SADC: Market for Sunflower-Seed And Safflower Oil 2024

Market Size for Sunflower-Seed And Safflower Oil in SADC

The SADC sunflower-seed and safflower oil market rose sharply to $X in 2022, picking up by X% against the previous year. In general, consumption recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Sunflower-Seed And Safflower Oil in SADC

In value terms, sunflower-seed and safflower oil production reached $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Sunflower-Seed And Safflower Oil

Exports in SADC

After two years of decline, shipments abroad of sunflower-seed and safflower oil increased by X% to X tons in 2022. Over the period under review, exports, however, continue to indicate a noticeable contraction. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, sunflower-seed and safflower oil exports soared to $X in 2022. Overall, exports continue to indicate mild growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

South Africa was the largest exporter of sunflower-seed and safflower oil in SADC, with the volume of exports accounting for X tons, which was near X% of total exports in 2022. Mozambique (X tons) took the second position in the ranking, distantly followed by Zambia (X tons). All these countries together held approx. X% share of total exports. Tanzania (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to sunflower-seed and safflower oil exports from South Africa stood at X%. At the same time, Zambia (X%) and Mozambique (X%) displayed positive paces of growth. Moreover, Zambia emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2022. By contrast, Tanzania (X%) illustrated a downward trend over the same period. Mozambique (X p.p.) and Zambia (X p.p.) significantly strengthened its position in terms of the total exports, while Tanzania and South Africa saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, South Africa ($X) remains the largest sunflower-seed and safflower oil supplier in SADC, comprising X% of total exports. The second position in the ranking was taken by Mozambique ($X), with a X% share of total exports. It was followed by Zambia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Mozambique (X% per year) and Zambia (X% per year).

Export Prices by Country

In 2022, the export price in SADC amounted to $X per ton, increasing by X% against the previous year. Export price indicated a strong 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-seed and safflower oil export price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Mozambique ($X per ton) was amongst the lowest.

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

Imports of Sunflower-Seed And Safflower Oil

Imports in SADC

In 2022, after two years of decline, there was significant growth in supplies from abroad of sunflower-seed and safflower oil, when their volume increased by X% to X tons. Over the period under review, imports, however, saw a mild reduction. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, sunflower-seed and safflower oil imports surged to $X in 2022. In general, imports recorded a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

South Africa prevails in imports structure, amounting to X tons, which was near X% of total imports in 2022. It was distantly followed by Namibia (X tons), Botswana (X tons) and Mozambique (X tons), together committing a X% share of total imports. Mauritius (X tons), Tanzania (X tons) and Madagascar (X tons) took a minor share of total imports.

Imports into South Africa decreased at an average annual rate of X% from 2012 to 2022. At the same time, Mozambique (X%), Madagascar (X%), Namibia (X%), Mauritius (X%) and Botswana (X%) displayed positive paces of growth. Moreover, Mozambique emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2022. Tanzania experienced a relatively flat trend pattern. While the share of Mozambique (X p.p.), South Africa (X p.p.), Namibia (X p.p.), Botswana (X p.p.), Madagascar (X p.p.) and Mauritius (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported sunflower-seed and safflower oil in SADC, comprising X% of total imports. The second position in the ranking was held by Botswana ($X), with a X% share of total imports. It was followed by Namibia, with a X% share.

In South Africa, sunflower-seed and safflower oil imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Botswana (X% per year) and Namibia (X% per year).

Import Prices by Country

In 2022, the import price in SADC amounted to $X per ton, with an increase of X% against the previous year. Import price indicated a pronounced 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-seed and safflower oil import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

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

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

Source: IndexBox Platform

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