Report Update: May 1, 2024

Belgium - Sunflower Oilcake - Market Analysis, Forecast, Size, Trends And Insights

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Sunflower Oilcake Price in Belgium - 2023

Sunflower Oilcake Price in Belgium (CIF) - 2023

In May 2023, the average sunflower oilcake import price amounted to $394 per ton, picking up by 3% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 8.1% month-to-month. The import price peaked in May 2023.

Average prices varied noticeably amongst the major supplying countries. In May 2023, the country with the highest price was Russia ($400 per ton), while the price for the Netherlands amounted to $390 per ton.

From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by Ukraine (+48.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Sunflower Oilcake Price in Belgium (FOB) - 2023

In May 2023, the average sunflower oilcake export price amounted to $385 per ton, dropping by -1.7% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.7%. The pace of growth was the most pronounced in November 2022 when the average export price increased by 12% against the previous month. Over the period under review, the average export prices attained the maximum at $392 per ton in April 2023, and then shrank slightly in the following month.

Average prices varied somewhat for the major external markets. In May 2023, the country with the highest price was France ($392 per ton), while the average price for exports to the Netherlands ($299 per ton) was amongst the lowest.

From May 2022 to May 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+1.5%), while the prices for the other major destinations experienced mixed trend patterns.

Sunflower Oilcake Imports in Belgium

In 2022, the amount of sunflower oilcake imported into Belgium amounted to 180K tons, standing approx. at 2021 figures. In general, imports, however, continue to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2020 with an increase of 27% against the previous year. As a result, imports attained the peak of 251K tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, sunflower oilcake imports surged to $65M in 2022. The total import value increased at an average annual rate of +12.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 37% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in years to come.

Import of Sunflower Oilcake in Belgium (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Netherlands	28.5	34.4	32.0	36.7	8.8%
Russia	7.0	18.7	17.2	17.4	35.5%
Luxembourg	N/A	1.2	1.2	3.5	70.8%
Argentina	2.4	4.3	2.3	3.2	10.1%
Ukraine	4.8	N/A	N/A	2.3	-21.7%
Germany	1.1	0.6	0.4	1.1	0.0%
Others	1.5	2.7	1.6	0.4	-35.6%
Total	45.3	62.0	54.8	64.7	12.6%

Top Suppliers of Sunflower Oilcake to Belgium in 2022:

Netherlands (101.2K tons)
Russia (50.6K tons)
Luxembourg (9.6K tons)
Argentina (8.2K tons)
Ukraine (6.5K tons)
Germany (3.3K tons)

Sunflower Oilcake Exports in Belgium

In 2022, shipments abroad of sunflower oilcake decreased by -2.9% to 93K tons, falling for the second consecutive year after two years of growth. In general, exports continue to indicate a pronounced curtailment. The pace of growth was the most pronounced in 2020 with an increase of 5.5% against the previous year. As a result, the exports attained the peak of 105K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, sunflower oilcake exports totaled $33M in 2022. The total export value increased at an average annual rate of +10.4% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 14%. The exports peaked in 2022 and are likely to see steady growth in years to come.

Export of Sunflower Oilcake in Belgium (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
France	21.7	19.5	22.8	26.7	7.2%
Netherlands	1.5	4.5	4.7	3.6	33.9%
Germany	0.8	0.8	1.9	2.1	37.9%
Others	0.4	1.0	N/A	0.4	0.0%
Total	24.4	25.8	29.3	32.8	10.4%

Top Export Markets for Sunflower Oilcake from Belgium in 2022:

France (74.1K tons)
Netherlands (12.4K tons)
Germany (5.7K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the sunflower oilcake market in Belgium. 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 10414150 - Oilcake and other solid residues resulting from the extraction of sunflower seed fats or oils

Country coverage:

Belgium

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Belgium
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023