Ukraine: Market for Sunflower-Seed And Safflower Oil 2024

Market Size for Sunflower-Seed And Safflower Oil in Ukraine

The Ukrainian sunflower-seed and safflower oil market soared to $X in 2022, rising by X% against the previous year. Over the period under review, consumption recorded a notable expansion. Sunflower-seed and safflower oil consumption peaked in 2022 and is likely to continue growth in the immediate term.

Production of Sunflower-Seed And Safflower Oil in Ukraine

In value terms, sunflower-seed and safflower oil production reduced modestly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a pronounced slump. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Sunflower-Seed And Safflower Oil

Exports from Ukraine

In 2022, shipments abroad of sunflower-seed and safflower oil decreased by X% to X tons, falling for the second year in a row after two years of growth. Overall, total exports indicated a modest 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, exports decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, sunflower-seed and safflower oil exports fell to $X in 2022. Over the period under review, total exports indicated a perceptible 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, exports increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2020 with an increase of X%. The exports peaked at $X in 2021, and then declined in the following year.

Exports by Country

India (X tons), Turkey (X tons) and Poland (X tons) were the main destinations of sunflower-seed and safflower oil exports from Ukraine, together comprising X% of total exports. Romania, China, the Netherlands, Italy, Bulgaria, Spain, Iraq, France, Malaysia and Hungary lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Iraq (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sunflower-seed and safflower oil exported from Ukraine were India ($X), Turkey ($X) and Poland ($X), with a combined X% share of total exports. Romania, the Netherlands, China, Italy, Bulgaria, Spain, Iraq, France, Hungary and Malaysia lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Iraq, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average sunflower-seed and safflower oil export price stood at $X per ton in 2022, rising by X% against the previous year. In general, export price indicated mild 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, sunflower-seed and safflower oil export 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. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in the near future.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Hungary ($X per ton) and France ($X per ton), while the average price for exports to Turkey ($X per ton) and Bulgaria ($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 France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sunflower-Seed And Safflower Oil

Imports into Ukraine

Sunflower-seed and safflower oil imports into Ukraine surged to X tons in 2022, increasing by X% against the year before. Overall, imports, however, saw a perceptible decline. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, sunflower-seed and safflower oil imports skyrocketed to $X in 2022. Over the period under review, imports, however, continue to indicate a pronounced downturn. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Moldova (X tons) constituted the largest sunflower-seed and safflower oil supplier to Ukraine, with a X% share of total imports. Moreover, sunflower-seed and safflower oil imports from Moldova exceeded the figures recorded by the second-largest supplier, Lithuania (X tons), tenfold. The third position in this ranking was taken by Switzerland (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Moldova was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (X% per year) and Switzerland (X% per year).

In value terms, Moldova ($X) constituted the largest supplier of sunflower-seed and safflower oil to Ukraine, comprising X% of total imports. The second position in the ranking was held by Lithuania ($X), with a X% share of total imports. It was followed by Switzerland, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Moldova was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (X% per year) and Switzerland (X% per year).

Import Prices by Country

The average sunflower-seed and safflower oil import price stood at $X per ton in 2022, rising by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see gradual growth in the immediate term.

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

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

Source: IndexBox Platform

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