Croatia - 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 Croatia - 2023
Contents:
- Price for Crude Sunflower-Seed and Safflower Oil in Croatia (CIF) - 2023
- Price for Crude Sunflower-Seed and Safflower Oil in Croatia (FOB) - 2023
- Imports of Crude Sunflower-Seed and Safflower Oil in Croatia
- Exports of Crude Sunflower-Seed and Safflower Oil in Croatia
Price for Crude Sunflower-Seed and Safflower Oil in Croatia (CIF) - 2023
In July 2023, the average import price for crude sunflower-seed and safflower oil amounted to $1,268 per ton, reducing by -9.5% against the previous month. Over the period under review, the import price recorded a perceptible reduction. The growth pace was the most rapid in November 2022 when the average import price increased by 6.9% month-to-month. Over the period under review, average import prices hit record highs at $1,994 per ton in July 2022; however, from August 2022 to July 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($3,999 per ton), while the price for Serbia ($943 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+8.6%), while the prices for the other major suppliers experienced a decline.
Price for Crude Sunflower-Seed and Safflower Oil in Croatia (FOB) - 2023
The average export price for crude sunflower-seed and safflower oil stood at $993 per ton in July 2023, which is down by -15.4% against the previous month. Over the period under review, the export price recorded a deep setback. The growth pace was the most rapid in March 2023 when the average export price increased by 27% m-o-m. Over the period under review, the average export prices hit record highs at $2,613 per ton in July 2022; however, from August 2022 to July 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was the Netherlands ($2,889 per ton), while the average price for exports to Austria ($892 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+0.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Crude Sunflower-Seed and Safflower Oil in Croatia
In 2022, overseas purchases of crude sunflower-seed and safflower oil decreased by -14.1% to 50K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +12.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +41.3% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 60% against the previous year. As a result, imports attained the peak of 58K tons, and then reduced in the following year.
In value terms, crude sunflower-seed and safflower oil imports skyrocketed to $85M in 2022. In general, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 121%. Imports peaked in 2022 and are likely to see gradual growth in years to come.
Import of Crude Sunflower-Seed and Safflower Oil in Croatia (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Hungary | 1.4 | 0.1 | 27.6 | 53.4 | 236.6% |
Serbia | 21.4 | 25.2 | 30.2 | 21.0 | -0.6% |
Netherlands | 1.1 | 2.0 | 2.5 | 3.4 | 45.7% |
Slovenia | 0.3 | 0.3 | 2.3 | 3.1 | 117.8% |
Bulgaria | 0.1 | 0.1 | 1.2 | 1.9 | 166.8% |
Italy | 0.2 | 0.5 | 0.1 | 1.6 | 100.0% |
Others | N/A | 1.0 | 0.5 | 0.4 | -36.8% |
Total | 24.5 | 29.2 | 64.5 | 84.7 | 51.2% |
Top Suppliers of Crude Sunflower-Seed and Safflower Oil to Croatia in 2022:
- Hungary (29.3K tons)
- Serbia (15.4K tons)
- Netherlands (1.9K tons)
- Slovenia (1.5K tons)
- Bulgaria (0.9K tons)
- Italy (0.8K tons)
Exports of Crude Sunflower-Seed and Safflower Oil in Croatia
In 2022, after two years of decline, there was significant growth in shipments abroad of crude sunflower-seed and safflower oil, when their volume increased by 216% to 26K tons. Overall, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, crude sunflower-seed and safflower oil exports surged to $52M in 2022. In general, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Crude Sunflower-Seed and Safflower Oil in Croatia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | N/A | N/A | N/A | 28.3 | 0% |
Italy | 3.4 | 5.0 | 0.3 | 9.2 | 39.3% |
Hungary | 2.1 | 0.4 | 5.3 | 6.6 | 46.5% |
Slovakia | 0.1 | N/A | N/A | 2.1 | 175.9% |
Czech Republic | 0.2 | N/A | N/A | 2.0 | 115.4% |
Austria | N/A | N/A | 0.5 | 1.1 | 120.0% |
Slovenia | 1.5 | 2.0 | 2.7 | 1.0 | -12.6% |
Poland | 0.7 | N/A | 0.6 | 0.2 | -34.1% |
Others | 0.3 | N/A | 2.2 | 1.3 | 63.0% |
Total | 8.3 | 7.5 | 11.6 | 51.8 | 84.1% |
Top Export Markets for Crude Sunflower-Seed and Safflower Oil from Croatia in 2022:
- Netherlands (12.9K tons)
- Italy (5.1K tons)
- Hungary (4.2K tons)
- Slovakia (1.3K tons)
- Czech Republic (1.0K tons)
- Slovenia (0.7K tons)
- Austria (0.6K tons)
- Poland (0.1K tons)
This report provides an in-depth analysis of the market for crude sunflower-seed and safflower oil in Croatia. 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:
- Croatia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Croatia
- 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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