Southern Asia: 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 Southern Asia

In 2021, after three years of growth, there was significant decline in the South Asian market for sunflower-seed or safflower oil, refined, but not chemically modified, when its value decreased by -5.5% to $X. The total consumption indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +47.4% against 2014 indices. Over the period under review, the market reached the maximum level at $X in 2020, and then fell in the following year.

Production of Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified in Southern Asia

In value terms, production of sunflower-seed or safflower oil, refined, but not chemically modified dropped to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 when the production volume increased by 14% against the previous year. Over the period under review, production of hit record highs at $X in 2020, and then reduced in the following year.

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

Exports in Southern Asia

Exports of sunflower-seed or safflower oil, refined, but not chemically modified reduced dramatically to X tons in 2021, falling by -48.8% compared with 2020 figures. Over the period under review, exports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2020 when exports increased by 102% against the previous year. As a result, the exports reached the peak of X tons, and then reduced rapidly in the following year.

In value terms, exports of sunflower-seed or safflower oil, refined, but not chemically modified reduced sharply to $X in 2021. Overall, exports, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2020 when exports increased by 92%. As a result, the exports reached the peak of $X, and then shrank remarkably in the following year.

Exports by Country

In 2021, India (X tons) was the main exporter of sunflower-seed or safflower oil, refined, but not chemically modified in Southern Asia, mixing up 98% of total export.

India was also the fastest-growing in terms of the sunflower-seed or safflower oil, refined, but not chemically modified exports, with a CAGR of +11.5% from 2012 to 2021. While the share of India (-1.7 p.p.) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest sunflower-seed or safflower oil, refined, but not chemically modified supplier in Southern Asia.

In India, exports of sunflower-seed or safflower oil, refined, but not chemically modified expanded at an average annual rate of +10.6% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per ton, rising by 41% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2021, the rate of growth in terms of prices for India amounted to -0.8% per year.

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

Imports in Southern Asia

In 2021, imports of sunflower-seed or safflower oil, refined, but not chemically modified in Southern Asia dropped notably to X tons, with a decrease of -38.6% against 2020. In general, imports, however, enjoyed strong growth. The growth pace was the most rapid in 2020 with an increase of 121% against the previous year. As a result, imports attained the peak of X tons, and then shrank remarkably in the following year.

In value terms, imports of sunflower-seed or safflower oil, refined, but not chemically modified rose to $X in 2021. Over the period under review, imports, however, saw strong growth. The most prominent rate of growth was recorded in 2020 with an increase of 110%. The level of import peaked in 2021 and is likely to continue growth in the near future.

Imports by Country

Afghanistan (X tons) and India (X tons) dominates modified structure, together committing 82% of total imports. Bangladesh (X tons) held the next position in the ranking, followed by Sri Lanka (X tons). All these countries together took near 14% share of total imports. Nepal (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by India (with a CAGR of +88.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest sunflower-seed or safflower oil, refined, but not chemically modified importing markets in Southern Asia were Afghanistan ($X), India ($X) and Bangladesh ($X), together comprising 89% of total imports.

In terms of the main importing countries, India, with a CAGR of +79.8%, recorded 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 Southern Asia stood at $X per ton in 2021, picking up by 66% against the previous year. Import price indicated mild growth from 2012 to 2021: its price increased at an average annual rate of +1.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Nepal ($X per ton) and Bangladesh ($X per ton), while Afghanistan ($X per ton) and Sri Lanka ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bangladesh (+2.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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