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

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

The German market for crude sunflower-seed and safflower oil dropped modestly to $X in 2022, with a decrease of -1.6% against the previous year. Overall, the total consumption indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +4.4% 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 +65.5% against 2016 indices. As a result, consumption attained the peak level of $X, and then shrank modestly in the following year.

Production of Crude Sunflower-Seed And Safflower Oil in Germany

In value terms, crude sunflower-seed and safflower oil production surged to $X in 2022 estimated in export price. In general, production, however, posted prominent growth. 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 Germany

In 2022, after two years of decline, there was significant growth in overseas shipments of crude sunflower-seed and safflower oil, when their volume increased by 55% to X tons. In general, exports, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2019 with an increase of 138%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, crude sunflower-seed and safflower oil exports soared to $X in 2022. Over the period under review, exports, however, showed a deep contraction. The pace of growth was the most pronounced in 2019 when exports increased by 100%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for crude sunflower-seed and safflower oil exports from Germany, with a 55% share of total exports. Moreover, crude sunflower-seed and safflower oil exports to the Netherlands exceeded the volume sent to the second major destination, Switzerland (X tons), threefold. The third position in this ranking was taken by Sweden (X tons), with a 9.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands stood at -10.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+33.2% per year) and Sweden (+15.8% per year).

In value terms, the Netherlands ($X) emerged as the key foreign market for crude sunflower-seed and safflower oil exports from Germany, comprising 55% of total exports. The second position in the ranking was held by Switzerland ($X), with a 13% share of total exports. It was followed by Sweden, with a 7.9% share.

From 2012 to 2022, the average annual growth rate of value to the Netherlands stood at -7.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+27.8% per year) and Sweden (+17.4% per year).

Export Prices by Country

The average export price for crude sunflower-seed and safflower oil stood at $X per ton in 2022, increasing by 21% against the previous year. Over the period under review, export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.9% 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 +87.8% against 2019 indices. The growth pace was the most rapid in 2020 an increase of 25%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Switzerland ($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 Belgium (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Crude Sunflower-Seed And Safflower Oil

Imports into Germany

In 2022, purchases abroad of crude sunflower-seed and safflower oil decreased by -13% to X tons, falling for the third consecutive year after four years of growth. Overall, imports, however, recorded strong growth. The most prominent rate of growth was recorded in 2014 with an increase of 40%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, crude sunflower-seed and safflower oil imports rose sharply to $X in 2022. In general, imports, however, posted a prominent expansion. The pace of growth was the most pronounced in 2021 with an increase of 45%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

Hungary (X tons), Ukraine (X tons) and the Netherlands (X tons) were the main suppliers of crude sunflower-seed and safflower oil imports to Germany, with a combined 79% share of total imports. France, Bulgaria, Austria, the Czech Republic and Argentina lagged somewhat behind, together comprising a further 17%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bulgaria (with a CAGR of +30.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest crude sunflower-seed and safflower oil suppliers to Germany were Hungary ($X), Ukraine ($X) and the Netherlands ($X), together comprising 75% of total imports. France, Bulgaria, Austria, the Czech Republic and Argentina lagged somewhat behind, together comprising a further 20%.

Bulgaria, with a CAGR of +37.7%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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 crude sunflower-seed and safflower oil stood at $X per ton in 2022, jumping by 21% against the previous year. In general, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.1% 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 +82.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 47%. The import price peaked in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Argentina ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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