Ukraine was expected to produce **** million metric tons of wheat in the marketing year 2024/25. That would mark a slight decrease compared to the previous year. Ukraine is one of the leading wheat-producing regions worldwide.

Ukraine was expected to occupy almost ** percent of the global production volume of sunflower seed in the marketing year 2024/25. Furthermore, the country's rapeseed production was forecast to account for over **** percent of the total.

China was the leading export destination of agricultural products from Ukraine secured by the Black Sea Grain Initiative as of July 17, 2023, at ***** million metric tons. Furthermore, *** million metric tons went to Spain, while Turkey ranked third. Low and lower-middle income countries received nearly ** percent of grain exports from Ukraine under the agreement as of January 2023. On July 17, 2023, the Russian government announced that it suspended participation in the deal. Why was the Black Sea Grain Initiative suspended? The Black Sea Grain Initiative, an agreement between Ukraine, Russia, Turkey, and the United Nations that opened three Ukrainian ports for agricultural exports, was suspended by the Russian government on July 17, 2023. Russian authorities explained this decision by the alleged failure of the UN to comply with the second part of the agreement, which states that the UN would facilitate that international sanctions are not applied to Russian agricultural products. While the existing sanction regimes exclude Russian food and fertilizer exports, the Russian government argued that the measures imposed on the Russian Agricultural Bank and the fact that no vessel with Russian fertilizers had been sent since the launch of the initiative, hindered the implementation of the second part. How much of the world's agricultural exports comes from Ukraine? The Ukrainian grain market is one of the largest worldwide. In the trade year 2022/2023, Ukraine was the sixth-largest wheat-exporting region. Around **** percent of total wheat exports came from Ukraine in that period. Furthermore, the country accounted for nearly ** percent of global sunflower meal exports and ** percent of sunflower oil.

In 2024, Ukraine exported wheat worth almost 9** million U.S. dollars to Spain, which was the leading export destination of that commodity. Indonesia, to which Ukraine's wheat export value reached over *** million U.S. dollars, ranked second. In total, Ukraine's wheat exports exceeded *** billion U.S. dollars in that year. Ukrainian wheat exports As of the 2023/24 marketing year, Ukraine ranked sixth among the largest exporters of wheat worldwide with the total export volume reaching over ** million metric tons. The exports saw a decrease from the previous two crop years. Main importers of wheat from Ukraine As of June 2022, Benin and Mongolia fully relied on durum wheat imported from Ukraine. The most significant dependence on meslin supplies from Ukraine was reported by Mongolia and Armenia. Ukraine was also Tunisia’s leading wheat supplier, and as of March 2022, over ** percent of wheat imported to Somalia was of Ukrainian origin.

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Ukraine and Russia are major exporters of agricultural commodities, including wheat, corn, sunflower oil, and fertilizer. Together, they account for about 30% of the world's wheat exports, 60% of the world's sunflower oil exports, and 20% of the world's corn exports. The war in Ukraine has disrupted global food supplies, as Ukrainian ports have been blocked and Russian exports have been sanctioned. This has led to rising food prices and concerns about food shortages in some countries. The United Nations has warned that the war could have a "devastating impact" on global food security. Here are some specific examples of how the war in Ukraine has affected global food supplies:

Wheat prices have risen by more than 50% since the start of the war. Sunflower oil prices have doubled. The price of corn has risen by about 30%. The price of fertilizer has risen by more than 100%.

Data Dictionary

Ukraine was forecast to produce over ************ metric tons of barley in the marketing year 2024/25. That would be ** percent less than in the previous period. Over the observed time frame, Ukraine's barley production peaked in the marketing year 2021/22 at over *********** metric tons. Ukraine is among the leading barley-producing regions worldwide. Barley exports from Ukraine Barley is one of the main agricultural export commodities of Ukraine besides corn and wheat. The country’s barley exports were worth *** million U.S. dollars in 2022. In the marketing year 2024/25, Ukraine’s barley export volume was forecast to reach *********** metric tons. The exports sharply decreased following the Russian invasion of Ukraine. Turkey, Spain, and Libya are among Ukraine’s major barley export destinations. In 2022, Ukraine exported ******* metric tons of the grain to Turkey. Ukrainian agri-food exports after the Black Sea Grain Initiative Since the Russian government suspended the Black Sea Grain Initiative, under which Ukraine exported *********** metric tons of barley, the country has mainly shipped grains and other commodities via its own export corridor via the Black Sea. Another route is via Ukraine's Danube ports and Romania’s port of Constanta. Furthermore, the European Union has assisted Ukraine within its Solidarity Lanes Action Plan by offering the country additional transportation networks, infrastructure, faster customs operations, and storage of goods in the EU.

The highest ratio of oilseed imports to own production in 2022 was recorded in Bulgaria - ** percent. Regarding cereals, Slovakia and Hungary accounted for the largest share.

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Sunflower Market Size 2024-2028

The sunflower market size is forecast to increase by USD 9.6 billion at a CAGR of 6.38% between 2023 and 2028. The market exhibits significant growth, driven by the increasing demand for health products derived from sunflower oil. This demand is fueled by consumers' preference for edible oils that offer various health benefits, such as essential fatty acids and vitamin E. Furthermore, advancements in agriculture have led to the production of high-yielding sunflower hybrids increasing supply. However, the market faces challenges due to the volatility in oilseed crop prices, which can be attributed to the limited availability of arable land and seasonal weather conditions. This financial support facilitates access to high-quality seeds, advanced farming techniques, and efficient processing technologies. Additionally, the market for sunflower products extends beyond oil, with growing trends in snacks, bakery items, and autumn beauty products utilizing sunflower seeds and oil. Companies are capitalizing on this trend by offering a range of sunflower-based products, from black oil sunflower seeds to medical-grade sunflower oil. The market is poised for continued growth, as consumers seek out healthier alternatives and innovative uses for this versatile crop.

What will be the Size of the Market During the Forecast Period?

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The market in North America is a significant player in the agricultural and industrial sectors. The market encompasses various applications, including sunflower oil production, sunflower seeds for edible and decorative purposes, and biofuel production. Sunflowers, scientifically known as Helianthus annuus, are popular for their large, vibrant yellow flowers that symbolize autumn beauty and the Aztec sun. They offer numerous benefits, from edible uses to cosmetics and industrial applications. Sunflower oil, derived from sunflower seeds, is rich in essential fatty acids, including linoleic acid and oleic acid.

Moreover, these healthy fats contribute to the oil's high smoke point, making it a popular choice for cooking and food service providers. Additionally, sunflower oil is rich in vitamin E, an antioxidant that benefits both human health and the cosmetics industry. Sunflower seeds are consumed for their nutritional value, particularly their high protein and healthy fat content. They are also used for decorative purposes, such as bird feed and sunflower seed packets for gardening. Magnetic seed treatment, a modern innovation, enhances sunflower seed germination and growth. This technology improves the overall yield and quality of sunflower crops, making it an essential investment for farmers.

Furthermore, the food industry segment is a significant consumer of sunflower seeds and oil. Sunflower oil is used in various food applications, from baking and frying to salad dressings and sauces. Sunflower seeds are consumed as snacks, added to trail mixes, and used in baking and cooking. The cosmetics industry sector also benefits from sunflower derivatives. Sunflower oil and sunflower seed extracts are used in skincare and haircare products due to their moisturizing and antioxidant properties. Sunflower seeds and oil are also used as biofuel feedstocks. The production of biodiesel from sunflower oil is a sustainable alternative to traditional fossil fuels, contributing to the reduction of greenhouse gas emissions.

Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Type

  Oilseed
  Non-oilseed


Geography

  Europe



  APAC

    China


  South America

    Argentina


  North America



  Middle East and Africa

By Type Insights

The oilseed segment is estimated to witness significant growth during the forecast period. Sunflower oil, a popular health product derived from sunflower seeds, holds a significant market share in the health foods sector, particularly in countries like China and India. The Food Safety and Standards Authority of India (FSSAI) ensures the safety and authenticity of sunflower oil by regulating the use of organic ingredients. This region's preference for organic edible oils, including sunflower, canola, coconut, and soybean, is driven by their numerous health benefits. The increasing concern over oil adulteration has led consumers to opt for approved organic options, thereby fueling the demand for these products. As a result, the sales of organic edible oils are projected to grow substantially in the Asia Pacific (APAC) region during the forecast period.

In addition to their edible uses, sunflowers are also popular for their ornamental value and as snacks. For instance, the Chianti Hybrid sunflower is a decorative variety, while Arni

In the 2024/2025 marketing year, the top consumers of wheat globally were China, India, and the European Union. China consumed about 151 million metric tons of wheat that year. Wheat consumption worldwide is slowly increasing, growing by about eight percent since 2018/2019. Wheat production and trade Not only do they consume the most wheat, but China, the EU, and India are also the leading producers of wheat worldwide. Chine led global production, with about 136.6 million metric tons in 2023/24. Despite being a top producer, China also imports a great deal of wheat. In 2022, China imported about 3.8 billion U.S. dollars’ worth of wheat. Egypt has been one of the leading importer of wheat worldwide for the last several years. Wheat price Prices around the world have risen as of 2022. Many believe that the Russian invasion of Ukraine is to blame for the rising wheat prices and others believe it is the speculation of an impending food crisis that is driving up demand. The price of the most common variety of wheat grown in the U.S., hard red winter wheat, reached an all-time high in May 2022, reaching over 522 dollars per metric ton. Globally, the real household income is expected to decline by about 1.57 percent due to the increased cost of wheat and corn. Some countries will experience a decline of over five percent, showing the real impact that growing prices have on consumers across the world.

In 2021, iron and manganese ore was the most exported product of Ukraine, amounting to ** percent of the total rail exports registered that year. These commodities are generally used in the iron and steel manufacturing industries. That year, cereal (grain) cargoes ranked second most exported goods, with ** percent of the rail export share.

The agricultural area used for the production of winter rapeseed in Ukraine saw an increase in 2024 compared to 2021. In the latest year observed, the area planted under the commodity in question fell to approximately *** million hectares. The country was forecast to occupy an over ****-percent share in the global production volume of rapeseed during the marketing year 2024/25.

In 2023, Brazil was the leading exporter of corn worldwide, with an export volume of 55.9 million metric tons. The United States ranked second, with 46 million metric tons exported, followed by Ukraine, with 26.4 million metric tons of corn exported. Global supply and demand Beyond its role as a global food source, corn serves as a versatile raw material for diverse industries. Its applications range from animal feed and ethanol production to the manufacturing of sweeteners, starches, cereals, beverages, and seeds. Worldwide corn production in 2022/23 reached over **** billion metric tons and was forecasted to slightly increase in 2023/24. This massive production is met with equally substantial demand, as global corn consumption is forecasted to reach nearly ** billion bushels in 2023/24. U.S. dominance The United States produced nearly a third of the world's corn in 2023/24. The Corn Belt, a region in the U.S. Midwest, is the primary source of this production. Corn has been the dominant crop in this area since the 1850. The United States is expected to be the world's largest corn producer in 2023/2024, producing just under *** million metric tons. While China and Brazil are the second and third-largest producers, respectively.

The monthly average price for normal wheat in Egypt amounted to 22.05 Egyptian pounds (0.71 U.S. dollars) per kilogram as of May 2023. During the period reviewed, the price was the highest ever recorded and increased slightly compared to the previous month, registering a growth of almost 1.9 percent. In November 2019, the average price dropped by one Egyptian pound and stayed constant until May 2020 before fluctuating and increasing in general. The previous relative stability in wheat prices was caused by the extensive involvement of the Egyptian government in all parts of the wheat value chain.   

A major crop for the Egyptians     

Grains constitute Egypt's most important crop group, with wheat as the most important grain of all. In 2021, the country produced nine million metric tons of the crop. Yet Egyptians consumed more than twice that number. The grain is fundamental to the Egyptian population's food staple. In order to meet a demand that is higher than the local production, the country imports the majority of its wheat. In fact, Egypt has held its position as the largest wheat importer globally for years.

Several shocks to the Egyptian grain market     

The increases in the crop's price since September 2021 were a result of several reasons. The increases in the global average price of cereals, as well as crops affected by weather conditions in major export nations were among the main causes. Furthermore, the Russia-Ukraine war has severe implications on the wheat supply globally and in Egypt. Both countries are leading wheat import partners of Egypt, aggregating 85 percent of the country's wheat imports in 2020. As of the same year, the volume of wheat imported from Russia stood at 14 million metric tons.