Report Update Nov 1, 2024

Venezuela - Crude Sunflower-Seed and Safflower Oil - Market Analysis, Forecast, Size, Trends and Insights

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

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

The Venezuelan market for crude sunflower-seed and safflower oil skyrocketed to $X in 2022, picking up by 31% against the previous year. Over the period under review, consumption, however, showed a precipitous curtailment. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Production of Crude Sunflower-Seed And Safflower Oil in Venezuela

In value terms, crude sunflower-seed and safflower oil production soared to $X in 2022 estimated in export price. Overall, production, however, showed a dramatic curtailment. The most prominent rate of growth was recorded in 2020 when the production volume increased by 307%. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Exports of Crude Sunflower-Seed And Safflower Oil

Exports from Venezuela

In 2015, the amount of crude sunflower-seed and safflower oil exported from Venezuela stood at X tons, approximately reflecting 2014 figures. In general, exports posted a significant increase. The smallest decline of 99.9% was in 2014. The exports peaked in 2015 and are likely to see steady growth in years to come.

In value terms, crude sunflower-seed and safflower oil exports totaled $X in 2015. Overall, exports showed significant growth. The smallest decline of 99.9% was in 2014. The exports peaked in 2015 and are likely to see steady growth in years to come.

Exports by Country

The Netherlands (X tons) was the main destination for crude sunflower-seed and safflower oil exports from Venezuela, accounting for a approx. 100% share of total exports.

From 2013 to 2015, the average annual growth rate of volume to the Netherlands was relatively modest.

From 2013 to 2015, the average annual rate of growth in terms of value to the Netherlands was relatively modest.

Export Prices by Country

The average export price for crude sunflower-seed and safflower oil stood at $X per ton in 2015, approximately equating the previous year. Overall, the export price recorded a abrupt descent. The pace of growth was the most pronounced in 2014 when the average export price decreased by 99.9% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2015, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the Netherlands.

From 2013 to 2015, the rate of growth in terms of prices for the Netherlands amounted to 0.0% per year.

Imports of Crude Sunflower-Seed And Safflower Oil

Imports into Venezuela

In 2022, purchases abroad of crude sunflower-seed and safflower oil was finally on the rise to reach X tons after eight years of decline. Overall, imports, however, saw a dramatic descent. The growth pace was the most rapid in 2013 with an increase of 108% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, crude sunflower-seed and safflower oil imports rose remarkably to $X in 2022. In general, imports, however, faced a precipitous slump. The pace of growth appeared the most rapid in 2013 when imports increased by 107%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Argentina (X tons) constituted the largest crude sunflower-seed and safflower oil supplier to Venezuela, with a 90% share of total imports. Moreover, crude sunflower-seed and safflower oil imports from Argentina exceeded the figures recorded by the second-largest supplier, Bolivia (X tons), tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Argentina stood at -39.5%.

In value terms, Argentina ($X) constituted the largest supplier of crude sunflower-seed and safflower oil to Venezuela, comprising 91% of total imports. The second position in the ranking was held by Bolivia ($X), with a 6.9% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Argentina stood at -38.0%.

Import Prices by Country

The average import price for crude sunflower-seed and safflower oil stood at $X per ton in 2022, shrinking by -5.8% against the previous year. Over the period under review, import price indicated a perceptible increase 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 +70.0% against 2015 indices. The growth pace was the most rapid in 2020 when the average import price increased by 31% against the previous year. The import price peaked at $X per ton in 2021, and then declined in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Argentina ($X per ton), while the price for Bolivia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+2.5%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for crude sunflower-seed and safflower oil in the world?

The countries with the highest volumes of crude sunflower-seed and safflower oil consumption in 2021 were Russia, Turkey and India, with a combined 37% share of global consumption. These countries were followed by China, Ukraine, Argentina, Spain, Italy, France, Iran, Hungary, Germany and Romania, which together accounted for a further 39%.

What are the largest producers of crude sunflower-seed and safflower oil in the world?

The countries with the highest volumes of crude sunflower-seed and safflower oil production in 2021 were Ukraine, Russia and Argentina, with a combined 63% share of global production. Turkey, Hungary, Bulgaria, Romania, France, Spain and Kazakhstan lagged somewhat behind, together comprising a further 21%.

What are the leading suppliers of crude sunflower-seed and safflower oil to Venezuela?

In value terms, Spain constituted the largest supplier of crude sunflower-seed and safflower oil to Venezuela, comprising 86% of total imports. The second position in the ranking was occupied by Germany, with a 14% share of total imports.

What is the average export price for crude sunflower-seed and safflower oil in Venezuela?

The average export price for crude sunflower-seed and safflower oil stood at $2,000 per ton in 2015, approximately mirroring the previous year.

What is the average import price for crude sunflower-seed and safflower oil in Venezuela?

In 2021, the average import price for crude sunflower-seed and safflower oil amounted to $1,151 per ton, with a decrease of -12% against the previous year.

This report provides an in-depth analysis of the market for crude sunflower-seed and safflower oil in Venezuela. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 268 - Oil of Sunflower Seed
FCL 281 - Oil of Safflower Seed

Country coverage:

Venezuela

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Venezuela
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023