China - 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 China - 2023
Contents:
- Price for Crude Sunflower-Seed and Safflower Oil in China (CIF) - 2023
- Price for Crude Sunflower-Seed and Safflower Oil in China (FOB) - 2022
- Imports of Crude Sunflower-Seed and Safflower Oil in China
- Exports of Crude Sunflower-Seed and Safflower Oil in China
Price for Crude Sunflower-Seed and Safflower Oil in China (CIF) - 2023
The average import price for crude sunflower-seed and safflower oil stood at $951 per ton in September 2023, reducing by -3.1% against the previous month. Overall, the import price showed a noticeable curtailment. The growth pace was the most rapid in February 2023 an increase of 3.1% month-to-month. The import price peaked at $1,720 per ton in September 2022; however, from October 2022 to September 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In September 2023, the countries with the highest prices were Ukraine ($1,064 per ton) and Bulgaria ($986 per ton), while the price for Kazakhstan ($868 per ton) and Russia ($922 per ton) were amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Kazakhstan (-4.0%), while the prices for the other major suppliers experienced a decline.
Price for Crude Sunflower-Seed and Safflower Oil in China (FOB) - 2022
In 2022, the average export price for crude sunflower-seed and safflower oil amounted to $2,413 per ton, with an increase of 32% against the previous year. Over the period under review, the export price enjoyed a tangible expansion. The pace of growth was the most pronounced in 2021 an increase of 63% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Singapore.
From 2012 to 2022, the rate of growth in terms of prices for Malaysia amounted to +15.4% per year.
Imports of Crude Sunflower-Seed and Safflower Oil in China
In 2022, purchases abroad of crude sunflower-seed and safflower oil decreased by -52.9% to 596K tons, falling for the second consecutive year after two years of growth. Overall, imports recorded a sharp slump. The most prominent rate of growth was recorded in 2020 when imports increased by 61% against the previous year. As a result, imports reached the peak of 1.9M tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, crude sunflower-seed and safflower oil imports dropped remarkably to $845M in 2022. Over the period under review, imports recorded a slight downturn. The most prominent rate of growth was recorded in 2020 with an increase of 73% against the previous year. As a result, imports attained the peak of $1.5B. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Crude Sunflower-Seed and Safflower Oil in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ukraine | 620 | 912 | 914 | 420 | -12.2% |
| Russia | 233 | 567 | 375 | 329 | 12.2% |
| Kazakhstan | 25.9 | 35.1 | 12.2 | 91.2 | 52.1% |
| Others | 3.3 | 13.0 | 23.8 | 5.3 | 17.1% |
| Total | 882 | 1,527 | 1,324 | 845 | -1.4% |
Top Suppliers of Crude Sunflower-Seed and Safflower Oil to China in 2022:
- Ukraine (315.2K tons)
- Russia (213.5K tons)
- Kazakhstan (64.2K tons)
Exports of Crude Sunflower-Seed and Safflower Oil in China
In 2022, overseas shipments of crude sunflower-seed and safflower oil were finally on the rise to reach 626 tons after two years of decline. Over the period under review, exports, however, showed a precipitous curtailment.
In value terms, crude sunflower-seed and safflower oil exports soared to $1.5M in 2022. In general, exports, however, continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2021 when exports increased by 34% against the previous year.
| Export of Crude Sunflower-Seed and Safflower Oil in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 2.0 | 0.8 | 1.1 | 1.5 | -9.1% |
| Malaysia | 0.7 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 2.8 | 0.8 | 1.1 | 1.5 | -18.8% |
Top Export Markets for Crude Sunflower-Seed and Safflower Oil from China in 2022:
- Singapore (623.9 tons)
This report provides an in-depth analysis of the market for crude sunflower-seed and safflower oil in China. 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:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- 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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