Portugal - 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 Portugal - 2023
Contents:
- Price for Sunflower-Seed and Safflower Oil in Portugal (CIF) - 2023
- Price for Sunflower-Seed and Safflower Oil in Portugal (FOB) - 2023
- Imports of Sunflower-Seed and Safflower Oil in Portugal
- Exports of Sunflower-Seed and Safflower Oil in Portugal
Price for Sunflower-Seed and Safflower Oil in Portugal (CIF) - 2023
The average sunflower-seed and safflower oil import price stood at $1,304 per ton in July 2023, growing by 6% against the previous month. Over the period under review, the import price, however, continues to indicate a pronounced downturn. The pace of growth appeared the most rapid in November 2022 an increase of 17% month-to-month. The import price peaked at $2,141 per ton in August 2022; however, from September 2022 to July 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Belgium ($2,367 per ton), while the price for France ($1,007 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Ukraine (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Sunflower-Seed and Safflower Oil in Portugal (FOB) - 2023
The average sunflower-seed and safflower oil export price stood at $1,582 per ton in July 2023, growing by 7% against the previous month. Overall, the export price, however, recorded a perceptible setback. The most prominent rate of growth was recorded in September 2022 an increase of 21% against the previous month. Over the period under review, the average export prices hit record highs at $2,049 per ton in July 2022; however, from August 2022 to July 2023, the export prices failed to regain momentum.
Average prices varied somewhat for the major export markets. In July 2023, the highest price was recorded for prices to Spain ($1,716 per ton) and Guinea-Bissau ($1,681 per ton), while the average price for exports to Italy ($1,258 per ton) and France ($1,308 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+138.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Sunflower-Seed and Safflower Oil in Portugal
Sunflower-seed and safflower oil imports into Portugal shrank sharply to 67K tons in 2022, waning by -27.7% against 2021 figures. Over the period under review, imports continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2021 with an increase of 37% against the previous year. As a result, imports attained the peak of 92K tons, and then fell remarkably in the following year.
In value terms, sunflower-seed and safflower oil imports declined to $118M in 2022. In general, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 105% against the previous year. As a result, imports reached the peak of $130M, and then dropped in the following year.
| Import of Sunflower-Seed and Safflower Oil in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 35.2 | 34.9 | 61.6 | 67.2 | 24.1% |
| Moldova | 9.0 | 9.7 | 9.3 | 22.9 | 36.5% |
| Ukraine | 17.3 | 12.0 | 38.5 | 9.3 | -18.7% |
| Romania | 4.2 | 6.3 | 8.1 | 6.3 | 14.5% |
| France | N/A | N/A | N/A | 5.4 | 0% |
| Netherlands | 0.1 | 0.1 | 3.7 | 2.1 | 175.9% |
| Bulgaria | N/A | N/A | 7.6 | 2.0 | -73.7% |
| Others | 1.9 | 0.4 | 0.9 | 2.9 | 15.1% |
| Total | 67.7 | 63.4 | 130 | 118 | 20.3% |
Top Suppliers of Sunflower-Seed and Safflower Oil to Portugal in 2022:
- Spain (35.4K tons)
- Moldova (11.7K tons)
- Ukraine (6.3K tons)
- Romania (6.0K tons)
- France (3.5K tons)
- Netherlands (1.5K tons)
- Bulgaria (1.1K tons)
Exports of Sunflower-Seed and Safflower Oil in Portugal
In 2022, overseas shipments of sunflower-seed and safflower oil were finally on the rise to reach 56K tons after two years of decline. Over the period under review, exports showed prominent growth. 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 $103M in 2022. Overall, exports saw 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 Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 9.8 | 13.7 | 33.0 | 74.9 | 97.0% |
| France | 0.3 | 0.5 | 1.8 | 8.8 | 208.4% |
| Germany | N/A | 0.5 | N/A | 5.4 | 228.6% |
| United Kingdom | 0.1 | N/A | 1.4 | 3.1 | 214.1% |
| Seychelles | 2.2 | 2.4 | 3.7 | 2.7 | 7.1% |
| Italy | N/A | 0.1 | N/A | 1.9 | 335.9% |
| Netherlands | N/A | 1.3 | N/A | 1.5 | 7.4% |
| South Africa | 12.1 | 9.0 | N/A | N/A | -25.6% |
| Cuba | 1.2 | 1.9 | 0.8 | N/A | -18.4% |
| Others | 2.9 | 2.7 | 3.1 | 4.2 | 13.1% |
| Total | 28.6 | 32.0 | 43.7 | 103 | 53.3% |
Top Export Markets for Sunflower-Seed and Safflower Oil from Portugal in 2022:
- Cuba (undefinedK tons)
- Spain (38.0K tons)
- France (7.8K tons)
- United Kingdom (2.1K tons)
- Germany (1.7K tons)
- Seychelles (1.6K tons)
- Italy (1.5K tons)
- Netherlands (1.3K tons)
This report provides an in-depth analysis of the market for sunflower-seed and safflower oil in Portugal. 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:
- Portugal
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Portugal
- 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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Over the past year, the prices for sunflower oil have doubled, against robust demand and depleting sunflower seed stocks. The dry weather conditions negatively affected the sunflower crop yield in 2020, but the market is now seeing a sturdy recovery. The production of sunflower oil is forecast to increase in 2021 driven by strong demand that promotes investments in the expansion of harvested areas.
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