Slovakia: 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 Slovakia

The Slovak market for sunflower-seed or safflower oil, refined, but not chemically modified soared to $X in 2022, increasing by X% against the previous year. In general, the total consumption indicated perceptible growth from 2012 to 2022: its value 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, consumption decreased by X% against 2020 indices. Consumption of peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

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

In value terms, production of sunflower-seed or safflower oil, refined, but not chemically modified expanded rapidly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a noticeable expansion from 2012 to 2022: its value 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Production of peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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

Exports from Slovakia

In 2022, exports of sunflower-seed or safflower oil, refined, but not chemically modified from Slovakia declined rapidly to X tons, dropping by X% on the previous year's figure. Overall, exports showed a perceptible descent. The pace of growth was the most pronounced in 2021 when exports increased by X%. As a result, the exports attained the peak of X tons, and then shrank markedly in the following year.

In value terms, exports of sunflower-seed or safflower oil, refined, but not chemically modified reduced dramatically to $X in 2022. In general, exports saw a perceptible downturn. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, and then reduced sharply in the following year.

Exports by Country

The Czech Republic (X tons) was the main destination for exports of sunflower-seed or safflower oil, refined, but not chemically modified from Slovakia, accounting for a X% share of total exports. Moreover, exports of sunflower-seed or safflower oil, refined, but not chemically modified to the Czech Republic exceeded the volume sent to the second major destination, Lithuania (X tons), ninefold. The third position in this ranking was taken by Greece (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Czech Republic amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (X% per year) and Greece (X% per year).

In value terms, the Czech Republic ($X) emerged as the key foreign market for sunflower-seed or safflower oil, refined, but not chemically modified exports from Slovakia, comprising X% of total exports. The second position in the ranking was taken by Greece ($X), with an X% share of total exports. It was followed by Lithuania, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the Czech Republic stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (X% per year) and Lithuania (X% per year).

Export Prices by Country

In 2022, the average export price for sunflower-seed or safflower oil, refined, but not chemically modified amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Austria ($X per ton) and Greece ($X per ton), while the average price for exports to the Czech Republic ($X per ton) and Lithuania ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (X%), 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 Slovakia

In 2022, the amount of sunflower-seed or safflower oil, refined, but not chemically modified imported into Slovakia reached X tons, remaining stable against 2021. In general, total imports indicated a perceptible expansion from 2012 to 2022: its volume 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, imports increased by X% against 2015 indices. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Over the period under review, imports of attained the peak figure in 2022 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 2022. Over the period under review, imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

Hungary (X tons), Ukraine (X tons) and the Czech Republic (X tons) were the main suppliers of imports of sunflower-seed or safflower oil, refined, but not chemically modified to Slovakia, with a combined X% share of total imports. Poland, Serbia, Greece and Romania lagged somewhat behind, together comprising a further X%.

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

In value terms, Hungary ($X), Ukraine ($X) and the Czech Republic ($X) were the largest sunflower-seed or safflower oil, refined, but not chemically modified suppliers to Slovakia, with a combined X% share of total imports. Poland, Serbia, Greece and Romania lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Greece, with a CAGR of X%, saw the highest growth rate of 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 ton in 2022, with an increase of X% against the previous year. Over the period under review, import price indicated a modest 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, 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%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Romania ($X per ton) and the Czech Republic ($X per ton), while the price for Serbia ($X per ton) and Poland ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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