Overview of the Global Market for Crude Sunflower-Seed And Safflower Oil

Market Size for Crude Sunflower-Seed And Safflower Oil

The global market for crude sunflower-seed and safflower oil expanded rapidly to $X in 2022, growing by X% against the previous year. The market 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. Over the period under review, the global market hit record highs in 2022 and is likely to see gradual growth in the near future.

Production of Crude Sunflower-Seed And Safflower Oil

In value terms, crude sunflower-seed and safflower oil production amounted to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Global production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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Exports of Crude Sunflower-Seed And Safflower Oil

Exports

Global crude sunflower-seed and safflower oil exports amounted to X tons in 2022, increasing by X% against the previous year. Overall, total exports indicated a perceptible 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, exports decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 when exports increased by X%. Over the period under review, the global exports reached the maximum at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

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

Exports by Country

Ukraine was the key exporter of crude sunflower-seed and safflower oil in the world, with the volume of exports accounting for X tons, which was near X% of total exports in 2022. Russia (X tons) held an X% share (based on physical terms) of total exports, which put it in second place, followed by Bulgaria (X%), Argentina (X%) and the Netherlands (X%). The following exporters - Turkey (X tons), Hungary (X tons), Romania (X tons), Moldova (X tons), France (X tons), Kazakhstan (X tons) and Poland (X tons) - together made up X% of total exports.

Exports from Ukraine increased at an average annual rate of X% from 2012 to 2022. At the same time, Turkey (X%), Kazakhstan (X%), Poland (X%), Bulgaria (X%), Moldova (X%), Hungary (X%), Romania (X%), the Netherlands (X%) and Russia (X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. Argentina experienced a relatively flat trend pattern. By contrast, France (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Bulgaria, Turkey, Kazakhstan, Russia and Poland increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ukraine ($X), Russia ($X) and Bulgaria ($X) constituted the countries with the highest levels of exports in 2022, together comprising X% of global exports. Argentina, the Netherlands, Turkey, Hungary, Romania, France, Moldova, Poland and Kazakhstan lagged somewhat behind, together accounting for a further X%.

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

Export Prices by Country

In 2022, the average export price for crude sunflower-seed and safflower oil amounted to $X per ton, picking up by X% against the previous year. Overall, export price indicated a measured 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, crude sunflower-seed and safflower oil export price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

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

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

Imports of Crude Sunflower-Seed And Safflower Oil

Imports

In 2022, the amount of crude sunflower-seed and safflower oil imported worldwide soared to X tons, with an increase of X% compared with the previous year. Overall, total imports indicated a strong 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, imports decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 when imports increased by X%. Global imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

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

Imports by Country

In 2022, India (X tons) and Turkey (X tons) represented the main importers of crude sunflower-seed and safflower oilaround the world, together amounting to near X% of total imports. Spain (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Italy (X%), China (X%) and the Netherlands (X%). Iraq (X tons), Poland (X tons), Iran (X tons), Germany (X tons), Bulgaria (X tons), France (X tons) and Belgium (X tons) held a minor share of total imports.

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

In value terms, the largest crude sunflower-seed and safflower oil importing markets worldwide were India ($X), Turkey ($X) and Spain ($X), together accounting for X% of global imports. Italy, China, the Netherlands, Poland, Germany, Bulgaria, Iraq, France, Iran and Belgium lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Iraq, 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 global leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for crude sunflower-seed and safflower oil stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, import price indicated a slight 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, crude sunflower-seed and safflower oil import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. Global import price peaked in 2022 and is likely to see gradual growth in years to come.

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

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

Source: IndexBox Platform

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