Benelux: Market for Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified 2024

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

The Benelux market for sunflower-seed or safflower oil, refined, but not chemically modified was finally on the rise to reach $X in 2021, after three years of decline. The market value increased at an average annual rate of +1.1% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

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

In value terms, production of sunflower-seed or safflower oil, refined, but not chemically modified reached $X in 2021 estimated in export price. In general, production, however, showed a slight downturn. The pace of growth was the most pronounced in 2017 when the production volume increased by 4.3% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2021, production of growth remained at a somewhat lower figure.

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

Exports in Benelux

Exports of sunflower-seed or safflower oil, refined, but not chemically modified declined to X tons in 2021, which is down by -12.9% against 2020. The total export volume increased at an average annual rate of +1.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 30% against the previous year. As a result, the exports attained the peak of X tons, and then shrank in the following year.

In value terms, exports of sunflower-seed or safflower oil, refined, but not chemically modified skyrocketed to $X in 2021. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 37%. Over the period under review, the exports of hit record highs at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, the Netherlands (X tons) represented the major exporter of sunflower-seed or safflower oil, refined, but not chemically modified, comprising 62% of total exports. It was distantly followed by Belgium (X tons), comprising a 38% share of total exports.

From 2012 to 2021, the biggest increases were in Belgium (with a CAGR of +1.7%).

In value terms, the Netherlands ($X) and Belgium ($X) appeared to be the countries with the highest levels of exports in 2021.

Among the main exporting countries, Belgium, with a CAGR of +0.5%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2021, the export price in Benelux amounted to $X per ton, with an increase of 33% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was Belgium ($X per ton), while the Netherlands stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (-0.7%).

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

Imports in Benelux

Imports of sunflower-seed or safflower oil, refined, but not chemically modified dropped to X tons in 2021, which is down by -10.8% compared with the previous year. Total imports indicated a notable expansion from 2012 to 2021: its volume 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, imports increased by +4.3% against 2019 indices. The growth pace was the most rapid in 2017 with an increase of 74% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of sunflower-seed or safflower oil, refined, but not chemically modified soared to $X in 2021. Total imports indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +53.8% against 2019 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 55% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Belgium (X tons) was the major importer of sunflower-seed or safflower oil, refined, but not chemically modified, creating 62% of total imports. It was distantly followed by the Netherlands (X tons), making up a 37% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Belgium (with a CAGR of +3.3%).

In value terms, the largest sunflower-seed or safflower oil, refined, but not chemically modified importing markets in Benelux were Belgium ($X) and the Netherlands ($X).

Belgium, with a CAGR of +3.4%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review.

Import Prices by Country

The import price in Benelux stood at $X per ton in 2021, increasing by 38% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. Over the period under review, import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2021, the country with the highest price was Belgium ($X per ton), while the Netherlands amounted to $X per ton.

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

Source: IndexBox Platform