U.S. - 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 United States - 2023
Contents:
- Price for Sunflower-Seed and Safflower Oil in the United States (CIF) - 2023
- Price for Sunflower-Seed and Safflower Oil in the United States (FOB) - 2023
- Imports of Sunflower-Seed and Safflower Oil in the United States
- Exports of Sunflower-Seed and Safflower Oil in the United States
Price for Sunflower-Seed and Safflower Oil in the United States (CIF) - 2023
In September 2023, the average sunflower-seed and safflower oil import price amounted to $701 per ton, reducing by -8% against the previous month. In general, the import price saw a abrupt curtailment. The most prominent rate of growth was recorded in July 2023 an increase of 48% month-to-month. The import price peaked at $2,023 per ton in October 2022; however, from November 2022 to September 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Ukraine ($3,636 per ton), while the price for Mexico ($684 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Ukraine (+2.8%), while the prices for the other major suppliers experienced a decline.
Price for Sunflower-Seed and Safflower Oil in the United States (FOB) - 2023
The average sunflower-seed and safflower oil export price stood at $1,880 per ton in September 2023, with an increase of 11% against the previous month. Over the period from September 2022 to September 2023, it increased at an average monthly rate of +1.8%. The growth pace was the most rapid in August 2023 when the average export price increased by 14% m-o-m. Over the period under review, the average export prices hit record highs at $2,122 per ton in April 2023; however, from May 2023 to September 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In September 2023, the country with the highest price was Canada ($2,001 per ton), while the average price for exports to Japan ($621 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Sunflower-Seed and Safflower Oil in the United States
In 2022, approx. 258K tons of sunflower-seed and safflower oil were imported into the United States; jumping by 61% on the previous year. In general, imports saw significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 138%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, sunflower-seed and safflower oil imports skyrocketed to $482M in 2022. Over the period under review, imports posted a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 104%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.
| Import of Sunflower-Seed and Safflower Oil in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 18.3 | 47.8 | 44.9 | 133 | 93.7% |
| Ukraine | 33.6 | 92.4 | 79.5 | 92.5 | 40.2% |
| Argentina | 8.1 | 15.0 | 22.0 | 59.7 | 94.6% |
| Spain | 7.6 | 17.3 | 23.4 | 58.4 | 97.3% |
| Mexico | 27.6 | 26.8 | 33.5 | 48.9 | 21.0% |
| Turkey | 9.7 | 15.7 | 25.9 | 31.5 | 48.1% |
| Netherlands | 12.8 | 26.5 | 7.3 | 14.0 | 3.0% |
| Romania | N/A | N/A | 0.3 | 13.2 | 4300.0% |
| Others | 9.3 | 16.7 | 11.0 | 31.3 | 49.9% |
| Total | 127 | 258 | 248 | 482 | 56.0% |
Top Suppliers of Sunflower-Seed and Safflower Oil to the United States in 2022:
- France (74.8K tons)
- Ukraine (49.0K tons)
- Mexico (46.2K tons)
- Argentina (23.6K tons)
- Spain (19.9K tons)
- Turkey (19.5K tons)
- Romania (6.7K tons)
- Netherlands (5.8K tons)
Exports of Sunflower-Seed and Safflower Oil in the United States
In 2022, overseas shipments of sunflower-seed and safflower oil were finally on the rise to reach 86K tons for the first time since 2019, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +1.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, sunflower-seed and safflower oil exports soared to $146M in 2022. Overall, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +14.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +72.2% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Sunflower-Seed and Safflower Oil in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 35.5 | 56.1 | 70.0 | 113 | 47.1% |
| Mexico | 17.9 | 9.8 | 13.5 | 14.5 | -6.8% |
| South Korea | 1.0 | 2.8 | 3.3 | 5.2 | 73.2% |
| Japan | 7.9 | 6.8 | 4.2 | 4.3 | -18.4% |
| Netherlands | 11.3 | 0.4 | 0.2 | 0.6 | -62.4% |
| Germany | 4.8 | N/A | N/A | N/A | 0% |
| Malaysia | 8.8 | 2.3 | 0.7 | N/A | -71.8% |
| Others | 8.9 | 6.5 | 6.2 | 8.4 | -1.9% |
| Total | 96.1 | 84.8 | 98.2 | 146 | 15.0% |
Top Export Markets for Sunflower-Seed and Safflower Oil from the United States in 2022:
- Malaysia (undefinedK tons)
- Germany (undefinedK tons)
- Canada (65.3K tons)
- Mexico (7.6K tons)
- South Korea (4.5K tons)
- Japan (2.6K tons)
- Netherlands (0.9K tons)
This report provides an in-depth analysis of the market for sunflower-seed and safflower oil in the U.S.. 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 States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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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In February 2023, the price of caustic soda fell by 11.5% to $381 per ton FOB (Free On Board) in the US compared to the level from the previous month.
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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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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
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The total output volume increased at an average annual rate of +1.0% over the period from 2007 to 2018.
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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.
