Australia and Oceania: Market for Sunflower-Seed And Safflower Oil 2024

Market Size for Sunflower-Seed And Safflower Oil in Australia and Oceania

The sunflower-seed and safflower oil market in Australia and Oceania soared to $X in 2022, growing by X% against the previous year. The total consumption indicated buoyant 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 increased by X% against 2016 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Sunflower-Seed And Safflower Oil in Australia and Oceania

In value terms, sunflower-seed and safflower oil production totaled $X in 2022 estimated in export price. Overall, production, however, continues to indicate a deep slump. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

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Exports of Sunflower-Seed And Safflower Oil

Exports in Australia and Oceania

In 2022, shipments abroad of sunflower-seed and safflower oil was finally on the rise to reach X tons after two years of decline. In general, exports, however, saw a deep slump. The pace of growth appeared the most rapid in 2019 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, sunflower-seed and safflower oil exports surged to $X in 2022. Overall, exports, however, saw a noticeable curtailment. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Australia dominates exports structure, amounting to X tons, which was near X% of total exports in 2022. It was distantly followed by New Zealand (X tons), comprising an X% share of total exports. Fiji (X tons) followed a long way behind the leaders.

Exports from Australia decreased at an average annual rate of X% from 2012 to 2022. At the same time, Fiji (X%) and New Zealand (X%) displayed positive paces of growth. Moreover, Fiji emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of New Zealand and Fiji increased by X and X percentage points, respectively.

In value terms, Australia ($X) remains the largest sunflower-seed and safflower oil supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was held by New Zealand ($X), with an X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: New Zealand (X% per year) and Fiji (X% per year).

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the export price recorded a resilient increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Fiji ($X per ton), while New Zealand ($X per ton) was amongst the lowest.

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

Imports of Sunflower-Seed And Safflower Oil

Imports in Australia and Oceania

Sunflower-seed and safflower oil imports rose markedly to X tons in 2022, increasing by X% on the previous year's figure. Total imports indicated a prominent 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, imports decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, sunflower-seed and safflower oil imports surged to $X in 2022. Over the period under review, imports saw prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Australia was the key importing country with an import of around X tons, which accounted for X% of total imports. It was distantly followed by New Zealand (X tons) and French Polynesia (X tons), together making up a X% share of total imports. New Caledonia (X tons), Papua New Guinea (X tons) and Samoa (X tons) followed a long way behind the leaders.

Imports into Australia increased at an average annual rate of X% from 2012 to 2022. At the same time, Samoa (X%), French Polynesia (X%), Papua New Guinea (X%), New Zealand (X%) and New Caledonia (X%) displayed positive paces of growth. Moreover, Samoa emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2022. Samoa (X p.p.) significantly strengthened its position in terms of the total imports, while New Zealand saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported sunflower-seed and safflower oil in Australia and Oceania, comprising X% of total imports. The second position in the ranking was held by New Zealand ($X), with a X% share of total imports. It was followed by French Polynesia, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Australia amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (X% per year) and French Polynesia (X% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, jumping by X% against the previous year. Import price indicated a notable 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, sunflower-seed and safflower oil import price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. Over the period under review, import prices reached the maximum in 2022 and is expected to retain growth in the near future.

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 French Polynesia ($X per ton), while Samoa ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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