Northern America: Market for Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified 2025

Market Size for Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified in Northern America

The North American market for sunflower-seed or safflower oil, refined, but not chemically modified reached $X in 2021, approximately mirroring the previous year. The total consumption indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -0.8% against 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Production of Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified in Northern America

In value terms, production of sunflower-seed or safflower oil, refined, but not chemically modified expanded to $X in 2021 estimated in export price. The total production indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -1.8% against 2019 indices. The pace of growth appeared the most rapid in 2019 when the production volume increased by 32%. As a result, production reached the peak level of $X. From 2020 to 2021, production of growth remained at a lower figure.

Exports of Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified

Exports in Northern America

For the fourth consecutive year, Northern America recorded growth in overseas shipments of sunflower-seed or safflower oil, refined, but not chemically modified, which increased by 11% to X tons in 2021. Over the period under review, exports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of 26% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, exports of sunflower-seed or safflower oil, refined, but not chemically modified skyrocketed to $X in 2021. In general, exports posted prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States dominates modified structure, reaching X tons, which was near 97% of total exports in 2021. Canada (X tons) followed a long way behind the leaders.

Exports from the United States increased at an average annual rate of +8.2% from 2012 to 2021. At the same time, Canada (+21.9%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +21.9% from 2012-2021. From 2012 to 2021, the share of Canada increased by +2.3 percentage points.

In value terms, the United States ($X) remains the largest sunflower-seed or safflower oil, refined, but not chemically modified supplier in Northern America, comprising 96% of total exports. The second position in the ranking was held by Canada ($X), with a 3.5% share of total exports.

From 2012 to 2021, the average annual growth rate of value in the United States stood at +6.6%.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2021, increasing by 15% against the previous year. Overall, the export price, however, showed a mild decline. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was Canada ($X per ton), while the United States stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-1.4%).

Imports of Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified

Imports in Northern America

In 2021, after five years of growth, there was significant decline in overseas purchases of sunflower-seed or safflower oil, refined, but not chemically modified, when their volume decreased by -19.4% to X tons. Overall, imports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 100%. As a result, imports attained the peak of X tons, and then contracted notably in the following year.

In value terms, imports of sunflower-seed or safflower oil, refined, but not chemically modified totaled $X in 2021. Over the period under review, imports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of 80% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the near future.

Imports by Country

The United States was the largest importer of sunflower-seed or safflower oil, refined, but not chemically modified in Northern America, with the volume of imports accounting for X tons, which was near 65% of total imports in 2021. It was distantly followed by Canada (X tons), creating a 35% share of total imports.

From 2012 to 2021, the biggest increases were in Canada (with a CAGR of +9.8%).

In value terms, the United States ($X) and Canada ($X) were the countries with the highest levels of imports in 2021.

In terms of the main importing countries, Canada, with a CAGR of +9.3%, saw the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per ton, growing by 27% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 56% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, the country with the highest price was Canada ($X per ton), while the United States totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (-0.5%).

Source: IndexBox Platform

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