Market research

Sunflower-seed oilcake market in Latin America and the Caribbean

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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"Latin America and the Caribbean" region includes following countries:

Argentina

Bolivia

Bouvet Island

Brazil

Chile

Colombia

Ecuador

Falkland Islands (Malvinas)

South Georgia and the South Sandwich Islands

French Guiana

Guyana

Paraguay

Peru

Suriname

Uruguay

Venezuela

Belize

Costa Rica

El Salvador

Guatemala

Honduras

Mexico

Nicaragua

Panama

Antigua and Barbuda

the Bahamas

Barbados

British Virgin Islands

Cayman Islands

Cuba

Dominica

Dominican Republic

Grenada

Guadeloupe

Haiti

Jamaica

Martinique

Montserrat

Curacao

Aruba

Saint Maarten (Dutch part)

Bonaire

Puerto Rico

Saint-Barthélemy

Saint Kitts and Nevis

Anguilla

Saint Lucia

Saint-Martin (French Part)

Saint Vincent and the Grenadines

Trinidad and Tobago

Turks and Caicos Islands

United States Virgin Islands

Earlier Report Observations

The sunflower-seed oilcake market in Latin America and the Caribbean began the period with a volume of 1 089 thousand tons in 2018, supported by growing sunflower oil production and the use of by-products for animal feed. The market contracted to 702 thousand tons in 2019 as exports surged. In 2020, the COVID-19 pandemic disrupted supply chains, reducing production but also lowering exports and raising imports, which helped the market recover to 885 thousand tons.

A sharp rebound followed in 2021, with market volume jumping to 1 474 thousand tons. This was driven by record sunflower production in Argentina and rising demand for high-oleic sunflower oils, which boosted oilcake output. The geopolitical crisis in Ukraine and Russia in 2022 altered global trade flows, increasing export demand for Latin American oilcake and drawing supplies abroad, which reduced domestic market volume to 1 142 thousand tons.

Production reached a new high in 2023, exceeding 2 million tons for the first time, fueled by record sunflower sowing in Brazil and diversification into cosmetics and biofuels. This output growth lifted the market volume to 1 294 thousand tons despite strong exports. Into 2024, world sunflower oil demand remained elevated, keeping exports active and supporting continued production investment in the region.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Latin America and the Caribbean
  1. 5.1.1. Annual dynamics of production in Latin America and the Caribbean in kind, 2018-2023, K t
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, K t
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, K t
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Imports
1. 6.1. Imports (Direct Data*)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, K t
    1. 6.1.2.1. Annual dynamics of product's imports to Argentina in kind, 2018-2024, K t
    2. 6.1.2.2. Dynamics of product's imports in kind to Argentina by countries, 2018-2024, K t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, M $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Argentina in value, 2018-2024, M $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Argentina by countries, 2018-2024, M $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Argentina, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Argentina by countries, 2018-2024, $ US/t
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, K t
    1. 6.2.2.1. Annual dynamics of product's imports to Argentina in kind, 2018-2024, K t
    2. 6.2.2.2. Dynamics of product's imports in kind to Argentina by countries, 2018-2024, K t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, M $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Argentina in value, 2018-2024, M $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Argentina by countries, 2018-2024, M $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Argentina, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Argentina by countries, 2018-2024, $ US/t
7. Exports
1. 7.1. Exports (Direct Data*)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, K t
    1. 7.1.2.1. Annual dynamics of product's exports from Argentina in kind, 2018-2024, K t
    2. 7.1.2.2. Dynamics of product's exports in kind from Argentina by countries, 2018-2024, K t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, M $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Argentina in value, 2018-2024, M $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Argentina by countries, 2018-2024, M $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's exports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Argentina, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from Argentina by countries, 2018-2024, $ US/t
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, K t
    1. 7.2.2.1. Annual dynamics of product's exports from Argentina in kind, 2018-2024, K t
    2. 7.2.2.2. Dynamics of product's exports in kind from Argentina by countries, 2018-2024, K t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, M $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Argentina in value, 2018-2024, M $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Argentina by countries, 2018-2024, M $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's exports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Argentina, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from Argentina by countries, 2018-2024, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, K t
  2. 8.1.2. In value, M $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, K t
  2. 8.2.2. In value, M $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production sunflower-seed oilcake in Latin America and the Caribbean

In kind, 2017-2020, K t

Top producers of sunflower-seed oilcake, 2017-2020

Source: SHEV.io

World map of production of sunflower-seed oilcake, 2017-2020

Source: SHEV.io

Sunflower-seed oilcake production in Latin America and the Caribbean declined after two years of growth. In 2019, output reached its peak at 1 522 K t, but by 2020 it had fallen to 1 170 K t, representing a 23.1% decrease from the previous year. Over the 2017-2020 period, production dropped by 21.2%, with an average annual decline of 7.6%. The largest year-on-year increase occurred in 2018, when production rose by 2.2%.

Annual dynamics of production in Latin America and the Caribbean in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	2.2%	0.3%	(23.1%)	(7.6%)

Source: SHEV.io

In value, 2017-2020, M $ US

Sunflower-seed oilcake production in Latin America and the Caribbean declined for the second consecutive year. In 2020, the output was valued at 223.8 M $ US, marking a significant 17.4% decrease compared to 2019. Between 2017 and 2020, production value fell by 6.3%, equivalent to an average annual decline of 2.2%. The highest value was recorded in 2018 at 306.1 M $ US, which also saw the largest increase of 28.1%.

Annual dynamics of production in Latin America and the Caribbean in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	28.1%	(11.4%)	(17.4%)	(2.2%)

Source: SHEV.io

Exports sunflower-seed oilcake from Latin America and the Caribbean

Exports in kind, K t

In 2020, sunflower-seed oilcake exports from Latin America and the Caribbean amounted to 434.3 K t, showing a dramatic 52.1% reduction from 2019. Over the 2017-2020 period, exports decreased by 48.8%, with an average annual decline of 20.0%. The peak export volume was in 2019 at 906.8 K t, which also experienced the largest increase of 69.7%.

Annual dynamics of product's exports from Latin America and the Caribbean in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(37.0%)	69.7%	(52.1%)	(20.0%)

Source: SHEV.io

Between 2017 and 2020, the Netherlands, the United Kingdom, and Spain were the three main markets for sunflower-seed oilcake exports from Latin America and the Caribbean, collectively accounting for 57.7% of total export volumes.

Structure of product's exports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Latin America and the Caribbean in kind, 2017-2020

Source: SHEV.io

Exports in value, M $ US

In 2020, the value of sunflower-seed oilcake exports from Latin America and the Caribbean was 83.1 M $ US, a 48.6% decrease from the previous year. From 2017 to 2020, export value fell by 39.2%, with an average annual decline of 15.3%. The highest value was recorded in 2019 at 161.5 M $ US, which also saw the largest increase of 49.8%.

Annual dynamics of product's exports from Latin America and the Caribbean in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(21.1%)	49.8%	(48.6%)	(15.3%)

Source: SHEV.io

From 2017 to 2020, the Netherlands, the United Kingdom, and Saudi Arabia were the top three markets for sunflower-seed oilcake exports from Latin America and the Caribbean in value terms, together absorbing 55.0% of total export value.

Structure of product's exports in value by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Latin America and the Caribbean in value, 2017-2020

Source: SHEV.io

Imports sunflower-seed oilcake to Latin America and the Caribbean

Imports in kind, K t

Import volumes of sunflower-seed oilcake in Latin America and the Caribbean showed irregular changes, indicating a volatile market. In 2019, imports hit their lowest point at 86.9 K t, but by 2020 they had risen to 149.7 K t, a 72.3% increase from the previous year. This created a 1.7-fold difference between the low in 2019 and the high in 2020. The largest decline occurred in 2018, with an 18.2% drop.

Annual dynamics of product's imports to Latin America and the Caribbean in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(18.2%)	(18.0%)	72.3%	5.0%

Source: SHEV.io

Structure of product's imports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Latin America and the Caribbean in kind, 2017-2020

Source: SHEV.io

Imports in value, M $ US

After two years of decline, sunflower-seed oilcake imports in Latin America and the Caribbean increased in 2020. The import value reached 38.0 M $ US, up 69.7% from 2019. Over the 2017-2020 period, imports grew by 34.8%, with an average annual increase of 10.5%. The lowest value was in 2019 at 22.4 M $ US, which also experienced the largest decline of 19.7%.

Annual dynamics of product's imports to Latin America and the Caribbean in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(1.1%)	(19.7%)	69.7%	10.5%

Source: SHEV.io

Between 2017 and 2020, Canada, Italy, and the United States were the largest contributors to sunflower-seed oilcake imports in value terms for Latin America and the Caribbean. Canada accounted for 1.7% of imports, Italy for 1.4%, and the United States for 0.7%, together making up 3.8% of total import value.

Structure of product's imports in value by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Latin America and the Caribbean in value, 2017-2020

Source: SHEV.io