Middle East: Market for Sunflower-Seed And Safflower Oil 2025

Market Size for Sunflower-Seed And Safflower Oil in the Middle East

The Middle Eastern sunflower-seed and safflower oil market expanded rapidly to $X in 2022, surging by 7.9% against the previous year. The market value increased at an average annual rate of +3.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2022 and is likely to continue growth in years to come.

Production of Sunflower-Seed And Safflower Oil in the Middle East

In value terms, sunflower-seed and safflower oil production shrank dramatically to $X in 2022 estimated in export price. Overall, production showed a buoyant increase. The most prominent rate of growth was recorded in 2021 when the production volume increased by 68% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Sunflower-Seed And Safflower Oil

Exports in the Middle East

In 2022, sunflower-seed and safflower oil exports in the Middle East surged to X tons, jumping by 62% compared with 2021 figures. Overall, exports recorded a buoyant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 71%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, sunflower-seed and safflower oil exports surged to $X in 2022. In general, exports continue to indicate buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey dominates exports structure, reaching X tons, which was near 94% of total exports in 2022. The following exporters - Oman (X tons) and Saudi Arabia (X tons) - each resulted at a 4.5% share of total exports.

Turkey was also the fastest-growing in terms of the sunflower-seed and safflower oil exports, with a CAGR of +14.9% from 2012 to 2022. Saudi Arabia experienced a relatively flat trend pattern. Oman (-4.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Turkey increased by +25 percentage points.

In value terms, Turkey ($X) remains the largest sunflower-seed and safflower oil supplier in the Middle East, comprising 95% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 1.9% share of total exports.

In Turkey, sunflower-seed and safflower oil exports increased at an average annual rate of +16.3% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Saudi Arabia (-2.8% per year) and Oman (-7.0% per year).

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, with an increase of 16% against the previous year. Export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sunflower-seed and safflower oil export price increased by +81.7% against 2019 indices. The pace of growth was the most pronounced in 2021 when the export price increased by 47%. Over the period under review, the export prices attained the maximum in 2022 and is likely to see steady growth in the near future.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+1.2%), while the other leaders experienced a decline in the export price figures.

Imports of Sunflower-Seed And Safflower Oil

Imports in the Middle East

After two years of decline, purchases abroad of sunflower-seed and safflower oil increased by 28% to X tons in 2022. The total import volume increased at an average annual rate of +4.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when imports increased by 46% against the previous year. The volume of import peaked in 2022 and is likely to see steady growth in years to come.

In value terms, sunflower-seed and safflower oil imports skyrocketed to $X in 2022. Total imports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +88.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 46%. The level of import peaked in 2022 and is likely to see gradual growth in the near future.

Imports by Country

Turkey was the key importing country with an import of about X tons, which reached 58% of total imports. Iraq (X tons) ranks second in terms of the total imports with a 19% share, followed by the United Arab Emirates (4.7%). The following importers - Syrian Arab Republic (X tons), Iran (X tons), Lebanon (X tons) and Oman (X tons) - together made up 13% of total imports.

Imports into Turkey increased at an average annual rate of +6.9% from 2012 to 2022. At the same time, Iraq (+8.0%), the United Arab Emirates (+7.0%), Oman (+2.6%) and Lebanon (+1.2%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +8.0% from 2012-2022. Syrian Arab Republic experienced a relatively flat trend pattern. By contrast, Iran (-11.8%) illustrated a downward trend over the same period. Turkey (+14 p.p.) and Iraq (+5.9 p.p.) significantly strengthened its position in terms of the total imports, while Syrian Arab Republic and Iran saw its share reduced by -2.3% and -15.4% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported sunflower-seed and safflower oil in the Middle East, comprising 65% of total imports. The second position in the ranking was held by Iraq ($X), with a 13% share of total imports. It was followed by the United Arab Emirates, with a 3.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey amounted to +8.4%. The remaining importing countries recorded the following average annual rates of imports growth: Iraq (+1.8% per year) and the United Arab Emirates (+6.3% per year).

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2022, remaining stable against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the import price increased by 61%. Over the period under review, import prices reached the maximum in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Turkey ($X per ton), while Iraq ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+1.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :