Asia: Market for Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified 2024

Market Size for Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified in Asia

The Asian market for sunflower-seed or safflower oil, refined, but not chemically modified reduced modestly to $X in 2022, which is down by X% against the previous year. The total consumption indicated moderate growth 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 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Production of Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified in Asia

In value terms, production of sunflower-seed or safflower oil, refined, but not chemically modified dropped to $X in 2022 estimated in export price. Over the period under review, production enjoyed noticeable growth. The pace of growth appeared the most rapid in 2019 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2020 to 2022, production of growth failed to regain momentum.

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Exports of Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified

Exports in Asia

Exports of sunflower-seed or safflower oil, refined, but not chemically modified skyrocketed to X tons in 2022, jumping by X% on 2021 figures. Total exports indicated a buoyant expansion from 2012 to 2022: its volume 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, exports decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, exports of sunflower-seed or safflower oil, refined, but not chemically modified skyrocketed to $X in 2022. Overall, exports posted a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey dominates modified structure, finishing at X tons, which was near X% of total exports in 2022. Malaysia (X tons) took the second position in the ranking, followed by Kazakhstan (X tons). All these countries together held approx. X% share of total exports. Oman (X tons) and Saudi Arabia (X tons) held a minor share of total exports.

Exports from Turkey increased at an average annual rate of X% from 2012 to 2022. At the same time, Kazakhstan (X%), Oman (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. Saudi Arabia experienced a relatively flat trend pattern. While the share of Turkey (X p.p.) and Kazakhstan (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Malaysia (X p.p.) and Saudi Arabia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest sunflower-seed or safflower oil, refined, but not chemically modified supplier in Asia, comprising X% of total exports. The second position in the ranking was held by Malaysia ($X), with a X% share of total exports. It was followed by Kazakhstan, with a X% share.

In Turkey, exports of sunflower-seed or safflower oil, refined, but not chemically modified increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (X% per year) and Kazakhstan (X% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, jumping by X% against the previous year. Export price indicated mild growth 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, export price for sunflower-seed or safflower oil, refined, but not chemically modified increased by X% against 2019 indices. The pace of growth was the most pronounced in 2021 when the export price increased by X%. The level of export peaked in 2022 and is likely to continue growth in years to come.

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 Malaysia ($X per ton), while Kazakhstan ($X per ton) was 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 mixed trends in the export price figures.

Imports of Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified

Imports in Asia

In 2022, supplies from abroad of sunflower-seed or safflower oil, refined, but not chemically modified decreased by X% to X tons, falling for the second year in a row after two years of growth. Total imports indicated a noticeable increase from 2012 to 2022: its volume 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, imports decreased by X% against 2020 indices. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, imports of sunflower-seed or safflower oil, refined, but not chemically modified expanded sharply to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when imports increased by X%. Over the period under review, imports of attained the maximum in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Uzbekistan (X tons), Syrian Arab Republic (X tons), Afghanistan (X tons), Lebanon (X tons), the United Arab Emirates (X tons), Iraq (X tons), Jordan (X tons), South Korea (X tons), Kazakhstan (X tons), Kyrgyzstan (X tons), Israel (X tons) and Georgia (X tons) represented the major importer of sunflower-seed or safflower oil, refined, but not chemically modified in Asia, creating X% of total import. Armenia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Afghanistan (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest sunflower-seed or safflower oil, refined, but not chemically modified importing markets in Asia were Uzbekistan ($X), Lebanon ($X) and Syrian Arab Republic ($X), with a combined X% share of total imports. South Korea, Jordan, the United Arab Emirates, Afghanistan, Israel, Kazakhstan, Iraq, Kyrgyzstan, Georgia and Armenia lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, the United Arab Emirates, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, increasing by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per ton), while Afghanistan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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