Report Update Nov 1, 2024

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

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Colombia: Market for Crude Sunflower-Seed And Safflower Oil 2024

Market Size for Crude Sunflower-Seed And Safflower Oil in Colombia

In 2022, the Colombian market for crude sunflower-seed and safflower oil decreased by -18.7% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption, however, saw a notable expansion. As a result, consumption reached the peak level of $X, and then fell notably in the following year.

Exports of Crude Sunflower-Seed And Safflower Oil

Exports from Colombia

After two years of decline, shipments abroad of crude sunflower-seed and safflower oil increased by 29% to X kg in 2022. Over the period under review, exports, however, continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2019 when exports increased by 100% against the previous year. Over the period under review, the exports hit record highs 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 to $X in 2022. In general, exports, however, faced a sharp decline. The growth pace was the most rapid in 2021 with an increase of 31%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X kg) was the main destination for crude sunflower-seed and safflower oil exports from Colombia, with a approx. 96% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at -18.8%.

In value terms, Germany ($X) also remains the key foreign market for crude sunflower-seed and safflower oil exports from Colombia.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany stood at -28.1%.

Export Prices by Country

The average export price for crude sunflower-seed and safflower oil stood at $X per ton in 2022, declining by -31.6% against the previous year. Overall, the export price recorded a abrupt contraction. The pace of growth appeared the most rapid in 2020 when the average export price increased by 61%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to -11.4% per year.

Imports of Crude Sunflower-Seed And Safflower Oil

Imports into Colombia

In 2022, after two years of growth, there was significant decline in purchases abroad of crude sunflower-seed and safflower oil, when their volume decreased by -7.7% to X tons. Over the period under review, total imports indicated a tangible increase from 2012 to 2022: its volume increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.5% against 2017 indices. The pace of growth appeared the most rapid in 2014 with an increase of 66% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, crude sunflower-seed and safflower oil imports fell notably to $X in 2022. Overall, imports, however, enjoyed a moderate increase. The most prominent rate of growth was recorded in 2021 with an increase of 86% against the previous year. As a result, imports attained the peak of $X, and then reduced sharply in the following year.

Imports by Country

Argentina (X tons) and Bolivia (X tons) were the main suppliers of crude sunflower-seed and safflower oil imports to Colombia.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Argentina (with a CAGR of +16.7%).

In value terms, Argentina ($X) and Bolivia ($X) were the largest crude sunflower-seed and safflower oil suppliers to Colombia.

Argentina, with a CAGR of +15.5%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review.

Import Prices by Country

In 2022, the average import price for crude sunflower-seed and safflower oil amounted to $X per ton, reducing by -16.7% against the previous year. Overall, the import price showed a slight curtailment. The pace of growth appeared the most rapid in 2021 an increase of 57%. As a result, import price reached the peak level of $X per ton, and then contracted rapidly in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Argentina ($X per ton), while the price for Bolivia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (-1.0%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

The countries with the highest volumes of crude sunflower-seed and safflower oil consumption in 2021 were Russia, Turkey and India, together accounting for 37% of global consumption. China, Ukraine, Argentina, Spain, Italy, France, Iran, Hungary, Germany and Romania lagged somewhat behind, together comprising a further 39%.

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

The countries with the highest volumes of crude sunflower-seed and safflower oil production in 2021 were Ukraine, Russia and Argentina, with a combined 63% share of global production. These countries were followed by Turkey, Hungary, Bulgaria, Romania, France, Spain and Kazakhstan, which together accounted for a further 21%.

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

In value terms, Bolivia and Argentina were the largest crude sunflower-seed and safflower oil suppliers to Colombia.

What are the leading importers of crude sunflower-seed and safflower oil from Colombia?

In value terms, Germany $486) remains the key foreign market for crude sunflower-seed and safflower oil exports from Colombia, comprising 95% of total exports. The second position in the ranking was occupied by Switzerland $26), with a 5.1% share of total exports.

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

The average export price for crude sunflower-seed and safflower oil stood at $500 per ton in 2021, approximately mirroring the previous year.

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

In 2021, the average import price for crude sunflower-seed and safflower oil amounted to $1,204 per ton, rising by 43% against the previous year.

This report provides an in-depth analysis of the market for crude sunflower-seed and safflower oil in Colombia. 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:

Colombia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Colombia
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 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
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 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
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, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023