France: Market for Sunflower-Seed And Safflower Oil 2024

Market Size for Sunflower-Seed And Safflower Oil in France

The French sunflower-seed and safflower oil market skyrocketed to $X in 2022, surging by 29% against the previous year. Over the period under review, the total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +8.2% 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 +56.7% against 2020 indices. Sunflower-seed and safflower oil consumption peaked in 2022 and is likely to see gradual growth in the near future.

Production of Sunflower-Seed And Safflower Oil in France

In value terms, sunflower-seed and safflower oil production skyrocketed to $X in 2022 estimated in export price. In general, production, however, recorded a strong expansion. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Exports of Sunflower-Seed And Safflower Oil

Exports from France

For the third consecutive year, France recorded growth in overseas shipments of sunflower-seed and safflower oil, which increased by 20% to X tons in 2022. Overall, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 31%. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, sunflower-seed and safflower oil exports surged to $X in 2022. Over the period under review, exports recorded pronounced growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Belgium (X tons), the UK (X tons) and Spain (X tons) were the main destinations of sunflower-seed and safflower oil exports from France, with a combined 56% share of total exports. The United States, the Netherlands, Germany and Malaysia lagged somewhat behind, together comprising a further 37%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Malaysia (with a CAGR of +60.7%), while the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Belgium ($X) and Spain ($X) constituted the largest markets for sunflower-seed and safflower oil exported from France worldwide, together accounting for 53% of total exports. The United States, the Netherlands, Germany and Malaysia lagged somewhat behind, together comprising a further 38%.

In terms of the main countries of destination, Malaysia, with a CAGR of +58.3%, 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

The average sunflower-seed and safflower oil export price stood at $X per ton in 2022, surging by 29% against the previous year. Overall, export price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +2.1% 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 +90.6% against 2018 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Malaysia ($X per ton) and Germany ($X per ton), while the average price for exports to Belgium ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sunflower-Seed And Safflower Oil

Imports into France

In 2022, after two years of decline, there was significant growth in supplies from abroad of sunflower-seed and safflower oil, when their volume increased by 43% to X tons. In general, imports showed strong growth. The pace of growth appeared the most rapid in 2016 when imports increased by 91% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, sunflower-seed and safflower oil imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Ukraine (X tons) constituted the largest supplier of sunflower-seed and safflower oil to France, with a 40% share of total imports. Moreover, sunflower-seed and safflower oil imports from Ukraine exceeded the figures recorded by the second-largest supplier, Spain (X tons), twofold. The third position in this ranking was held by Belgium (X tons), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Ukraine stood at +2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+11.1% per year) and Belgium (+2.3% per year).

In value terms, Ukraine ($X), Spain ($X) and Belgium ($X) appeared to be the largest sunflower-seed and safflower oil suppliers to France, with a combined 63% share of total imports. Bulgaria, the Netherlands, Romania and Argentina lagged somewhat behind, together comprising a further 27%.

In terms of the main suppliers, Bulgaria, with a CAGR of +136.5%, saw the highest growth rate of 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

In 2022, the average sunflower-seed and safflower oil import price amounted to $X per ton, rising by 32% against the previous year. Overall, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +3.3% 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 +97.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 45%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see gradual 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 Romania ($X per ton), while the price for Argentina ($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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