Lebanon: Market for Sunflower-Seed And Safflower Oil 2019

Market Size for Sunflower-Seed And Safflower Oil in Lebanon

The revenue of the sunflower-seed and safflower oil market in Lebanon amounted to $X in 2018, rising by X% against the previous year. In general, sunflower-seed and safflower oil consumption continues to indicate a remarkable expansion. The growth pace was the most rapid in 2012 when the market value increased by X% against the previous year. Over the period under review, the sunflower-seed and safflower oil market attained its maximum level in 2018 and is expected to retain its growth in the immediate term.

Production of Sunflower-Seed And Safflower Oil in Lebanon

In value terms, sunflower-seed and safflower oil production stood at $X in 2018 estimated in export prices. In general, sunflower-seed and safflower oil production continues to indicate a skyrocketing expansion. The most prominent rate of growth was recorded in 2013 when production volume increased by X% against the previous year. Lebanon sunflower-seed and safflower oil production peaked in 2018 and is expected to retain its growth in the near future.

Exports of Sunflower-Seed And Safflower Oil

Exports from Lebanon

Sunflower-seed and safflower oil exports from Lebanon totaled X tons in 2018, shrinking by -X% against the previous year. In general, sunflower-seed and safflower oil exports continue to indicate an abrupt reduction. The pace of growth appeared the most rapid in 2016 with an increase of X% y-o-y. Over the period under review, sunflower-seed and safflower oil exports reached their maximum at X tons in 2012; however, from 2013 to 2018, exports remained at a lower figure.

In value terms, sunflower-seed and safflower oil exports amounted to $X in 2018. In general, sunflower-seed and safflower oil exports continue to indicate a drastic reduction. The pace of growth was the most pronounced in 2009 when exports increased by X% against the previous year. Lebanon exports peaked at $X in 2012; however, from 2013 to 2018, exports failed to regain their momentum.

Exports by Country

Ukraine was the largest exporting country with an export of around X tons, which finished at X% of total exports. Russia (X tons) ranks second in terms of the total exports with a X% share, followed by Argentina (X%), the Netherlands (X%) and Hungary (X%). France (X tons), Turkey (X tons), Bulgaria (X tons), Spain (X tons) and Romania (X tons) followed a long way behind the leaders.

Exports from Ukraine increased at an average annual rate of +X% from 2007 to 2018. At the same time, Turkey (+X%), Bulgaria (+X%), Spain (+X%), Romania (+X%), Hungary (+X%), Russia (+X%), France (+X%) and the Netherlands (+X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Argentina experienced a relatively flat trend pattern. Ukraine (+X p.p.), Russia (+X p.p.), Turkey (+X p.p.), Hungary (+X p.p.), Bulgaria (+X p.p.), Spain (+X p.p.) and the Netherlands (+X p.p.) significantly strengthened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ukraine ($X) remains the largest sunflower-seed and safflower oil supplier from Lebanon, comprising X% of global exports. The second position in the ranking was occupied by Russia ($X), with a X% share of global exports. It was followed by Argentina, with a X% share.

In Ukraine, sunflower-seed and safflower oil exports increased at an average annual rate of +X% over the period from 2007-2018. The remaining exporting countries recorded the following average annual rates of exports growth: Russia (+X% per year) and Argentina (+X% per year).

Export Prices by Country

The sunflower-seed and safflower oil export price in Lebanon stood at $X per ton in 2018, shrinking by -X% against the previous year. Over the period under review, the export price indicated a resilient expansion from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, sunflower-seed and safflower oil export price decreased by -X% against 2015 indices. The most prominent rate of growth was recorded in 2008 when the export price increased by X% y-o-y. Lebanon export price peaked at $X per ton in 2015; however, from 2016 to 2018, export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2018, major exporting countries recorded the following prices: in Turkey ($X per ton) and Spain ($X per ton), while Ukraine ($X per ton) and Argentina ($X per ton) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Russia, while the other leaders experienced mixed trends in the export price figures.

Imports of Sunflower-Seed And Safflower Oil

Imports into Lebanon

In 2018, the sunflower-seed and safflower oil imports into Lebanon totaled X tons, picking up by X% against the previous year. In general, sunflower-seed and safflower oil imports continue to indicate remarkable growth. The most prominent rate of growth was recorded in 2012 when imports increased by X% year-to-year. Lebanon imports peaked in 2018 and are expected to retain its growth in the near future.

In value terms, sunflower-seed and safflower oil imports amounted to $X in 2018. Overall, sunflower-seed and safflower oil imports continue to indicate a remarkable expansion. The most prominent rate of growth was recorded in 2012 with an increase of X% against the previous year. Lebanon imports peaked in 2018 and are likely to see steady growth in the near future.

Imports by Country

India was the main importer of sunflower-seed and safflower oil in the world, with the volume of imports accounting for X tons, which was approx. X% of total imports in 2018. Italy (X tons) ranks second in terms of the total imports with a X% share, followed by Turkey (X%), Spain (X%) and the Netherlands (X%). Iraq (X tons), Iran (X tons), Belgium (X tons), Germany (X tons), the UK (X tons), Egypt (X tons) and France (X tons) followed a long way behind the leaders.

India was also the fastest-growing in terms of the sunflower-seed and safflower oil imports, with a CAGR of +X% from 2007 to 2018. At the same time, Turkey (+X%), Italy (+X%), Iraq (+X%), Iran (+X%), Egypt (+X%), Spain (+X%), the Netherlands (+X%), Belgium (+X%), Germany (+X%) and the UK (+X%) displayed positive paces of growth. France experienced a relatively flat trend pattern. While the share of India (+X p.p.), Turkey (+X p.p.), Italy (+X p.p.), Iraq (+X p.p.), Iran (+X p.p.), Spain (+X p.p.), the Netherlands (+X p.p.) and Egypt (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported sunflower-seed and safflower oil into Lebanon, comprising X% of global imports. The second position in the ranking was occupied by Italy ($X), with a X% share of global imports. It was followed by the Netherlands, with a X% share.

In India, sunflower-seed and safflower oil imports increased at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Italy (+X% per year) and the Netherlands (+X% per year).

Import Prices by Country

In 2018, the sunflower-seed and safflower oil import price in Lebanon amounted to $X per ton, waning by -X% against the previous year. In general, the sunflower-seed and safflower oil import price continues to indicate a measured setback. The most prominent rate of growth was recorded in 2008 when the import price increased by X% year-to-year. In that year, the import prices for sunflower-seed and safflower oil reached their peak level of $X per ton. From 2009 to 2018, the growth in terms of the import prices for sunflower-seed and safflower oil remained at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2018, major importing countries recorded the following prices: in Germany ($X per ton) and Belgium ($X per ton), while Iran ($X per ton) and Turkey ($X per ton) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by India, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform