Germany: Sunflower Oilcake Market 2024

Sunflower Oilcake Market Size in Germany

The German sunflower oilcake market reached $X in 2021, standing approx. at the previous year. Over the period under review, the total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +62.9% against 2016 indices. Sunflower oilcake consumption peaked in 2021 and is expected to retain growth in years to come.

Sunflower Oilcake Production in Germany

In value terms, sunflower oilcake production dropped to $X in 2021 estimated in export price. Overall, production saw a pronounced decline. The most prominent rate of growth was recorded in 2017 with an increase of 37% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Sunflower Oilcake Exports

Exports from Germany

In 2021, the amount of sunflower oilcake exported from Germany shrank to X tons, with a decrease of -14.5% compared with the previous year's figure. In general, exports saw a perceptible descent. The pace of growth was the most pronounced in 2018 when exports increased by 153% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, sunflower oilcake exports soared to $X in 2021. Overall, exports, however, posted notable growth. The pace of growth was the most pronounced in 2018 when exports increased by 186% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

The Netherlands (X tons), Norway (X tons) and Denmark (X tons) were the main destinations of sunflower oilcake exports from Germany, together comprising 83% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Norway (with a CAGR of +45.5%), while the other leaders experienced more modest paces of growth.

In value terms, Norway ($X) remains the key foreign market for sunflower oilcake exports from Germany, comprising 49% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 23% share of total exports. It was followed by Denmark, with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Norway totaled +48.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-6.0% per year) and Denmark (-1.1% per year).

Export Prices by Country

In 2021, the average sunflower oilcake export price amounted to $X per ton, increasing by 40% against the previous year. In general, export price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +6.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, sunflower oilcake export price increased by +100.8% against 2017 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Switzerland ($X per ton), while the average price for exports to the Netherlands ($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 the UK (+12.2%), while the prices for the other major destinations experienced more modest paces of growth.

Sunflower Oilcake Imports

Imports into Germany

In 2021, after two years of growth, there was significant decline in supplies from abroad of sunflower oilcake, when their volume decreased by -15.2% to X tons. Overall, total imports indicated a noticeable expansion from 2012 to 2021: its volume increased at an average annual rate of +2.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 44%. Over the period under review, imports hit record highs at X tons in 2020, and then declined dramatically in the following year.

In value terms, sunflower oilcake imports totaled $X in 2021. In general, total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +84.5% against 2016 indices. The pace of growth was the most pronounced in 2017 with an increase of 34%. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

Russia (X tons), Hungary (X tons) and the Netherlands (X tons) were the main suppliers of sunflower oilcake imports to Germany, together accounting for 73% of total imports. The Czech Republic, Denmark, Ukraine, Bulgaria, Romania, Poland and Lithuania lagged somewhat behind, together comprising a further 23%.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +18.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Hungary ($X) and the Netherlands ($X) constituted the largest sunflower oilcake suppliers to Germany, together accounting for 74% of total imports. These countries were followed by the Czech Republic, Denmark, Ukraine, Bulgaria, Romania, Lithuania and Poland, which together accounted for a further 22%.

Among the main suppliers, Bulgaria, with a CAGR of +27.4%, saw 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

In 2021, the average sunflower oilcake import price amounted to $X per ton, jumping by 29% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.4%. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Lithuania ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lithuania (+13.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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