Report Update Nov 1, 2024

Sri Lanka - Crude Sunflower-Seed and Safflower Oil - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Market for Crude Sunflower-Seed And Safflower Oil 2024

Market Size for Crude Sunflower-Seed And Safflower Oil in Sri Lanka

In 2022, the Sri Lankan market for crude sunflower-seed and safflower oil decreased by 99.9% to $X for the first time since 2018, thus ending a three-year rising trend. Overall, consumption recorded a precipitous decrease. Over the period under review, the market hit record highs at $X in 2021, and then contracted remarkably in the following year.

Production of Crude Sunflower-Seed And Safflower Oil in Sri Lanka

In value terms, crude sunflower-seed and safflower oil production soared to $X in 2022 estimated in export price. Overall, the total production indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +85.2% against 2017 indices. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Exports of Crude Sunflower-Seed And Safflower Oil

Exports from Sri Lanka

For the third year in a row, Sri Lanka recorded growth in shipments abroad of crude sunflower-seed and safflower oil, which increased by 181% to X kg in 2022. In general, exports, however, recorded a dramatic decline. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, crude sunflower-seed and safflower oil exports skyrocketed to $X in 2022. Overall, exports, however, saw a precipitous setback. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Estonia (X kg) was the main destination for crude sunflower-seed and safflower oil exports from Sri Lanka, accounting for a approx. 98% share of total exports.

From 2018 to 2022, the average annual growth rate of volume to Estonia was relatively modest.

In value terms, Estonia ($X) emerged as the key foreign market for crude sunflower-seed and safflower oil exports from Sri Lanka.

From 2018 to 2022, the average annual rate of growth in terms of value to Estonia was relatively modest.

Export Prices by Country

The average export price for crude sunflower-seed and safflower oil stood at $X per ton in 2022, dropping by -13.8% against the previous year. Overall, the export price, however, recorded a prominent expansion. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then declined in the following year.

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

From 2018 to 2022, the rate of growth in terms of prices for France amounted to +14.2% per year.

Imports of Crude Sunflower-Seed And Safflower Oil

Imports into Sri Lanka

After three years of growth, purchases abroad of crude sunflower-seed and safflower oil decreased by 99.9% to X kg in 2022. Over the period under review, imports showed a significant curtailment. The pace of growth appeared the most rapid in 2017 when imports increased by 8,415%. Over the period under review, imports attained the peak figure at X tons in 2021, and then contracted sharply in the following year.

In value terms, crude sunflower-seed and safflower oil imports contracted significantly to $X in 2022. In general, imports recorded a precipitous shrinkage. The pace of growth appeared the most rapid in 2017 when imports increased by 3,476%. Over the period under review, imports attained the peak figure at $X in 2021, and then shrank significantly in the following year.

Imports by Country

In 2022, the UK (X kg) constituted the largest crude sunflower-seed and safflower oil supplier to Sri Lanka, with a 83% share of total imports. Moreover, crude sunflower-seed and safflower oil imports from the UK exceeded the figures recorded by the second-largest supplier, Ukraine (X kg), fivefold.

From 2012 to 2022, the average annual growth rate of volume from the UK was relatively modest.

In value terms, the UK ($X) constituted the largest supplier of crude sunflower-seed and safflower oil to Sri Lanka, comprising 92% of total imports. The second position in the ranking was taken by Ukraine ($X), with a 7.8% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the UK was relatively modest.

Import Prices by Country

In 2022, the average import price for crude sunflower-seed and safflower oil amounted to $X per ton, picking up by 808% against the previous year. Over the period under review, the import price posted a significant expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Ukraine stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+23.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for crude sunflower-seed and safflower oil in the world?

The countries with the highest volumes of crude sunflower-seed and safflower oil consumption in 2021 were Russia, Turkey and India, together accounting for 37% of global consumption. China, Ukraine, Argentina, Spain, Italy, France, Iran, Hungary, Germany and Romania lagged somewhat behind, together comprising a further 39%.

What are the largest producers of crude sunflower-seed and safflower oil in the world?

The countries with the highest volumes of crude sunflower-seed and safflower oil production in 2021 were Ukraine, Russia and Argentina, with a combined 63% share of global production. These countries were followed by Turkey, Hungary, Bulgaria, Romania, France, Spain and Kazakhstan, which together accounted for a further 21%.

What are the leading suppliers of crude sunflower-seed and safflower oil to Sri Lanka?

In value terms, India, Italy and Germany appeared to be the largest crude sunflower-seed and safflower oil suppliers to Sri Lanka.

What is the average export price for crude sunflower-seed and safflower oil in Sri Lanka?

In 2021, the average export price for crude sunflower-seed and safflower oil amounted to $1,983 per ton, approximately equating the previous year.

What is the average import price for crude sunflower-seed and safflower oil in Sri Lanka?

In 2021, the average import price for crude sunflower-seed and safflower oil amounted to $837 per ton, which is down by -4% against the previous year.

This report provides an in-depth analysis of the market for crude sunflower-seed and safflower oil in Sri Lanka. 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:

FCL 268 - Oil of Sunflower Seed
FCL 281 - Oil of Safflower Seed

Country coverage:

Sri Lanka

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sri Lanka
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
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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