Armenia: Market for Sunflower-Seed And Safflower Oil 2019

Market Size for Sunflower-Seed And Safflower Oil in Armenia

The revenue of the sunflower-seed and safflower oil market in Armenia amounted to $X in 2018, going up by X% against the previous year. Over the period under review, sunflower-seed and safflower oil consumption continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2012 with an increase of X% against the previous year. In that year, the sunflower-seed and safflower oil market reached its peak level of $X. From 2013 to 2018, the growth of the sunflower-seed and safflower oil market remained at a lower figure.

Production of Sunflower-Seed And Safflower Oil in Armenia

In value terms, sunflower-seed and safflower oil production amounted to $X in 2018 estimated in export prices. Over the period under review, sunflower-seed and safflower oil production continues to indicate outstanding growth. The most prominent rate of growth was recorded in 2012 with an increase of X% year-to-year. Over the period under review, sunflower-seed and safflower oil production reached its maximum level at $X in 2017, and then declined slightly in the following year.

Exports of Sunflower-Seed And Safflower Oil

Exports from Armenia

In 2018, approx. X tons of sunflower-seed and safflower oil were exported from Armenia; surging by X% against the previous year. In general, sunflower-seed and safflower oil exports continue to indicate an outstanding increase. The pace of growth appeared the most rapid in 2014 with an increase of X% year-to-year. Over the period under review, sunflower-seed and safflower oil exports attained their maximum in 2018 and are likely to see steady growth in the near future.

In value terms, sunflower-seed and safflower oil exports totaled $X in 2018. In general, sunflower-seed and safflower oil exports continue to indicate an outstanding expansion. The pace of growth was the most pronounced in 2014 with an increase of X% y-o-y. Over the period under review, sunflower-seed and safflower oil exports reached their maximum in 2018 and are likely to see steady growth in the near future.

Exports by Country

Ukraine was the main exporting country with an export of about X tons, which reached X% of total exports. Russia (X tons) took a X% share (based on tons) of total exports, which put it in second place, followed by Argentina (X%), the Netherlands (X%) and Hungary (X%). France (X tons), Turkey (X tons), Bulgaria (X tons), Spain (X tons) and Romania (X tons) followed a long way behind the leaders.

From 2007 to 2018, average annual rates of growth with regard to sunflower-seed and safflower oil exports from Ukraine stood at +X%. At the same time, Turkey (+X%), Bulgaria (+X%), Spain (+X%), Romania (+X%), Hungary (+X%), Russia (+X%), France (+X%) and the Netherlands (+X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Argentina experienced a relatively flat trend pattern. From 2007 to 2018, the share of Ukraine, Russia, Turkey, Hungary, Bulgaria, Spain and the Netherlands increased by +X%, +X%, +X%, +X%, +X%, +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ukraine ($X) remains the largest sunflower-seed and safflower oil supplier from Armenia, comprising X% of global exports. The second position in the ranking was occupied by Russia ($X), with a X% share of global exports. It was followed by Argentina, with a X% share.

From 2007 to 2018, the average annual growth rate of value in Ukraine amounted to +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Russia (+X% per year) and Argentina (+X% per year).

Export Prices by Country

In 2018, the sunflower-seed and safflower oil export price in Armenia amounted to $X per ton, lowering by -X% against the previous year. Over the period under review, the sunflower-seed and safflower oil export price continues to indicate a perceptible decrease. The pace of growth was the most pronounced in 2012 when the export price increased by X% year-to-year. In that year, the export prices for sunflower-seed and safflower oil reached their peak level of $X per ton. From 2013 to 2018, the growth in terms of the export prices for sunflower-seed and safflower oil remained at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2018, major exporting countries recorded the following prices: in Turkey ($X per ton) and Spain ($X per ton), while Ukraine ($X per ton) and Argentina ($X per ton) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Russia, while the other leaders experienced mixed trends in the export price figures.

Imports of Sunflower-Seed And Safflower Oil

Imports into Armenia

In 2018, the amount of sunflower-seed and safflower oil imported into Armenia stood at X tons, growing by X% against the previous year. In general, sunflower-seed and safflower oil imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 when imports increased by X% year-to-year. Armenia imports peaked at X tons in 2007; however, from 2008 to 2018, imports remained at a lower figure.

In value terms, sunflower-seed and safflower oil imports amounted to $X in 2018. In general, sunflower-seed and safflower oil imports, however, continue to indicate a slight descent. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Armenia imports peaked at $X in 2013; however, from 2014 to 2018, imports remained at a lower figure.

Imports by Country

India represented the key importing country with an import of about X tons, which amounted to X% of total imports. Italy (X tons) held the second position in the ranking, followed by Turkey (X tons), Spain (X tons) and the Netherlands (X tons). All these countries together took near X% share of total imports. The following importers - Iraq (X tons), Iran (X tons), Belgium (X tons), Germany (X tons), the UK (X tons), Egypt (X tons) and France (X tons) - together made up X% of total imports.

India was also the fastest-growing in terms of the sunflower-seed and safflower oil imports, with a CAGR of +X% from 2007 to 2018. At the same time, Turkey (+X%), Italy (+X%), Iraq (+X%), Iran (+X%), Egypt (+X%), Spain (+X%), the Netherlands (+X%), Belgium (+X%), Germany (+X%) and the UK (+X%) displayed positive paces of growth. France experienced a relatively flat trend pattern. While the share of India (+X p.p.), Turkey (+X p.p.), Italy (+X p.p.), Iraq (+X p.p.), Iran (+X p.p.), Spain (+X p.p.), the Netherlands (+X p.p.) and Egypt (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported sunflower-seed and safflower oil into Armenia, comprising X% of global imports. The second position in the ranking was occupied by Italy ($X), with a X% share of global imports. It was followed by the Netherlands, with a X% share.

In India, sunflower-seed and safflower oil imports expanded at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Italy (+X% per year) and the Netherlands (+X% per year).

Import Prices by Country

The sunflower-seed and safflower oil import price in Armenia stood at $X per ton in 2018, dropping by -X% against the previous year. In general, the sunflower-seed and safflower oil import price continues to indicate a slight descent. The pace of growth appeared the most rapid in 2008 when the import price increased by X% against the previous year. Armenia import price peaked at $X per ton in 2013; however, from 2014 to 2018, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2018, major importing countries recorded the following prices: in Germany ($X per ton) and Belgium ($X per ton), while Iran ($X per ton) and Turkey ($X per ton) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by India, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform