EU: Market for Sunflower-Seed And Safflower Oil 2024

Market Size for Sunflower-Seed And Safflower Oil in the EU

For the fourth consecutive year, the EU sunflower-seed and safflower oil market recorded growth in sales value, which increased by 27% to $X in 2022. The total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +88.3% against 2015 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Sunflower-Seed And Safflower Oil in the EU

In value terms, sunflower-seed and safflower oil production surged to $X in 2022 estimated in export price. The total production indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +67.7% against 2018 indices. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Exports of Sunflower-Seed And Safflower Oil

Exports in the EU

In 2022, the amount of sunflower-seed and safflower oil exported in the European Union soared to X tons, with an increase of 25% on the year before. Total exports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +82.5% against 2015 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, sunflower-seed and safflower oil exports skyrocketed to $X in 2022. In general, exports continue to indicate a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Bulgaria (X tons), the Netherlands (X tons), Hungary (X tons), France (X tons), Spain (X tons), Romania (X tons), Poland (X tons), Germany (X tons), Belgium (X tons), the Czech Republic (X tons), Italy (X tons) and Austria (X tons) represented roughly 95% of total exports in 2022.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +28.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Bulgaria ($X), the Netherlands ($X) and Hungary ($X) constituted the countries with the highest levels of exports in 2022, with a combined 51% share of total exports. France, Spain, Romania, Poland, Germany, Belgium, Italy, the Czech Republic and Austria lagged somewhat behind, together accounting for a further 44%.

In terms of the main exporting countries, Poland, with a CAGR of +32.3%, recorded the highest growth rate of 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 2022, the export price in the European Union amounted to $X per ton, increasing by 30% against the previous year. Export price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sunflower-seed and safflower oil export price increased by +92.5% against 2019 indices. The pace of growth was the most pronounced in 2021 an increase of 38%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Spain ($X per ton) and Italy ($X per ton), while the Netherlands ($X per ton) and the Czech Republic ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+4.3%), while the other leaders experienced more modest paces of growth.

Imports of Sunflower-Seed And Safflower Oil

Imports in the EU

Sunflower-seed and safflower oil imports skyrocketed to X tons in 2022, jumping by 24% against 2021. Total imports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, sunflower-seed and safflower oil imports surged to $X in 2022. In general, imports enjoyed strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the eight major importers of sunflower-seed and safflower oil, namely Spain, Italy, the Netherlands, Poland, Germany, Belgium, France and Bulgaria, represented more than two-thirds of total import.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Bulgaria (with a CAGR of +27.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Italy ($X) and the Netherlands ($X) were the countries with the highest levels of imports in 2022, together comprising 39% of total imports. Germany, Poland, France, Belgium and Bulgaria lagged somewhat behind, together comprising a further 42%.

Bulgaria, with a CAGR of +28.3%, 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

The import price in the European Union stood at $X per ton in 2022, growing by 23% against the previous year. Import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sunflower-seed and safflower oil import price increased by +95.7% against 2019 indices. The pace of growth appeared the most rapid in 2021 when the import price increased by 50%. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in France ($X per ton) and Belgium ($X per ton), while Bulgaria ($X per ton) and Poland ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+3.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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