Tunisia: Market for Sunflower-Seed And Safflower Oil 2024

Market Size for Sunflower-Seed And Safflower Oil in Tunisia

The Tunisian sunflower-seed and safflower oil market reduced to $X in 2022, dropping by -7.7% against the previous year. In general, consumption recorded a pronounced reduction. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Production of Sunflower-Seed And Safflower Oil in Tunisia

In value terms, sunflower-seed and safflower oil production expanded significantly to $X in 2022 estimated in export price. Overall, production, however, showed a slight shrinkage. The growth pace was the most rapid in 2013 with an increase of 39% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Exports of Sunflower-Seed And Safflower Oil

Exports from Tunisia

Sunflower-seed and safflower oil exports from Tunisia fell remarkably to X tons in 2022, which is down by -39.1% on the previous year's figure. Overall, exports recorded a noticeable decrease. The growth pace was the most rapid in 2017 with an increase of 470%. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, sunflower-seed and safflower oil exports shrank notably to $X in 2022. Over the period under review, exports continue to indicate a pronounced curtailment. The growth pace was the most rapid in 2017 with an increase of 341%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X tons) was the main destination for sunflower-seed and safflower oil exports from Tunisia, accounting for a 43% share of total exports. Moreover, sunflower-seed and safflower oil exports to Saudi Arabia exceeded the volume sent to the second major destination, Senegal (X tons), twofold. Jordan (X tons) ranked third in terms of total exports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Saudi Arabia stood at +31.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Senegal (-3.5% per year) and Jordan (+3.1% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for sunflower-seed and safflower oil exports from Tunisia, comprising 52% of total exports. The second position in the ranking was taken by Senegal ($X), with a 14% share of total exports. It was followed by Jordan, with a 10% share.

From 2012 to 2022, the average annual growth rate of value to Saudi Arabia amounted to +24.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Senegal (-6.4% per year) and Jordan (-0.8% per year).

Export Prices by Country

In 2022, the average sunflower-seed and safflower oil export price amounted to $X per ton, with an increase of 2.9% against the previous year. In general, the export price, however, saw a slight curtailment. The pace of growth was the most pronounced in 2020 an increase of 27%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Gabon ($X per ton), while the average price for exports to the United Arab Emirates ($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 Oman (+0.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Sunflower-Seed And Safflower Oil

Imports into Tunisia

Sunflower-seed and safflower oil imports into Tunisia shrank to X tons in 2022, waning by -14.2% against 2021 figures. In general, imports showed a noticeable downturn. The pace of growth appeared the most rapid in 2017 with an increase of 154%. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, sunflower-seed and safflower oil imports dropped to $X in 2022. Over the period under review, imports recorded a drastic downturn. The growth pace was the most rapid in 2017 with an increase of 138%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Ukraine (X tons) constituted the largest sunflower-seed and safflower oil supplier to Tunisia, accounting for a 47% share of total imports. Moreover, sunflower-seed and safflower oil imports from Ukraine exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was taken by Russia (X tons), with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Ukraine totaled -1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+4.7% per year) and Russia (-7.2% per year).

In value terms, Ukraine ($X) constituted the largest supplier of sunflower-seed and safflower oil to Tunisia, comprising 47% of total imports. The second position in the ranking was held by Germany ($X), with a 20% share of total imports. It was followed by Russia, with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Ukraine amounted to -2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+2.9% per year) and Russia (-13.2% per year).

Import Prices by Country

The average sunflower-seed and safflower oil import price stood at $X per ton in 2022, with an increase of 3.4% against the previous year. In general, the import price, however, saw a slight slump. The growth pace was the most rapid in 2021 when the average import price increased by 26% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 ($X per ton), while the price for Russia ($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 (-0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform