Latest Report Update: Apr 21, 2021

Latin America and the Caribbean - Refined Sunflower-Seed And Safflower Oil - Market Analysis, Forecast, Size, Trends And Insights
Update: COVID-19 Impact

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Latin America and the Caribbean: Overview of the Market for Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified 2021

Market Size for Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified in Latin America and the Caribbean

In 2019, the Latin American market for sunflower-seed or safflower oil, refined, but not chemically modified increased by X% to $X, rising for the second consecutive year after six years of decline. In general, consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the market value increased by X% against the previous year. As a result, consumption reached the peak level of $X. From 2012 to 2019, the growth of the market remained at a somewhat lower figure.

Production of Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified in Latin America and the Caribbean

In value terms, production of sunflower-seed or safflower oil, refined, but not chemically modified totaled $X in 2019 estimated in export prices. In general, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2011 with an increase of X% y-o-y. As a result, production reached the peak level of $X. From 2012 to 2019, production growth remained at a lower figure.

Production By Country in Latin America and the Caribbean

The countries with the highest volumes of production of sunflower-seed or safflower oil, refined, but not chemically modified in 2019 were Brazil (X tonnes), Mexico (X tonnes) and Argentina (X tonnes), together accounting for X% of total production. Colombia, Venezuela, Peru, Cuba, Ecuador, Guatemala, the Dominican Republic, Chile, Bolivia and Honduras lagged somewhat behind, together accounting for a further X 2007 to 2019, the biggest increases were in Honduras, while production of sunflower-seed or safflower oil, refined, but not chemically modified for the other leaders experienced more modest paces of growth.

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

Exports in Latin America and the Caribbean

In 2019, overseas shipments of sunflower-seed or safflower oil, refined, but not chemically modified decreased by -X% to X tonnes, falling for the second year in a row after two years of growth. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. As a result, exports attained the peak of X tonnes. From 2018 to 2019, the growth of exports remained at a somewhat lower figure.

In value terms, exports of sunflower-seed or safflower oil, refined, but not chemically modified contracted dramatically to $X in 2019. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by X% year-to-year. The level of export peaked at $X in 2011; however, from 2012 to 2019, exports failed to regain the momentum.

Exports by Country

Argentina dominates exports of sunflower-seed or safflower oil, refined, but not chemically modified structure, resulting at X tonnes, which was near X% of total exports in 2019. It was distantly followed by Bolivia (X tonnes), making up a X% share of total exports. The following exporters - Mexico (X tonnes) and Guatemala (X tonnes) - each reached a X% share of total exports.

Exports from Argentina increased at an average annual rate of +X% from 2007 to 2019. At the same time, Bolivia (+X%) displayed positive paces of growth. Moreover, Bolivia emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +X% from 2007-2019. By contrast, Guatemala (-X%) and Mexico (-X%) illustrated a downward trend over the same period. From 2007 to 2019, the share of Argentina and Bolivia increased by +X% and +X% percentage points, while Guatemala (-X p.p.) and Mexico (-X p.p.) saw their share reduced.

In value terms, Argentina ($X) remains the largest sunflower-seed or safflower oil, refined, but not chemically modified supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was occupied by Bolivia ($X), with a X% share of total exports. It was followed by Mexico, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value in Argentina amounted to +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Bolivia (+X% per year) and Mexico (-X% per year).

Export Prices by Country

In 2019, the export price for sunflower-seed or safflower oil, refined, but not chemically modified in Latin America and the Caribbean amounted to $X per tonne, reducing by -X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 an increase of X% against the previous year. As a result, export price attained the peak level of $X per tonne. From 2009 to 2019, the growth in terms of the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2019, the country with the highest price was Mexico ($X per tonne), while Argentina ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Mexico, while the other leaders experienced more modest paces of growth.

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

Imports in Latin America and the Caribbean

In 2019, overseas purchases of sunflower-seed or safflower oil, refined, but not chemically modified decreased by -X% to X tonnes, falling for the second year in a row after two years of growth. In general, imports, however, recorded a prominent increase. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tonnes in 2017; however, from 2018 to 2019, imports failed to regain the momentum.

In value terms, imports of sunflower-seed or safflower oil, refined, but not chemically modified declined markedly to $X in 2019. Over the period under review, imports, however, continue to indicate a perceptible increase. The most prominent rate of growth was recorded in 2017 when imports increased by X% y-o-y. As a result, imports attained the peak of $X. From 2018 to 2019, the growth of imports failed to regain the momentum.

Imports by Country

Chile represented the key importing country with an import of around X tonnes, which reached X% of total imports. Paraguay (X tonnes) took a X% share (based on tonnes) of total imports, which put it in second place, followed by Colombia (X%) and Suriname (X%). Peru (X tonnes), Mexico (X tonnes), Venezuela (X tonnes), Uruguay (X tonnes), Panama (X tonnes), El Salvador (X tonnes) and British Virgin Islands (X tonnes) took a little share of total imports.

Imports into Chile increased at an average annual rate of +X% from 2007 to 2019. At the same time, Suriname (+X%), Peru (+X%), Uruguay (+X%), Panama (+X%) and Paraguay (+X%) displayed positive paces of growth. Moreover, Suriname emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +X% from 2007-2019. Venezuela experienced a relatively flat trend pattern. By contrast, Colombia (-X%), Mexico (-X%), El Salvador (-X%) and British Virgin Islands (-X%) illustrated a downward trend over the same period. Chile (+X p.p.), Suriname (+X p.p.), Paraguay (+X p.p.), Venezuela (+X p.p.) and Peru (+X p.p.) significantly strengthened its position in terms of the total imports, while Mexico, Colombia, El Salvador and British Virgin Islands saw its share reduced by -X%, -X%, -X% and -X% from 2007 to 2019, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Chile ($X) constitutes the largest market for imported sunflower-seed or safflower oil, refined, but not chemically modified in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was occupied by Paraguay ($X), with a X% share of total imports. It was followed by Colombia, with a X% share.

From 2007 to 2019, the average annual growth rate of value in Chile amounted to +X%. The remaining importing countries recorded the following average annual rates of imports growth: Paraguay (+X% per year) and Colombia (-X% per year).

Import Prices by Country

In 2019, the import price for sunflower-seed or safflower oil, refined, but not chemically modified in Latin America and the Caribbean amounted to $X per tonne, reducing by -X% against the previous year. Overall, the import price showed a slight contraction. The pace of growth was the most pronounced in 2008 an increase of X% year-to-year. Over the period under review, import prices reached the maximum at $X per tonne in 2011; however, from 2012 to 2019, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2019, major importing countries recorded the following prices: in Colombia ($X per tonne) and Peru ($X per tonne), while British Virgin Islands ($X per tonne) and Chile ($X per tonne) were amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Panama, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sunflower-seed or safflower oil, refined, but not chemically modified in LatAmerica and the Caribbean?
+
The countries with the highest volumes of consumption of sunflower-seed or safflower oil, refined, but not chemically modified in 2019 were Brazil (1.3M tonnes), Mexico (902K tonnes) and Argentina (357K tonnes), together comprising 58% of total consumption. These countries were followed by Colombia, Venezuela, Peru, Chile, Cuba, Ecuador, Guatemala, the Dominican Republic, Honduras and Haiti, which together accounted for a further 32%.
What are the largest producers of sunflower-seed or safflower oil, refined, but not chemically modified in LatAmerica and the Caribbean?
+
The countries with the highest volumes of production of sunflower-seed or safflower oil, refined, but not chemically modified in 2019 were Brazil (1.3M tonnes), Mexico (900K tonnes) and Argentina (450K tonnes), together accounting for 61% of total production. Colombia, Venezuela, Peru, Cuba, Ecuador, Guatemala, the Dominican Republic, Chile, Bolivia and Honduras lagged somewhat behind, together accounting for a further 30%.
What are the leading suppliers of sunflower-seed or safflower oil, refined, but not chemically modified in LatAmerica and the Caribbean?
+
In value terms, Argentina ($93M) remains the largest sunflower-seed or safflower oil, refined, but not chemically modified supplier in Latin America and the Caribbean, comprising 79% of total exports. The second position in the ranking was occupied by Bolivia ($12M), with a 11% share of total exports. It was followed by Mexico, with a 5.5% share.
What are the leading importers of sunflower-seed or safflower oil, refined, but not chemically modified in LatAmerica and the Caribbean?
+
In value terms, Chile ($69M) constitutes the largest market for imported sunflower-seed or safflower oil, refined, but not chemically modified in Latin America and the Caribbean, comprising 47% of total imports. The second position in the ranking was occupied by Paraguay ($20M), with a 13% share of total imports. It was followed by Colombia, with a 8.1% share.
What is the average export price for sunflower-seed or safflower oil, refined, but not chemically modified in LatAmerica and the Caribbean?
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In 2019, the export price for sunflower-seed or safflower oil, refined, but not chemically modified in Latin America and the Caribbean amounted to $1,059 per tonne, shrinking by -1.9% against the previous year.
What is the average import price for sunflower-seed or safflower oil, refined, but not chemically modified in LatAmerica and the Caribbean?
+
The import price for sunflower-seed or safflower oil, refined, but not chemically modified in Latin America and the Caribbean stood at $1,097 per tonne in 2019, waning by -3.9% against the previous year.

Product coverage:
• Prodcom 10415400 - Refined sunflower-seed and safflower oil and their fractions (excluding chemically modified)

This report provides an in-depth analysis of the market for sunflower-seed or safflower oil, refined, but not chemically modified in Latin America and the Caribbean. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Anguilla
• Antigua and Barbuda
• Aruba
• Bahamas
• Barbados
• Belize
• Bermuda
• Bolivia
• British Virgin Islands
• Cayman Islands
• Costa Rica
• Curacao
• Dominica
• El Salvador
• Falkland Islands (Malvinas)
• French Guiana
• Grenada
• Guadeloupe
• Guatemala
• Guyana
• Haiti
• Honduras
• Jamaica
• Martinique
• Montserrat
• Nicaragua
• Panama
• Paraguay
• Saint Kitts and Nevis
• Saint Lucia
• Saint Maarten (Dutch part)
• Saint Vincent and the Grenadines
• Suriname
• Trinidad and Tobago
• Turks and Caicos Islands
• United States Virgin Islands

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Latin America and the Caribbean, split by region and country
• Trade (exports and imports) in Latin America and the Caribbean
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Anguilla
• Antigua and Barbuda
• Argentina
• Aruba
• Bahamas
• Barbados
• Belize
• Bermuda
• Bolivia
• Brazil
• British Virgin Islands
• Cayman Islands
• Chile
• Colombia
• Costa Rica
• Cuba
• Curacao
• Dominica
• Dominican Republic
• Ecuador
• El Salvador
• Falkland Islands (Malvinas)
• French Guiana
• Grenada
• Guadeloupe
• Guatemala
• Guyana
• Haiti
• Honduras
• Jamaica
• Martinique
• Mexico
• Montserrat
• Nicaragua
• Panama
• Paraguay
• Peru
• Saint Kitts and Nevis
• Saint Lucia
• Saint Vincent and the Grenadines
• Saint Maarten (Dutch part)
• Suriname
• Trinidad and Tobago
• Turks and Caicos Islands
• United States Virgin Islands
• Uruguay
• Venezuela
• Puerto Rico
LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption, By Country, 2015–2020
Table 5:
Production, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Physical Terms, By Country, 2007–2020
Table 7:
Imports, In Value Terms, By Country, 2007–2020
Table 8:
Import Prices, By Country Of Destination, 2007–2020
Table 9:
Exports, In Physical Terms, By Country, 2007–2020
Table 10:
Exports, In Value Terms, By Country, 2007–2020
Table 11:
Export Prices, By Country Of Origin, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, By Country, 2020
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2020
Figure 17:
Production, In Value Terms, 2007–2020
Figure 18:
Production, By Country, 2020
Figure 19:
Production, In Physical Terms, By Country, 2007–2020
Figure 20:
Imports, In Physical Terms, 2007–2020
Figure 21:
Imports, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, By Country, 2020
Figure 23:
Imports, In Physical Terms, By Country, 2007–2020
Figure 24:
Imports, In Value Terms, By Country, 2007–2020
Figure 25:
Import Prices, By Country, 2007–2020
Figure 26:
Exports, In Physical Terms, 2007–2020
Figure 27:
Exports, In Value Terms, 2007–2020
Figure 28:
Exports, In Physical Terms, By Country, 2020
Figure 29:
Exports, In Physical Terms, By Country, 2007–2020
Figure 30:
Exports, In Value Terms, By Country, 2007–2020
Figure 31:
Export Prices, 2007–2020

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