Netherlands: Market for Sunflower-Seed And Safflower Oil 2024

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

In 2022, after three years of growth, there was significant decline in the Dutch sunflower-seed and safflower oil market, when its value decreased by -53.9% to $X. In general, consumption saw a abrupt descent. 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 Sunflower-Seed And Safflower Oil in the Netherlands

In value terms, sunflower-seed and safflower oil production totaled $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by 2.9%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Exports of Sunflower-Seed And Safflower Oil

Exports from the Netherlands

In 2022, sunflower-seed and safflower oil exports from the Netherlands stood at X tons, standing approx. at 2021. Over the period under review, total exports indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -12.0% against 2020 indices. The most prominent rate of growth was recorded in 2016 when exports increased by 28% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, sunflower-seed and safflower oil exports skyrocketed to $X in 2022. In general, exports showed prominent growth. The pace of growth appeared the most rapid in 2020 when exports increased by 34%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Belgium (X tons), Germany (X tons) and India (X tons) were the main destinations of sunflower-seed and safflower oil exports from the Netherlands, with a combined 77% share 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 +269.4%), while the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Germany ($X) and the UK ($X) appeared to be the largest markets for sunflower-seed and safflower oil exported from the Netherlands worldwide, together comprising 77% of total exports. India, Sweden, Spain, the United States and France lagged somewhat behind, together accounting for a further 18%.

India, with a CAGR of +192.8%, saw the highest growth rate of 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

In 2022, the average sunflower-seed and safflower oil export price amounted to $X per ton, jumping by 25% against the previous year. Overall, export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.3% 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 +77.7% against 2018 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by 34% against the previous year. The export price peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+2.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sunflower-Seed And Safflower Oil

Imports into the Netherlands

In 2022, supplies from abroad of sunflower-seed and safflower oil decreased by -24.8% to X tons, falling for the second consecutive year after two years of growth. Overall, total imports indicated perceptible growth from 2012 to 2022: its volume increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -34.8% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 50% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, sunflower-seed and safflower oil imports declined to $X in 2022. Over the period under review, imports, however, enjoyed temperate growth. The most prominent rate of growth was recorded in 2020 when imports increased by 44%. Over the period under review, imports reached the maximum at $X in 2021, and then fell in the following year.

Imports by Country

Ukraine (X tons), Hungary (X tons) and Germany (X tons) were the main suppliers of sunflower-seed and safflower oil imports to the Netherlands, with a combined 56% share of total imports. Belgium, France, Russia and Bulgaria lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Russia (with a CAGR of +8.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Ukraine ($X), Hungary ($X) and Belgium ($X) were the largest sunflower-seed and safflower oil suppliers to the Netherlands, with a combined 53% share of total imports. Germany, France, Bulgaria and Russia lagged somewhat behind, together accounting for a further 34%.

In terms of the main suppliers, Bulgaria, with a CAGR of +16.1%, 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 2022, the average sunflower-seed and safflower oil import price amounted to $X per ton, rising by 15% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 56% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Hungary ($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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