Eastern Asia: Market for Crude Sunflower-Seed And Safflower Oil 2025

Market Size for Crude Sunflower-Seed And Safflower Oil in Eastern Asia

In 2022, the East Asian market for crude sunflower-seed and safflower oil decreased by -28.5% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption, however, showed moderate growth. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Production of Crude Sunflower-Seed And Safflower Oil in Eastern Asia

In value terms, crude sunflower-seed and safflower oil production dropped to $X in 2022 estimated in export price. In general, production, however, continues to indicate a abrupt downturn. The growth pace was the most rapid in 2017 with an increase of 36%. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Exports of Crude Sunflower-Seed And Safflower Oil

Exports in Eastern Asia

In 2022, shipments abroad of crude sunflower-seed and safflower oil was finally on the rise to reach X tons after two years of decline. Over the period under review, exports, however, recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 625%. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, crude sunflower-seed and safflower oil exports skyrocketed to $X in 2022. In general, exports, however, showed a slight setback. The pace of growth appeared the most rapid in 2016 with an increase of 300% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China dominates exports structure, accounting for X tons, which was near 94% of total exports in 2022. Taiwan (Chinese) (X tons) took a relatively small share of total exports.

Exports from China decreased at an average annual rate of -4.6% from 2012 to 2022. Taiwan (Chinese) (-3.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China decreased by -2 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest crude sunflower-seed and safflower oil supplier in Eastern Asia, comprising 95% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 1.8% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled -1.8%.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, jumping by 27% against the previous year. In general, the export price continues to indicate a moderate increase. The pace of growth appeared the most rapid in 2021 an increase of 63%. The level of export peaked in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while Taiwan (Chinese) stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.0%).

Imports of Crude Sunflower-Seed And Safflower Oil

Imports in Eastern Asia

In 2022, purchases abroad of crude sunflower-seed and safflower oil decreased by -51.9% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports, however, posted a prominent expansion. The pace of growth appeared the most rapid in 2013 with an increase of 216% against the previous year. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, crude sunflower-seed and safflower oil imports fell remarkably to $X in 2022. Overall, imports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of 184%. The level of import peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

China prevails in imports structure, amounting to X tons, which was near 95% of total imports in 2022. Japan (X tons) and Taiwan (Chinese) (X tons) took a minor share of total imports.

China was also the fastest-growing in terms of the crude sunflower-seed and safflower oil imports, with a CAGR of +19.0% from 2012 to 2022. At the same time, Taiwan (Chinese) (+1.1%) displayed positive paces of growth. By contrast, Japan (-5.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by +24 percentage points.

In value terms, China ($X) constitutes the largest market for imported crude sunflower-seed and safflower oil in Eastern Asia, comprising 95% of total imports. The second position in the ranking was taken by Japan ($X), with a 2.8% share of total imports.

In China, crude sunflower-seed and safflower oil imports expanded at an average annual rate of +20.8% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (-6.7% per year) and Taiwan (Chinese) (-0.9% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, with an increase of 34% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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