Israel: Market for Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified 2025

Market Size for Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified in Israel

The Israeli market for sunflower-seed or safflower oil, refined, but not chemically modified dropped rapidly to $X in 2021, which is down by -22.8% against the previous year. In general, consumption, however, recorded buoyant growth. Over the period under review, the market hit record highs at $X in 2020, and then shrank sharply in the following year.

Production of Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified in Israel

In value terms, production of sunflower-seed or safflower oil, refined, but not chemically modified fell markedly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a prominent expansion. The pace of growth appeared the most rapid in 2013 with an increase of 294%. Production of peaked at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Exports of Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified

Exports from Israel

In 2021, shipments abroad of sunflower-seed or safflower oil, refined, but not chemically modified was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. In general, exports, however, saw a deep downturn. The pace of growth appeared the most rapid in 2016 with an increase of 224%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, exports of sunflower-seed or safflower oil, refined, but not chemically modified soared to $X in 2021. Over the period under review, exports, however, recorded a abrupt decrease. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Palestine (X tons) was the main destination for exports of sunflower-seed or safflower oil, refined, but not chemically modified from Israel, accounting for a 95% share of total exports. It was followed by Thailand (X kg), with a 3% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Palestine totaled -16.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (-4.7% per year) and Canada (+102.5% per year).

In value terms, Palestine ($X) remains the key foreign market for sunflower-seed or safflower oil, refined, but not chemically modified exports from Israel, comprising 91% of total exports. The second position in the ranking was taken by Thailand ($X), with a 5.1% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Palestine amounted to -18.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+1.4% per year) and Canada (+125.0% per year).

Export Prices by Country

The average export price for sunflower-seed or safflower oil, refined, but not chemically modified stood at $X per ton in 2021, picking up by 44% against the previous year. In general, the export price, however, saw a mild reduction. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Thailand ($X per ton), while the average price for exports to Palestine ($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 Canada (+11.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified

Imports into Israel

In 2021, imports of sunflower-seed or safflower oil, refined, but not chemically modified into Israel soared to X tons, picking up by 22% against the year before. In general, imports posted a resilient increase. The pace of growth was the most pronounced in 2017 with an increase of 66% against the previous year. Over the period under review, imports of attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, imports of sunflower-seed or safflower oil, refined, but not chemically modified soared to $X in 2021. Overall, imports recorded strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Ukraine (X tons), Russia (X tons) and Turkey (X tons) were the main suppliers of imports of sunflower-seed or safflower oil, refined, but not chemically modified to Israel, with a combined 75% share of total imports. Spain, Romania and Greece lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Greece (with a CAGR of +801.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest sunflower-seed or safflower oil, refined, but not chemically modified suppliers to Israel were Ukraine ($X), Russia ($X) and Turkey ($X), together comprising 75% of total imports. Spain, Romania and Greece lagged somewhat behind, together comprising a further 22%.

In terms of the main suppliers, Greece, with a CAGR of +1,136.9%, 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 import price for sunflower-seed or safflower oil, refined, but not chemically modified amounted to $X per ton, rising by 37% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.6%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were Romania ($X per ton) and Russia ($X per ton), while the price for Spain ($X per ton) and Turkey ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Greece (+37.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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