Algeria - Crude Sunflower-Seed And Safflower Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Crude Sunflower-Seed and Safflower Oil in Algeria - 2022
Contents:
- Price for Crude Sunflower-Seed and Safflower Oil in Algeria (CIF) - 2022
- Price for Crude Sunflower-Seed and Safflower Oil in Algeria (FOB) - 2022
- Imports of Crude Sunflower-Seed and Safflower Oil in Algeria
- Exports of Crude Sunflower-Seed and Safflower Oil in Algeria
Price for Crude Sunflower-Seed and Safflower Oil in Algeria (CIF) - 2022
In 2022, the average import price for crude sunflower-seed and safflower oil amounted to $862 per ton, which is down by -32.7% against the previous year. Overall, the import price continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2021 when the average import price increased by 78% against the previous year. As a result, import price reached the peak level of $1,281 per ton, and then contracted remarkably in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Argentina ($2,216 per ton), while the price for Russia ($447 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+4.4%), while the prices for the other major suppliers experienced a decline.
Price for Crude Sunflower-Seed and Safflower Oil in Algeria (FOB) - 2022
The average export price for crude sunflower-seed and safflower oil stood at $610 per ton in 2022, flattening at the previous year. Over the period under review, the export price saw a deep slump. The pace of growth appeared the most rapid in 2020 when the average export price increased by 72%. Over the period under review, the average export prices attained the maximum at $1,607 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($10,500 per ton), while the average price for exports to Canada stood at $607 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+20.8%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Crude Sunflower-Seed and Safflower Oil in Algeria
Crude sunflower-seed and safflower oil imports into Algeria soared to 37K tons in 2022, increasing by 97% compared with 2021. Overall, imports, however, saw a noticeable slump.
In value terms, crude sunflower-seed and safflower oil imports skyrocketed to $32M in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +5.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -19.8% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 44%. As a result, imports attained the peak of $40M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Crude Sunflower-Seed and Safflower Oil in Algeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | 13.2 | 17.2 | 14.1 | 17.1 | 9.0% |
| Russia | 10.2 | 16.9 | 8.7 | 10.1 | -0.3% |
| Ukraine | 4.1 | 5.5 | 1.0 | 3.5 | -5.1% |
| Turkey | N/A | N/A | N/A | 1.2 | 0% |
| Others | N/A | N/A | 0.2 | N/A | 0% |
| Total | 27.5 | 39.7 | 24.0 | 31.8 | 5.0% |
Top Suppliers of Crude Sunflower-Seed and Safflower Oil to Algeria in 2022:
- Russia (22.6K tons)
- Argentina (7.7K tons)
- Ukraine (5.1K tons)
- Turkey (1.6K tons)
Exports of Crude Sunflower-Seed and Safflower Oil in Algeria
In 2022, approx. 9.9 tons of crude sunflower-seed and safflower oil were exported from Algeria; dropping by -38.2% on 2021 figures. Over the period under review, exports, however, showed a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 324%. As a result, the exports reached the peak of 16 tons, and then plummeted in the following year.
In value terms, crude sunflower-seed and safflower oil exports dropped dramatically to $6K in 2022. In general, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 354%. As a result, the exports reached the peak of $9.9K, and then shrank rapidly in the following year.
| Export of Crude Sunflower-Seed and Safflower Oil in Algeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | N/A | 2.0 | 9.8 | 6.0 | 73.2% |
| France | 1.3 | N/A | N/A | N/A | 0% |
| Others | 0.2 | 0.2 | 0.1 | N/A | -29.3% |
| Total | 1.5 | 2.2 | 9.9 | 6.0 | 58.7% |
Top Export Markets for Crude Sunflower-Seed and Safflower Oil from Algeria in 2022:
- Canada (9.9 tons)
This report provides an in-depth analysis of the market for crude sunflower-seed and safflower oil in Algeria. 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:
- FCL 268 - Oil of Sunflower Seed
- FCL 281 - Oil of Safflower Seed
Country coverage:
- Algeria
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Algeria
- 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
-
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
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Over the past year, the prices for sunflower oil have doubled, against robust demand and depleting sunflower seed stocks. The dry weather conditions negatively affected the sunflower crop yield in 2020, but the market is now seeing a sturdy recovery. The production of sunflower oil is forecast to increase in 2021 driven by strong demand that promotes investments in the expansion of harvested areas.
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