indicate 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 remained at a lower figure.