France: Market for Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified 2024

Market Size for Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified in France

The French market for sunflower-seed or safflower oil, refined, but not chemically modified fell significantly to $X in 2021, declining by -16.8% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. Consumption of peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

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

In value terms, production of sunflower-seed or safflower oil, refined, but not chemically modified expanded remarkably to $X in 2021 estimated in export price. In general, production, however, continues to indicate prominent growth. The pace of growth appeared the most rapid in 2014 when the production volume increased by 39%. Production of peaked in 2021 and is likely to continue growth in the immediate term.

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

Exports from France

For the third year in a row, France recorded decline in shipments abroad of sunflower-seed or safflower oil, refined, but not chemically modified, which decreased by -5.7% to X tons in 2021. The total export volume increased at an average annual rate of +1.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 31% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports of remained at a lower figure.

In value terms, exports of sunflower-seed or safflower oil, refined, but not chemically modified soared to $X in 2021. The total export value increased at an average annual rate of +1.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when exports increased by 28%. Over the period under review, the exports of reached the peak figure in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Belgium (X tons), the UK (X tons) and the United States (X tons) were the main destinations of exports of sunflower-seed or safflower oil, refined, but not chemically modified from France, together comprising 76% of total exports.

From 2012 to 2021, the biggest increases were in the United States (with a CAGR of +45.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), the UK ($X) and the United States ($X) constituted the largest markets for sunflower-seed or safflower oil, refined, but not chemically modified exported from France worldwide, together accounting for 73% of total exports.

The United States, with a CAGR of +41.3%, recorded the highest growth rate of the value of exports, among 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

In 2021, the average export price for sunflower-seed or safflower oil, refined, but not chemically modified amounted to $X per ton, increasing by 29% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2021, the countries with the highest prices were Germany ($X per ton) and Spain ($X per ton), while the average price for exports to Belgium ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+2.1%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports into France

In 2021, overseas purchases of sunflower-seed or safflower oil, refined, but not chemically modified decreased by -0.8% to X tons, falling for the third year in a row after seven years of growth. In general, imports, however, showed a buoyant expansion. The growth pace was the most rapid in 2018 with an increase of 25%. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of sunflower-seed or safflower oil, refined, but not chemically modified skyrocketed to $X in 2021. Over the period under review, total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine-year period. 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.

Imports by Country

Spain (X tons), Belgium (X tons) and Ukraine (X tons) were the main suppliers of imports of sunflower-seed or safflower oil, refined, but not chemically modified to France, together comprising 80% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ukraine (with a CAGR of +107.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Belgium ($X) and Ukraine ($X) constituted the largest sunflower-seed or safflower oil, refined, but not chemically modified suppliers to France, together comprising 77% of total imports.

In terms of the main suppliers, Ukraine, with a CAGR of +105.9%, 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 average import price for sunflower-seed or safflower oil, refined, but not chemically modified stood at $X per ton in 2021, growing by 38% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the UK ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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