Switzerland: Sunflower Oilcake Market 2024

Sunflower Oilcake Market Size in Switzerland

In 2021, the Swiss sunflower oilcake market increased by 58% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, the total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Sunflower Oilcake Production in Switzerland

In value terms, sunflower oilcake production dropped modestly to $X in 2021 estimated in export price. Over the period under review, production recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2019 with an increase of 42%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Sunflower Oilcake Exports

Exports from Switzerland

In 2021, after two years of growth, there was significant decline in shipments abroad of sunflower oilcake, when their volume decreased by -99.2% to X tons. Overall, exports saw a dramatic downturn. The pace of growth appeared the most rapid in 2019 with an increase of 1,273%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, sunflower oilcake exports reduced rapidly to $X in 2021. Over the period under review, exports continue to indicate a significant contraction. The growth pace was the most rapid in 2019 with an increase of 1,166%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Israel (X tons) was the main destination for sunflower oilcake exports from Switzerland, with a 83% share of total exports. Moreover, sunflower oilcake exports to Israel exceeded the volume sent to the second major destination, Iran (X tons), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Israel stood at -47.9%.

In value terms, Israel ($X) emerged as the key foreign market for sunflower oilcake exports from Switzerland, comprising 77% of total exports. The second position in the ranking was held by Iran ($X), with a 20% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Israel amounted to -45.4%.

Export Prices by Country

In 2021, the average sunflower oilcake export price amounted to $X per ton, rising by 73% against the previous year. In general, export price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major external markets. In 2021, the country with the highest price was Iran ($X per ton), while the average price for exports to Israel stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Iran (+9.4%), while the prices for the other major destinations experienced mixed trend patterns.

Sunflower Oilcake Imports

Imports into Switzerland

In 2021, sunflower oilcake imports into Switzerland amounted to X tons, with an increase of 5.2% on 2020 figures. In general, imports recorded a resilient increase. The pace of growth appeared the most rapid in 2013 when imports increased by 76% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in years to come.

In value terms, sunflower oilcake imports surged to $X in 2021. Over the period under review, imports posted significant growth. The pace of growth appeared the most rapid in 2013 when imports increased by 142% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the near future.

Imports by Country

In 2021, Moldova (X tons) constituted the largest supplier of sunflower oilcake to Switzerland, with a 60% share of total imports. Moreover, sunflower oilcake imports from Moldova exceeded the figures recorded by the second-largest supplier, France (X tons), more than tenfold. The third position in this ranking was held by Italy (X tons), with a 3.7% share.

From 2012 to 2021, the average annual growth rate of volume from Moldova totaled +31.0%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-1.8% per year) and Italy (-4.9% per year).

In value terms, Moldova ($X) constituted the largest supplier of sunflower oilcake to Switzerland, comprising 48% of total imports. The second position in the ranking was held by France ($X), with a 4.7% share of total imports. It was followed by Ukraine, with a 4.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Moldova totaled +37.5%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+2.9% per year) and Ukraine (+41.3% per year).

Import Prices by Country

The average sunflower oilcake import price stood at $X per ton in 2021, surging by 26% against the previous year. Over the period under review, import price indicated a measured increase from 2012 to 2021: its price increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, sunflower oilcake import price increased by +77.6% against 2017 indices. The pace of growth appeared the most rapid in 2013 an increase of 37%. The import price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Austria ($X per ton), while the price for Moldova ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+15.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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