Switzerland: Market for Crude Sunflower-Seed And Safflower Oil 2024

Market Size for Crude Sunflower-Seed And Safflower Oil in Switzerland

The Swiss market for crude sunflower-seed and safflower oil skyrocketed to $X in 2022, increasing by 37% against the previous year. Overall, the total consumption indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +90.5% against 2018 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Crude Sunflower-Seed And Safflower Oil in Switzerland

In value terms, crude sunflower-seed and safflower oil production rose remarkably to $X in 2022 estimated in export price. In general, production, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of 44%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Crude Sunflower-Seed And Safflower Oil

Exports from Switzerland

In 2022, overseas shipments of crude sunflower-seed and safflower oil increased by 266% to X tons, rising for the second consecutive year after three years of decline. In general, exports, however, continue to indicate a significant decrease. The pace of growth was the most pronounced in 2017 when exports increased by 377%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, crude sunflower-seed and safflower oil exports soared to $X in 2022. Overall, exports, however, faced a precipitous slump. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

France (X kg), Austria (X kg) and Germany (X kg) were the main destinations of crude sunflower-seed and safflower oil exports from Switzerland, together comprising 99% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Austria (with a CAGR of +86.8%), while the other leaders experienced mixed trend patterns.

In value terms, Austria ($X) emerged as the key foreign market for crude sunflower-seed and safflower oil exports from Switzerland, comprising 79% of total exports. The second position in the ranking was held by France ($X), with a 20% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Austria amounted to +180.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+10.6% per year) and Germany (-26.7% per year).

Export Prices by Country

The average export price for crude sunflower-seed and safflower oil stood at $X per ton in 2022, rising by 193% against the previous year. Overall, the export price posted a resilient expansion. The pace of growth was the most pronounced in 2020 an increase of 308%. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+50.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Crude Sunflower-Seed And Safflower Oil

Imports into Switzerland

Crude sunflower-seed and safflower oil imports into Switzerland soared to X tons in 2022, with an increase of 20% on the previous year. Over the period under review, total imports indicated perceptible growth from 2012 to 2022: its volume increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +79.6% against 2018 indices. The growth pace was the most rapid in 2014 with an increase of 30%. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, crude sunflower-seed and safflower oil imports skyrocketed to $X in 2022. In general, imports posted a moderate expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Mozambique (X tons) constituted the largest crude sunflower-seed and safflower oil supplier to Switzerland, with a 36% share of total imports. Moreover, crude sunflower-seed and safflower oil imports from Mozambique exceeded the figures recorded by the second-largest supplier, Uganda (X tons), twofold. Tanzania (X tons) ranked third in terms of total imports with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Mozambique totaled +8.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Uganda (+35.9% per year) and Tanzania (-6.8% per year).

In value terms, Mozambique ($X) constituted the largest supplier of crude sunflower-seed and safflower oil to Switzerland, comprising 40% of total imports. The second position in the ranking was held by Uganda ($X), with a 19% share of total imports. It was followed by Tanzania, with a 17% share.

From 2012 to 2022, the average annual growth rate of value from Mozambique totaled +8.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Uganda (+37.3% per year) and Tanzania (-5.9% per year).

Import Prices by Country

In 2022, the average import price for crude sunflower-seed and safflower oil amounted to $X per ton, surging by 28% against the previous year. Over the last decade, it increased at an average annual rate of +1.0%. As a result, import price reached 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 Mozambique ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+2.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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