Namibia: Market for Sunflower-Seed And Safflower Oil 2019

Market Size for Sunflower-Seed And Safflower Oil in Namibia

The revenue of the sunflower-seed and safflower oil market in Namibia amounted to $X in 2018, rising by X% against the previous year. Overall, the total market indicated a perceptible expansion from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, sunflower-seed and safflower oil consumption increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2011 with an increase of X% against the previous year. Over the period under review, the sunflower-seed and safflower oil market reached its maximum level at $X in 2012; however, from 2013 to 2018, consumption failed to regain its momentum.

Production of Sunflower-Seed And Safflower Oil in Namibia

In value terms, sunflower-seed and safflower oil production amounted to $X in 2018 estimated in export prices. Overall, sunflower-seed and safflower oil production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when production volume increased by X% against the previous year. Over the period under review, sunflower-seed and safflower oil production attained its peak figure level at $X in 2012; however, from 2013 to 2018, production remained at a lower figure.

Exports of Sunflower-Seed And Safflower Oil

Exports from Namibia

Sunflower-seed and safflower oil exports from Namibia totaled X tons in 2018, waning by -X% against the previous year. Over the period under review, sunflower-seed and safflower oil exports continue to indicate a drastic shrinkage. The growth pace was the most rapid in 2011 when exports increased by X% year-to-year. Namibia exports peaked at X tons in 2016; however, from 2017 to 2018, exports stood at a somewhat lower figure.

In value terms, sunflower-seed and safflower oil exports totaled $X in 2018. Overall, sunflower-seed and safflower oil exports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2011 when exports increased by X% against the previous year. Over the period under review, sunflower-seed and safflower oil exports attained their peak figure at $X in 2014; however, from 2015 to 2018, exports remained at a lower figure.

Exports by Country

Ukraine was the major exporting country with an export of around X tons, which finished at X% of total exports. Russia (X tons) occupied the second position in the ranking, distantly followed by Argentina (X tons), the Netherlands (X tons) and Hungary (X tons). All these countries together took approx. X% share of total exports. France (X tons), Turkey (X tons), Bulgaria (X tons), Spain (X tons) and Romania (X tons) followed a long way behind the leaders.

From 2007 to 2018, average annual rates of growth with regard to sunflower-seed and safflower oil exports from Ukraine stood at +X%. At the same time, Turkey (+X%), Bulgaria (+X%), Spain (+X%), Romania (+X%), Hungary (+X%), Russia (+X%), France (+X%) and the Netherlands (+X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Argentina experienced a relatively flat trend pattern. While the share of Ukraine (+X p.p.), Russia (+X p.p.), Turkey (+X p.p.), Hungary (+X p.p.), Bulgaria (+X p.p.), Spain (+X p.p.) and the Netherlands (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ukraine ($X) remains the largest sunflower-seed and safflower oil supplier from Namibia, comprising X% of global exports. The second position in the ranking was occupied by Russia ($X), with a X% share of global exports. It was followed by Argentina, with a X% share.

In Ukraine, sunflower-seed and safflower oil exports expanded at an average annual rate of +X% over the period from 2007-2018. The remaining exporting countries recorded the following average annual rates of exports growth: Russia (+X% per year) and Argentina (+X% per year).

Export Prices by Country

In 2018, the sunflower-seed and safflower oil export price in Namibia amounted to $X per ton, surging by X% against the previous year. In general, the sunflower-seed and safflower oil export price, however, continues to indicate a slight downturn. The pace of growth appeared the most rapid in 2017 an increase of X% y-o-y. Namibia export price peaked at $X per ton in 2009; however, from 2010 to 2018, export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2018, major exporting countries recorded the following prices: in Turkey ($X per ton) and Spain ($X per ton), while Ukraine ($X per ton) and Argentina ($X per ton) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Russia, while the other leaders experienced mixed trends in the export price figures.

Imports of Sunflower-Seed And Safflower Oil

Imports into Namibia

In 2018, approx. X tons of sunflower-seed and safflower oil were imported into Namibia; surging by X% against the previous year. In general, the total imports indicated tangible growth from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, sunflower-seed and safflower oil imports increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2011 when imports increased by X% year-to-year. Namibia imports peaked at X tons in 2012; however, from 2013 to 2018, imports remained at a lower figure.

In value terms, sunflower-seed and safflower oil imports totaled $X in 2018. The total import value increased at an average annual rate of +X% over the period from 2007 to 2018; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2009 with an increase of X% y-o-y. Over the period under review, sunflower-seed and safflower oil imports reached their peak figure in 2018 and are likely to see steady growth in the immediate term.

Imports by Country

India represented the major importer of sunflower-seed and safflower oil in the world, with the volume of imports accounting for X tons, which was near X% of total imports in 2018. Italy (X tons) held the second position in the ranking, followed by Turkey (X tons), Spain (X tons) and the Netherlands (X tons). All these countries together held approx. X% share of total imports. Iraq (X tons), Iran (X tons), Belgium (X tons), Germany (X tons), the UK (X tons), Egypt (X tons) and France (X tons) took a minor share of total imports.

India was also the fastest-growing in terms of the sunflower-seed and safflower oil imports, with a CAGR of +X% from 2007 to 2018. At the same time, Turkey (+X%), Italy (+X%), Iraq (+X%), Iran (+X%), Egypt (+X%), Spain (+X%), the Netherlands (+X%), Belgium (+X%), Germany (+X%) and the UK (+X%) displayed positive paces of growth. France experienced a relatively flat trend pattern. While the share of India (+X p.p.), Turkey (+X p.p.), Italy (+X p.p.), Iraq (+X p.p.), Iran (+X p.p.), Spain (+X p.p.), the Netherlands (+X p.p.) and Egypt (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported sunflower-seed and safflower oil into Namibia, comprising X% of global imports. The second position in the ranking was occupied by Italy ($X), with a X% share of global imports. It was followed by the Netherlands, with a X% share.

In India, sunflower-seed and safflower oil imports increased at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Italy (+X% per year) and the Netherlands (+X% per year).

Import Prices by Country

The sunflower-seed and safflower oil import price in Namibia stood at $X per ton in 2018, going down by -X% against the previous year. In general, the sunflower-seed and safflower oil import price continues to indicate a mild slump. The most prominent rate of growth was recorded in 2013 an increase of X% y-o-y. Namibia import price peaked at $X per ton in 2010; however, from 2011 to 2018, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2018, major importing countries recorded the following prices: in Germany ($X per ton) and Belgium ($X per ton), while Iran ($X per ton) and Turkey ($X per ton) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by India, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform