General trends in sunflower meal and pulp imports to China

According to the General Administration of Customs of the PRC, in 2024, China reduced imports of sunflower meal and pulp compared to 2023 by 14% or 409.9 thousand tons to 2.528 million tons, although over the past 6 years it has significantly increased the purchase of these products, the Agribusiness Analytical Center reports.

 

In particular, in December 2024, imports of sunflower meal and pulp amounted to 127.2 thousand tons, which is 63.9% lower than in December 2023 (352.8 thousand tons).

 

Almost 72.4% of the total volume of sunflower meal and pulp imported to the PRC in 2024, or 1.830 million tons, was supplied from Ukraine, 14% or 354.9 thousand tons – from the Russian Federation, 11.6% or 292.1 thousand tons – from Bulgaria, 2% or 50.6 thousand tons – from Kazakhstan. No meal was imported from other countries.

 

 

In 2024, the average price of sunflower meal and pulp supplied to China decreased by 17.2% compared to the previous year to $325.9/t. The cheapest meal to China was supplied by Kazakhstan ($217.2/t), slightly more expensive - by Ukraine ($324.6/t) and the Russian Federation ($3331.6/t), while meal from Bulgaria turned out to be the most expensive and had a price of $346.5/t.

 

In particular, in December 2024, the average cost of sunflower meal and pulp at the customs of the Republic of Kazakhstan was $292/t, which is 25.9% lower than in December 2023.

 

It is worth noting that the prices are calculated as the ratio of the declared value of supplies to the volume of supplies at Chinese customs, i.e. the estimated price is given taking into account the duties and fees paid in the sending countries and the cost of delivery, but before paying duties and fees in China. This indicator is an indicator of market trends and may differ from real market prices.