Report Update Nov 1, 2024

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

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

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

After five years of growth, the Ethiopian market for crude sunflower-seed and safflower oil decreased by -10.3% to $X in 2022. In general, consumption posted a prominent increase. Over the period under review, the market hit record highs at $X in 2021, and then reduced in the following year.

Production of Crude Sunflower-Seed And Safflower Oil in Ethiopia

In value terms, crude sunflower-seed and safflower oil production rose modestly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a deep setback. The growth pace was the most rapid in 2015 when the production volume increased by 32%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Crude Sunflower-Seed And Safflower Oil

Exports from Ethiopia

For the third year in a row, Ethiopia recorded decline in shipments abroad of crude sunflower-seed and safflower oil, which decreased by 0% to X kg in 2017. Over the period under review, exports showed a sharp slump. The smallest decline of -72% was in 2015. Over the period under review, the exports hit record highs at X kg in 2014; however, from 2015 to 2017, the exports remained at a lower figure.

In value terms, crude sunflower-seed and safflower oil exports totaled $X in 2017. In general, exports faced a dramatic setback. The smallest decline of -67.9% was in 2015. The exports peaked at $X in 2014; however, from 2015 to 2017, the exports failed to regain momentum.

Exports by Country

The United States (X kg) was the main destination for crude sunflower-seed and safflower oil exports from Ethiopia, with a approx. 100% share of total exports.

From 2014 to 2017, the average annual growth rate of volume to the United States stood at -53.6%.

From 2014 to 2017, the average annual rate of growth in terms of value to the United States amounted to -64.4%.

Export Prices by Country

In 2017, the average export price for crude sunflower-seed and safflower oil amounted to $X per ton, remaining stable against the previous year. In general, the export price recorded a sharp reduction. The pace of growth appeared the most rapid in 2015 an increase of 15% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2017, the average export prices failed to regain momentum.

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

From 2014 to 2017, the rate of growth in terms of prices for the United States amounted to -23.4% per year.

Imports of Crude Sunflower-Seed And Safflower Oil

Imports into Ethiopia

In 2022, the amount of crude sunflower-seed and safflower oil imported into Ethiopia amounted to X tons, stabilizing at the previous year. Over the period under review, imports saw a significant expansion. The pace of growth was the most pronounced in 2018 when imports increased by 865% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2020; afterwards, it flattened through to 2022.

In value terms, crude sunflower-seed and safflower oil imports dropped to $X in 2022. In general, imports enjoyed a significant expansion. The pace of growth was the most pronounced in 2018 with an increase of 684%. Imports peaked at $X in 2021, and then declined in the following year.

Imports by Country

In 2022, Ukraine (X tons) constituted the largest crude sunflower-seed and safflower oil supplier to Ethiopia, with a 89% share of total imports. Moreover, crude sunflower-seed and safflower oil imports from Ukraine exceeded the figures recorded by the second-largest supplier, Moldova (X tons), ninefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Ukraine amounted to +92.4%.

In value terms, Ukraine ($X) constituted the largest supplier of crude sunflower-seed and safflower oil to Ethiopia, comprising 93% of total imports. The second position in the ranking was taken by Moldova ($X), with a 6.7% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Ukraine totaled +87.6%.

Import Prices by Country

The average import price for crude sunflower-seed and safflower oil stood at $X per ton in 2022, dropping by -14.1% against the previous year. In general, the import price continues to indicate a mild slump. The growth pace was the most rapid in 2021 an increase of 39% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Ukraine ($X per ton), while the price for Moldova totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (-2.5%).

Source: IndexBox Platform

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

Ethiopia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ethiopia
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