EU: Sunflower Oilcake Market 2024

Sunflower Oilcake Market Size in the EU

The EU sunflower oilcake market shrank to $X in 2022, which is down by X% against the previous year. In general, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then contracted modestly in the following year.

Sunflower Oilcake Production in the EU

In value terms, sunflower oilcake production soared to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, production hit record highs in 2022 and is expected to retain growth in the near future.

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Sunflower Oilcake Exports

Exports in the EU

In 2022, sunflower oilcake exports in the European Union surged to X tons, jumping by X% against the year before. Total exports indicated a prominent 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, exports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2017 with an increase of X%. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, sunflower oilcake exports skyrocketed to $X in 2022. Over the period under review, exports recorded buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Bulgaria (X tons), distantly followed by Hungary (X tons), Romania (X tons), the Netherlands (X tons) and Latvia (X tons) represented the major exporters of sunflower oilcake, together constituting X% of total exports. Germany (X tons), Belgium (X tons), Slovenia (X tons), France (X tons), the Czech Republic (X tons) and Spain (X tons) held a little share of total exports.

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

In value terms, Bulgaria ($X), Hungary ($X) and Romania ($X) constituted the countries with the highest levels of exports in 2022, together accounting for X% of total exports. The Netherlands, Germany, Latvia, Slovenia, Belgium, the Czech Republic, France and Spain lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Latvia, with a CAGR of X%, recorded 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 the European Union stood at $X per ton in 2022, surging by X% against the previous year. Export price indicated temperate 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, sunflower oilcake export price increased by X% against 2017 indices. The growth pace was the most rapid in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Germany ($X per ton) and the Netherlands ($X per ton), while France ($X per ton) and Latvia ($X per ton) were amongst the lowest.

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

Sunflower Oilcake Imports

Imports in the EU

In 2022, after two years of decline, there was significant growth in overseas purchases of sunflower oilcake, when their volume increased by X% to X tons. Overall, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, sunflower oilcake imports surged to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the five major importers of sunflower oilcake, namely Italy, France, the Netherlands, Poland and Germany, represented more than half of total import. Latvia (X tons) held the next position in the ranking, followed by Spain (X tons). All these countries together held near X% share of total imports. Belgium (X tons), Denmark (X tons), Bulgaria (X tons), Slovenia (X tons), Ireland (X tons) and Romania (X tons) held a minor share of total imports.

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

In value terms, the largest sunflower oilcake importing markets in the European Union were France ($X), Italy ($X) and the Netherlands ($X), with a combined X% share of total imports. Germany, Poland, Spain, Latvia, Belgium, Denmark, Bulgaria, Slovenia, Ireland and Romania lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Latvia, with a CAGR of X%, recorded 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 the European Union amounted to $X per ton, picking up by X% against the previous year. Import price indicated tangible 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, sunflower oilcake import price increased by X% against 2017 indices. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, import prices hit record highs in 2022 and is likely to see steady 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 Germany ($X per ton), while Romania ($X per ton) was 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.

Source: IndexBox Platform

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