South Africa - 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 South Africa - 2023
Contents:
- Price for Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in South Africa (FOB) - 2023
- Price for Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in South Africa (CIF) - 2022
- Exports of Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in South Africa
- Imports of Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in South Africa
Price for Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in South Africa (FOB) - 2023
The average export price for sunflower-seed or safflower oil, refined, but not chemically modified stood at $1,451 per ton in November 2023, declining by -14% against the previous month. Overall, the export price saw a noticeable descent. The most prominent rate of growth was recorded in October 2023 when the average export price increased by 6.8% month-to-month. The export price peaked at $1,920 per ton in January 2023; however, from February 2023 to November 2023, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major export markets. In November 2023, the highest price was recorded for prices to Swaziland ($1,610 per ton) and Lesotho ($1,482 per ton), while the average price for exports to Namibia ($1,406 per ton) and Mozambique ($1,436 per ton) were amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Lesotho (-0.6%), while the prices for the other major destinations experienced a decline.
Price for Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in South Africa (CIF) - 2022
The average import price for sunflower-seed or safflower oil, refined, but not chemically modified stood at $1,690 per ton in 2022, surging by 21% against the previous year. Overall, the import price showed a mild expansion. The pace of growth was the most pronounced in 2021 when the average import price increased by 58% against the previous year. The import price peaked in 2022 and is likely to continue 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 Spain ($2,673 per ton), while the price for Poland ($1,544 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mozambique (+18.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in South Africa
For the third consecutive year, South Africa recorded decline in shipments abroad of sunflower-seed or safflower oil, refined, but not chemically modified, which decreased by -6.3% to 45K tons in 2022. In general, exports saw a abrupt descent.
In value terms, exports of sunflower-seed or safflower oil, refined, but not chemically modified surged to $96M in 2022. Overall, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +14.4% 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 +57.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 30%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.
| Export of Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Namibia | 21.4 | 22.3 | 33.2 | 43.9 | 27.1% |
| Botswana | 23.1 | 23.0 | 32.3 | 35.2 | 15.1% |
| Lesotho | 5.2 | 4.9 | 5.0 | 7.1 | 10.9% |
| Swaziland | 2.2 | 2.1 | 2.8 | 2.9 | 9.6% |
| Mozambique | 6.8 | 5.8 | 3.4 | 1.6 | -38.3% |
| Malawi | 1.5 | 1.0 | 1.0 | 1.0 | -12.6% |
| Zimbabwe | 1.3 | 1.1 | 0.4 | 0.8 | -14.9% |
| Others | 2.7 | 0.8 | 1.5 | 3.7 | 11.1% |
| Total | 64.3 | 61.1 | 79.7 | 96.2 | 14.4% |
Top Export Markets for Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified from South Africa in 2022:
- Namibia (20.1K tons)
- Botswana (16.3K tons)
- Lesotho (3.8K tons)
- Swaziland (1.4K tons)
- Mozambique (0.8K tons)
- Malawi (0.4K tons)
- Zimbabwe (0.4K tons)
Imports of Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in South Africa
In 2022, imports of sunflower-seed or safflower oil, refined, but not chemically modified into South Africa soared to 13K tons, increasing by 197% on the previous year. Overall, imports, however, saw a noticeable setback.
In value terms, imports of sunflower-seed or safflower oil, refined, but not chemically modified soared to $21M in 2022. Over the period under review, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bulgaria | 9.5 | 10.6 | 2.1 | 16.3 | 19.7% |
| Mozambique | N/A | 0.1 | 0.2 | 2.1 | 358.3% |
| Poland | N/A | 1.1 | 2.9 | 1.9 | 31.4% |
| Spain | 0.4 | 0.3 | 0.4 | 0.6 | 14.5% |
| Ukraine | 1.5 | 0.7 | N/A | N/A | -53.3% |
| Others | 0.6 | 0.4 | 0.3 | 0.5 | -5.9% |
| Total | 11.9 | 13.1 | 6.0 | 21.4 | 21.6% |
Top Suppliers of Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified to South Africa in 2022:
- Bulgaria (10.0K tons)
- Poland (1.2K tons)
- Mozambique (1.0K tons)
- Spain (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 South Africa. 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:
- South Africa
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in South Africa
- 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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