ASEAN: Market for Crude Sunflower-Seed And Safflower Oil 2025

Market Size for Crude Sunflower-Seed And Safflower Oil in ASEAN

In 2022, the ASEAN market for crude sunflower-seed and safflower oil decreased by -7% to $X for the first time since 2018, thus ending a three-year rising trend. Overall, consumption, however, recorded a moderate expansion. Over the period under review, the market attained the maximum level at $X in 2021, and then fell in the following year.

Production of Crude Sunflower-Seed And Safflower Oil in ASEAN

In value terms, crude sunflower-seed and safflower oil production rose significantly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a abrupt slump. The pace of growth appeared the most rapid in 2015 with an increase of 66% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Exports of Crude Sunflower-Seed And Safflower Oil

Exports in ASEAN

In 2022, after two years of growth, there was significant decline in shipments abroad of crude sunflower-seed and safflower oil, when their volume decreased by -31.3% to X tons. Overall, exports recorded a abrupt setback. The most prominent rate of growth was recorded in 2014 with an increase of 424% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, crude sunflower-seed and safflower oil exports plummeted to $X in 2022. Over the period under review, exports faced a deep reduction. The pace of growth appeared the most rapid in 2014 with an increase of 369% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

In 2022, Malaysia (X tons) was the key exporter of crude sunflower-seed and safflower oil, achieving 68% of total exports. It was distantly followed by Indonesia (X tons), generating a 32% share of total exports.

Malaysia experienced a relatively flat trend pattern with regard to volume of exports of crude sunflower-seed and safflower oil. Indonesia (-12.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Malaysia increased by +32 percentage points.

In value terms, Malaysia ($X) remains the largest crude sunflower-seed and safflower oil supplier in ASEAN, comprising 70% of total exports. The second position in the ranking was held by Indonesia ($X), with a 29% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Malaysia stood at -4.2%.

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2022, standing approx. at the previous year. Over the period under review, the export price continues to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2018 an increase of 14%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while Indonesia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (-3.7%).

Imports of Crude Sunflower-Seed And Safflower Oil

Imports in ASEAN

In 2022, purchases abroad of crude sunflower-seed and safflower oil decreased by -3.8% to X tons, falling for the second consecutive year after two years of growth. Overall, imports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2019 when imports increased by 78% against the previous year. Over the period under review, imports attained the maximum at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, crude sunflower-seed and safflower oil imports dropped rapidly to $X in 2022. In general, imports, however, posted a resilient expansion. The growth pace was the most rapid in 2019 with an increase of 82%. Over the period under review, imports reached the peak figure at $X in 2021, and then declined notably in the following year.

Imports by Country

Malaysia dominates imports structure, accounting for X tons, which was near 89% of total imports in 2022. It was distantly followed by Singapore (X tons), committing a 6.4% share of total imports. Thailand (X tons) held a relatively small share of total imports.

Imports into Malaysia increased at an average annual rate of +8.7% from 2012 to 2022. At the same time, Thailand (+73.3%) and Singapore (+4.8%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing importer imported in ASEAN, with a CAGR of +73.3% from 2012-2022. Thailand (+4.4 p.p.) significantly strengthened its position in terms of the total imports, while Singapore saw its share reduced by -2.9% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X) constitutes the largest market for imported crude sunflower-seed and safflower oil in ASEAN, comprising 86% of total imports. The second position in the ranking was taken by Singapore ($X), with an 8.7% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Malaysia stood at +7.5%. The remaining importing countries recorded the following average annual rates of imports growth: Singapore (+3.0% per year) and Thailand (+65.9% per year).

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per ton, which is down by -12.1% against the previous year. Overall, the import price showed a slight curtailment. The growth pace was the most rapid in 2021 when the import price increased by 45% against the previous year. As a result, import price reached the peak level of $X per ton, and then shrank in the following year.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (-1.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform