United Kingdom - 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 the UK - 2023
Contents:
- Price for Sunflower-Seed and Safflower Oil in the UK (CIF) - 2022
- Price for Sunflower-Seed and Safflower Oil in the UK (FOB) - 2022
- Imports of Sunflower-Seed and Safflower Oil in the UK
- Exports of Sunflower-Seed and Safflower Oil in the UK
Price for Sunflower-Seed and Safflower Oil in the UK (CIF) - 2022
In 2022, the average sunflower-seed and safflower oil import price amounted to $1,862 per ton, surging by 33% against the previous year. Over the period under review, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +2.9% 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 +102.1% against 2017 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 46% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hungary ($3,007 per ton), while the price for Bulgaria ($1,464 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Sunflower-Seed and Safflower Oil in the UK (FOB) - 2022
In 2022, the average sunflower-seed and safflower oil export price amounted to $2,588 per ton, increasing by 18% against the previous year. Overall, the export price posted slight growth. The pace of growth was the most pronounced in 2021 an increase of 47% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($6,051 per ton), while the average price for exports to Thailand ($1,534 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 the United States (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Sunflower-Seed and Safflower Oil in the UK
Sunflower-seed and safflower oil imports into the UK plummeted to 244K tons in 2022, reducing by -17.8% against the previous year. In general, imports faced a deep slump. The smallest decline of -5.1% was in 2020.
In value terms, sunflower-seed and safflower oil imports expanded significantly to $454M in 2022. Overall, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +11.5% 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 +43.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 31%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.
| Import of Sunflower-Seed and Safflower Oil in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ukraine | 90.1 | 88.3 | 188 | 150 | 18.5% |
| France | 93.1 | 92.1 | 102 | 107 | 4.7% |
| Belgium | 17.0 | 19.5 | 27.6 | 48.8 | 42.1% |
| Spain | 17.8 | 23.4 | 37.7 | 40.1 | 31.1% |
| Bulgaria | 29.3 | 11.6 | N/A | 29.6 | 0.3% |
| Hungary | N/A | N/A | N/A | 28.8 | 0% |
| Germany | 6.9 | 6.3 | 11.8 | 20.9 | 44.7% |
| Netherlands | 62.9 | 67.6 | 41.0 | 10.8 | -44.4% |
| Others | 10.3 | 7.4 | 6.0 | 17.8 | 20.0% |
| Total | 328 | 316 | 414 | 454 | 11.4% |
Top Suppliers of Sunflower-Seed and Safflower Oil to the UK in 2022:
- Ukraine (78.6K tons)
- France (59.7K tons)
- Belgium (28.1K tons)
- Spain (22.6K tons)
- Bulgaria (20.2K tons)
- Germany (10.8K tons)
- Hungary (9.6K tons)
- Netherlands (5.4K tons)
Exports of Sunflower-Seed and Safflower Oil in the UK
After two years of decline, shipments abroad of sunflower-seed and safflower oil increased by 25% to 8.9K tons in 2022. Overall, exports, however, saw a precipitous descent.
In value terms, sunflower-seed and safflower oil exports surged to $23M in 2022. In general, exports, however, continue to indicate a abrupt shrinkage.
| Export of Sunflower-Seed and Safflower Oil in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 9.3 | 7.8 | 2.3 | 8.9 | -1.5% |
| Ireland | 5.1 | 6.0 | 3.7 | 6.4 | 7.9% |
| Poland | 2.6 | 0.2 | 0.7 | 1.7 | -13.2% |
| France | 0.6 | 0.6 | 0.6 | 1.4 | 32.6% |
| United States | 0.1 | 0.1 | 0.4 | 1.1 | 122.4% |
| Norway | 1.2 | 1.0 | 0.4 | 0.5 | -25.3% |
| Germany | 1.9 | 2.0 | 0.5 | 0.3 | -46.0% |
| Thailand | 0.9 | 0.7 | 0.6 | 0.3 | -30.7% |
| Belgium | 2.6 | 0.6 | 1.5 | 0.1 | -66.2% |
| Myanmar | 0.5 | 0.4 | 0.1 | N/A | -55.3% |
| Others | 2.8 | 4.4 | 4.8 | 2.4 | -5.0% |
| Total | 27.5 | 23.7 | 15.5 | 22.9 | -5.9% |
Top Export Markets for Sunflower-Seed and Safflower Oil from the UK in 2022:
- Netherlands (3545.0 tons)
- Ireland (2966.3 tons)
- Poland (436.7 tons)
- France (429.2 tons)
- Norway (215.0 tons)
- United States (175.1 tons)
- Thailand (174.6 tons)
- Germany (75.9 tons)
- Belgium (53.5 tons)
- Myanmar (47.5 tons)
This report provides an in-depth analysis of the market for sunflower-seed and safflower oil in the UK. 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:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- 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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