Source: Ukragroconsult (Ukraine)
Moldova’s sunflower seeds exports experienced a surge. The country achieved a record high for the past four years in the 2023/2024 season. The data was shared by EastFruit analysts. Previously, the export volumes were significantly lower.
Key Export Statistics of Sunflower Seeds for 2023/2024
Moldova managed to export 77,000 tonnes of sunflower seeds. This impressive figure marks a significant increase. It represents a substantial rise from the previous seasons. In comparison, exports totaled 46,000 tonnes last season. Moreover, this is almost double the 42,000 tonnes exported the season before that. This export volume is the highest since the 2019/2020 season. During that period, 82,000 tonnes were exported.
This season’s success is especially remarkable. Factors include increased production and favorable market conditions. A key driver was the reduction of the export duty. This change occurred in July 2023. As a result, exports became more competitive. Therefore, Moldovan sunflower seeds became more attractive to international buyers.
However, sunflower oil exports have seen a decrease. These exports have decreased from Moldova. Ukraine remains a strong competitor in this market. It continues to impact Moldova’s sunflower oil exports.
Additionally, the primary destinations for Moldovan sunflower seeds are the EU countries. Romania, Bulgaria, and Portugal are key importers. Other important markets include Turkey and Israel. These countries contribute significantly to Moldova’s export success.
Furthermore, despite logistical challenges, Moldova has demonstrated resilience. They navigated the complexities of international trade effectively. This resilience is a testament to the country’s agricultural sector.
Therefore, the record exports indicate a positive trend. The trend suggests growing competitiveness. The Moldovan sunflower seeds sector shows promise. This is true for future growth.
In conclusion, Moldova’s exports have reached a new high. The increase signals strong growth. The growth highlights the potential of the agricultural sector. This positive trend shows the successful adaptation to changing market conditions.
