Overview of the Global Market for Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified

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

The global market for sunflower-seed or safflower oil, refined, but not chemically modified reduced modestly to $X in 2022, which is down by X% against the previous year. Overall, the total consumption indicated a pronounced 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, consumption decreased by X% against 2019 indices. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the global market remained at a somewhat lower figure.

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

In value terms, production of sunflower-seed or safflower oil, refined, but not chemically modified shrank slightly to $X in 2022 estimated in export price. In general, the total production indicated tangible 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, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, global production of growth remained at a lower figure.

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

Exports

In 2022, global exports of sunflower-seed or safflower oil, refined, but not chemically modified amounted to X tons, rising by X% against the previous year's figure. In general, total exports indicated tangible growth 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%. The global exports peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of sunflower-seed or safflower oil, refined, but not chemically modified soared to $X in 2022. Overall, exports recorded a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey (X tons) and Ukraine (X tons) represented the largest exporters of sunflower-seed or safflower oil, refined, but not chemically modified in 2022, reaching approx. X% and X% of total exports, respectively. Spain (X tons) held the next position in the ranking, followed by Russia (X tons), Hungary (X tons), France (X tons) and the Netherlands (X tons). All these countries together held approx. X% share of total exports. Bulgaria (X tons), Belgium (X tons), Germany (X tons), Argentina (X tons), the United States (X tons) and Romania (X tons) followed a long way behind the leaders.

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

In value terms, the largest sunflower-seed or safflower oil, refined, but not chemically modified supplying countries worldwide were Turkey ($X), Ukraine ($X) and Spain ($X), together comprising X% of global exports. France, Hungary, Russia, the Netherlands, Bulgaria, Belgium, Germany, Argentina, Romania and the United States lagged somewhat behind, together accounting for a further X%.

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

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, with an increase of X% against the previous year. Overall, export price indicated a perceptible 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, export 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 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in the near future.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Spain ($X per ton) and Argentina ($X per ton), while Russia ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

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

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

Imports

In 2022, approx. X tons of sunflower-seed or safflower oil, refined, but not chemically modified were imported worldwide; with an increase of X% on 2021 figures. Over the period under review, total imports indicated prominent growth 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 decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of global imports of remained at a lower figure.

In value terms, imports of sunflower-seed or safflower oil, refined, but not chemically modified surged to $X in 2022. In general, imports posted a resilient increase. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Global imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

The purchases of the twelve major importers of sunflower-seed or safflower oil, refined, but not chemically modified, namely Ethiopia, Belgium, the Netherlands, France, Germany, Djibouti, Poland, the United States, the UK, Belarus, Uzbekistan and Syrian Arab Republic, represented more than half of total import. Spain (X tons) followed a long way behind the leaders.

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

In value terms, the largest sunflower-seed or safflower oil, refined, but not chemically modified importing markets worldwide were Belgium ($X), Ethiopia ($X) and France ($X), together accounting for X% of global imports. The Netherlands, Germany, the United States, Poland, the UK, Djibouti, Uzbekistan, Spain, Belarus and Syrian Arab Republic lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Djibouti, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for sunflower-seed or safflower oil, refined, but not chemically modified amounted to $X per ton, rising by X% against the previous year. In general, import price indicated slight 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, import price for sunflower-seed or safflower oil, refined, but not chemically modified increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Global import price peaked in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($X per ton), while Djibouti ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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