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

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

In 2022, the French market for crude sunflower-seed and safflower oil was finally on the rise to reach $X after two years of decline. The market value increased at an average annual rate of +5.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Crude Sunflower-Seed And Safflower Oil in France

In value terms, crude sunflower-seed and safflower oil production surged to $X in 2022 estimated in export price. Over the period under review, production, however, saw a tangible expansion. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Exports of Crude Sunflower-Seed And Safflower Oil

Exports from France

In 2022, overseas shipments of crude sunflower-seed and safflower oil increased by 36% to X tons, rising for the third year in a row after three years of decline. Overall, exports, however, continue to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2016 with an increase of 44%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, crude sunflower-seed and safflower oil exports skyrocketed to $X in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Spain (X tons), the Netherlands (X tons) and the UK (X tons) were the main destinations of crude sunflower-seed and safflower oil exports from France, with a combined 56% share of total exports. Germany, the United States, Malaysia, Belgium and Sweden lagged somewhat behind, together accounting for a further 41%.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +112.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), the Netherlands ($X) and Germany ($X) appeared to be the largest markets for crude sunflower-seed and safflower oil exported from France worldwide, with a combined 55% share of total exports. The UK, Malaysia, the United States, Belgium and Sweden lagged somewhat behind, together accounting for a further 43%.

Malaysia, with a CAGR of +97.4%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for crude sunflower-seed and safflower oil stood at $X per ton in 2022, rising by 35% against the previous year. Overall, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +2.5% 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 +122.7% against 2018 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+9.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Crude Sunflower-Seed And Safflower Oil

Imports into France

In 2022, supplies from abroad of crude sunflower-seed and safflower oil was finally on the rise to reach X tons after two years of decline. Over the period under review, imports continue to indicate a perceptible expansion. The most prominent rate of growth was recorded in 2016 with an increase of 160%. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, crude sunflower-seed and safflower oil imports soared to $X in 2022. Overall, imports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2016 when imports increased by 111% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Ukraine (X tons) constituted the largest crude sunflower-seed and safflower oil supplier to France, with a 51% share of total imports. Moreover, crude sunflower-seed and safflower oil imports from Ukraine exceeded the figures recorded by the second-largest supplier, Bulgaria (X tons), fourfold. The third position in this ranking was taken by Argentina (X tons), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from Ukraine stood at -1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (+118.7% per year) and Argentina (+7.4% per year).

In value terms, Ukraine ($X) constituted the largest supplier of crude sunflower-seed and safflower oil to France, comprising 42% of total imports. The second position in the ranking was held by Bulgaria ($X), with an 18% share of total imports. It was followed by Romania, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Ukraine was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (+134.5% per year) and Romania (+22.0% per year).

Import Prices by Country

The average import price for crude sunflower-seed and safflower oil stood at $X per ton in 2022, with an increase of 28% against the previous year. In general, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +3.2% 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 import price increased by +84.5% against 2018 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 50%. The import price peaked in 2022 and is likely to continue growth in years to come.

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 Belgium ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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