Sudan: Market for Sunflower-Seed And Safflower Oil 2024

Market Size for Sunflower-Seed And Safflower Oil in Sudan

After two years of growth, the Sudanese sunflower-seed and safflower oil market decreased by -11.7% to $X in 2022. Overall, consumption showed a buoyant increase. Sunflower-seed and safflower oil consumption peaked at $X in 2021, and then contracted in the following year.

Production of Sunflower-Seed And Safflower Oil in Sudan

In value terms, sunflower-seed and safflower oil production rose to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when the production volume increased by 28%. Sunflower-seed and safflower oil production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Exports of Sunflower-Seed And Safflower Oil

Exports from Sudan

In 2022, exports of sunflower-seed and safflower oil from Sudan totaled X tons, therefore, remained relatively stable against the previous year's figure. Over the period under review, exports, however, showed a perceptible shrinkage. The pace of growth was the most pronounced in 2014 when exports increased by 93% against the previous year. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, sunflower-seed and safflower oil exports stood at $X in 2022. Overall, exports, however, showed a noticeable slump. The most prominent rate of growth was recorded in 2014 when exports increased by 92% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Ethiopia (X tons) and Switzerland (X tons) were the main destinations of sunflower-seed and safflower oil exports from Sudan.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ethiopia (with a CAGR of +43.8%).

In value terms, the largest markets for sunflower-seed and safflower oil exported from Sudan were Ethiopia ($X) and Switzerland ($X).

Ethiopia, with a CAGR of +37.2%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

The average sunflower-seed and safflower oil export price stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 39%. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Ethiopia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+3.0%), while the prices for the other major destinations experienced a decline.

Imports of Sunflower-Seed And Safflower Oil

Imports into Sudan

Sunflower-seed and safflower oil imports into Sudan rose rapidly to X tons in 2022, increasing by 6.3% compared with 2021. In general, imports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2014 when imports increased by 392% against the previous year. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, sunflower-seed and safflower oil imports declined markedly to $X in 2022. Over the period under review, imports posted a strong increase. The most prominent rate of growth was recorded in 2014 when imports increased by 306% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then declined markedly in the following year.

Imports by Country

In 2022, Russia (X tons) constituted the largest sunflower-seed and safflower oil supplier to Sudan, with a 78% share of total imports. Moreover, sunflower-seed and safflower oil imports from Russia exceeded the figures recorded by the second-largest supplier, Ukraine (X tons), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Russia amounted to +27.6%.

In value terms, Russia ($X) constituted the largest supplier of sunflower-seed and safflower oil to Sudan, comprising 77% of total imports. The second position in the ranking was taken by Ukraine ($X), with a 19% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Russia totaled +28.2%.

Import Prices by Country

In 2022, the average sunflower-seed and safflower oil import price amounted to $X per ton, dropping by -23.1% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 78%. As a result, import price attained the peak level of $X per ton, and then declined dramatically in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Ukraine ($X per ton), while the price for Russia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+1.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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