Report Update Jan 1, 2025

Bangladesh - Sunflower-Seed and Safflower Oil - Market Analysis, Forecast, Size, Trends and Insights

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Bangladesh: Market for Sunflower-Seed And Safflower Oil 2025

Market Size for Sunflower-Seed And Safflower Oil in Bangladesh

The Bangladeshi sunflower-seed and safflower oil market totaled $X in 2022, picking up by 11% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a significant increase. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Exports of Sunflower-Seed And Safflower Oil

Exports from Bangladesh

In 2022, shipments abroad of sunflower-seed and safflower oil decreased by -1.9% to X tons for the first time since 2017, thus ending a four-year rising trend. In general, exports, however, showed a significant increase. The pace of growth was the most pronounced in 2019 when exports increased by 1,267%. The exports peaked at X tons in 2021, and then dropped in the following year.

In value terms, sunflower-seed and safflower oil exports reached $X in 2022. Over the period under review, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2019 when exports increased by 1,284% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Singapore (X tons) was the main destination for sunflower-seed and safflower oil exports from Bangladesh, with a 79% share of total exports. Moreover, sunflower-seed and safflower oil exports to Singapore exceeded the volume sent to the second major destination, Canada (X tons), fourfold.

From 2013 to 2022, the average annual rate of growth in terms of volume to Singapore amounted to +35.0%.

In value terms, the largest markets for sunflower-seed and safflower oil exported from Bangladesh were Singapore ($X) and Canada ($X).

Among the main countries of destination, Singapore, with a CAGR of +33.4%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The average sunflower-seed and safflower oil export price stood at $X per ton in 2022, surging by 13% against the previous year. Overall, the export price saw a modest increase. The pace of growth appeared the most rapid in 2014 an increase of 144% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Singapore totaled $X per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+21.6%).

Imports of Sunflower-Seed And Safflower Oil

Imports into Bangladesh

In 2022, the amount of sunflower-seed and safflower oil imported into Bangladesh soared to X tons, rising by 34% against 2021. Overall, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 144%. Over the period under review, imports attained the maximum at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, sunflower-seed and safflower oil imports rose slightly to $X in 2022. In general, imports saw significant growth. The growth pace was the most rapid in 2019 when imports increased by 136%. Over the period under review, imports attained the maximum at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

Ukraine (X tons), Italy (X tons) and Malaysia (X tons) were the main suppliers of sunflower-seed and safflower oil imports to Bangladesh, with a combined 69% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Ukraine (with a CAGR of +65.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest sunflower-seed and safflower oil suppliers to Bangladesh were Ukraine ($X), Italy ($X) and Turkey ($X), together comprising 78% of total imports.

Ukraine, with a CAGR of +66.6%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other 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, shrinking by -23.6% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 61%. As a result, import price reached the peak level of $X per ton, and then dropped markedly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sunflower-seed and safflower oil in the world?

The countries with the highest volumes of in 2021 were Russia, India and Ukraine, together accounting for 33% of global consumption.

What are the largest producers of sunflower-seed and safflower oil in the world?

The countries with the highest volumes of in 2021 were Ukraine, Russia and Argentina, together accounting for 65% of global production. Turkey, Hungary, Bulgaria, Romania, France, Spain and Kazakhstan lagged somewhat behind, together accounting for a further 20%.

What are the leading suppliers of sunflower-seed and safflower oil to Bangladesh?

In value terms, Italy constituted the largest supplier of sunflower-seed and safflower oil to Bangladesh, comprising 66% of total imports. The second position in the ranking was occupied by Turkey, with a 14% share of total imports. It was followed by Ukraine, with a 6.6% share.

What is the average export price for sunflower-seed and safflower oil in Bangladesh?

In 2020, the average sunflower-seed and safflower oil export price amounted to $151 per ton, falling by -11.8% against the previous year.

What is the average import price for sunflower-seed and safflower oil in Bangladesh?

The average sunflower-seed and safflower oil import price stood at $1,080 per ton in 2021, increasing by 3.9% against the previous year.

This report provides an in-depth analysis of the market for sunflower-seed and safflower oil in Bangladesh. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 268 - Oil of Sunflower Seed
FCL 281 - Oil of Safflower Seed

Country coverage:

Bangladesh

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Bangladesh
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024