Australia and Oceania: 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 Australia and Oceania

In 2021, after three years of growth, there was significant decline in the market for sunflower-seed or safflower oil, refined, but not chemically modified in Australia and Oceania, when its value decreased by -8% to $X. The total consumption indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +59.6% against 2017 indices. The level of consumption peaked at $X in 2020, and then declined in the following year.

Production of Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified in Australia and Oceania

In value terms, production of sunflower-seed or safflower oil, refined, but not chemically modified reduced to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 48% against the previous year. Over the period under review, production of reached the peak level at $X in 2020, and then reduced in the following year.

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

Exports in Australia and Oceania

After two years of growth, shipments abroad of sunflower-seed or safflower oil, refined, but not chemically modified decreased by -58.7% to X tons in 2021. Over the period under review, exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2019 with an increase of 215%. Over the period under review, the exports of reached the peak figure at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, exports of sunflower-seed or safflower oil, refined, but not chemically modified declined markedly to $X in 2021. Overall, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2019 when exports increased by 154% against the previous year. Over the period under review, the exports of hit record highs at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, New Zealand (X tons) was the main exporter of sunflower-seed or safflower oil, refined, but not chemically modified, mixing up 66% of total exports. It was distantly followed by Australia (X tons), committing a 33% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by New Zealand (with a CAGR of +36.3%).

In value terms, New Zealand ($X) emerged as the largest sunflower-seed or safflower oil, refined, but not chemically modified supplier in Australia and Oceania, comprising 69% of total exports. The second position in the ranking was taken by Australia ($X), with a 31% share of total exports.

In New Zealand, exports of sunflower-seed or safflower oil, refined, but not chemically modified increased at an average annual rate of +30.0% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per ton, surging by 33% against the previous year. Overall, the export price recorded a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was New Zealand ($X per ton), while Australia totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+0.1%).

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

Imports in Australia and Oceania

In 2021, purchases abroad of sunflower-seed or safflower oil, refined, but not chemically modified decreased by -21.7% to X tons for the first time since 2011, thus ending a nine-year rising trend. Overall, imports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of 49%. The volume of import peaked at X tons in 2020, and then shrank significantly in the following year.

In value terms, imports of sunflower-seed or safflower oil, refined, but not chemically modified expanded sharply to $X in 2021. In general, imports, however, posted buoyant growth. The pace of growth was the most pronounced in 2014 when imports increased by 37%. The level of import peaked in 2021 and is likely to see steady growth in the near future.

Imports by Country

In 2021, Australia (X tons) represented the largest importer of sunflower-seed or safflower oil, refined, but not chemically modified, achieving 63% of total imports. New Zealand (X tons) ranks second in terms of the total imports with an 18% share, followed by French Polynesia (5.8%), Papua New Guinea (4.6%) and New Caledonia (4.5%). Samoa (X tons) followed a long way behind the leaders.

Australia was also the fastest-growing in terms of the sunflower-seed or safflower oil, refined, but not chemically modified imports, with a CAGR of +16.8% from 2012 to 2021. At the same time, New Zealand (+11.0%), Papua New Guinea (+9.9%), Samoa (+7.8%), French Polynesia (+5.4%) and New Caledonia (+2.0%) displayed positive paces of growth. While the share of Australia (+17 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of New Zealand (-2.9 p.p.), French Polynesia (-4.9 p.p.) and New Caledonia (-6.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported sunflower-seed or safflower oil, refined, but not chemically modified in Australia and Oceania, comprising 63% of total imports. The second position in the ranking was held by New Zealand ($X), with a 19% share of total imports. It was followed by French Polynesia, with a 6% share.

In Australia, imports of sunflower-seed or safflower oil, refined, but not chemically modified expanded at an average annual rate of +15.4% over the period from 2012-2021. In the other countries, the average annual rates were as follows: New Zealand (+10.0% per year) and French Polynesia (+3.5% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2021, jumping by 34% against the previous year. Over the period under review, the import price, however, continues to indicate a mild slump. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in French Polynesia ($X per ton) and New Zealand ($X per ton), while Samoa ($X per ton) and New Caledonia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Papua New Guinea (+0.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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