Zambia: Market for Sunflower-Seed And Safflower Oil 2019

Market Size for Sunflower-Seed And Safflower Oil in Zambia

The revenue of the sunflower-seed and safflower oil market in Zambia amounted to $X in 2018, rising by X% against the previous year. In general, sunflower-seed and safflower oil consumption continues to indicate a skyrocketing expansion. The pace of growth appeared the most rapid in 2011 with an increase of X% year-to-year. Over the period under review, the sunflower-seed and safflower oil market reached its maximum level in 2018 and is likely to continue its growth in the immediate term.

Production of Sunflower-Seed And Safflower Oil in Zambia

In value terms, sunflower-seed and safflower oil production amounted to $X in 2018 estimated in export prices. Over the period under review, sunflower-seed and safflower oil production continues to indicate a prominent expansion. The pace of growth was the most pronounced in 2011 with an increase of X% y-o-y. Over the period under review, sunflower-seed and safflower oil production reached its maximum level in 2018 and is likely to continue its growth in the near future.

Exports of Sunflower-Seed And Safflower Oil

Exports from Zambia

In 2018, the exports of sunflower-seed and safflower oil from Zambia amounted to X tons, jumping by X% against the previous year. Overall, sunflower-seed and safflower oil exports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2010 when exports increased by X% against the previous year. Over the period under review, sunflower-seed and safflower oil exports reached their peak figure in 2018 and are expected to retain its growth in the near future.

In value terms, sunflower-seed and safflower oil exports stood at $X in 2018. Over the period under review, sunflower-seed and safflower oil exports continue to indicate a resilient increase. The growth pace was the most rapid in 2010 when exports increased by X% y-o-y. Zambia exports peaked in 2018 and are likely to see steady growth in the near future.

Exports by Country

Ukraine was the largest exporting country with an export of about X tons, which accounted for X% of total exports. Russia (X tons) ranks second in terms of the total exports with a X% share, followed by Argentina (X%), the Netherlands (X%) and Hungary (X%). France (X tons), Turkey (X tons), Bulgaria (X tons), Spain (X tons) and Romania (X tons) followed a long way behind the leaders.

From 2007 to 2018, average annual rates of growth with regard to sunflower-seed and safflower oil exports from Ukraine stood at +X%. At the same time, Turkey (+X%), Bulgaria (+X%), Spain (+X%), Romania (+X%), Hungary (+X%), Russia (+X%), France (+X%) and the Netherlands (+X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Argentina experienced a relatively flat trend pattern. From 2007 to 2018, the share of Ukraine, Russia, Turkey, Hungary, Bulgaria, Spain and the Netherlands increased by +X%, +X%, +X%, +X%, +X%, +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ukraine ($X) remains the largest sunflower-seed and safflower oil supplier from Zambia, comprising X% of global exports. The second position in the ranking was occupied by Russia ($X), with a X% share of global exports. It was followed by Argentina, with a X% share.

In Ukraine, sunflower-seed and safflower oil exports expanded at an average annual rate of +X% over the period from 2007-2018. The remaining exporting countries recorded the following average annual rates of exports growth: Russia (+X% per year) and Argentina (+X% per year).

Export Prices by Country

In 2018, the sunflower-seed and safflower oil export price in Zambia amounted to $X per ton, going up by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2018 when the export price increased by X% year-to-year. Zambia export price peaked at $X per ton in 2016; however, from 2017 to 2018, export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2018, major exporting countries recorded the following prices: in Turkey ($X per ton) and Spain ($X per ton), while Ukraine ($X per ton) and Argentina ($X per ton) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Russia, while the other leaders experienced mixed trends in the export price figures.

Imports of Sunflower-Seed And Safflower Oil

Imports into Zambia

In 2018, the imports of sunflower-seed and safflower oil into Zambia stood at X tons, rising by X% against the previous year. Overall, sunflower-seed and safflower oil imports continue to indicate skyrocketing growth. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Over the period under review, sunflower-seed and safflower oil imports reached their maximum in 2018 and are likely to continue its growth in the near future.

In value terms, sunflower-seed and safflower oil imports stood at $X in 2018. Overall, sunflower-seed and safflower oil imports continue to indicate a prominent increase. The pace of growth was the most pronounced in 2008 with an increase of X% against the previous year. Zambia imports peaked in 2018 and are likely to continue its growth in the near future.

Imports by Country

India represented the largest importing country with an import of about X tons, which resulted at X% of total imports. Italy (X tons) ranks second in terms of the total imports with a X% share, followed by Turkey (X%), Spain (X%) and the Netherlands (X%). The following importers - Iraq (X tons), Iran (X tons), Belgium (X tons), Germany (X tons), the UK (X tons), Egypt (X tons) and France (X tons) - together made up X% of total imports.

India was also the fastest-growing in terms of the sunflower-seed and safflower oil imports, with a CAGR of +X% from 2007 to 2018. At the same time, Turkey (+X%), Italy (+X%), Iraq (+X%), Iran (+X%), Egypt (+X%), Spain (+X%), the Netherlands (+X%), Belgium (+X%), Germany (+X%) and the UK (+X%) displayed positive paces of growth. France experienced a relatively flat trend pattern. India (+X p.p.), Turkey (+X p.p.), Italy (+X p.p.), Iraq (+X p.p.), Iran (+X p.p.), Spain (+X p.p.), the Netherlands (+X p.p.) and Egypt (+X p.p.) significantly strengthened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported sunflower-seed and safflower oil into Zambia, comprising X% of global imports. The second position in the ranking was occupied by Italy ($X), with a X% share of global imports. It was followed by the Netherlands, with a X% share.

In India, sunflower-seed and safflower oil imports increased at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Italy (+X% per year) and the Netherlands (+X% per year).

Import Prices by Country

In 2018, the sunflower-seed and safflower oil import price in Zambia amounted to $X per ton, declining by -X% against the previous year. Over the period under review, the sunflower-seed and safflower oil import price continues to indicate a drastic drop. The most prominent rate of growth was recorded in 2011 when the import price increased by X% year-to-year. Zambia import price peaked at $X per ton in 2012; however, from 2013 to 2018, import prices failed to regain their momentum.

Average prices varied somewhat amongst the major importing countries. In 2018, major importing countries recorded the following prices: in Germany ($X per ton) and Belgium ($X per ton), while Iran ($X per ton) and Turkey ($X per ton) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by India, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform