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

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

In 2022, the Tunisian market for crude sunflower-seed and safflower oil increased by 150% to $X, rising for the second year in a row after three years of decline. In general, consumption enjoyed a buoyant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Crude Sunflower-Seed And Safflower Oil in Tunisia

In value terms, crude sunflower-seed and safflower oil production shrank to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2016 with an increase of 75% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Exports of Crude Sunflower-Seed And Safflower Oil

Exports from Tunisia

In 2022, overseas shipments of crude sunflower-seed and safflower oil decreased by -11.9% to X tons, falling for the fourth year in a row after two years of growth. Over the period under review, exports continue to indicate a abrupt slump. The growth pace was the most rapid in 2018 when exports increased by 203%. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, crude sunflower-seed and safflower oil exports surged to $X in 2022. In general, exports recorded a precipitous decline. The most prominent rate of growth was recorded in 2018 when exports increased by 153%. 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

Italy (X tons) was the main destination for crude sunflower-seed and safflower oil exports from Tunisia, accounting for a 59% share of total exports. Moreover, crude sunflower-seed and safflower oil exports to Italy exceeded the volume sent to the second major destination, France (X tons), twofold. Canada (X kg) ranked third in terms of total exports with a 9.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Italy totaled -10.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-8.9% per year) and Canada (+1.6% per year).

In value terms, Italy ($X), Switzerland ($X) and France ($X) appeared to be the largest markets for crude sunflower-seed and safflower oil exported from Tunisia worldwide, together accounting for 97% of total exports.

In terms of the main countries of destination, Switzerland, with a CAGR of +196.2%, 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 a decline.

Export Prices by Country

The average export price for crude sunflower-seed and safflower oil stood at $X per ton in 2022, with an increase of 89% against the previous year. Overall, the export price, however, showed a abrupt contraction. The pace of growth appeared the most rapid in 2016 when the average export price increased by 90% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Canada ($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 Switzerland (+84.3%), while the prices for the other major destinations experienced a decline.

Imports of Crude Sunflower-Seed And Safflower Oil

Imports into Tunisia

After four years of decline, purchases abroad of crude sunflower-seed and safflower oil increased by 130% to X tons in 2022. Overall, imports recorded pronounced growth. The most prominent rate of growth was recorded in 2017 when imports increased by 150% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, crude sunflower-seed and safflower oil imports surged to $X in 2022. In general, imports enjoyed a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Ukraine (X tons) constituted the largest supplier of crude sunflower-seed and safflower oil to Tunisia, with a 57% share of total imports. Moreover, crude sunflower-seed and safflower oil imports from Ukraine exceeded the figures recorded by the second-largest supplier, Switzerland (X tons), fourfold. The third position in this ranking was taken by Russia (X tons), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Ukraine stood at +8.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (0.0% per year) and Russia (-1.9% per year).

In value terms, Ukraine ($X) constituted the largest supplier of crude sunflower-seed and safflower oil to Tunisia, comprising 54% of total imports. The second position in the ranking was taken by Switzerland ($X), with a 16% share of total imports. It was followed by Russia, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Ukraine amounted to +11.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (0.0% per year) and Russia (+0.7% per year).

Import Prices by Country

The average import price for crude sunflower-seed and safflower oil stood at $X per ton in 2022, increasing by 32% against the previous year. Over the period under review, import price indicated perceptible growth from 2012 to 2022: its price 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, crude sunflower-seed and safflower oil import price increased by +109.0% against 2019 indices. The growth pace was the most rapid in 2021 when the average import price increased by 52% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Bulgaria ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform