Switzerland: Market for Sunflower-Seed And Safflower Oil 2024

Market Size for Sunflower-Seed And Safflower Oil in Switzerland

For the fourth consecutive year, the Swiss sunflower-seed and safflower oil market recorded growth in sales value, which increased by 26% to $X in 2022. The market value increased at an average annual rate of +2.9% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Sunflower-Seed And Safflower Oil in Switzerland

In value terms, sunflower-seed and safflower oil production reduced to $X in 2022 estimated in export price. Over the period under review, production saw a perceptible descent. The most prominent rate of growth was recorded in 2017 when the production volume increased by 36%. Sunflower-seed and safflower oil production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Sunflower-Seed And Safflower Oil

Exports from Switzerland

In 2022, overseas shipments of sunflower-seed and safflower oil increased by 33% to X tons, rising for the fourth year in a row after three years of decline. Over the period under review, exports, however, continue to indicate a deep downturn. The growth pace was the most rapid in 2020 with an increase of 58% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, sunflower-seed and safflower oil exports soared to $X in 2022. Overall, exports, however, showed a abrupt downturn. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for sunflower-seed and safflower oil exports from Switzerland, with a 65% share of total exports. Moreover, sunflower-seed and safflower oil exports to Germany exceeded the volume sent to the second major destination, France (X tons), threefold. Portugal (X tons) ranked third in terms of total exports with a 3.1% share.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at +8.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+199.3% per year) and Portugal (-1.5% per year).

In value terms, Germany ($X), France ($X) and Poland ($X) were the largest markets for sunflower-seed and safflower oil exported from Switzerland worldwide, together comprising 86% of total exports.

In terms of the main countries of destination, France, with a CAGR of +200.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average sunflower-seed and safflower oil export price stood at $X per ton in 2022, rising by 66% against the previous year. In general, export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sunflower-seed and safflower oil export price increased by +97.6% against 2020 indices. The export price peaked at $X per ton in 2018; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Hungary ($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 Italy (+15.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sunflower-Seed And Safflower Oil

Imports into Switzerland

In 2022, the amount of sunflower-seed and safflower oil imported into Switzerland amounted to X tons, growing by 6.7% against the previous year's figure. The total import volume increased at an average annual rate of +1.5% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of 26%. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, sunflower-seed and safflower oil imports soared to $X in 2022. In general, total imports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +3.3% 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 +90.7% against 2018 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Mozambique (X tons) constituted the largest sunflower-seed and safflower oil supplier to Switzerland, with a 26% share of total imports. Moreover, sunflower-seed and safflower oil imports from Mozambique exceeded the figures recorded by the second-largest supplier, Uganda (X tons), twofold. The third position in this ranking was held by Tanzania (X tons), with an 11% 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 (-6.9% per year).

In value terms, Mozambique ($X) constituted the largest supplier of sunflower-seed and safflower oil to Switzerland, comprising 29% of total imports. The second position in the ranking was taken by Uganda ($X), with a 14% share of total imports. It was followed by Tanzania, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Mozambique stood at +8.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Uganda (+37.3% per year) and Tanzania (-6.0% per year).

Import Prices by Country

In 2022, the average sunflower-seed and safflower oil import price amounted to $X per ton, with an increase of 29% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. 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 France ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :