South-Eastern Asia: Sunflower Oilcake Market 2025

Sunflower Oilcake Market Size in South-Eastern Asia

After two years of decline, the Southeast Asian sunflower oilcake market increased by 3.4% to $X in 2021. The market value increased at an average annual rate of +2.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Sunflower Oilcake Production in South-Eastern Asia

In value terms, sunflower oilcake production totaled $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.6% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 when the production volume increased by 35% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Sunflower Oilcake Exports

Exports in South-Eastern Asia

In 2021, sunflower oilcake exports in South-Eastern Asia skyrocketed to X tons, growing by 200% compared with 2020 figures. In general, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, sunflower oilcake exports skyrocketed to $X in 2021. Over the period under review, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Thailand prevails in exports structure, amounting to X tons, which was approx. 91% of total exports in 2021. It was distantly followed by Malaysia (X tons), comprising a 5.7% share of total exports. Myanmar (X tons) followed a long way behind the leaders.

Thailand was also the fastest-growing in terms of the sunflower oilcake exports, with a CAGR of +60.8% from 2012 to 2021. At the same time, Malaysia (+11.2%) displayed positive paces of growth. By contrast, Myanmar (-8.5%) illustrated a downward trend over the same period. While the share of Thailand (+79 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Malaysia (-15.1 p.p.) and Myanmar (-41.6 p.p.) displayed negative dynamics.

In value terms, Thailand ($X) emerged as the largest sunflower oilcake supplier in South-Eastern Asia, comprising 93% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 4.8% share of total exports.

In Thailand, sunflower oilcake exports expanded at an average annual rate of +54.4% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (+16.0% per year) and Myanmar (-7.1% per year).

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, picking up by 17% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.9%. The most prominent rate of growth was recorded in 2018 when the export price increased by 33%. The level of export peaked in 2021 and is likely to see steady growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was Thailand ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+4.3%), while the other leaders experienced mixed trends in the export price figures.

Sunflower Oilcake Imports

Imports in South-Eastern Asia

In 2021, purchases abroad of sunflower oilcake decreased by -29.6% to X tons, falling for the second consecutive year after six years of growth. Overall, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 222% against the previous year. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, sunflower oilcake imports shrank to $X in 2021. Over the period under review, imports, however, saw a significant increase. The growth pace was the most rapid in 2016 with an increase of 187%. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

Vietnam (X tons), Malaysia (X tons) and Thailand (X tons) represented roughly 90% of total imports in 2021. It was distantly followed by Myanmar (X tons), constituting a 7.6% share of total imports. Lao People's Democratic Republic (X tons) took a little share of total imports.

From 2012 to 2021, the biggest increases were recorded for Lao People's Democratic Republic (with a CAGR of +134.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Thailand ($X) and Malaysia ($X) were the countries with the highest levels of imports in 2021, together comprising 90% of total imports. These countries were followed by Myanmar and Lao People's Democratic Republic, which together accounted for a further 9.5%.

In terms of the main importing countries, Lao People's Democratic Republic, with a CAGR of +196.9%, 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

The import price in South-Eastern Asia stood at $X per ton in 2021, rising by 28% against the previous year. Over the last nine years, it increased at an average annual rate of +2.2%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Lao People's Democratic Republic ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lao People's Democratic Republic (+26.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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