Egypt: Market for Crude Sunflower-Seed And Safflower Oil 2025

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

In 2022, the Egyptian market for crude sunflower-seed and safflower oil increased by 14% to $X, rising for the second consecutive year after two years of decline. Overall, consumption showed a deep slump. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Crude Sunflower-Seed And Safflower Oil in Egypt

In value terms, crude sunflower-seed and safflower oil production shrank rapidly to $X in 2022 estimated in export price. Overall, production faced a abrupt descent. The pace of growth appeared the most rapid in 2021 when the production volume increased by 46% against the previous year. Crude sunflower-seed and safflower oil production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Crude Sunflower-Seed And Safflower Oil

Exports from Egypt

For the third consecutive year, Egypt recorded decline in shipments abroad of crude sunflower-seed and safflower oil, which decreased by -30.2% to X tons in 2022. In general, exports continue to indicate a abrupt slump. The growth pace was the most rapid in 2019 with an increase of 184%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, crude sunflower-seed and safflower oil exports shrank significantly to $X in 2022. Overall, exports faced a abrupt contraction. The pace of growth appeared the most rapid in 2019 with an increase of 180% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Palestine (X tons) was the main destination for crude sunflower-seed and safflower oil exports from Egypt, accounting for a 48% share of total exports. Moreover, crude sunflower-seed and safflower oil exports to Palestine exceeded the volume sent to the second major destination, Syrian Arab Republic (X tons), threefold. Libya (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume to Palestine amounted to +4.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Syrian Arab Republic (-10.7% per year) and Libya (-31.1% per year).

In value terms, Palestine ($X) remains the key foreign market for crude sunflower-seed and safflower oil exports from Egypt, comprising 48% of total exports. The second position in the ranking was held by Syrian Arab Republic ($X), with a 15% share of total exports. It was followed by Libya, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Palestine stood at +6.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Syrian Arab Republic (-9.3% per year) and Libya (-30.0% per year).

Export Prices by Country

In 2022, the average export price for crude sunflower-seed and safflower oil amounted to $X per ton, picking up by 18% against the previous year. In general, export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, crude sunflower-seed and safflower oil export price increased by +85.3% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by 57%. The export price peaked in 2022 and is likely to see steady growth in the near future.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Jordan ($X per ton) and Madagascar ($X per ton), while the average price for exports to Syrian Arab Republic ($X per ton) and Kenya ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Madagascar (+36.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Crude Sunflower-Seed And Safflower Oil

Imports into Egypt

Crude sunflower-seed and safflower oil imports into Egypt contracted slightly to X tons in 2022, with a decrease of -3.5% against 2021. Over the period under review, imports saw a abrupt contraction. The pace of growth was the most pronounced in 2017 when imports increased by 88%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, crude sunflower-seed and safflower oil imports soared to $X in 2022. Overall, imports faced a abrupt shrinkage. The growth pace was the most rapid in 2021 with an increase of 69%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Russia (X tons) was the main crude sunflower-seed and safflower oil supplier to Egypt, with a 91% share of total imports. Moreover, crude sunflower-seed and safflower oil imports from Russia exceeded the figures recorded by the second-largest supplier, Ukraine (X tons), tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Russia totaled -8.8%.

In value terms, Russia ($X) constituted the largest supplier of crude sunflower-seed and safflower oil to Egypt, comprising 91% of total imports. The second position in the ranking was taken by Ukraine ($X), with a 9.4% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Russia totaled -7.5%.

Import Prices by Country

The average import price for crude sunflower-seed and safflower oil stood at $X per ton in 2022, growing by 24% against the previous year. Over the period under review, the import price posted a mild expansion. The most prominent rate of growth was recorded in 2020 an increase of 41%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+1.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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