Thailand - 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 Thailand - 2023
Contents:
- Price for Sunflower-Seed and Safflower Oil in Thailand (CIF) - 2022
- Price for Sunflower-Seed and Safflower Oil in Thailand (FOB) - 2023
- Imports of Sunflower-Seed and Safflower Oil in Thailand
- Exports of Sunflower-Seed and Safflower Oil in Thailand
Price for Sunflower-Seed and Safflower Oil in Thailand (CIF) - 2022
In 2022, the average sunflower-seed and safflower oil import price amounted to $2,035 per ton, jumping by 33% against the previous year. Overall, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sunflower-seed and safflower oil import price increased by +98.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of 49% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($3,062 per ton), while the price for Ukraine ($1,546 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Sunflower-Seed and Safflower Oil in Thailand (FOB) - 2023
The average sunflower-seed and safflower oil export price stood at $1,954 per ton in September 2023, standing approximately at the previous month. Over the period under review, the export price recorded a noticeable contraction. The most prominent rate of growth was recorded in May 2023 an increase of 8.2% against the previous month. The export price peaked at $2,626 per ton in September 2022; however, from October 2022 to September 2023, the export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In September 2023, the country with the highest price was Myanmar ($1,954 per ton), while the average price for exports to Cambodia totaled $1,950 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+1.7%), while the prices for the other major destinations experienced a decline.
Imports of Sunflower-Seed and Safflower Oil in Thailand
In 2022, supplies from abroad of sunflower-seed and safflower oil decreased by -18.7% to 22K tons, falling for the second year in a row after two years of growth. In general, imports showed a abrupt slump. The growth pace was the most rapid in 2020 when imports increased by 23%. As a result, imports reached the peak of 35K 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 $44M in 2022. The total import value increased at an average annual rate of +14.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 24%. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Sunflower-Seed and Safflower Oil in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 12.3 | 13.1 | 17.3 | 19.9 | 17.4% |
| Ukraine | 5.9 | 11.1 | 12.0 | 9.4 | 16.8% |
| Turkey | 5.7 | 7.5 | 7.3 | 8.7 | 15.1% |
| China | 0.9 | 1.7 | 2.5 | 3.3 | 54.2% |
| Spain | 2.8 | 1.1 | 0.2 | 1.6 | -17.0% |
| Belgium | 1.1 | 1.0 | 0.7 | 0.1 | -55.0% |
| Others | 0.7 | 1.0 | 1.0 | 1.3 | 22.9% |
| Total | 29.5 | 36.5 | 41.2 | 44.4 | 14.6% |
Top Suppliers of Sunflower-Seed and Safflower Oil to Thailand in 2022:
- Malaysia (9.0K tons)
- Ukraine (6.1K tons)
- Turkey (4.2K tons)
- China (1.1K tons)
- Spain (0.8K tons)
- Belgium (0.1K tons)
Exports of Sunflower-Seed and Safflower Oil in Thailand
In 2022, overseas shipments of sunflower-seed and safflower oil decreased by -47.5% to 2.2K tons, falling for the second year in a row after two years of growth. In general, exports recorded a significant contraction. The pace of growth was the most pronounced in 2020 with an increase of 14%. As a result, the exports attained the peak of 5.8K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, sunflower-seed and safflower oil exports fell markedly to $5.3M in 2022. Over the period under review, exports saw a noticeable downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 33% against the previous year. As a result, the exports attained the peak of $7.5M. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Sunflower-Seed and Safflower Oil in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Myanmar | 5.4 | 7.3 | 7.2 | 4.8 | -3.9% |
| Vietnam | N/A | N/A | 0.2 | 0.3 | 50.0% |
| Others | 0.3 | 0.2 | 0.1 | 0.1 | -30.7% |
| Total | 5.7 | 7.5 | 7.4 | 5.3 | -2.4% |
Top Export Markets for Sunflower-Seed and Safflower Oil from Thailand in 2022:
- Myanmar (1973.4 tons)
- Vietnam (180.1 tons)
This report provides an in-depth analysis of the market for sunflower-seed and safflower oil in Thailand. 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:
- Thailand
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Thailand
- 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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