Singapore - 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 Singapore - 2022
Contents:
- Price for Crude Sunflower-Seed and Safflower Oil in Singapore (CIF) - 2022
- Price for Crude Sunflower-Seed and Safflower Oil in Singapore (FOB) - 2022
- Imports of Crude Sunflower-Seed and Safflower Oil in Singapore
- Exports of Crude Sunflower-Seed and Safflower Oil in Singapore
Price for Crude Sunflower-Seed and Safflower Oil in Singapore (CIF) - 2022
In September 2022, the average import price for crude sunflower-seed and safflower oil amounted to $2,468 per ton, growing by 2% against the previous month. Over the period under review, the import price showed prominent growth. The pace of growth was the most pronounced in January 2022 when the average import price increased by 73% against the previous month. Over the period under review, average import prices reached the maximum at $2,736 per ton in April 2022; however, from May 2022 to September 2022, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In September 2022, the country with the highest price was Russia ($2,437 per ton), while the price for Turkey totaled $1,645 per ton.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was attained by Russia (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Crude Sunflower-Seed and Safflower Oil in Singapore (FOB) - 2022
In 2022, the average export price for crude sunflower-seed and safflower oil amounted to $2,324 per ton, growing by 14% against the previous year. Over the period under review, export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, crude sunflower-seed and safflower oil export price increased by +83.9% against 2018 indices. The growth pace was the most rapid in 2021 an increase of 40% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Timor-Leste ($2,659 per ton) and Indonesia ($2,328 per ton), while the average price for exports to Brunei Darussalam ($2,051 per ton) and Cambodia ($2,157 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Papua New Guinea (+56.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Crude Sunflower-Seed and Safflower Oil in Singapore
After three years of growth, supplies from abroad of crude sunflower-seed and safflower oil decreased by -20.2% to 6K tons in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +8.5% 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 +27.9% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 29%. As a result, imports attained the peak of 7.5K tons, and then fell significantly in the following year.
In value terms, crude sunflower-seed and safflower oil imports skyrocketed to $9.4M in 2022. Overall, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +22.6% 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 +84.2% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 34% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.
| Import of Crude Sunflower-Seed and Safflower Oil in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | N/A | N/A | 5.8 | 9.2 | 58.6% |
| Malaysia | 1.7 | 2.1 | 1.3 | 0.1 | -61.1% |
| Ukraine | 3.3 | 4.6 | 0.9 | N/A | -47.8% |
| Others | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Total | 5.1 | 6.9 | 8.1 | 9.4 | 22.6% |
Top Suppliers of Crude Sunflower-Seed and Safflower Oil to Singapore in 2022:
- Ukraine (undefinedK tons)
- Malaysia (undefinedK tons)
- Russia (5.8K tons)
Exports of Crude Sunflower-Seed and Safflower Oil in Singapore
In 2022, after three years of growth, there was significant decline in overseas shipments of crude sunflower-seed and safflower oil, when their volume decreased by -82.3% to 23 tons. Over the period under review, exports showed a sharp downturn. The pace of growth appeared the most rapid in 2020 with an increase of 42% against the previous year.
In value terms, crude sunflower-seed and safflower oil exports reduced sharply to $54K in 2022. In general, exports saw a precipitous descent. The most prominent rate of growth was recorded in 2021 when exports increased by 90%. As a result, the exports reached the peak of $268K, and then fell dramatically in the following year.
| Export of Crude Sunflower-Seed and Safflower Oil in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cambodia | 47.3 | 55.2 | 74.6 | 21.1 | -23.6% |
| Brunei Darussalam | 38.7 | 37.2 | 112 | 15.7 | -26.0% |
| Indonesia | 10.8 | 17.9 | 65.3 | 11.3 | 1.5% |
| Timor-Leste | N/A | N/A | N/A | 1.7 | 0% |
| Nauru | 2.2 | 23.5 | N/A | N/A | 968.2% |
| Australia | 3.2 | 5.4 | 14.1 | N/A | 109.9% |
| Others | 4.6 | 1.5 | 1.8 | 4.2 | -3.0% |
| Total | 107 | 141 | 268 | 53.9 | -20.4% |
Top Export Markets for Crude Sunflower-Seed and Safflower Oil from Singapore in 2022:
- Cambodia (9.8 tons)
- Brunei Darussalam (7.6 tons)
- Indonesia (4.9 tons)
- Timor-Leste (0.6 tons)
This report provides an in-depth analysis of the market for crude sunflower-seed and safflower oil in Singapore. 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:
- Singapore
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Singapore
- 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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