Indonesia - Sunflower-Seed And Safflower Oil - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Apr 1, 2024

Indonesia - Sunflower-Seed And Safflower Oil - Market Analysis, Forecast, Size, Trends and Insights

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Price for Sunflower-Seed and Safflower Oil in Indonesia - 2022

Contents:

  1. Price for Sunflower-Seed and Safflower Oil in Indonesia (CIF) - 2022
  2. Price for Sunflower-Seed and Safflower Oil in Indonesia (FOB) - 2022
  3. Imports of Sunflower-Seed and Safflower Oil in Indonesia
  4. Exports of Sunflower-Seed and Safflower Oil in Indonesia

Price for Sunflower-Seed and Safflower Oil in Indonesia (CIF) - 2022

The average sunflower-seed and safflower oil import price stood at $2,059 per ton in March 2022, approximately reflecting the previous month. Over the last twelve months, it increased at an average monthly rate of +1.3%. The most prominent rate of growth was recorded in May 2021 when the average import price increased by 15% against the previous month. The import price peaked at $2,076 per ton in August 2021; afterwards, it flattened through to March 2022.

Average prices varied somewhat amongst the major supplying countries. In March 2022, the countries with the highest prices were Italy ($2,647 per ton) and Germany ($2,217 per ton), while the price for France ($1,912 per ton) and Turkey ($1,988 per ton) were amongst the lowest.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Sunflower-Seed and Safflower Oil in Indonesia (FOB) - 2022

The average sunflower-seed and safflower oil export price stood at $885 per ton in 2022, stabilizing at the previous year. Overall, the export price, however, showed a noticeable downturn. The most prominent rate of growth was recorded in 2020 an increase of 39%. The export price peaked at $1,306 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($1,166 per ton), while the average price for exports to Sweden amounted to $544 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sudan (+35.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Sunflower-Seed and Safflower Oil in Indonesia

In 2022, overseas purchases of sunflower-seed and safflower oil decreased by -22.3% to 6.1K tons, falling for the second year in a row after two years of growth. Over the period under review, imports saw a abrupt slump. The most prominent rate of growth was recorded in 2020 when imports increased by 2.3% against the previous year. As a result, imports reached the peak of 8.3K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, sunflower-seed and safflower oil imports reached $14M in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +13.6% 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 +46.6% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 36% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in years to come.

Import of Sunflower-Seed and Safflower Oil in Indonesia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Malaysia3.73.35.75.614.8%
France2.02.84.03.924.9%
Singapore0.11.61.31.3135.1%
Ukraine1.20.80.50.8-12.6%
Turkey0.40.30.80.826.0%
Netherlands0.20.30.30.426.0%
United States0.20.10.20.20.0%
Romania0.9N/AN/AN/A0%
Others0.80.80.80.94.0%
Total9.510.113.713.913.5%

Top Suppliers of Sunflower-Seed and Safflower Oil to Indonesia in 2022:

  1. Malaysia (2308.9 tons)
  2. France (1696.6 tons)
  3. Ukraine (573.9 tons)
  4. Singapore (567.9 tons)
  5. Turkey (356.0 tons)
  6. United States (149.3 tons)
  7. Netherlands (121.2 tons)

Exports of Sunflower-Seed and Safflower Oil in Indonesia

In 2022, approx. 2.2K tons of sunflower-seed and safflower oil were exported from Indonesia; which is down by -48.1% on the previous year. In general, exports, however, showed significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 2,874%. As a result, the exports reached the peak of 4.3K tons, and then fell dramatically in the following year.

In value terms, sunflower-seed and safflower oil exports fell markedly to $2M in 2022. Overall, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 2,053% against the previous year. As a result, the exports attained the peak of $3.8M, and then shrank remarkably in the following year.

Export of Sunflower-Seed and Safflower Oil in Indonesia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
SwedenN/AN/AN/A9130%
Singapore0.30.710.3112620.1%
MozambiqueN/AN/A374N/A0%
Nepal293N/AN/AN/A0%
MyanmarN/A15482.2N/A-46.6%
Others13021.93,33495094.1%
Total4231763,8011,97467.1%

Top Export Markets for Sunflower-Seed and Safflower Oil from Indonesia in 2022:

  1. Sweden (1676.1 tons)
  2. Singapore (95.8 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for sunflower-seed and safflower oil in Indonesia. 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:

  • Indonesia

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Indonesia
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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