EU: 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 the EU

In 2021, the EU market for sunflower-seed or safflower oil, refined, but not chemically modified increased by 10% to $X, rising for the sixth consecutive year after two years of decline. The market value increased at an average annual rate of +3.5% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified in the EU

In value terms, production of sunflower-seed or safflower oil, refined, but not chemically modified expanded rapidly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.5% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, production reached the peak level and is likely to continue growth in the immediate term.

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

Exports in the EU

In 2021, overseas shipments of sunflower-seed or safflower oil, refined, but not chemically modified decreased by -1% to X tons for the first time since 2015, thus ending a five-year rising trend. The total export volume increased at an average annual rate of +3.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 12%. Over the period under review, the exports of attained the maximum at X tons in 2020, and then shrank slightly 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 temperate growth from 2012 to 2021: its value increased at an average annual rate of +2.8% 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 +88.7% against 2015 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Hungary (X tons), France (X tons), the Netherlands (X tons), Spain (X tons), Germany (X tons) and Belgium (X tons) represented roughly 76% of total exports in 2021. The following exporters - Romania (X tons), Bulgaria (X tons), the Czech Republic (X tons), Austria (X tons), Croatia (X tons), Italy (X tons) and Slovakia (X tons) - together made up 20% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Croatia (with a CAGR of +24.1%), 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 the European Union were Hungary ($X), France ($X) and the Netherlands ($X), with a combined 43% share of total exports. These countries were followed by Spain, Germany, Belgium, Romania, Bulgaria, Austria, the Czech Republic, Italy, Croatia and Slovakia, which together accounted for a further 52%.

Croatia, with a CAGR of +22.9%, saw the highest growth rate of the value of exports, in terms of the main exporting countries 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 the European Union amounted to $X per ton, increasing by 34% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; afterwards, it flattened through to 2021.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Italy ($X per ton) and Slovakia ($X per ton), while the Czech Republic ($X per ton) and the Netherlands ($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 the EU

Imports of sunflower-seed or safflower oil, refined, but not chemically modified shrank slightly to X tons in 2021, almost unchanged from the previous year. Total imports indicated a noticeable increase from 2012 to 2021: its volume increased at an average annual rate of +3.5% 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 +6.0% against 2019 indices. The pace of growth was the most pronounced in 2017 when imports increased by 44%. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports of remained at a lower figure.

In value terms, imports of sunflower-seed or safflower oil, refined, but not chemically modified soared to $X in 2021. Total imports indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +55.0% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Belgium (X tons), distantly followed by the Netherlands (X tons), France (X tons), Poland (X tons), Germany (X tons), Austria (X tons) and Italy (X tons) were the major importers of sunflower-seed or safflower oil, refined, but not chemically modified, together generating 72% of total imports. The following importers - Spain (X tons), the Czech Republic (X tons), Slovakia (X tons), Portugal (X tons), Romania (X tons) and Greece (X tons) - together made up 17% of total imports.

From 2012 to 2021, the biggest increases were in Poland (with a CAGR of +22.6%), while purchases 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 the European Union were Belgium ($X), the Netherlands ($X) and France ($X), together accounting for 41% of total imports. These countries were followed by Poland, Germany, Austria, Italy, Spain, the Czech Republic, Slovakia, Portugal, Romania and Greece, which together accounted for a further 48%.

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

Import Prices by Country

The import price in the European Union stood at $X per ton in 2021, with an increase of 37% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Greece ($X per ton) and France ($X per ton), while Austria ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+2.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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