Latest Report Update: Apr 21, 2021

Singapore - Refined Sunflower-Seed And Safflower Oil - Market Analysis, Forecast, Size, Trends And Insights
Update: COVID-19 Impact

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Singapore: 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 Singapore

In 2019, the Singaporean market for sunflower-seed or safflower oil, refined, but not chemically modified increased by X% to $X, rising for the second consecutive year after five years of decline. Overall, consumption, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 with an increase of X% year-to-year. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2019, consumption failed to regain the momentum.

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

In value terms, production of sunflower-seed or safflower oil, refined, but not chemically modified stood at $X in 2019 estimated in export prices. Overall, production, however, recorded a perceptible decline. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. As a result, production reached the peak level of $X. From 2009 to 2019, production growth remained at a somewhat lower figure.

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

Exports from Singapore

In 2019, shipments abroad of sunflower-seed or safflower oil, refined, but not chemically modified was finally on the rise to reach X tonnes for the first time since 2014, thus ending a four-year declining trend. Over the period under review, exports, however, recorded a abrupt decrease. The pace of growth appeared the most rapid in 2009 with an increase of X% y-o-y. Over the period under review, exports attained the peak figure at X tonnes in 2011; however, from 2012 to 2019, exports remained at a lower figure.

In value terms, exports of sunflower-seed or safflower oil, refined, but not chemically modified soared to $X in 2019. In general, exports, however, recorded a deep setback. The growth pace was the most rapid in 2009 when exports increased by X% against the previous year. Over the period under review, exports attained the peak figure at $X in 2011; however, from 2012 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Myanmar (X tonnes), Ethiopia (X tonnes) and Sri Lanka (X tonnes) were the main destinations of exports of sunflower-seed or safflower oil, refined, but not chemically modified from Singapore, together comprising X% of total exports.

From 2007 to 2019, the biggest increases were in Myanmar (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Ethiopia ($X), Myanmar ($X) and Sri Lanka ($X) appeared to be the largest markets for sunflower-seed or safflower oil, refined, but not chemically modified exported from Singapore worldwide, together comprising X% of total exports.

Myanmar (+X% per year) saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for sunflower-seed or safflower oil, refined, but not chemically modified stood at $X per tonne in 2019, dropping by -X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 when the average export price increased by X% year-to-year. Over the period under review, average export prices reached the maximum at $X per tonne in 2011; however, from 2012 to 2019, export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2019, the country with the highest price was Indonesia ($X per tonne), while the average price for exports to Myanmar ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia, while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Singapore

In 2019, the amount of sunflower-seed or safflower oil, refined, but not chemically modified imported into Singapore was estimated at X tonnes, flattening at the year before. Overall, imports continue to indicate a measured increase. The pace of growth was the most pronounced in 2009 when imports increased by X% y-o-y. Over the period under review, imports hit record highs in 2019 and are expected to retain growth in the immediate term.

In value terms, imports of sunflower-seed or safflower oil, refined, but not chemically modified skyrocketed to $X in 2019. Over the period under review, imports showed moderate growth. The pace of growth appeared the most rapid in 2009 when imports increased by X% year-to-year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2019, imports failed to regain the momentum.

Imports by Country

Malaysia (X tonnes), Ukraine (X tonnes) and France (X tonnes) were the main suppliers of imports of sunflower-seed or safflower oil, refined, but not chemically modified to Singapore, together comprising X% of total imports. These countries were followed by China, India, Turkey and Russia, which together accounted for a further X 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Ukraine ($X) and France ($X) constituted the largest sunflower-seed or safflower oil, refined, but not chemically modified suppliers to Singapore, together comprising X% of total imports.

Among the main suppliers, Ukraine (+X% per year) recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for sunflower-seed or safflower oil, refined, but not chemically modified stood at $X per tonne in 2019, growing by X% against the previous year. In general, the import price, however, continues to indicate a slight decline. The pace of growth was the most pronounced in 2011 when the average import price increased by X% y-o-y. Over the period under review, average import prices reached the maximum at $X per tonne in 2012; however, from 2013 to 2019, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2019, the highest prices were recorded for prices from India ($X per tonne) and France ($X per tonne), while the price for Russia ($X per tonne) and Turkey ($X per tonne) were amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Turkey, while the prices for the other major suppliers 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 the world?
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China (7.3M tonnes) remains the largest sunflower-seed or safflower oil, refined, but not chemically modified consuming country worldwide, comprising approx. 17% of total volume. Moreover, consumption of sunflower-seed or safflower oil, refined, but not chemically modified in China exceeded the figures recorded by the second-largest consumer, India (2.7M tonnes), threefold. The U.S. (2.4M tonnes) ranked third in terms of total consumption with a 5.7% share.
What are the largest producers of sunflower-seed or safflower oil, refined, but not chemically modified in the world?
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The country with the largest volume of production of sunflower-seed or safflower oil, refined, but not chemically modified was China (7.3M tonnes), comprising approx. 17% of total volume. Moreover, production of sunflower-seed or safflower oil, refined, but not chemically modified in China exceeded the figures recorded by the second-largest producer, India (2.7M tonnes), threefold. The third position in this ranking was occupied by the U.S. (2.4M tonnes), with a 5.6% share.
What are the leading suppliers of sunflower-seed or safflower oil, refined, but not chemically modified to Singapore?
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In value terms, Malaysia ($8.4M), Ukraine ($6.9M) and France ($5.9M) constituted the largest sunflower-seed or safflower oil, refined, but not chemically modified suppliers to Singapore, together accounting for 76% of total imports.
What are the leading importers of sunflower-seed or safflower oil, refined, but not chemically modified from Singapore?
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In value terms, Ethiopia ($612K), Myanmar ($586K) and Sri Lanka ($358K) were the largest markets for sunflower-seed or safflower oil, refined, but not chemically modified exported from Singapore worldwide, together comprising 45% of total exports.
What is the average export price for sunflower-seed or safflower oil, refined, but not chemically modified in Singapore?
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In 2019, the average export price for sunflower-seed or safflower oil, refined, but not chemically modified amounted to $1,214 per tonne, dropping by -7.7% against the previous year.
What is the average import price for sunflower-seed or safflower oil, refined, but not chemically modified in Singapore?
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In 2019, the average import price for sunflower-seed or safflower oil, refined, but not chemically modified amounted to $1,192 per tonne, with an increase of 16% 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 Singapore. 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:
• Singapore

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Singapore
• 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
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
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
8. IMPORTS

The Largest Import Supplying Countries

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

The Largest Destinations for Exports

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

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 In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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