Eastern Europe: 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 Eastern Europe

The East European market for sunflower-seed or safflower oil, refined, but not chemically modified surged to $X in 2022, jumping by X% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

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

In value terms, production of sunflower-seed or safflower oil, refined, but not chemically modified stood at $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the production volume increased by X% against the previous year. Over the period under review, production of reached the maximum level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

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

Exports in Eastern Europe

In 2022, shipments abroad of sunflower-seed or safflower oil, refined, but not chemically modified decreased by X% to X tons, falling for the second consecutive year after five years of growth. Overall, exports, however, posted resilient growth. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. Over the period under review, the exports of reached the peak figure at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, exports of sunflower-seed or safflower oil, refined, but not chemically modified rose markedly to $X in 2022. Over the period under review, exports, however, enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, the exports of reached the maximum in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Ukraine was the major exporting country with an export of about X tons, which amounted to X% of total exports. Russia (X tons) ranks second in terms of the total exports with a X% share, followed by Hungary (X%), Bulgaria (X%) and Romania (X%). The Czech Republic (X tons) and Poland (X tons) held a relatively small share of total exports.

Exports from Ukraine increased at an average annual rate of X% from 2012 to 2022. At the same time, Poland (X%), the Czech Republic (X%), Bulgaria (X%), Russia (X%) and Romania (X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2022. Hungary experienced a relatively flat trend pattern. Ukraine (X p.p.), Bulgaria (X p.p.), the Czech Republic (X p.p.) and Poland (X p.p.) significantly strengthened its position in terms of the total exports, while Hungary 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, the largest sunflower-seed or safflower oil, refined, but not chemically modified supplying countries in Eastern Europe were Ukraine ($X), Hungary ($X) and Russia ($X), together accounting for X% of total exports. Bulgaria, Romania, the Czech Republic and Poland lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Poland, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, rising by X% against the previous year. Export price indicated a tangible 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, 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 the near future.

Average prices varied noticeably amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Poland ($X per ton) and Bulgaria ($X per ton), while Russia ($X per ton) and the Czech Republic ($X per ton) were amongst the lowest.

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

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

Imports in Eastern Europe

Imports of sunflower-seed or safflower oil, refined, but not chemically modified skyrocketed to X tons in 2022, picking up by X% compared with 2021. In general, imports showed resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of sunflower-seed or safflower oil, refined, but not chemically modified soared to $X in 2022. Over the period under review, imports continue to indicate a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Poland (X tons), Belarus (X tons), Romania (X tons) and the Czech Republic (X tons) was the main importer of sunflower-seed or safflower oil, refined, but not chemically modified in Eastern Europe, constituting X% of total import. It was distantly followed by Slovakia (X tons), achieving a X% share of total imports. The following importers - Bulgaria (X tons) and Lithuania (X tons) - each accounted for an X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Poland (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 Eastern Europe were Poland ($X), Belarus ($X) and Romania ($X), together comprising X% of total imports.

Poland, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries 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 Eastern Europe amounted to $X per ton, with an increase of X% against the previous year. Import price indicated a modest 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, import price for sunflower-seed or safflower oil, refined, but not chemically modified increased by X% against 2019 indices. The most prominent rate of growth was recorded 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 likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Lithuania ($X per ton), while Belarus ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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