Slovakia - 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 Slovakia - 2023
Contents:
- Price for Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Slovakia (CIF) - 2022
- Price for Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Slovakia (FOB) - 2023
- Imports of Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Slovakia
- Exports of Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Slovakia
Price for Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Slovakia (CIF) - 2022
In 2022, the average import price for sunflower-seed or safflower oil, refined, but not chemically modified amounted to $1,807 per ton, growing by 23% against the previous year. Over the period under review, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for sunflower-seed or safflower oil, refined, but not chemically modified increased by +77.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 36%. The import price peaked in 2022 and is likely to see gradual growth in years to come.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Czech Republic ($2,129 per ton), while the price for Romania ($1,306 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Croatia (+29.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Slovakia (FOB) - 2023
The average export price for sunflower-seed or safflower oil, refined, but not chemically modified stood at $1,315 per ton in October 2023, reducing by -16.5% against the previous month. Over the period under review, the export price showed a perceptible reduction. The most prominent rate of growth was recorded in November 2022 an increase of 20% month-to-month. The export price peaked at $2,144 per ton in January 2023; however, from February 2023 to October 2023, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for the UK.
From October 2022 to October 2023, the rate of growth in terms of prices for Hungary amounted to -0.5% per month.
Imports of Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Slovakia
Imports of sunflower-seed or safflower oil, refined, but not chemically modified into Slovakia dropped to 31K tons in 2022, falling by -6.9% against the previous year's figure. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 25%. As a result, imports reached the peak of 33K tons, and then reduced in the following year.
In value terms, imports of sunflower-seed or safflower oil, refined, but not chemically modified rose markedly to $56M in 2022. Over the period under review, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 70%. Imports peaked 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 Slovakia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hungary | 14.5 | 17.5 | 25.0 | 22.9 | 16.5% |
| Ukraine | 2.2 | 4.8 | 15.3 | 15.4 | 91.3% |
| Czech Republic | 3.3 | 3.8 | 4.3 | 7.7 | 32.6% |
| Serbia | 4.1 | 1.1 | 1.7 | 1.7 | -25.4% |
| Croatia | N/A | N/A | N/A | 1.2 | 0% |
| Greece | N/A | N/A | 0.5 | 1.0 | 100.0% |
| Poland | N/A | N/A | 0.1 | 0.9 | 800.0% |
| Others | 6.5 | 1.3 | 1.7 | 5.1 | -7.8% |
| Total | 30.6 | 28.5 | 48.6 | 55.8 | 22.2% |
Top Suppliers of Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified to Slovakia in 2022:
- Hungary (12.9K tons)
- Ukraine (8.2K tons)
- Czech Republic (3.6K tons)
- Serbia (1.0K tons)
- Croatia (0.7K tons)
- Poland (0.6K tons)
- Greece (0.5K tons)
Exports of Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Slovakia
In 2022, approx. 9.5K tons of sunflower-seed or safflower oil, refined, but not chemically modified were exported from Slovakia; falling by -62.3% against the previous year. Over the period under review, exports, however, posted a modest expansion. The most prominent rate of growth was recorded in 2021 with an increase of 416% against the previous year. As a result, the exports reached the peak of 25K tons, and then dropped dramatically in the following year.
In value terms, exports of sunflower-seed or safflower oil, refined, but not chemically modified contracted notably to $16M in 2022. In general, exports, however, continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2021 when exports increased by 554% against the previous year. As a result, the exports attained the peak of $42M, and then declined remarkably in the following year.
| Export of Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Slovakia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | 2.4 | 4.0 | 1.9 | 11.4 | 68.1% |
| Lithuania | 1.0 | 1.3 | 2.3 | 1.3 | 9.1% |
| Greece | N/A | N/A | 33.7 | 1.3 | -96.1% |
| Hungary | 3.5 | 0.4 | 0.6 | 0.7 | -41.5% |
| Austria | 0.3 | N/A | N/A | 0.4 | 10.1% |
| Germany | 0.5 | 0.2 | 0.4 | 0.2 | -26.3% |
| Others | 1.7 | 0.4 | 2.6 | 0.7 | -25.6% |
| Total | 9.4 | 6.3 | 41.5 | 16.0 | 19.4% |
Top Export Markets for Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified from Slovakia in 2022:
- Czech Republic (7.1K tons)
- Lithuania (0.8K tons)
- Greece (0.6K tons)
- Hungary (0.4K tons)
- Austria (0.2K tons)
- Germany (0.2K tons)
This report provides an in-depth analysis of the market for sunflower-seed or safflower oil, refined, but not chemically modified 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:
- Prodcom 10415400 - Refined sunflower-seed and safflower oil and their fractions (excluding chemically modified)
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.
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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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