Japan: Market for Sunflower-Seed And Safflower Oil 2024

Market Size for Sunflower-Seed And Safflower Oil in Japan

For the third year in a row, the Japanese sunflower-seed and safflower oil market recorded decline in sales value, which decreased by X% to $X in 2022. In general, consumption showed a noticeable downturn. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Sunflower-Seed And Safflower Oil in Japan

In value terms, sunflower-seed and safflower oil production shrank slightly to $X in 2022 estimated in export price. Over the period under review, production recorded a deep setback. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Exports of Sunflower-Seed And Safflower Oil

Exports from Japan

Sunflower-seed and safflower oil exports from Japan skyrocketed to X tons in 2022, rising by X% against the previous year's figure. Over the period under review, exports posted a temperate increase. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, sunflower-seed and safflower oil exports surged to $X in 2022. In general, exports, however, continue to indicate a pronounced setback. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Thailand (X tons), China (X tons) and Singapore (X tons) were the main destinations of sunflower-seed and safflower oil exports from Japan, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Singapore (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), China ($X) and Singapore ($X) constituted the largest markets for sunflower-seed and safflower oil exported from Japan worldwide, with a combined X% share of total exports.

Among the main countries of destination, Singapore, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2022, the average sunflower-seed and safflower oil export price amounted to $X per ton, rising by X% against the previous year. Overall, the export price, however, continues to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2013 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to China ($X per ton) and Thailand ($X per ton), while the average price for exports to Singapore ($X per ton) and the United States ($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 China (X%), while the prices for the other major destinations experienced a decline.

Imports of Sunflower-Seed And Safflower Oil

Imports into Japan

In 2022, purchases abroad of sunflower-seed and safflower oil decreased by X% to X tons, falling for the third year in a row after two years of growth. Over the period under review, imports showed a perceptible downturn. The pace of growth was the most pronounced in 2019 when imports increased by X%. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, sunflower-seed and safflower oil imports reduced modestly to $X in 2022. In general, imports saw a noticeable contraction. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Russia (X tons), Ukraine (X tons) and Spain (X tons) were the main suppliers of sunflower-seed and safflower oil imports to Japan, with a combined X% share of total imports.

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

In value terms, the largest sunflower-seed and safflower oil suppliers to Japan were Spain ($X), Russia ($X) and the United States ($X), together comprising X% of total imports. Ukraine, Hungary, Turkey, France, Mexico and Argentina lagged somewhat behind, together comprising a further X%.

Hungary, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average sunflower-seed and safflower oil import price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Mexico ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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