Ireland - Sunflower-Seed And Safflower Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Sunflower-Seed and Safflower Oil in Ireland - 2023
Contents:
- Price for Sunflower-Seed and Safflower Oil in Ireland (CIF) - 2023
- Price for Sunflower-Seed and Safflower Oil in Ireland (FOB) - 2022
- Imports of Sunflower-Seed and Safflower Oil in Ireland
- Exports of Sunflower-Seed and Safflower Oil in Ireland
Price for Sunflower-Seed and Safflower Oil in Ireland (CIF) - 2023
The average sunflower-seed and safflower oil import price stood at $2,351 per ton in July 2023, increasing by 55% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.3%. The import price peaked at $2,571 per ton in December 2022; however, from January 2023 to July 2023, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In July 2023, the countries with the highest prices were the Netherlands ($2,985 per ton) and Spain ($2,298 per ton), while the price for the UK ($2,001 per ton) and Belgium ($2,020 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Sunflower-Seed and Safflower Oil in Ireland (FOB) - 2022
In 2022, the average sunflower-seed and safflower oil export price amounted to $1,516 per ton, stabilizing at the previous year. Over the period under review, the export price continues to indicate a mild decrease. The most prominent rate of growth was recorded in 2020 an increase of 24%. As a result, the export price attained the peak level of $1,958 per ton. From 2021 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($3,671 per ton), while the average price for exports to the UK ($1,274 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 the UK (-0.5%), while the prices for the other major destinations experienced a decline.
Imports of Sunflower-Seed and Safflower Oil in Ireland
In 2022, supplies from abroad of sunflower-seed and safflower oil decreased by 0% to 21K tons, falling for the second year in a row after two years of growth. Over the period under review, imports recorded a buoyant increase. The pace of growth appeared the most rapid in 2020 with an increase of 51%. As a result, imports reached the peak of 24K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, sunflower-seed and safflower oil imports stood at $42M in 2022. In general, imports continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2020 when imports increased by 8.4%. Imports peaked in 2022 and are likely to see steady growth in years to come.
Import of Sunflower-Seed and Safflower Oil in Ireland (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | 9.1 | 7.7 | N/A | 11.1 | 6.8% |
United Kingdom | 4.3 | 6.3 | N/A | 10.4 | 34.2% |
Spain | 3.0 | 3.8 | N/A | 9.9 | 48.9% |
Belgium | 5.6 | 6.1 | N/A | 7.9 | 12.2% |
Austria | 0.8 | 2.1 | N/A | 1.2 | 14.5% |
France | 2.0 | 1.1 | N/A | 0.7 | -29.5% |
Others | 0.5 | 0.4 | N/A | 0.8 | 17.0% |
Total | 25.4 | 27.5 | N/A | 42.2 | 18.4% |
Top Suppliers of Sunflower-Seed and Safflower Oil to Ireland in 2022:
- Netherlands (6.1K tons)
- United Kingdom (5.3K tons)
- Belgium (4.2K tons)
- Spain (4.0K tons)
- France (0.5K tons)
- Austria (0.4K tons)
Exports of Sunflower-Seed and Safflower Oil in Ireland
In 2022, the amount of sunflower-seed and safflower oil exported from Ireland was estimated at 689 tons, almost unchanged from the year before. In general, exports enjoyed a significant increase. The smallest decline of -9.9% was in 2020. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, sunflower-seed and safflower oil exports totaled $1M in 2022. Over the period under review, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 12%. The exports peaked in 2022 and are likely to continue growth in years to come.
Export of Sunflower-Seed and Safflower Oil in Ireland (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Kingdom | 168 | 198 | N/A | 741 | 64.0% |
Czech Republic | N/A | N/A | N/A | 209 | 0% |
Italy | N/A | N/A | N/A | 88.4 | 0% |
Others | 9.8 | 0.9 | N/A | 6.1 | -14.6% |
Total | 178 | 199 | N/A | 1,044 | 80.3% |
Top Export Markets for Sunflower-Seed and Safflower Oil from Ireland in 2022:
- United Kingdom (581.6 tons)
- Czech Republic (79.9 tons)
- Italy (24.1 tons)
This report provides an in-depth analysis of the market for sunflower-seed and safflower oil in Ireland. 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:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Ireland
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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