Report Update Nov 1, 2024

Singapore - Sunflower Oilcake - Market Analysis, Forecast, Size, Trends and Insights

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Singapore: Sunflower Oilcake Market 2024

Sunflower Oilcake Market Size in Singapore

After nine years of growth, the Singaporean sunflower oilcake market decreased by -20.7% to $X in 2021. Overall, consumption, however, saw a remarkable increase. As a result, consumption attained the peak level of $X, and then contracted dramatically in the following year.

Sunflower Oilcake Production in Singapore

In value terms, sunflower oilcake production dropped notably to $X in 2021 estimated in export price. Over the period under review, production, however, showed a prominent increase. The pace of growth appeared the most rapid in 2020 with an increase of 71% against the previous year. As a result, production attained the peak level of $X, and then contracted significantly in the following year.

Sunflower Oilcake Exports

Exports from Singapore

In 2021, exports of sunflower oilcake from Singapore contracted rapidly to X tons, with a decrease of -21.8% on the previous year. Over the period under review, exports, however, posted a strong increase. The most prominent rate of growth was recorded in 2020 when exports increased by 436% against the previous year. As a result, the exports reached the peak of X tons, and then reduced sharply in the following year.

In value terms, sunflower oilcake exports dropped remarkably to $X in 2021. Overall, exports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of 457% against the previous year. As a result, the exports reached the peak of $X, and then dropped significantly in the following year.

Exports by Country

Brunei Darussalam (X tons) was the main destination for sunflower oilcake exports from Singapore, with a 66% share of total exports. Moreover, sunflower oilcake exports to Brunei Darussalam exceeded the volume sent to the second major destination, Indonesia (X tons), twofold.

From 2012 to 2021, the average annual growth rate of volume to Brunei Darussalam amounted to +45.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-3.8% per year) and the Philippines (0.0% per year).

In value terms, Brunei Darussalam ($X) emerged as the key foreign market for sunflower oilcake exports from Singapore, comprising 73% of total exports. The second position in the ranking was taken by Indonesia ($X), with a 24% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Brunei Darussalam stood at +57.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-6.7% per year) and the Philippines (0.0% per year).

Export Prices by Country

The average sunflower oilcake export price stood at $X per ton in 2021, which is down by -35% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 10%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2020, and then dropped sharply in the following year.

Average prices varied somewhat for the major overseas markets. In 2021, the country with the highest price was Brunei Darussalam ($X per ton), while the average price for exports to the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+7.9%), while the prices for the other major destinations experienced mixed trend patterns.

Sunflower Oilcake Imports

Imports into Singapore

In 2021, supplies from abroad of sunflower oilcake decreased by -26.9% to X tons, falling for the fourth year in a row after two years of growth. In general, imports continue to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2014 when imports increased by 170%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, sunflower oilcake imports dropped sharply to $X in 2021. Overall, imports showed a deep slump. The most prominent rate of growth was recorded in 2013 with an increase of 70%. Imports peaked at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Ukraine (X tons) was the main sunflower oilcake supplier to Singapore, with a approx. 99% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Ukraine stood at -3.5%.

In value terms, Ukraine ($X) constituted the largest supplier of sunflower oilcake to Singapore.

From 2012 to 2021, the average annual rate of growth in terms of value from Ukraine totaled -6.8%.

Import Prices by Country

In 2021, the average sunflower oilcake import price amounted to $X per ton, increasing by 13% against the previous year. In general, the import price, however, saw a pronounced decrease. The most prominent rate of growth was recorded in 2018 when the average import price increased by 41%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Ukraine.

From 2012 to 2021, the rate of growth in terms of prices for Ukraine amounted to -3.4% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sunflower oilcake in the world?

China constituted the country with the largest volume of sunflower oilcake consumption, accounting for 19% of total volume. Moreover, sunflower oilcake consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The third position in this ranking was occupied by the United States, with a 5.6% share.

What are the largest producers of sunflower oilcake in the world?

The country with the largest volume of sunflower oilcake production was China, accounting for 17% of total volume. Moreover, sunflower oilcake production in China exceeded the figures recorded by the second-largest producer, India, twofold. The third position in this ranking was occupied by Ukraine, with a 6.5% share.

What are the leading suppliers of sunflower oilcake to Singapore?

In value terms, Germany constituted the largest supplier of sunflower oilcake to Singapore, comprising 84% of total imports. The second position in the ranking was occupied by India $463), with a 14% share of total imports.

What are the leading importers of sunflower oilcake from Singapore?

In value terms, the largest markets for sunflower oilcake exported from Singapore were Indonesia, Malaysia and Bangladesh $695).

What is the average export price for sunflower oilcake in Singapore?

The average sunflower oilcake export price stood at $9,418 per ton in 2020, leveling off at the previous year.

What is the average import price for sunflower oilcake in Singapore?

The average sunflower oilcake import price stood at $6,834 per ton in 2020, picking up by 2,567% against the previous year.

This report provides an in-depth analysis of the sunflower oilcake market in Singapore. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10414150 - Oilcake and other solid residues resulting from the extraction of sunflower seed fats or oils

Country coverage:

Singapore

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Singapore
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023