France: Sunflower Oilcake Market 2024

Sunflower Oilcake Market Size in France

The French sunflower oilcake market expanded slightly to $X in 2021, with an increase of 4.5% against the previous year. In general, consumption recorded a slight shrinkage. Sunflower oilcake consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Sunflower Oilcake Production in France

In value terms, sunflower oilcake production expanded notably to $X in 2021 estimated in export price. Over the period under review, production, however, showed a perceptible curtailment. The growth pace was the most rapid in 2013 with an increase of 37% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Sunflower Oilcake Exports

Exports from France

In 2021, shipments abroad of sunflower oilcake decreased by -29% to X tons, falling for the third year in a row after two years of growth. In general, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2018 when exports increased by 72% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, sunflower oilcake exports declined to $X in 2021. Over the period under review, exports saw a abrupt decline. The pace of growth appeared the most rapid in 2018 with an increase of 62% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The UK (X tons), Ireland (X tons) and Switzerland (X tons) were the main destinations of sunflower oilcake exports from France, with a combined 94% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Switzerland (with a CAGR of +21.2%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for sunflower oilcake exported from France were the UK ($X), Ireland ($X) and Switzerland ($X), together comprising 92% of total exports.

Among the main countries of destination, Switzerland, with a CAGR of +22.8%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average sunflower oilcake export price amounted to $X per ton, growing by 32% against the previous year. Overall, export price indicated a noticeable expansion from 2012 to 2021: its price increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, sunflower oilcake export price increased by +46.1% against 2018 indices. The most prominent rate of growth was recorded in 2016 an increase of 41%. 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 stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Spain ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.

Sunflower Oilcake Imports

Imports into France

In 2021, approx. X tons of sunflower oilcake were imported into France; reducing by -27.4% on 2020 figures. Overall, imports showed a mild contraction. The pace of growth was the most pronounced in 2014 with an increase of 17%. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, sunflower oilcake imports shrank slightly to $X in 2021. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 24%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Ukraine (X tons) constituted the largest sunflower oilcake supplier to France, with a 52% share of total imports. Moreover, sunflower oilcake imports from Ukraine exceeded the figures recorded by the second-largest supplier, Argentina (X tons), fourfold. The third position in this ranking was taken by Belgium (X tons), with a 9% share.

From 2012 to 2021, the average annual growth rate of volume from Ukraine stood at -4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (+25.6% per year) and Belgium (+10.3% per year).

In value terms, Ukraine ($X) constituted the largest supplier of sunflower oilcake to France, comprising 51% of total imports. The second position in the ranking was held by Argentina ($X), with a 15% share of total imports. It was followed by Belgium, with an 8.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Ukraine stood at -3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (+28.2% per year) and Belgium (+11.0% per year).

Import Prices by Country

The average sunflower oilcake import price stood at $X per ton in 2021, jumping by 35% against the previous year. In general, import price indicated a modest increase from 2012 to 2021: its price increased at an average annual rate of +1.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, sunflower oilcake import price increased by +48.6% against 2018 indices. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the highest price was recorded for prices from the Netherlands ($X per ton) and Germany ($X per ton), while the price for Spain ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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