Australia and Oceania: Market for Crude Sunflower-Seed And Safflower Oil 2025

Market Size for Crude Sunflower-Seed And Safflower Oil in Australia and Oceania

The market for crude sunflower-seed and safflower oil in Australia and Oceania skyrocketed to $X in 2022, with an increase of 65% against the previous year. The total consumption indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +91.4% against 2018 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Crude Sunflower-Seed And Safflower Oil in Australia and Oceania

In value terms, crude sunflower-seed and safflower oil production rose sharply to $X in 2022 estimated in export price. Over the period under review, production, however, showed a pronounced contraction. The growth pace was the most rapid in 2013 when the production volume increased by 93% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Exports of Crude Sunflower-Seed And Safflower Oil

Exports in Australia and Oceania

Crude sunflower-seed and safflower oil exports shrank dramatically to X tons in 2022, falling by -75.5% against 2021 figures. Overall, exports faced a precipitous contraction. The pace of growth appeared the most rapid in 2016 when exports increased by 578%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, crude sunflower-seed and safflower oil exports reduced rapidly to $X in 2022. Over the period under review, exports continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2016 with an increase of 381%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The biggest shipments were from Australia (X tons), together recording 100% of total export.

Australia was also the fastest-growing in terms of the crude sunflower-seed and safflower oil exports, with a CAGR of -23.0% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) also remains the largest crude sunflower-seed and safflower oil supplier in Australia and Oceania.

In Australia, crude sunflower-seed and safflower oil exports contracted by an average annual rate of -17.3% over the period from 2012-2022.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, with an increase of 72% against the previous year. Export price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +7.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, crude sunflower-seed and safflower oil export price increased by +124.1% against 2016 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Australia.

From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to +7.5% per year.

Imports of Crude Sunflower-Seed And Safflower Oil

Imports in Australia and Oceania

In 2022, purchases abroad of crude sunflower-seed and safflower oil was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +2.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, crude sunflower-seed and safflower oil imports soared to $X in 2022. In general, imports continue to indicate a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Australia prevails in imports structure, recording X tons, which was approx. 90% of total imports in 2022. It was distantly followed by New Zealand (X tons), constituting a 9.6% share of total imports.

Australia was also the fastest-growing in terms of the crude sunflower-seed and safflower oil imports, with a CAGR of +3.8% from 2012 to 2022. New Zealand (-2.7%) illustrated a downward trend over the same period. While the share of Australia (+8.8 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of New Zealand (-6.9 p.p.) displayed negative dynamics.

In value terms, Australia ($X) constitutes the largest market for imported crude sunflower-seed and safflower oil in Australia and Oceania, comprising 89% of total imports. The second position in the ranking was taken by New Zealand ($X), with an 11% share of total imports.

In Australia, crude sunflower-seed and safflower oil imports increased at an average annual rate of +7.5% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, rising by 30% against the previous year. Import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, crude sunflower-seed and safflower oil import price increased by +114.5% against 2016 indices. The most prominent rate of growth was recorded in 2021 when the import price increased by 39% against the previous year. Over the period under review, import prices reached the maximum in 2022 and is likely to continue growth in the near future.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($X per ton), while Australia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+3.6%).

Source: IndexBox Platform

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