Report Update Nov 1, 2024

Ireland - Crude Sunflower-Seed and Safflower Oil - Market Analysis, Forecast, Size, Trends and Insights

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

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

For the third year in a row, the Irish market for crude sunflower-seed and safflower oil recorded growth in sales value, which increased by 10% to $X in 2022. Over the period under review, consumption showed a mild descent. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Exports of Crude Sunflower-Seed And Safflower Oil

Exports from Ireland

In 2022, shipments abroad of crude sunflower-seed and safflower oil decreased by 0% to X tons, falling for the fourth consecutive year after three years of growth. Overall, exports saw significant growth. The pace of growth was the most pronounced in 2014 when exports increased by 1,131%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, crude sunflower-seed and safflower oil exports totaled $X in 2022. In general, exports showed a significant expansion. The pace of growth appeared the most rapid in 2014 with an increase of 621%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

The UK (X tons) was the main destination for crude sunflower-seed and safflower oil exports from Ireland, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the UK amounted to +66.9%.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK amounted to +58.8%.

Export Prices by Country

In 2022, the average export price for crude sunflower-seed and safflower oil amounted to $X per ton, remaining constant against the previous year. Overall, the export price saw a noticeable slump. The pace of growth appeared the most rapid in 2019 when the average export price increased by 47%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the UK.

From 2012 to 2022, the rate of growth in terms of prices for the UK amounted to -4.9% per year.

Imports of Crude Sunflower-Seed And Safflower Oil

Imports into Ireland

In 2022, approx. X tons of crude sunflower-seed and safflower oil were imported into Ireland; leveling off at the previous year. In general, imports continue to indicate a noticeable downturn. The pace of growth was the most pronounced in 2017 with an increase of 79% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, crude sunflower-seed and safflower oil imports stood at $X in 2022. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by 53%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of crude sunflower-seed and safflower oil to Ireland, accounting for a 59% share of total imports. Moreover, crude sunflower-seed and safflower oil imports from the Netherlands exceeded the figures recorded by the second-largest supplier, the UK (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands amounted to +4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+0.5% per year) and Belgium (-12.6% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of crude sunflower-seed and safflower oil to Ireland, comprising 57% of total imports. The second position in the ranking was taken by the UK ($X), with a 23% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands amounted to +6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+2.7% per year) and Belgium (-12.1% per year).

Import Prices by Country

The average import price for crude sunflower-seed and safflower oil stood at $X per ton in 2022, almost unchanged from the previous year. Over the period under review, the import price saw a mild expansion. The most prominent rate of growth was recorded in 2016 an increase of 11%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for crude sunflower-seed and safflower oil in the world?

The countries with the highest volumes of crude sunflower-seed and safflower oil consumption in 2021 were Russia, Turkey and India, with a combined 37% share of global consumption. These countries were followed by China, Ukraine, Argentina, Spain, Italy, France, Iran, Hungary, Germany and Romania, which together accounted for a further 39%.

What are the largest producers of crude sunflower-seed and safflower oil in the world?

The countries with the highest volumes of crude sunflower-seed and safflower oil production in 2021 were Ukraine, Russia and Argentina, together comprising 63% of global production. These countries were followed by Turkey, Hungary, Bulgaria, Romania, France, Spain and Kazakhstan, which together accounted for a further 21%.

What are the leading suppliers of crude sunflower-seed and safflower oil to Ireland?

In value terms, the largest crude sunflower-seed and safflower oil importing markets into Ireland were India, China and Turkey, together comprising 45% of total imports.

What are the leading importers of crude sunflower-seed and safflower oil from Ireland?

In value terms, Ukraine remains the largest crude sunflower-seed and safflower oil supplier from Ireland, comprising 50% of global exports. The second position in the ranking was occupied by Russia, with a 22% share of global exports. It was followed by Bulgaria, with a 6.1% share.

What is the average export price for crude sunflower-seed and safflower oil in Ireland?

The export price for crude sunflower-seed and safflower oil in Ireland stood at $1,203 per ton in 2021, which is down by -31.3% against the previous year.

What is the average import price for crude sunflower-seed and safflower oil in Ireland?

In 2021, the import price for crude sunflower-seed and safflower oil in Ireland amounted to $1,457 per ton, rising by 15% against the previous year.

This report provides an in-depth analysis of the market for crude sunflower-seed and safflower oil in Ireland. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 268 - Oil of Sunflower Seed
FCL 281 - Oil of Safflower Seed

Country coverage:

Ireland

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ireland
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023