Eastern Europe: Market for Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified 2025

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

In 2021, the East European market for sunflower-seed or safflower oil, refined, but not chemically modified decreased by -3% to $X for the first time since 2018, thus ending a two-year rising trend. The market value increased at an average annual rate of +1.5% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, consumption reached the peak level of $X, and then reduced slightly in the following year.

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

In value terms, production of sunflower-seed or safflower oil, refined, but not chemically modified declined to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.0% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 19%. As a result, production attained the peak level of $X, and then fell in the following year.

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

Exports in Eastern Europe

In 2021, shipments abroad of sunflower-seed or safflower oil, refined, but not chemically modified decreased by -20.8% to X tons for the first time since 2018, thus ending a two-year rising trend. Total exports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +6.3% over the last nine-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 2017 with an increase of 25% against the previous year. Over the period under review, the exports of reached the maximum at X tons in 2020, and then fell rapidly in the following year.

In value terms, exports of sunflower-seed or safflower oil, refined, but not chemically modified skyrocketed to $X in 2021. Total exports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +6.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +117.3% against 2015 indices. The most prominent rate of growth was recorded in 2020 with an increase of 22% against the previous year. The level of export peaked in 2021 and is likely to see gradual growth in years to come.

Exports by Country

Ukraine (X tons) and Russia (X tons) represented roughly 66% of total exports in 2021. It was distantly followed by Hungary (X tons), constituting a 19% share of total exports. Romania (X tons), Bulgaria (X tons), the Czech Republic (X tons) and Slovakia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by the Czech Republic (with a CAGR of +14.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest sunflower-seed or safflower oil, refined, but not chemically modified supplying countries in Eastern Europe were Ukraine ($X), Russia ($X) and Hungary ($X), with a combined 84% share of total exports. These countries were followed by Romania, Bulgaria, the Czech Republic and Slovakia, which together accounted for a further 14%.

Among the main exporting countries, the Czech Republic, with a CAGR of +14.4%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Eastern Europe amounted to $X per ton, rising by 51% against the previous year. Overall, the export price saw a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Slovakia ($X per ton) and Bulgaria ($X per ton), while the Czech Republic ($X per ton) and Hungary ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bulgaria (+1.6%), while the other leaders experienced more modest paces of growth.

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

Imports in Eastern Europe

In 2021, overseas purchases of sunflower-seed or safflower oil, refined, but not chemically modified decreased by -6.2% to X tons for the first time since 2018, thus ending a two-year rising trend. Total imports indicated a noticeable increase from 2012 to 2021: its volume increased at an average annual rate of +2.4% 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 +66.6% against 2015 indices. The most prominent rate of growth was recorded in 2017 with an increase of 25%. Over the period under review, imports of hit record highs at X tons in 2020, and then contracted in the following year.

In value terms, imports of sunflower-seed or safflower oil, refined, but not chemically modified skyrocketed to $X in 2021. In general, imports, however, recorded temperate growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Poland (X tons) and Belarus (X tons) represented roughly 55% of total imports in 2021. It was distantly followed by the Czech Republic (X tons), Slovakia (X tons), Romania (X tons) and Bulgaria (X tons), together creating a 33% share of total imports. Lithuania (X tons) held a little 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 Poland (with a CAGR of +22.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest sunflower-seed or safflower oil, refined, but not chemically modified importing markets in Eastern Europe were Poland ($X), Belarus ($X) and the Czech Republic ($X), together comprising 66% of total imports.

Poland, with a CAGR of +23.2%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Eastern Europe amounted to $X per ton, rising by 43% against the previous year. Over the period under review, the import price showed 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 noticeably amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Lithuania ($X per ton) and Romania ($X per ton), while Belarus ($X per ton) and the Czech Republic ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lithuania (+0.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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