Latin America and the Caribbean: Sunflower Oilcake Market 2024

Sunflower Oilcake Market Size in Latin America and the Caribbean

In 2022, the Latin American sunflower oilcake market increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, showed significant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Sunflower Oilcake Production in Latin America and the Caribbean

In value terms, sunflower oilcake production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a noticeable expansion. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

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Sunflower Oilcake Exports

Exports in Latin America and the Caribbean

In 2022, shipments abroad of sunflower oilcake increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, continue to indicate a mild setback. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, sunflower oilcake exports soared to $X in 2022. Over the period under review, exports showed a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Argentina dominates exports structure, finishing at X tons, which was approx. X% of total exports in 2022. It was distantly followed by Bolivia (X tons), constituting a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to sunflower oilcake exports from Argentina stood at X%. 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 2012-2022. Bolivia (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Argentina ($X) emerged as the largest sunflower oilcake supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Bolivia ($X), with a X% share of total exports.

In Argentina, sunflower oilcake exports remained relatively stable over the period from 2012-2022.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, reducing by X% against the previous year. Export price indicated a tangible 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, sunflower oilcake export price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2013 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Bolivia ($X per ton), while Argentina amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (X%).

Sunflower Oilcake Imports

Imports in Latin America and the Caribbean

In 2022, approx. X tons of sunflower oilcake were imported in Latin America and the Caribbean; reducing by X% compared with the year before. In general, imports saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, sunflower oilcake imports expanded notably to $X in 2022. Overall, imports recorded a noticeable slump. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Uruguay (X tons) and Chile (X tons) represented the largest importers of sunflower oilcake in Latin America and the Caribbean, together achieving X% of total imports. It was distantly followed by Colombia (X tons), Peru (X tons) and Paraguay (X tons), together mixing up a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Peru (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Chile ($X), Uruguay ($X) and Colombia ($X) were the countries with the highest levels of imports in 2022, together comprising X% of total imports. Peru and Paraguay lagged somewhat behind, together accounting for a further X%.

Peru, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, rising by X% against the previous year. Import price indicated a modest 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, sunflower oilcake import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.

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

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

Source: IndexBox Platform

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