Switzerland - 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 Switzerland - 2023
Contents:
- Price for Sunflower-Seed and Safflower Oil in Switzerland (CIF) - 2023
- Price for Sunflower-Seed and Safflower Oil in Switzerland (FOB) - 2022
- Imports of Sunflower-Seed and Safflower Oil in Switzerland
- Exports of Sunflower-Seed and Safflower Oil in Switzerland
Price for Sunflower-Seed and Safflower Oil in Switzerland (CIF) - 2023
The average sunflower-seed and safflower oil import price stood at $2,165 per ton in September 2023, waning by -3.1% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2022 an increase of 16% month-to-month. The import price peaked at $2,800 per ton in February 2023; however, from March 2023 to September 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Romania ($3,399 per ton), while the price for Hungary ($1,419 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Argentina (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Sunflower-Seed and Safflower Oil in Switzerland (FOB) - 2022
In 2022, the average sunflower-seed and safflower oil export price amounted to $2,964 per ton, with an increase of 66% against the previous year. Overall, export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sunflower-seed and safflower oil export price increased by +97.6% against 2020 indices. The export price peaked at $3,050 per ton in 2018; afterwards, it flattened through to 2022.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($9,178 per ton), while the average price for exports to Hungary ($1,583 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 Italy (+15.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Sunflower-Seed and Safflower Oil in Switzerland
For the fourth consecutive year, Switzerland recorded growth in supplies from abroad of sunflower-seed and safflower oil, which increased by 6.7% to 51K tons in 2022. The total import volume increased at an average annual rate of +4.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 7.3% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, sunflower-seed and safflower oil imports surged to $112M in 2022. Overall, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Sunflower-Seed and Safflower Oil in Switzerland (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Mozambique | 20.6 | 18.2 | 24.9 | 32.8 | 16.8% |
Uganda | 11.1 | 6.4 | 10.0 | 15.2 | 11.0% |
Tanzania | 2.0 | 9.1 | 8.6 | 14.1 | 91.7% |
Hungary | 8.2 | 8.3 | 6.9 | 8.9 | 2.8% |
Argentina | 0.7 | 0.7 | 0.5 | 7.4 | 119.5% |
Germany | 3.7 | 5.1 | 7.2 | 7.0 | 23.7% |
Ukraine | 1.5 | 2.1 | 5.6 | 6.9 | 66.3% |
Austria | 4.5 | 3.7 | 6.0 | 6.1 | 10.7% |
Italy | 2.0 | 2.7 | 2.7 | 3.5 | 20.5% |
Romania | 2.8 | 2.7 | 2.0 | 2.5 | -3.7% |
Netherlands | 1.4 | 1.4 | 3.1 | 2.3 | 18.0% |
Others | 2.3 | 4.1 | 4.4 | 5.8 | 36.1% |
Total | 60.8 | 64.4 | 81.8 | 112 | 22.6% |
Top Suppliers of Sunflower-Seed and Safflower Oil to Switzerland in 2022:
- Mozambique (13.2K tons)
- Uganda (6.4K tons)
- Tanzania (5.7K tons)
- Ukraine (5.0K tons)
- Hungary (4.3K tons)
- Argentina (4.0K tons)
- Austria (3.9K tons)
- Germany (3.3K tons)
- Italy (1.3K tons)
- Netherlands (1.0K tons)
- Romania (0.9K tons)
Exports of Sunflower-Seed and Safflower Oil in Switzerland
For the fourth year in a row, Switzerland recorded growth in overseas shipments of sunflower-seed and safflower oil, which increased by 33% to 517 tons in 2022. In general, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 58%. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, sunflower-seed and safflower oil exports surged to $1.5M in 2022. Overall, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Sunflower-Seed and Safflower Oil in Switzerland (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 228 | 266 | 348 | 608 | 38.7% |
France | 4.3 | 30.5 | 22.2 | 591 | 416.1% |
Poland | N/A | N/A | N/A | 119 | 0% |
Portugal | 76.0 | 53.6 | 94.6 | 73.3 | -1.2% |
Netherlands | N/A | 20.9 | N/A | 37.4 | 33.8% |
Hungary | 25.7 | N/A | 34.0 | 18.1 | -11.0% |
Others | 73.3 | 89.9 | 193 | 85.1 | 5.1% |
Total | 407 | 461 | 692 | 1,533 | 55.6% |
Top Export Markets for Sunflower-Seed and Safflower Oil from Switzerland in 2022:
- Germany (336.9 tons)
- France (115.3 tons)
- Portugal (15.9 tons)
- Poland (13.0 tons)
- Hungary (11.4 tons)
- Netherlands (7.9 tons)
This report provides an in-depth analysis of the market for sunflower-seed and safflower oil in Switzerland. 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:
- Switzerland
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Switzerland
- 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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Over the past year, the prices for sunflower oil have doubled, against robust demand and depleting sunflower seed stocks. The dry weather conditions negatively affected the sunflower crop yield in 2020, but the market is now seeing a sturdy recovery. The production of sunflower oil is forecast to increase in 2021 driven by strong demand that promotes investments in the expansion of harvested areas.
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