Germany: 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 Germany

The German market for sunflower-seed or safflower oil, refined, but not chemically modified skyrocketed to $X in 2022, jumping by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

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

In value terms, production of sunflower-seed or safflower oil, refined, but not chemically modified dropped modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, production reached the peak level of $X, and then reduced modestly in the following year.

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

Exports from Germany

In 2022, overseas shipments of sunflower-seed or safflower oil, refined, but not chemically modified decreased by X% to X tons for the first time since 2011, thus ending a ten-year rising trend. Overall, total exports indicated a mild 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. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The exports peaked at X tons in 2021, and then reduced remarkably in the following year.

In value terms, exports of sunflower-seed or safflower oil, refined, but not chemically modified fell sharply to $X in 2022. In general, total exports indicated a pronounced expansion 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, exports increased by X% against 2015 indices. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then dropped markedly in the following year.

Exports by Country

The Netherlands (X tons) was the main destination for exports of sunflower-seed or safflower oil, refined, but not chemically modified from Germany, with a X% share of total exports. Moreover, exports of sunflower-seed or safflower oil, refined, but not chemically modified to the Netherlands exceeded the volume sent to the second major destination, Belgium (X tons), threefold. Poland (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (X% per year) and Poland (X% per year).

In value terms, the Netherlands ($X) remains the key foreign market for sunflower-seed or safflower oil, refined, but not chemically modified exports from Germany, comprising X% of total exports. The second position in the ranking was held by Belgium ($X), with a X% share of total exports. It was followed by Poland, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Netherlands stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (X% per year) and Poland (X% per year).

Export Prices by Country

The average export price for sunflower-seed or safflower oil, refined, but not chemically modified stood at $X per ton in 2022, growing by X% against the previous year. Overall, 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 most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Switzerland ($X per ton) and the UK ($X per ton), while the average price for exports to Sweden ($X per ton) and Poland ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (X%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Germany

In 2022, imports of sunflower-seed or safflower oil, refined, but not chemically modified into Germany soared to X tons, jumping by X% compared with the year before. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached 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. Overall, imports enjoyed a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Hungary (X tons), Bulgaria (X tons) and Belgium (X tons) were the main suppliers of imports of sunflower-seed or safflower oil, refined, but not chemically modified to Germany, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bulgaria (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Hungary ($X), Belgium ($X) and the Netherlands ($X) were the largest sunflower-seed or safflower oil, refined, but not chemically modified suppliers to Germany, together accounting for X% of total imports. Austria, Bulgaria, Ukraine, Italy and Spain lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Bulgaria, 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

The average import price for sunflower-seed or safflower oil, refined, but not chemically modified stood at $X per ton in 2022, increasing by X% against the previous year. In general, import price indicated a perceptible increase 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. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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