Belarus - 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 Belarus - 2022
Contents:
- Price for Crude Sunflower-Seed and Safflower Oil in Belarus (CIF) - 2022
- Price for Crude Sunflower-Seed and Safflower Oil in Belarus (FOB) - 2022
- Imports of Crude Sunflower-Seed and Safflower Oil in Belarus
- Exports of Crude Sunflower-Seed and Safflower Oil in Belarus
Price for Crude Sunflower-Seed and Safflower Oil in Belarus (CIF) - 2022
The average import price for crude sunflower-seed and safflower oil stood at $879 per ton in March 2022, shrinking by -17.2% against the previous month. Overall, the import price recorded a noticeable downturn. The pace of growth was the most pronounced in August 2021 when the average import price increased by 9.9% m-o-m. The import price peaked at $1,394 per ton in April 2021; however, from May 2021 to March 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Russia.
From March 2021 to March 2022, the rate of growth in terms of prices for Russia amounted to -3.2% per month.
Price for Crude Sunflower-Seed and Safflower Oil in Belarus (FOB) - 2022
In March 2022, the average export price for crude sunflower-seed and safflower oil amounted to $1,181 per ton, approximately equating the previous month. In general, the export price showed a noticeable contraction. The pace of growth appeared the most rapid in October 2021 an increase of 255% against the previous month. Over the period under review, the average export prices attained the peak figure at $1,977 per ton in March 2021; however, from April 2021 to March 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major foreign markets. In March 2022, the highest price was recorded for prices to Poland ($1,383 per ton) and Latvia ($1,291 per ton), while the average price for exports to Russia ($1,120 per ton) and Lithuania ($1,168 per ton) were amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+14.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Crude Sunflower-Seed and Safflower Oil in Belarus
After three years of growth, purchases abroad of crude sunflower-seed and safflower oil decreased by -19% to 13K tons in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +9.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +29.5% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 39% against the previous year. As a result, imports attained the peak of 15K tons, and then contracted sharply in the following year.
In value terms, crude sunflower-seed and safflower oil imports declined markedly to $12M in 2022. Over the period under review, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 109% against the previous year. As a result, imports attained the peak of $17M, and then contracted remarkably in the following year.
| Import of Crude Sunflower-Seed and Safflower Oil in Belarus (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 6.4 | 7.1 | 17.1 | 12.0 | 23.3% |
| Ukraine | 0.5 | 1.1 | 0.2 | 0.4 | -7.2% |
| Others | 0.1 | 0.1 | 0.1 | N/A | 0.0% |
| Total | 7.0 | 8.3 | 17.3 | 12.4 | 21.0% |
Top Suppliers of Crude Sunflower-Seed and Safflower Oil to Belarus in 2022:
- Russia (12.0K tons)
- Ukraine (0.5K tons)
Exports of Crude Sunflower-Seed and Safflower Oil in Belarus
In 2022, the amount of crude sunflower-seed and safflower oil exported from Belarus soared to 6.4K tons, rising by 28% on the previous year. Overall, exports saw significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 189%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, crude sunflower-seed and safflower oil exports skyrocketed to $8M in 2022. Over the period under review, exports saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 192%. The exports peaked in 2022 and are likely to see gradual growth in years to come.
| Export of Crude Sunflower-Seed and Safflower Oil in Belarus (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 0.9 | 3.7 | 4.7 | 7.7 | 104.5% |
| Russia | 0.2 | 0.1 | 0.2 | 0.3 | 14.5% |
| Norway | 0.2 | N/A | N/A | N/A | 0% |
| Estonia | N/A | N/A | 0.4 | N/A | 0% |
| Others | N/A | N/A | 0.6 | N/A | 0% |
| Total | 1.3 | 3.8 | 5.8 | 8.0 | 83.3% |
Top Export Markets for Crude Sunflower-Seed and Safflower Oil from Belarus in 2022:
- Lithuania (6.0K tons)
- Russia (0.3K tons)
This report provides an in-depth analysis of the market for crude sunflower-seed and safflower oil in Belarus. 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:
- Belarus
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Belarus
- 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
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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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