Scandinavia: Market for Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified 2024

Market Size for Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified in Scandinavia

In 2022, the Scandinavia market for sunflower-seed or safflower oil, refined, but not chemically modified was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption enjoyed slight growth. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified in Scandinavia

In value terms, production of sunflower-seed or safflower oil, refined, but not chemically modified skyrocketed to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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

Exports in Scandinavia

Exports of sunflower-seed or safflower oil, refined, but not chemically modified skyrocketed to X tons in 2022, increasing by X% compared with the year before. In general, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. The volume of export peaked in 2022 and is likely to continue growth in years to come.

In value terms, exports of sunflower-seed or safflower oil, refined, but not chemically modified surged to $X in 2022. Over the period under review, exports posted a pronounced expansion. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Sweden prevails in modified structure, reaching X tons, which was approx. X% of total exports in 2022. Finland (X tons) held a little share of total exports.

Sweden experienced a relatively flat trend pattern with regard to volume of exports of sunflower-seed or safflower oil, refined, but not chemically modified. At the same time, Finland (X%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of X% from 2012-2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) remains the largest sunflower-seed or safflower oil, refined, but not chemically modified supplier in Scandinavia, comprising X% of total exports. The second position in the ranking was held by Finland ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Sweden stood at X%.

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per ton, picking up by X% against the previous year. Export price indicated temperate growth 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, export price for sunflower-seed or safflower oil, refined, but not chemically modified increased by X% against 2016 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while Finland amounted to $X per ton.

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

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

Imports in Scandinavia

In 2022, the amount of sunflower-seed or safflower oil, refined, but not chemically modified imported in Scandinavia skyrocketed to X tons, growing by X% compared with the previous year. Overall, imports posted a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of sunflower-seed or safflower oil, refined, but not chemically modified skyrocketed to $X in 2022. In general, imports saw prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Sweden (X tons) and Norway (X tons) dominates modified structure, together constituting X% of total imports. It was distantly followed by Finland (X tons), comprising an X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest sunflower-seed or safflower oil, refined, but not chemically modified importing markets in Scandinavia were Sweden ($X), Norway ($X) and Finland ($X).

Sweden, 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 more modest paces of growth.

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2022, with an increase of X% against the previous year. Import price indicated a mild 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, import price for sunflower-seed or safflower oil, refined, but not chemically modified increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, import prices reached the maximum in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Norway ($X per ton), while Finland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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