United Kingdom - Sunflower Oilcake - Market Analysis, Forecast, Size, Trends And Insights
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View PricingNovember 2023 Sees a $15M Increase in UK's Import of Oilcake Made From Sunflowers.
United Kingdom Sunflower Oilcake Imports
In November 2023, approximately 45K tons of sunflower oilcake were imported into the UK; reducing by -3.2% against the month before. Over the period under review, imports, however, continue to indicate resilient growth. The growth pace was the most rapid in October 2023 with an increase of 11,909% month-to-month. As a result, imports reached the peak of 47K tons, and then reduced modestly in the following month.
In value terms, sunflower oilcake imports amounted to $15M (IndexBox estimates) in November 2023. In general, imports, however, posted a resilient expansion. The pace of growth was the most pronounced in October 2023 with an increase of 11,725% against the previous month.
| COUNTRY | Import Value of Sunflower Oilcake in United Kingdom (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | Oct 2023 | Nov 2023 | |
| Argentina | N/A | N/A | 6.8 | N/A | N/A | 8.8 | 2.7 | N/A | 6.6 | 9.4 | N/A | 12.3 | 9.9 |
| Netherlands | 3.0 | 0.7 | 4.0 | N/A | 2.3 | 0.6 | 1.4 | 2.1 | 1.9 | 2.3 | N/A | 1.3 | 1.8 |
| Portugal | N/A | 0.8 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.8 |
| Turkey | N/A | N/A | N/A | N/A | N/A | 3.8 | N/A | 5.0 | N/A | N/A | N/A | N/A | N/A |
| France | 3.0 | 0.7 | 2.5 | 2.0 | N/A | N/A | 3.3 | 1.4 | N/A | N/A | N/A | N/A | N/A |
| Others | 0.3 | 1.2 | 2.5 | 1.6 | 7.3 | 3.3 | 1.4 | 6.9 | 4.2 | 2.2 | 0.1 | 0.8 | 2.0 |
| Total | 6.3 | 3.4 | 15.8 | 3.5 | 9.6 | 16.5 | 8.8 | 15.4 | 12.8 | 13.8 | 0.1 | 14.4 | 14.6 |
Imports by Country
In November 2023, Argentina (29K tons) constituted the largest supplier of sunflower oilcake to the UK, with a 65% share of total imports. Moreover, sunflower oilcake imports from Argentina exceeded the figures recorded by the second-largest supplier, the Netherlands (6.7K tons), fourfold.
From November 2022 to November 2023, the average monthly rate of growth in terms of volume from Argentina stood at +5.1%. The remaining supplying countries recorded the following average monthly rates of imports growth: the Netherlands (-3.3% per month) and Portugal (+1.3% per month).
In value terms, Argentina ($9.9M) constituted the largest supplier of sunflower oilcake to the UK, comprising 68% of total imports. The second position in the ranking was held by the Netherlands ($1.8M), with a 12% share of total imports.
From November 2022 to November 2023, the average monthly growth rate of value from Argentina totaled +3.9%. The remaining supplying countries recorded the following average monthly rates of imports growth: the Netherlands (-4.3% per month) and Portugal (+0.7% per month).
Import Prices by Country
In November 2023, the sunflower oilcake price amounted to $322 per ton (CIF, United Kingdom), growing by 4.2% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 an increase of 22% m-o-m. Over the period under review, average import prices hit record highs at $426 per ton in April 2023; however, from May 2023 to November 2023, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In November 2023, the countries with the highest prices were Ukraine ($352 per ton) and Argentina ($337 per ton), while the price for Portugal ($251 per ton) and the Netherlands ($270 per ton) were amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by France (+5.4%), while the prices for the other major suppliers experienced a decline.
This report provides an in-depth analysis of the sunflower oilcake market in the UK. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10414150 - Oilcake and other solid residues resulting from the extraction of sunflower seed fats or oils
Country coverage:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
