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

Market Size for Crude Sunflower-Seed And Safflower Oil in the Netherlands

After four years of growth, the Dutch market for crude sunflower-seed and safflower oil decreased by -50.9% to $X in 2022. Over the period under review, consumption showed a noticeable slump. Crude sunflower-seed and safflower oil consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Production of Crude Sunflower-Seed And Safflower Oil in the Netherlands

In value terms, crude sunflower-seed and safflower oil production expanded rapidly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a perceptible contraction. The growth pace was the most rapid in 2020 when the production volume increased by 27%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Exports of Crude Sunflower-Seed And Safflower Oil

Exports from the Netherlands

In 2022, shipments abroad of crude sunflower-seed and safflower oil decreased by -2.7% to X tons, falling for the second consecutive year after six years of growth. In general, exports, however, saw a prominent expansion. The pace of growth appeared the most rapid in 2016 when exports increased by 46%. Over the period under review, the exports reached the peak figure at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, crude sunflower-seed and safflower oil exports surged to $X in 2022. Overall, exports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 39%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X tons), Belgium (X tons) and India (X tons) were the main destinations of crude sunflower-seed and safflower oil exports from the Netherlands, together accounting for 75% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of +210.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for crude sunflower-seed and safflower oil exported from the Netherlands were Germany ($X), Belgium ($X) and the UK ($X), with a combined 73% share of total exports. India, Sweden, Spain, France and the United States lagged somewhat behind, together comprising a further 24%.

India, with a CAGR of +183.5%, recorded the highest growth rate of the value of exports, among 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 export price for crude sunflower-seed and safflower oil stood at $X per ton in 2022, rising by 25% against the previous year. In general, export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, crude sunflower-seed and safflower oil export price increased by +83.1% against 2018 indices. The pace of growth was the most pronounced in 2021 an increase of 32% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Sweden ($X per ton) and the UK ($X per ton), while the average price for exports to France ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Crude Sunflower-Seed And Safflower Oil

Imports into the Netherlands

In 2022, purchases abroad of crude sunflower-seed and safflower oil decreased by -36.8% to X tons, falling for the second consecutive year after two years of growth. In general, imports, however, enjoyed a slight increase. The most prominent rate of growth was recorded in 2019 with an increase of 112% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, crude sunflower-seed and safflower oil imports contracted notably to $X in 2022. Over the period under review, imports, however, showed a perceptible expansion. The pace of growth appeared the most rapid in 2019 when imports increased by 95% against the previous year. Imports peaked at $X in 2021, and then dropped notably in the following year.

Imports by Country

Ukraine (X tons), Hungary (X tons) and Russia (X tons) were the main suppliers of crude sunflower-seed and safflower oil imports to the Netherlands, with a combined 65% share of total imports. France, Bulgaria, Germany, Romania and Belgium lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Romania (with a CAGR of +35.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Ukraine ($X), Hungary ($X) and Bulgaria ($X) appeared to be the largest crude sunflower-seed and safflower oil suppliers to the Netherlands, with a combined 62% share of total imports. Russia, France, Germany, Romania and Belgium lagged somewhat behind, together accounting for a further 30%.

In terms of the main suppliers, Romania, with a CAGR of +16.7%, saw the highest growth rate of 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 2022, the average import price for crude sunflower-seed and safflower oil amounted to $X per ton, with an increase of 7.1% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 62%. The import price peaked in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Bulgaria ($X per ton), while the price for Romania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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