Asia-Pacific: Market for Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified 2025

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

After three years of growth, the Asia-Pacific market for sunflower-seed or safflower oil, refined, but not chemically modified decreased by -3.1% to $X in 2021. The total consumption indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +52.9% against 2015 indices. Over the period under review, the market reached the peak level at $X in 2020, and then fell in the following year.

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

In value terms, production of sunflower-seed or safflower oil, refined, but not chemically modified contracted modestly to $X in 2021 estimated in export price. The total production indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +52.1% against 2015 indices. The pace of growth was the most pronounced in 2013 with an increase of 24% against the previous year. Over the period under review, production of attained the maximum level at $X in 2020, and then dropped modestly in the following year.

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

Exports in Asia-Pacific

In 2021, approx. X tons of sunflower-seed or safflower oil, refined, but not chemically modified were exported in Asia-Pacific; growing by 2.8% on 2020 figures. Total exports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +8.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +99.4% against 2012 indices. The most prominent rate of growth was recorded in 2014 with an increase of 20% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, exports of sunflower-seed or safflower oil, refined, but not chemically modified rose remarkably to $X in 2021. Total exports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +94.8% against 2015 indices. The pace of growth appeared the most rapid in 2020 with an increase of 20% against the previous year. The level of export peaked in 2021 and is likely to see steady growth in the near future.

Exports by Country

Malaysia prevails in modified structure, resulting at X tons, which was approx. 86% of total exports in 2021. Thailand (X tons), India (X tons), Singapore (X tons) and China (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to sunflower-seed or safflower oil, refined, but not chemically modified exports from Malaysia stood at +9.1%. At the same time, Thailand (+33.7%), China (+28.1%) and India (+11.5%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +33.7% from 2012-2021. By contrast, Singapore (-10.4%) illustrated a downward trend over the same period. Malaysia (+7.5 p.p.) and Thailand (+3.6 p.p.) significantly strengthened its position in terms of the total exports, while Singapore saw its share reduced by -10.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X) remains the largest sunflower-seed or safflower oil, refined, but not chemically modified supplier in Asia-Pacific, comprising 82% of total exports. The second position in the ranking was taken by Thailand ($X), with a 5.4% share of total exports. It was followed by India, with a 4.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Malaysia amounted to +8.0%. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (+23.4% per year) and India (+10.6% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, surging by 8.9% against the previous year. Over the period under review, the export price, however, saw a mild descent. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was China ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (-0.8%), while the other leaders experienced a decline in the export price figures.

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

Imports in Asia-Pacific

In 2021, after nine years of growth, there was significant decline in purchases abroad of sunflower-seed or safflower oil, refined, but not chemically modified, when their volume decreased by -32.7% to X tons. Over the period under review, imports, however, showed resilient growth. The pace of growth appeared the most rapid in 2014 with an increase of 33% against the previous year. Over the period under review, imports of hit record highs at X tons in 2020, and then declined rapidly in the following year.

In value terms, imports of sunflower-seed or safflower oil, refined, but not chemically modified declined to $X in 2021. In general, imports, however, showed resilient growth. The most prominent rate of growth was recorded in 2020 when imports increased by 31% against the previous year. As a result, imports reached the peak of $X, and then shrank in the following year.

Imports by Country

The countries with the highest levels of imports of sunflower-seed or safflower oil, refined, but not chemically modified in 2021 were South Korea (X tons), Australia (X tons), Afghanistan (X tons), Malaysia (X tons), India (X tons), Myanmar (X tons), Thailand (X tons), China (X tons) and Singapore (X tons), together resulting at 75% of total import. The following importers - New Zealand (X tons), the Philippines (X tons), Vietnam (X tons) and Indonesia (X tons) - together made up 12% of total imports.

From 2012 to 2021, the biggest increases were in India (with a CAGR of +88.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest sunflower-seed or safflower oil, refined, but not chemically modified importing markets in Asia-Pacific were South Korea ($X), Australia ($X) and Afghanistan ($X), with a combined 36% share of total imports. These countries were followed by India, Malaysia, Thailand, Myanmar, China, Singapore, New Zealand, the Philippines, Indonesia and Vietnam, which together accounted for a further 50%.

India, with a CAGR of +79.8%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per ton, increasing by 42% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Indonesia ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+1.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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