Germany: Market for Sunflower-Seed And Safflower Oil 2024

Market Size for Sunflower-Seed And Safflower Oil in Germany

The German sunflower-seed and safflower oil market skyrocketed to $X in 2022, rising by 32% against the previous year. In general, the total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.3% 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 +95.2% against 2016 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Sunflower-Seed And Safflower Oil in Germany

In value terms, sunflower-seed and safflower oil production rose slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when the production volume increased by 16%. Sunflower-seed and safflower oil production peaked in 2022 and is expected to retain growth in years to come.

Exports of Sunflower-Seed And Safflower Oil

Exports from Germany

For the third consecutive year, Germany recorded decline in overseas shipments of sunflower-seed and safflower oil, which decreased by -27.2% to X tons in 2022. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by 37% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, sunflower-seed and safflower oil exports fell to $X in 2022. Over the period under review, total exports indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +53.7% against 2015 indices. The most prominent rate of growth was recorded in 2019 with an increase of 28% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then dropped in the following year.

Exports by Country

The Netherlands (X tons) was the main destination for sunflower-seed and safflower oil exports from Germany, accounting for a 44% share of total exports. Moreover, sunflower-seed and safflower oil exports to the Netherlands exceeded the volume sent to the second major destination, Belgium (X tons), threefold. The third position in this ranking was taken by Denmark (X tons), with a 6.3% share.

From 2012 to 2022, the average annual growth rate of volume to the Netherlands was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-1.3% per year) and Denmark (+6.5% per year).

In value terms, the Netherlands ($X) remains the key foreign market for sunflower-seed and safflower oil exports from Germany, comprising 42% of total exports. The second position in the ranking was held by Belgium ($X), with a 13% share of total exports. It was followed by Poland, with a 6.1% share.

From 2012 to 2022, the average annual growth rate of value to the Netherlands amounted to +2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+1.0% per year) and Poland (+10.2% per year).

Export Prices by Country

The average sunflower-seed and safflower oil export price stood at $X per ton in 2022, picking up by 23% against the previous year. Overall, export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.6% 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 +69.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 28% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see steady growth in years to come.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the UK ($X per ton) and France ($X per ton), while the average price for exports to Sweden ($X per ton) and Denmark ($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 the UK (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sunflower-Seed And Safflower Oil

Imports into Germany

In 2022, overseas purchases of sunflower-seed and safflower oil decreased by -1.2% to X tons, falling for the third year in a row after four years of growth. In general, total imports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -8.8% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of 31% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, sunflower-seed and safflower oil imports soared to $X in 2022. Over the period under review, imports, however, continue to indicate resilient growth. The pace of growth was the most pronounced in 2021 with an increase of 34%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

Hungary (X tons), Ukraine (X tons) and the Netherlands (X tons) were the main suppliers of sunflower-seed and safflower oil imports to Germany, with a combined 66% share of total imports. France, Belgium, Austria, Bulgaria and Italy lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2022, the biggest increases were recorded for Bulgaria (with a CAGR of +36.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest sunflower-seed and safflower oil suppliers to Germany were Hungary ($X), Ukraine ($X) and the Netherlands ($X), together comprising 61% of total imports. France, Austria, Bulgaria, Belgium and Italy lagged somewhat behind, together accounting for a further 27%.

Among the main suppliers, Bulgaria, with a CAGR of +46.2%, 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 sunflower-seed and safflower oil import price stood at $X per ton in 2022, with an increase of 29% against the previous year. Overall, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.6% 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 +88.8% against 2019 indices. The growth pace was the most rapid in 2021 when the average import price increased by 41% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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