Greece - Refined Sunflower-Seed And Safflower Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Greece - 2023
Contents:
- Price for Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Greece (CIF) - 2023
- Price for Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Greece (FOB) - 2023
- Imports of Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Greece
- Exports of Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Greece
Price for Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Greece (CIF) - 2023
The average import price for sunflower-seed or safflower oil, refined, but not chemically modified stood at $1,340 per ton in October 2023, surging by 12% against the previous month. In general, the import price, however, recorded a slight slump. The import price peaked at $1,758 per ton in December 2022; however, from January 2023 to October 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the Czech Republic ($3,694 per ton), while the price for North Macedonia ($1,093 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by the Czech Republic (+16.3%), while the prices for the other major suppliers experienced a decline.
Price for Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Greece (FOB) - 2023
In October 2023, the average export price for sunflower-seed or safflower oil, refined, but not chemically modified amounted to $2,053 per ton, picking up by 13% against the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2023 an increase of 22% m-o-m. Over the period under review, the average export prices attained the peak figure at $2,138 per ton in December 2022; afterwards, it flattened through to October 2023.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($6,173 per ton), while the average price for exports to Iraq ($933 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Greece
In 2022, approx. 31K tons of sunflower-seed or safflower oil, refined, but not chemically modified were imported into Greece; increasing by 31% against the year before. Over the period under review, imports posted a buoyant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 59%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of sunflower-seed or safflower oil, refined, but not chemically modified soared to $58M in 2022. In general, imports continue to indicate a significant increase. The growth pace was the most rapid in 2021 with an increase of 147%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.
| Import of Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Greece (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bulgaria | 15.4 | 12.1 | 30.7 | 43.9 | 41.8% |
| Romania | 1.4 | 1.1 | 2.4 | 3.9 | 40.7% |
| North Macedonia | N/A | N/A | 0.7 | 2.7 | 285.7% |
| Italy | 0.4 | 0.4 | 0.8 | 1.8 | 65.1% |
| Ukraine | N/A | 0.1 | 0.1 | 1.1 | 231.7% |
| Serbia | 0.5 | 0.6 | 1.6 | 1.0 | 26.0% |
| Estonia | N/A | N/A | N/A | 0.8 | 0% |
| Others | 1.2 | 0.8 | 1.0 | 2.7 | 31.0% |
| Total | 18.9 | 15.1 | 37.3 | 58.0 | 45.3% |
Top Suppliers of Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified to Greece in 2022:
- Bulgaria (23.1K tons)
- Romania (2.6K tons)
- North Macedonia (1.5K tons)
- Italy (0.9K tons)
- Ukraine (0.6K tons)
- Serbia (0.6K tons)
- Estonia (0.5K tons)
Exports of Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Greece
In 2022, the amount of sunflower-seed or safflower oil, refined, but not chemically modified exported from Greece skyrocketed to 12K tons, jumping by 69% against the previous year. Overall, exports showed a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 264%. The exports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, exports of sunflower-seed or safflower oil, refined, but not chemically modified surged to $25M in 2022. Over the period under review, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 370%. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in years to come.
| Export of Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Greece (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 0.5 | 0.5 | 2.9 | 8.8 | 160.1% |
| Israel | N/A | 0.3 | 3.2 | 4.4 | 283.0% |
| Cyprus | 0.8 | 0.5 | 1.7 | 2.2 | 40.1% |
| Poland | N/A | 0.3 | 1.1 | 1.5 | 123.6% |
| Bulgaria | 0.2 | 0.2 | 1.4 | 1.1 | 76.5% |
| Slovakia | N/A | N/A | 0.4 | 1.0 | 150.0% |
| Malta | N/A | N/A | N/A | 0.9 | 0% |
| Others | 0.8 | 0.6 | 0.8 | 4.8 | 81.7% |
| Total | 2.3 | 2.4 | 11.4 | 24.7 | 120.6% |
Top Export Markets for Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified from Greece in 2022:
- Italy (4.4K tons)
- Israel (2.2K tons)
- Poland (0.9K tons)
- Cyprus (0.9K tons)
- Malta (0.6K tons)
- Bulgaria (0.6K tons)
- Slovakia (0.5K tons)
This report provides an in-depth analysis of the market for sunflower-seed or safflower oil, refined, but not chemically modified in Greece. 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:
- Prodcom 10415400 - Refined sunflower-seed and safflower oil and their fractions (excluding chemically modified)
Country coverage:
- Greece
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Greece
- 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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