Bosnia and Herzegovina: Market for Sunflower-Seed And Safflower Oil 2019

Market Size for Sunflower-Seed And Safflower Oil in Bosnia and Herzegovina

The revenue of the sunflower-seed and safflower oil market in Bosnia and Herzegovina amounted to $X in 2018, dropping by -X% against the previous year. Overall, sunflower-seed and safflower oil consumption continues to indicate a drastic shrinkage. The pace of growth was the most pronounced in 2011 when the market value increased by X% against the previous year. Bosnia and Herzegovina sunflower-seed and safflower oil consumption peaked at $X in 2017, and then declined slightly in the following year.

Production of Sunflower-Seed And Safflower Oil in Bosnia and Herzegovina

In value terms, sunflower-seed and safflower oil production amounted to $X in 2018 estimated in export prices. In general, the total output indicated a slight expansion from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, sunflower-seed and safflower oil production decreased by -X% against 2016 indices. The growth pace was the most rapid in 2008 when production volume increased by X% year-to-year. Bosnia and Herzegovina sunflower-seed and safflower oil production peaked at $X in 2016; however, from 2017 to 2018, production remained at a lower figure.

Exports of Sunflower-Seed And Safflower Oil

Exports from Bosnia and Herzegovina

In 2018, the amount of sunflower-seed and safflower oil exported from Bosnia and Herzegovina totaled X tons, rising by X% against the previous year. Overall, sunflower-seed and safflower oil exports continue to indicate an extraordinary increase. The pace of growth was the most pronounced in 2009 with an increase of X% year-to-year. Over the period under review, sunflower-seed and safflower oil exports reached their maximum in 2018 and are expected to retain its growth in the near future.

In value terms, sunflower-seed and safflower oil exports stood at $X in 2018. In general, sunflower-seed and safflower oil exports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2008 when exports increased by X% year-to-year. Bosnia and Herzegovina exports peaked at $X in 2017, and then declined slightly in the following year.

Exports by Country

Ukraine represented the key exporter of sunflower-seed and safflower oil in the world, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2018. Russia (X tons) held the second position in the ranking, distantly followed by Argentina (X tons), the Netherlands (X tons) and Hungary (X tons). All these countries together held near X% share of total exports. The following exporters - France (X tons), Turkey (X tons), Bulgaria (X tons), Spain (X tons) and Romania (X tons) - together made up X% of total exports.

Exports from Ukraine increased at an average annual rate of +X% from 2007 to 2018. At the same time, Turkey (+X%), Bulgaria (+X%), Spain (+X%), Romania (+X%), Hungary (+X%), Russia (+X%), France (+X%) and the Netherlands (+X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Argentina experienced a relatively flat trend pattern. From 2007 to 2018, the share of Ukraine, Russia, Turkey, Hungary, Bulgaria, Spain and the Netherlands increased by +X%, +X%, +X%, +X%, +X%, +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ukraine ($X) remains the largest sunflower-seed and safflower oil supplier from Bosnia and Herzegovina, comprising X% of global exports. The second position in the ranking was occupied by Russia ($X), with a X% share of global exports. It was followed by Argentina, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in Ukraine stood at +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Russia (+X% per year) and Argentina (+X% per year).

Export Prices by Country

In 2018, the sunflower-seed and safflower oil export price in Bosnia and Herzegovina amounted to $X per ton, shrinking by -X% against the previous year. In general, the sunflower-seed and safflower oil export price continues to indicate a deep curtailment. The most prominent rate of growth was recorded in 2008 an increase of X% against the previous year. In that year, the export prices for sunflower-seed and safflower oil attained their peak level of $X per ton. From 2009 to 2018, the growth in terms of the export prices for sunflower-seed and safflower oil remained at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2018, major exporting countries recorded the following prices: in Turkey ($X per ton) and Spain ($X per ton), while Ukraine ($X per ton) and Argentina ($X per ton) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Russia, while the other leaders experienced mixed trends in the export price figures.

Imports of Sunflower-Seed And Safflower Oil

Imports into Bosnia and Herzegovina

In 2018, approx. X tons of sunflower-seed and safflower oil were imported into Bosnia and Herzegovina; falling by -X% against the previous year. In general, sunflower-seed and safflower oil imports, however, continue to indicate strong growth. The growth pace was the most rapid in 2009 when imports increased by X% year-to-year. Bosnia and Herzegovina imports peaked at X tons in 2017, and then declined slightly in the following year.

In value terms, sunflower-seed and safflower oil imports stood at $X in 2018. In general, the total imports indicated buoyant growth from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Over the period under review, sunflower-seed and safflower oil imports attained their maximum at $X in 2017, and then declined slightly in the following year.

Imports by Country

India represented the main importing country with an import of about X tons, which recorded X% of total imports. Italy (X tons) took a X% share (based on tons) of total imports, which put it in second place, followed by Turkey (X%), Spain (X%) and the Netherlands (X%). Iraq (X tons), Iran (X tons), Belgium (X tons), Germany (X tons), the UK (X tons), Egypt (X tons) and France (X tons) held a little share of total imports.

India was also the fastest-growing in terms of the sunflower-seed and safflower oil imports, with a CAGR of +X% from 2007 to 2018. At the same time, Turkey (+X%), Italy (+X%), Iraq (+X%), Iran (+X%), Egypt (+X%), Spain (+X%), the Netherlands (+X%), Belgium (+X%), Germany (+X%) and the UK (+X%) displayed positive paces of growth. France experienced a relatively flat trend pattern. India (+X p.p.), Turkey (+X p.p.), Italy (+X p.p.), Iraq (+X p.p.), Iran (+X p.p.), Spain (+X p.p.), the Netherlands (+X p.p.) and Egypt (+X p.p.) significantly strengthened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported sunflower-seed and safflower oil into Bosnia and Herzegovina, comprising X% of global imports. The second position in the ranking was occupied by Italy ($X), with a X% share of global imports. It was followed by the Netherlands, with a X% share.

From 2007 to 2018, the average annual growth rate of value in India amounted to +X%. The remaining importing countries recorded the following average annual rates of imports growth: Italy (+X% per year) and the Netherlands (+X% per year).

Import Prices by Country

The sunflower-seed and safflower oil import price in Bosnia and Herzegovina stood at $X per ton in 2018, falling by -X% against the previous year. Over the period under review, the sunflower-seed and safflower oil import price continues to indicate a temperate deduction. The pace of growth was the most pronounced in 2008 when the import price increased by X% year-to-year. In that year, the import prices for sunflower-seed and safflower oil attained their peak level of $X per ton. From 2009 to 2018, the growth in terms of the import prices for sunflower-seed and safflower oil remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2018, major importing countries recorded the following prices: in Germany ($X per ton) and Belgium ($X per ton), while Iran ($X per ton) and Turkey ($X per ton) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by India, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform