Italy: Sunflower Oilcake Market 2024

Sunflower Oilcake Market Size in Italy

The Italian sunflower oilcake market skyrocketed to $X in 2021, picking up by 16% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Sunflower oilcake consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Sunflower Oilcake Production in Italy

In value terms, sunflower oilcake production contracted to $X in 2021 estimated in export price. Over the period under review, the total production indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -7.9% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 40%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Sunflower Oilcake Exports

Exports from Italy

In 2021, sunflower oilcake exports from Italy fell to X tons, reducing by -13.6% compared with the year before. Over the period under review, exports showed a pronounced curtailment. The most prominent rate of growth was recorded in 2015 with an increase of 62%. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, sunflower oilcake exports rose slightly to $X in 2021. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 16% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Denmark (X tons), Austria (X tons) and Germany (X tons) were the main destinations of sunflower oilcake exports from Italy, together accounting for 62% of total exports. These countries were followed by Sweden, Switzerland, France, the Netherlands, the UK and Romania, which together accounted for a further 34%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +94.5%), while the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), Austria ($X) and Germany ($X) appeared to be the largest markets for sunflower oilcake exported from Italy worldwide, with a combined 65% share of total exports. Sweden, Switzerland, France, the Netherlands, the UK and Romania lagged somewhat behind, together accounting for a further 33%.

The Netherlands, with a CAGR of +109.2%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average sunflower oilcake export price stood at $X per ton in 2021, jumping by 20% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2014 an increase of 38% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2021, the countries with the highest prices were Denmark ($X per ton) and France ($X per ton), while the average price for exports to Switzerland ($X per ton) and Austria ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.

Sunflower Oilcake Imports

Imports into Italy

After two years of decline, purchases abroad of sunflower oilcake increased by 1.9% to X tons in 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by 17% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, sunflower oilcake imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.6% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Russia (X tons), Hungary (X tons) and Ukraine (X tons) were the main suppliers of sunflower oilcake imports to Italy, with a combined 73% share of total imports. Slovenia, Argentina, Romania and Bulgaria lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Argentina (with a CAGR of +58.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Hungary ($X) and Ukraine ($X) constituted the largest sunflower oilcake suppliers to Italy, together comprising 73% of total imports. Slovenia, Argentina, Romania and Bulgaria lagged somewhat behind, together comprising a further 23%.

Argentina, with a CAGR of +44.5%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average sunflower oilcake import price stood at $X per ton in 2021, surging by 35% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.5%. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, the highest price was recorded for prices from Russia ($X per ton) and Ukraine ($X per ton), while the price for Hungary ($X per ton) and Argentina ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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