Slovakia - Sunflower-Seed And Safflower Oil - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingPrice for Sunflower-Seed and Safflower Oil in Slovakia - 2023
Contents:
- Price for Sunflower-Seed and Safflower Oil in Slovakia (CIF) - 2023
- Price for Sunflower-Seed and Safflower Oil in Slovakia (FOB) - 2023
- Imports of Sunflower-Seed and Safflower Oil in Slovakia
- Exports of Sunflower-Seed and Safflower Oil in Slovakia
Price for Sunflower-Seed and Safflower Oil in Slovakia (CIF) - 2023
The average sunflower-seed and safflower oil import price stood at $1,523 per ton in July 2023, remaining stable against the previous month. Over the period under review, the import price recorded a pronounced descent. The pace of growth appeared the most rapid in November 2022 an increase of 12% against the previous month. The import price peaked at $2,024 per ton in July 2022; however, from August 2022 to July 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($1,768 per ton), while the price for Ukraine ($1,134 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 the Netherlands (+0.1%), while the prices for the other major suppliers experienced a decline.
Price for Sunflower-Seed and Safflower Oil in Slovakia (FOB) - 2023
In July 2023, the average sunflower-seed and safflower oil export price amounted to $1,480 per ton, growing by 4.6% against the previous month. In general, the export price, however, recorded a perceptible setback. The growth pace was the most rapid in October 2022 an increase of 7.3% month-to-month. The export price peaked at $2,326 per ton in July 2022; however, from August 2022 to July 2023, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major overseas markets. In July 2023, the country with the highest price was the Czech Republic ($1,513 per ton), while the average price for exports to Austria ($1,258 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 Lithuania (-0.5%), while the prices for the other major destinations experienced a decline.
Imports of Sunflower-Seed and Safflower Oil in Slovakia
In 2022, the amount of sunflower-seed and safflower oil imported into Slovakia amounted to 46K tons, increasing by 3.8% on 2021. Over the period under review, imports, however, saw a noticeable reduction.
In value terms, sunflower-seed and safflower oil imports skyrocketed to $81M in 2022. Overall, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +16.7% 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 +80.0% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 45% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Sunflower-Seed and Safflower Oil in Slovakia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hungary | 20.1 | 23.7 | 28.7 | 31.3 | 15.9% |
| Ukraine | 2.4 | 5.0 | 15.3 | 15.6 | 86.6% |
| Czech Republic | 4.3 | 4.7 | 5.5 | 8.0 | 23.0% |
| Serbia | 11.0 | 7.0 | 8.8 | 6.7 | -15.2% |
| Croatia | 0.1 | N/A | 0.1 | 2.8 | 203.7% |
| Bulgaria | 0.5 | 0.8 | 0.1 | 2.1 | 61.3% |
| Poland | N/A | N/A | 0.1 | 1.0 | 900.0% |
| Others | 12.8 | 3.8 | 7.1 | 13.7 | 2.3% |
| Total | 51.1 | 45.1 | 65.6 | 81.2 | 16.7% |
Top Suppliers of Sunflower-Seed and Safflower Oil to Slovakia in 2022:
- Hungary (17.3K tons)
- Ukraine (8.3K tons)
- Czech Republic (3.8K tons)
- Serbia (3.8K tons)
- Croatia (1.7K tons)
- Bulgaria (1.3K tons)
- Poland (0.7K tons)
Exports of Sunflower-Seed and Safflower Oil in Slovakia
In 2022, sunflower-seed and safflower oil exports from Slovakia fell remarkably to 14K tons, reducing by -53.9% on the previous year's figure. In general, exports recorded a pronounced decrease. The pace of growth was the most pronounced in 2021 with an increase of 177%. As a result, the exports reached the peak of 31K tons, and then declined significantly in the following year.
In value terms, sunflower-seed and safflower oil exports reduced notably to $26M in 2022. Over the period under review, exports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2021 when exports increased by 296% against the previous year. As a result, the exports attained the peak of $49M, and then contracted sharply in the following year.
| Export of Sunflower-Seed and Safflower Oil in Slovakia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | 8.1 | 8.3 | 6.9 | 19.7 | 34.5% |
| Greece | N/A | N/A | 35.0 | 2.0 | -94.3% |
| Hungary | 3.5 | 0.4 | 0.6 | 1.7 | -21.4% |
| Lithuania | 1.0 | 1.3 | 2.3 | 1.3 | 9.1% |
| Italy | 0.5 | 2.1 | 2.5 | N/A | 123.6% |
| Others | 2.1 | 0.4 | 2.0 | 1.4 | -12.6% |
| Total | 15.1 | 12.5 | 49.3 | 26.0 | 19.9% |
Top Export Markets for Sunflower-Seed and Safflower Oil from Slovakia in 2022:
- Italy (undefinedK tons)
- Czech Republic (11.1K tons)
- Greece (1.0K tons)
- Lithuania (0.8K tons)
- Hungary (0.7K tons)
This report provides an in-depth analysis of the market for sunflower-seed and safflower oil in Slovakia. 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:
- Slovakia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Slovakia
- 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.
-
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
-
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
-
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
-
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
-
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
-
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
-
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
490
This report provides an in-depth analysis of the market for sunflower-seed and safflower oil in Slovakia.
352
This report provides an in-depth analysis of the cotton-seed oil market in Slovakia.
274
This report provides an in-depth analysis of the cotton-seed oil market in Slovakia.
423
This report provides an in-depth analysis of the market for crude sunflower-seed and safflower oil in Slovakia.
275
This report provides an in-depth analysis of the market for sunflower-seed or safflower oil, refined, but not chemically modified in Slovakia.
337
This report provides an in-depth analysis of the refined cotton-seed oil market in Slovakia.
426
This report provides an in-depth analysis of the transmission shaft market in Slovakia.
292
This report provides an in-depth analysis of the market for caustic soda in aqueous solution (soda lye) in Slovakia.
278
This report provides an in-depth analysis of the market for reaction initiators and accelerators in Slovakia.
278
This report provides an in-depth analysis of the market for marble and travertine blocks in Slovakia.
1473
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.
4613
Global sunflower-seed and safflower oil consumption amounted to X thousand tons in 2015, remaining constant against the previous year level.
3764
In 2015, the countries with the highest levels of sunflower-seed and safflower oil production were Ukraine (X thousand tons), Russia (X thousand tons), Turkey (X thousand tons), together accounting for X% of total output.
1969
Ukraine dominates in the global trade of sunflower-seed and safflower oil. In 2014, Ukraine exported X thousand tons of sunflower-seed and safflower oil totaling X USD, X% over the previous year. Its primary trading partner was India, where i
758
The total output volume increased at an average annual rate of +1.0% over the period from 2007 to 2018.
2893
In 2015, the countries with the highest levels of cotton-seed oil production were China (X thousand tons), India (X thousand tons), Pakistan (X thousand tons), together accounting for X% of total output.
1317
In value terms, transmission shafts and cranks imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% over the period from 2007 to 2016; the trend patter...
855
In value terms, transmission shafts and cranks exports totaled $X in 2016. The total export value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated some not...
1169
In 2016, approx. X tons of transmission shaft were imported worldwide- dropping by -X% against the previous year level. Overall, transmission shaft imports continue to indicate a relatively fla...
836
In 2016, approx. X tons of transmission shaft were imported worldwide- dropping by -X% against the previous year level. Overall, transmission shaft imports continue to indicate a relatively fla...
