Denmark - 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 Denmark - 2023
Contents:
- Price for Sunflower-Seed and Safflower Oil in Denmark (CIF) - 2023
- Price for Sunflower-Seed and Safflower Oil in Denmark (FOB) - 2022
- Imports of Sunflower-Seed and Safflower Oil in Denmark
- Exports of Sunflower-Seed and Safflower Oil in Denmark
Price for Sunflower-Seed and Safflower Oil in Denmark (CIF) - 2023
In July 2023, the average sunflower-seed and safflower oil import price amounted to $2,043 per ton, growing by 3.5% against the previous month. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in September 2022 when the average import price increased by 22% against the previous month. Over the period under review, average import prices hit record highs at $2,265 per ton in January 2023; however, from February 2023 to July 2023, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In July 2023, the countries with the highest prices were Germany ($2,265 per ton) and Poland ($2,227 per ton), while the price for the Netherlands ($1,695 per ton) and the Czech Republic ($1,707 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by the Czech Republic (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Sunflower-Seed and Safflower Oil in Denmark (FOB) - 2022
In 2022, the average sunflower-seed and safflower oil export price amounted to $2,294 per ton, rising by 42% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The export price peaked at $2,414 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($4,216 per ton), while the average price for exports to the Netherlands ($1,493 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Sunflower-Seed and Safflower Oil in Denmark
In 2022, purchases abroad of sunflower-seed and safflower oil decreased by -10% to 16K tons, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +8.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 46%. As a result, imports attained the peak of 18K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, sunflower-seed and safflower oil imports expanded rapidly to $29M in 2022. Overall, imports, however, recorded a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 52% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.
| Import of Sunflower-Seed and Safflower Oil in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 5.2 | 10.2 | 14.0 | 10.7 | 27.2% |
| Spain | 0.7 | 1.4 | 2.4 | 3.6 | 72.6% |
| Belgium | 1.0 | 1.1 | 1.2 | 2.7 | 39.2% |
| Turkey | N/A | 0.1 | 0.1 | 2.4 | 389.9% |
| Ukraine | 0.1 | 0.1 | 0.1 | 2.3 | 184.4% |
| Netherlands | 3.5 | 2.3 | 3.2 | 2.2 | -14.3% |
| Hungary | 1.0 | 2.1 | 3.4 | 1.7 | 19.3% |
| Czech Republic | 0.1 | 0.2 | 0.2 | 1.1 | 122.4% |
| Poland | 1.1 | 0.2 | 0.2 | 0.7 | -14.0% |
| Russia | N/A | 1.6 | 1.1 | 0.1 | -75.0% |
| Others | 0.5 | 0.7 | 0.7 | 0.9 | 21.6% |
| Total | 13.2 | 20.1 | 26.6 | 28.5 | 29.2% |
Top Suppliers of Sunflower-Seed and Safflower Oil to Denmark in 2022:
- Germany (5.6K tons)
- Spain (2.0K tons)
- Ukraine (1.8K tons)
- Netherlands (1.3K tons)
- Belgium (1.3K tons)
- Turkey (1.1K tons)
- Hungary (1.1K tons)
- Czech Republic (0.8K tons)
- Poland (0.4K tons)
- Russia (0.1K tons)
Exports of Sunflower-Seed and Safflower Oil in Denmark
After three years of growth, shipments abroad of sunflower-seed and safflower oil decreased by -29.5% to 210 tons in 2022. Over the period under review, exports showed a abrupt setback. The pace of growth was the most pronounced in 2020 with an increase of 9.9%.
In value terms, sunflower-seed and safflower oil exports reached $481K in 2022. Overall, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +9.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +42.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 42%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.
| Export of Sunflower-Seed and Safflower Oil in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iceland | 31.4 | 33.1 | 44.6 | 100 | 47.1% |
| Netherlands | 92.3 | 141 | 159 | 92.1 | -0.1% |
| Italy | N/A | N/A | 21.5 | 56.1 | 160.9% |
| Faroe Islands | 24.9 | 33.0 | 57.6 | 51.7 | 27.6% |
| Greenland | 32.1 | 32.0 | 41.3 | 44.0 | 11.1% |
| Finland | 67.5 | 46.6 | 46.7 | 38.8 | -16.9% |
| Thailand | 2.4 | 10.3 | 5.8 | 25.1 | 118.7% |
| Hungary | N/A | N/A | 34.8 | N/A | 0% |
| Others | 119 | 41.7 | 68.3 | 73.1 | -15.0% |
| Total | 370 | 338 | 480 | 481 | 9.1% |
Top Export Markets for Sunflower-Seed and Safflower Oil from Denmark in 2022:
- Netherlands (61.7 tons)
- Iceland (38.7 tons)
- Faroe Islands (24.3 tons)
- Greenland (21.7 tons)
- Finland (15.4 tons)
- Thailand (13.5 tons)
- Italy (13.3 tons)
This report provides an in-depth analysis of the market for sunflower-seed and safflower oil in Denmark. 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:
- Denmark
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Denmark
- 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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