Belgium - Sunflower-Seed And Safflower Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Sunflower-Seed and Safflower Oil in Belgium - 2023
Contents:
- Price for Sunflower-Seed and Safflower Oil in Belgium (CIF) - 2022
- Price for Sunflower-Seed and Safflower Oil in Belgium (FOB) - 2023
- Imports of Sunflower-Seed and Safflower Oil in Belgium
- Exports of Sunflower-Seed and Safflower Oil in Belgium
Price for Sunflower-Seed and Safflower Oil in Belgium (CIF) - 2022
The average sunflower-seed and safflower oil import price stood at $1,726 per ton in 2022, increasing by 27% against the previous year. In general, import price indicated a noticeable increase 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, sunflower-seed and safflower oil import price increased by +97.5% against 2019 indices. The growth pace was the most rapid in 2021 when the average import price increased by 47%. The import price peaked in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hungary ($1,946 per ton), while the price for Ukraine ($940 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Sunflower-Seed and Safflower Oil in Belgium (FOB) - 2023
The average sunflower-seed and safflower oil export price stood at $1,889 per ton in July 2023, reducing by -11.9% against the previous month. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 12% against the previous month. The export price peaked at $2,229 per ton in February 2023; however, from March 2023 to July 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In July 2023, the country with the highest price was Japan ($2,800 per ton), while the average price for exports to France ($1,598 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 UK (+2.7%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Sunflower-Seed and Safflower Oil in Belgium
In 2022, purchases abroad of sunflower-seed and safflower oil decreased by -2.6% to 406K tons, falling for the second year in a row after two years of growth. Overall, imports continue to indicate a slight decrease. The most prominent rate of growth was recorded in 2020 with an increase of 36%. As a result, imports reached the peak of 582K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, sunflower-seed and safflower oil imports soared to $700M in 2022. In general, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +23.2% 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 +86.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 44% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.
| Import of Sunflower-Seed and Safflower Oil in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 214 | 318 | 346 | 474 | 30.4% |
| France | 80.6 | 149 | 136 | 114 | 12.3% |
| Germany | 23.5 | 38.6 | 66.9 | 32.5 | 11.4% |
| Poland | 12.3 | 12.5 | 1.0 | 22.1 | 21.6% |
| Spain | 1.1 | 3.9 | 1.1 | 14.8 | 137.8% |
| Ukraine | 6.9 | 9.1 | 4.1 | 13.3 | 24.5% |
| Hungary | 15.9 | 3.8 | 4.4 | 10.3 | -13.5% |
| Others | 20.3 | 3.7 | 6.2 | 20.0 | -0.5% |
| Total | 375 | 538 | 566 | 700 | 23.1% |
Top Suppliers of Sunflower-Seed and Safflower Oil to Belgium in 2022:
- Netherlands (267.8K tons)
- France (68.8K tons)
- Germany (19.3K tons)
- Ukraine (14.1K tons)
- Poland (12.7K tons)
- Spain (8.5K tons)
- Hungary (5.3K tons)
Exports of Sunflower-Seed and Safflower Oil in Belgium
Sunflower-seed and safflower oil exports from Belgium reached 135K tons in 2022, flattening at the previous year. The total export volume increased at an average annual rate of +1.3% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 18%. As a result, the exports reached the peak of 153K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, sunflower-seed and safflower oil exports skyrocketed to $245M in 2022. Overall, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +18.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +66.7% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 29% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Sunflower-Seed and Safflower Oil in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 38.9 | 60.9 | 67.9 | 83.5 | 29.0% |
| France | 39.0 | 45.9 | 39.2 | 50.3 | 8.9% |
| Germany | 23.5 | 24.4 | 26.4 | 34.4 | 13.5% |
| United Kingdom | 16.1 | 24.1 | 30.4 | 32.4 | 26.3% |
| Poland | 4.1 | 4.4 | 5.3 | 11.4 | 40.6% |
| Ireland | 4.4 | 5.7 | 8.1 | 8.6 | 25.0% |
| Others | 21.2 | 24.5 | 21.5 | 24.6 | 5.1% |
| Total | 147 | 190 | 199 | 245 | 18.6% |
Top Export Markets for Sunflower-Seed and Safflower Oil from Belgium in 2022:
- Netherlands (46.6K tons)
- France (27.7K tons)
- United Kingdom (20.3K tons)
- Germany (17.4K tons)
- Ireland (6.0K tons)
- Poland (5.9K tons)
This report provides an in-depth analysis of the market for sunflower-seed and safflower oil in Belgium. 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:
- Belgium
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Belgium
- 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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