Overview of the Global Market for Sunflower-Seed And Safflower Oil

Market Size for Sunflower-Seed And Safflower Oil

The global sunflower-seed and safflower oil market rose modestly to $X in 2022, picking up by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the global market failed to regain momentum.

Production of Sunflower-Seed And Safflower Oil

In value terms, sunflower-seed and safflower oil production contracted to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a tangible expansion. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. Over the period under review, global production reached the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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Exports of Sunflower-Seed And Safflower Oil

Exports

In 2022, global exports of sunflower-seed and safflower oil expanded sharply to X tons, growing by X% compared with 2021 figures. 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 pace of growth appeared the most rapid in 2014 with an increase of 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, sunflower-seed and safflower oil exports surged to $X in 2022. Over the period under review, exports showed resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Ukraine (X tons) was the key exporter of sunflower-seed and safflower oil, achieving X% of total exports. Russia (X tons) ranks second in terms of the total exports with a X% share, followed by Turkey (X%), Bulgaria (X%), Argentina (X%) and the Netherlands (X%). Hungary (X tons), France (X tons), Spain (X tons), Romania (X tons), Kazakhstan (X tons), Moldova (X tons) and Poland (X tons) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to sunflower-seed and safflower oil exports from Ukraine stood at X%. At the same time, Kazakhstan (X%), Poland (X%), Bulgaria (X%), Turkey (X%), Moldova (X%), Spain (X%), Romania (X%), Russia (X%), the Netherlands (X%) and Hungary (X%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. Argentina and France experienced a relatively flat trend pattern. Bulgaria (X p.p.), Turkey (X p.p.) and Kazakhstan (X p.p.) significantly strengthened its position in terms of the global exports, while France, Argentina and Ukraine saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest sunflower-seed and safflower oil supplying countries worldwide were Ukraine ($X), Russia ($X) and Turkey ($X), together comprising X% of global exports. Bulgaria, Argentina, the Netherlands, Hungary, France, Spain, Romania, Moldova, Poland and Kazakhstan lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Kazakhstan, with a CAGR of X%, saw the highest growth rate of the value of exports, 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 sunflower-seed and safflower oil export price amounted to $X per ton, with an increase of X% against the previous year. In general, export price indicated a notable 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, 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%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per ton), while Ukraine ($X per ton) was amongst the lowest.

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

Imports of Sunflower-Seed And Safflower Oil

Imports

In 2022, approx. X tons of sunflower-seed and safflower oil were imported worldwide; increasing by X% compared with 2021 figures. Over the period under review, total imports indicated resilient 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 pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Global imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, sunflower-seed and safflower oil imports surged to $X in 2022. Overall, imports posted a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, India (X tons) and Turkey (X tons) represented the main importers of sunflower-seed and safflower oilaround the world, together finishing at near X% of total imports. It was distantly followed by Spain (X tons), the Netherlands (X tons) and Italy (X tons), together achieving a X% share of total imports. China (X tons), Poland (X tons), Germany (X tons), Iraq (X tons), Belgium (X tons), France (X tons), Iran (X tons) and Bulgaria (X tons) held a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Bulgaria (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 and safflower oil importing markets worldwide were India ($X), Turkey ($X) and Spain ($X), with a combined X% share of global imports. Italy, the Netherlands, China, Germany, Poland, France, Belgium, Bulgaria, Iraq and Iran lagged somewhat behind, together comprising a further X%.

Bulgaria, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries 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 sunflower-seed and safflower oil import price amounted to $X per ton, jumping by 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, sunflower-seed and safflower oil import price increased by X% against 2019 indices. The growth pace was 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 see steady growth in the near future.

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

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

Source: IndexBox Platform

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