Botswana: Overview of the Market for Sunflower-Seed And Safflower Oil 2019

Market Size for Sunflower-Seed And Safflower Oil in Botswana

The revenue of the sunflower-seed and safflower oil market in Botswana amounted to $X in 2018, jumping by X% against the previous year. In general, the total market indicated a moderate expansion from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, sunflower-seed and safflower oil consumption increased by +X% against 2016 indices. The growth pace was the most rapid in 2008 with an increase of X% against the previous year. Botswana sunflower-seed and safflower oil consumption peaked at $X in 2015; however, from 2016 to 2018, consumption remained at a lower figure.

Production of Sunflower-Seed And Safflower Oil in Botswana

In value terms, sunflower-seed and safflower oil production totaled $X in 2018 estimated in export prices. In general, sunflower-seed and safflower oil production, however, continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2008 when production volume increased by X% year-to-year. In that year, sunflower-seed and safflower oil production reached its peak level of $X. From 2009 to 2018, sunflower-seed and safflower oil production growth remained at a lower figure.

Exports of Sunflower-Seed And Safflower Oil

Exports from Botswana

In 2018, approx. X tonnes of sunflower-seed and safflower oil were exported from Botswana; picking up by X% against the previous year. Overall, sunflower-seed and safflower oil exports continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. In that year, sunflower-seed and safflower oil exports reached their peak and are likely to continue its growth in the immediate term.

In value terms, sunflower-seed and safflower oil exports stood at $X in 2018. Overall, sunflower-seed and safflower oil exports continue to indicate an extraordinary increase. The pace of growth appeared the most rapid in 2010 with an increase of X% year-to-year. Over the period under review, sunflower-seed and safflower oil exports attained their peak figure in 2018 and are likely to see steady growth in the immediate term.

Exports by Country

Ukraine represented the key exporter of sunflower-seed and safflower oil in the world, with the volume of exports accounting for X tonnes, which was approx. X% of total exports in 2018. It was distantly followed by Russia (X tonnes), Argentina (X tonnes), the Netherlands (X tonnes) and Hungary (X tonnes), together generating a X% share of total exports. France (X tonnes), Turkey (X tonnes), Bulgaria (X tonnes), Spain (X tonnes) and Romania (X tonnes) held a little share of total exports.

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

In Ukraine, sunflower-seed and safflower oil exports expanded at an average annual rate of +X% over the period from 2007-2018. 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 Botswana amounted to $X per tonne, falling by -X% against the previous year. In general, the sunflower-seed and safflower oil export price, however, continues to indicate a buoyant increase. The growth pace was the most rapid in 2008 when the export price increased by X% year-to-year. In that year, the export prices for sunflower-seed and safflower oil attained their peak level of $X per tonne. From 2009 to 2018, the growth in terms of the export prices for sunflower-seed and safflower oil failed to regain its momentum.

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

Sunflower-seed and safflower oil imports into Botswana totaled X tonnes in 2018, increasing by X% against the previous year. Overall, the total imports indicated a modest expansion from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, sunflower-seed and safflower oil imports increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. In that year, sunflower-seed and safflower oil imports reached their peak of X tonnes. From 2016 to 2018, the growth of sunflower-seed and safflower oil imports failed to regain its momentum.

In value terms, sunflower-seed and safflower oil imports amounted to $X in 2018. In general, sunflower-seed and safflower oil imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 with an increase of X% against the previous year. In that year, sunflower-seed and safflower oil imports reached their peak of $X. From 2009 to 2018, the growth of sunflower-seed and safflower oil imports remained at a somewhat lower figure.

Imports by Country

India represented the key importer of sunflower-seed and safflower oil in the world, with the volume of imports finishing at X tonnes, which was approx. X% of total imports in 2018. Italy (X tonnes) occupied a X% share (based on tonnes) of total imports, which put it in second place, followed by Turkey (X%), Spain (X%) and the Netherlands (X%). The following importers - Iraq (X tonnes), Iran (X tonnes), Belgium (X tonnes), Germany (X tonnes), the UK (X tonnes), Egypt (X tonnes) and France (X tonnes) - 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. 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.) significantly strengthened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2007 to 2018, the average annual rate of growth in terms of value in India totaled +X%. The remaining importing countries recorded the following average annual rates of imports growth: Italy (+X% per year) and the Netherlands (+X% per year).

Import Prices by Country

The sunflower-seed and safflower oil import price in Botswana stood at $X per tonne in 2018, increasing by X% against the previous year. Overall, the sunflower-seed and safflower oil import price, however, continues to indicate a mild decline. The most prominent rate of growth was recorded in 2016 an increase of X% year-to-year. Over the period under review, the import prices for sunflower-seed and safflower oil attained their maximum at $X per tonne in 2011; however, from 2012 to 2018, import prices remained at a lower figure.

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