Indonesia: Sunflower Oilcake Market 2024

Sunflower Oilcake Market Size in Indonesia

The Indonesian sunflower oilcake market reached $X in 2021, surging by 10% against the previous year. The market value increased at an average annual rate of +2.0% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Sunflower Oilcake Production in Indonesia

In value terms, sunflower oilcake production expanded significantly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.9% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when the production volume increased by 33%. Sunflower oilcake production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Sunflower Oilcake Exports

Exports from Indonesia

In 2021, shipments abroad of sunflower oilcake increased by 388% to X tons, rising for the second year in a row after five years of decline. Over the period under review, exports, however, recorded a deep contraction. The pace of growth was the most pronounced in 2014 with an increase of 1,238%. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, sunflower oilcake exports surged to $X in 2021. In general, exports, however, recorded a slight shrinkage. The most prominent rate of growth was recorded in 2014 when exports increased by 1,315% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Brunei Darussalam (X tons) was the main destination for sunflower oilcake exports from Indonesia, accounting for a 70% share of total exports. Moreover, sunflower oilcake exports to Brunei Darussalam exceeded the volume sent to the second major destination, Malaysia (X tons), twofold.

From 2012 to 2021, the average annual growth rate of volume to Brunei Darussalam was relatively modest.

In value terms, Brunei Darussalam ($X) emerged as the key foreign market for sunflower oilcake exports from Indonesia, comprising 74% of total exports. The second position in the ranking was held by Malaysia ($X), with a 13% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Brunei Darussalam was relatively modest.

Export Prices by Country

The average sunflower oilcake export price stood at $X per ton in 2021, picking up by 35% against the previous year. Over the period under review, the export price posted a prominent expansion. The growth pace was the most rapid in 2019 an increase of 172% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Brunei Darussalam ($X per ton), while the average price for exports to Malaysia stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (-3.3%).

Sunflower Oilcake Imports

Imports into Indonesia

In 2021, supplies from abroad of sunflower oilcake decreased by -86% to X tons, falling for the second year in a row after three years of growth. In general, imports, however, saw measured growth. The pace of growth was the most pronounced in 2015 when imports increased by 854%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, sunflower oilcake imports contracted dramatically to $X in 2021. Overall, imports, however, continue to indicate a tangible expansion. The pace of growth appeared the most rapid in 2015 with an increase of 740%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Ukraine (X tons) was the main supplier of sunflower oilcake to Indonesia, accounting for a 94% share of total imports. Moreover, sunflower oilcake imports from Ukraine exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Ukraine totaled +25.3%.

In value terms, Ukraine ($X) constituted the largest supplier of sunflower oilcake to Indonesia, comprising 91% of total imports. The second position in the ranking was held by the United States ($X), with a 4.4% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Ukraine amounted to +32.8%.

Import Prices by Country

The average sunflower oilcake import price stood at $X per ton in 2021, picking up by 8.1% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 47%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was Ukraine ($X per ton), while the price for the United States amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ukraine (+6.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :