China - Sunflower Oilcake - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSunflower Oilcake Price in China - 2023
Contents:
- Sunflower Oilcake Price in China (CIF) - 2023
- Sunflower Oilcake Price in China (FOB) - 2022
- Sunflower Oilcake Imports in China
- Sunflower Oilcake Exports in China
Sunflower Oilcake Price in China (CIF) - 2023
In June 2023, the average sunflower oilcake import price amounted to $388 per ton, with a decrease of -4.3% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in July 2022 an increase of 29% month-to-month. As a result, import price reached the peak level of $512 per ton. From August 2022 to June 2023, the average import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In June 2023, the country with the highest price was Bulgaria ($405 per ton), while the price for Ukraine ($374 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Bulgaria (+0.1%), while the prices for the other major suppliers experienced a decline.
Sunflower Oilcake Price in China (FOB) - 2022
In 2022, the average sunflower oilcake export price amounted to $658 per ton, growing by 40% against the previous year. Overall, export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sunflower oilcake export price increased by +70.5% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($700 per ton), while the average price for exports to Vietnam ($587 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.
Sunflower Oilcake Imports in China
In 2022, after three years of growth, there was significant decline in supplies from abroad of sunflower oilcake, when their volume decreased by -21.9% to 1.8M tons. In general, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +7.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 51% against the previous year.
In value terms, sunflower oilcake imports contracted to $747M in 2022. Overall, imports, however, posted a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 47%. As a result, imports attained the peak of $861M, and then shrank in the following year.
Import of Sunflower Oilcake in China (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Ukraine | 401 | 569 | 761 | 452 | 4.1% |
Bulgaria | N/A | 13.2 | 98.9 | 211 | 299.8% |
Russia | N/A | 0.7 | 1.7 | 84.8 | 1000.6% |
Others | 1.3 | 3.9 | 0.1 | N/A | -72.3% |
Total | 403 | 587 | 861 | 747 | 22.8% |
Top Suppliers of Sunflower Oilcake to China in 2022:
- Ukraine (1194.8K tons)
- Bulgaria (474.8K tons)
- Russia (104.7K tons)
Sunflower Oilcake Exports in China
In 2022, overseas shipments of sunflower oilcake decreased by -70.7% to 1.4K tons, falling for the second year in a row after two years of growth. Over the period under review, exports showed a sharp shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 16%. As a result, the exports attained the peak of 14K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, sunflower oilcake exports contracted notably to $913K in 2022. In general, exports continue to indicate a sharp decrease. The pace of growth was the most pronounced in 2020 with an increase of 9.8%. As a result, the exports reached the peak of $5.3M. From 2021 to 2022, the growth of the exports remained at a lower figure.
Export of Sunflower Oilcake in China (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Kingdom | 4.4 | 5.1 | 1.9 | 0.7 | -45.8% |
South Korea | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
Vietnam | 0.1 | 0.1 | 0.1 | N/A | 0.0% |
Others | 0.2 | N/A | 0.1 | 0.1 | -20.6% |
Total | 4.8 | 5.3 | 2.2 | 0.9 | -42.8% |
Top Export Markets for Sunflower Oilcake from China in 2022:
- United Kingdom (1124.8 tons)
- South Korea (176.0 tons)
- Vietnam (67.3 tons)
This report provides an in-depth analysis of the sunflower oilcake market in China. 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:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- 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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Imports of Sunflower Oilcake dropped to $88 million in June 2023.
Over the last year, China increased its sunflower oilcake imports from 1.4M tons to 2.2M tons. In value terms, the imports skyrocketed by +51.3% y-o-y to $588M. Ukraine dominates Chinese sunflower oilcake imports, with a 97%-share of the total volume. The supplies from Ukraine gained $170M last year. The average sunflower oilcake import price in China fell by -3.5% y-o-y to $269 per ton in 2020.
Imports of Sunflower Oilcake dropped to $88 million in June 2023.
Over the last year, China increased its sunflower oilcake imports from 1.4M tons to 2.2M tons. In value terms, the imports skyrocketed by +51.3% y-o-y to $588M. Ukraine dominates Chinese sunflower oilcake imports, with a 97%-share of the total volume. The supplies from Ukraine gained $170M last year. The average sunflower oilcake import price in China fell by -3.5% y-o-y to $269 per ton in 2020.