China - 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 China - 2023
Contents:
- Price for Sunflower-Seed and Safflower Oil in China (CIF) - 2023
- Price for Sunflower-Seed and Safflower Oil in China (FOB) - 2023
- Imports of Sunflower-Seed and Safflower Oil in China
- Exports of Sunflower-Seed and Safflower Oil in China
Price for Sunflower-Seed and Safflower Oil in China (CIF) - 2023
The average sunflower-seed and safflower oil import price stood at $952 per ton in September 2023, declining by -3.2% against the previous month. In general, the import price recorded a pronounced setback. The most prominent rate of growth was recorded in February 2023 an increase of 3.2% against the previous month. The import price peaked at $1,726 per ton in September 2022; however, from October 2022 to September 2023, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In September 2023, the highest price was recorded for prices from Ukraine ($1,064 per ton) and Bulgaria ($986 per ton), while the price for Kazakhstan ($868 per ton) and Russia ($920 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 Sunflower-Seed and Safflower Oil in China (FOB) - 2023
In August 2023, the average sunflower-seed and safflower oil export price amounted to $2,564 per ton, which is down by -27.6% against the previous month. Overall, the export price continues to indicate a slight reduction. The most prominent rate of growth was recorded in January 2023 an increase of 46% m-o-m. Over the period under review, the average export prices hit record highs at $4,263 per ton in February 2023; however, from March 2023 to August 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Thailand ($4,319 per ton), while the average price for exports to Singapore ($1,449 per ton) was amongst the lowest.
From September 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+14.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Sunflower-Seed and Safflower Oil in China
In 2022, overseas purchases of sunflower-seed and safflower oil decreased by -52.8% to 605K tons, falling for the second year in a row after two years of growth. In general, imports faced a sharp downturn. The pace of growth was the most pronounced in 2020 with an increase of 59%. As a result, imports attained the peak of 2M tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, sunflower-seed and safflower oil imports reduced dramatically to $861M in 2022. Over the period under review, imports saw a perceptible reduction. The most prominent rate of growth was recorded in 2020 with an increase of 70% against the previous year. As a result, imports reached the peak of $1.6B. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Sunflower-Seed and Safflower Oil in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ukraine | 641 | 930 | 925 | 425 | -12.8% |
| Russia | 239 | 575 | 381 | 335 | 11.9% |
| Kazakhstan | 28.0 | 35.5 | 12.3 | 91.6 | 48.4% |
| Others | 13.7 | 24.7 | 30.0 | 9.5 | -11.5% |
| Total | 921 | 1,566 | 1,348 | 861 | -2.2% |
Top Suppliers of Sunflower-Seed and Safflower Oil to China in 2022:
- Ukraine (318.9K tons)
- Russia (216.8K tons)
- Kazakhstan (64.4K tons)
Exports of Sunflower-Seed and Safflower Oil in China
In 2022, overseas shipments of sunflower-seed and safflower oil increased by 137% to 5.5K tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, sunflower-seed and safflower oil exports soared to $14M in 2022. In general, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Sunflower-Seed and Safflower Oil in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 0.7 | 1.6 | 0.3 | 6.3 | 108.0% |
| Thailand | 1.0 | 1.6 | 2.6 | 2.9 | 42.6% |
| South Korea | N/A | N/A | N/A | 1.7 | 0% |
| Singapore | 2.0 | 0.8 | 1.1 | 1.5 | -9.1% |
| United States | 0.3 | 0.2 | 0.1 | 0.5 | 18.6% |
| Australia | 0.1 | 0.1 | N/A | 0.4 | 58.7% |
| Mongolia | N/A | 0.3 | 0.4 | 0.1 | -42.3% |
| Others | 0.6 | 0.9 | 0.4 | 0.8 | 10.1% |
| Total | 4.7 | 5.4 | 5.0 | 14.1 | 44.2% |
Top Export Markets for Sunflower-Seed and Safflower Oil from China in 2022:
- Malaysia (2629.7 tons)
- Thailand (1041.7 tons)
- Singapore (624.0 tons)
- South Korea (590.8 tons)
- Australia (162.2 tons)
- United States (124.5 tons)
- Mongolia (43.0 tons)
This report provides an in-depth analysis of the market for 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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