U.S.: Market for Sunflower-Seed And Safflower Oil 2024

Market Size for Sunflower-Seed And Safflower Oil in the U.S.

The U.S. sunflower-seed and safflower oil market soared to $X in 2022, with an increase of X% against the previous year. Overall, consumption recorded notable growth. Sunflower-seed and safflower oil consumption peaked in 2022 and is likely to continue growth in the near future.

Production of Sunflower-Seed And Safflower Oil in the U.S.

In value terms, sunflower-seed and safflower oil production totaled $X in 2022. Over the period under review, production, however, saw a slight slump. The growth pace was the most rapid in 2015 when the production volume increased by X%. Over the period under review, production attained the peak 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 the U.S.

In 2022, overseas shipments of sunflower-seed and safflower oil were finally on the rise to reach X tons after two years of decline. Overall, total exports indicated a resilient 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. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, sunflower-seed and safflower oil exports skyrocketed to $X in 2022. In general, exports enjoyed a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Canada (X tons) was the main destination for sunflower-seed and safflower oil exports from the United States, with a X% share of total exports. Moreover, sunflower-seed and safflower oil exports to Canada exceeded the volume sent to the second major destination, Mexico (X tons), ninefold. The third position in this ranking was taken by South Korea (X tons), with a X% share.

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

In value terms, Canada ($X) remains the key foreign market for sunflower-seed and safflower oil exports from the United States, comprising X% of total exports. The second position in the ranking was held by Mexico ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Canada amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and South Korea (X% per year).

Export Prices by Country

In 2022, the average sunflower-seed and safflower oil export price amounted to $X per ton, increasing 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 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; afterwards, it flattened through to 2022.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sunflower-Seed And Safflower Oil

Imports into the U.S.

In 2022, approx. X tons of sunflower-seed and safflower oil were imported into the United States; with an increase of X% against 2021. Over the period under review, imports showed a remarkable increase. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, sunflower-seed and safflower oil imports soared to $X in 2022. Overall, imports recorded resilient growth. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

France (X tons), Ukraine (X tons) and Mexico (X tons) were the main suppliers of sunflower-seed and safflower oil imports to the United States, together comprising X% of total imports. Argentina, Spain, Turkey, Romania and the Netherlands lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest sunflower-seed and safflower oil suppliers to the United States were France ($X), Ukraine ($X) and Argentina ($X), together accounting for X% of total imports. Spain, Mexico, Turkey, the Netherlands and Romania lagged somewhat behind, together accounting for a further X%.

Turkey, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average sunflower-seed and safflower oil import price stood at $X per ton in 2022, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue 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 Spain ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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