Asia-Pacific: Market for Crude Sunflower-Seed And Safflower Oil 2024

Market Size for Crude Sunflower-Seed And Safflower Oil in Asia-Pacific

The Asia-Pacific market for crude sunflower-seed and safflower oil was estimated at $X in 2022, rising by X% against the previous year. The total consumption indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Production of Crude Sunflower-Seed And Safflower Oil in Asia-Pacific

In value terms, crude sunflower-seed and safflower oil production contracted modestly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a deep contraction. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Exports of Crude Sunflower-Seed And Safflower Oil

Exports in Asia-Pacific

In 2022, approx. X tons of crude sunflower-seed and safflower oil were exported in Asia-Pacific; waning by X% on 2021. Overall, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, crude sunflower-seed and safflower oil exports reduced remarkably to $X in 2022. In general, exports faced a abrupt curtailment. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Malaysia (X tons) and India (X tons) represented the key exporters of crude sunflower-seed and safflower oil in Asia-Pacific, together mixing up X% of total exports. It was distantly followed by China (X tons), generating a X% share of total exports. Australia (X tons) and Nepal (X tons) took a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by India (with a CAGR of X%), while the other leaders experienced a decline in the exports figures.

In value terms, the largest crude sunflower-seed and safflower oil supplying countries in Asia-Pacific were Malaysia ($X), China ($X) and India ($X), with a combined X% share of total exports.

India, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, growing by X% against the previous year. Export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, crude sunflower-seed and safflower oil export price increased by X% against 2019 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%), while the other leaders experienced more modest paces of growth.

Imports of Crude Sunflower-Seed And Safflower Oil

Imports in Asia-Pacific

In 2022, purchases abroad of crude sunflower-seed and safflower oil decreased by X% to X tons, falling for the second year in a row after nine years of growth. Over the period under review, imports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2014 when imports increased by X%. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, crude sunflower-seed and safflower oil imports rose remarkably to $X in 2022. In general, imports, however, recorded a strong increase. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

India was the key importing country with an import of around X tons, which finished at X% of total imports. It was distantly followed by China (X tons), making up a X% share of total imports. The following importers - Nepal (X tons) and Malaysia (X tons) - each recorded a X% share of total imports.

Imports into India increased at an average annual rate of X% from 2012 to 2022. At the same time, China (X%), Malaysia (X%) and Nepal (X%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of China increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported crude sunflower-seed and safflower oil in Asia-Pacific, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Malaysia, with a X% share.

In India, crude sunflower-seed and safflower oil imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: China (X% per year) and Malaysia (X% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, picking up by X% against the previous year. Import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, crude sunflower-seed and safflower oil import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of import peaked in 2022 and is likely to continue growth in years to come.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Malaysia ($X per ton) and India ($X per ton), while China ($X per ton) and Nepal ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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