Ukraine - 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 Ukraine - 2023
Contents:
- Price for Sunflower-Seed and Safflower Oil in Ukraine (FOB) - 2023
- Price for Sunflower-Seed and Safflower Oil in Ukraine (CIF) - 2022
- Exports of Sunflower-Seed and Safflower Oil in Ukraine
- Imports of Sunflower-Seed and Safflower Oil in Ukraine
Price for Sunflower-Seed and Safflower Oil in Ukraine (FOB) - 2023
In August 2023, the average sunflower-seed and safflower oil export price amounted to $843 per ton, picking up by 4.2% against the previous month. Overall, the export price, however, continues to indicate a pronounced curtailment. The export price peaked at $1,209 per ton in August 2022; however, from September 2022 to August 2023, the export prices failed to regain momentum.
Average prices varied somewhat for the major external markets. In August 2023, the highest price was recorded for prices to the Netherlands ($982 per ton) and China ($874 per ton), while the average price for exports to Turkey ($710 per ton) and Bulgaria ($711 per ton) were amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (-1.9%), while the prices for the other major destinations experienced a decline.
Price for Sunflower-Seed and Safflower Oil in Ukraine (CIF) - 2022
The average sunflower-seed and safflower oil import price stood at $2,178 per ton in 2022, rising by 11% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 78% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Moldova ($2,270 per ton), while the price for Switzerland ($1,365 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+21.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Sunflower-Seed and Safflower Oil in Ukraine
In 2022, overseas shipments of sunflower-seed and safflower oil decreased by -16.5% to 4.3M tons, falling for the second consecutive year after two years of growth. Over the period under review, exports showed a abrupt descent. The pace of growth appeared the most rapid in 2020 when exports increased by 12% against the previous year. As a result, the exports reached the peak of 6.9M tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, sunflower-seed and safflower oil exports shrank to $5.5B in 2022. The total export value increased at an average annual rate of +8.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 24%.
Export of Sunflower-Seed and Safflower Oil in Ukraine (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | 1,423 | 1,438 | 1,889 | 772 | -18.4% |
Turkey | 11.9 | 64.7 | 72.7 | 662 | 281.7% |
Poland | 49.8 | 108 | 106 | 491 | 114.4% |
Romania | 0.2 | 10.5 | 4.2 | 422 | 1182.6% |
Netherlands | 456 | 527 | 659 | 386 | -5.4% |
China | 595 | 972 | 940 | 340 | -17.0% |
Italy | 265 | 287 | 322 | 324 | 6.9% |
Bulgaria | 13.1 | 20.3 | 5.3 | 281 | 177.9% |
Spain | 313 | 342 | 430 | 263 | -5.6% |
Iraq | 266 | 324 | 314 | 195 | -9.8% |
France | 97.6 | 122 | 207 | 172 | 20.8% |
Hungary | N/A | 16.8 | 1.2 | 107 | 152.4% |
Malaysia | 74.5 | 67.3 | 78.2 | 105 | 12.1% |
Others | 709 | 1,021 | 1,282 | 974 | 11.2% |
Total | 4,273 | 5,320 | 6,311 | 5,493 | 8.7% |
Top Export Markets for Sunflower-Seed and Safflower Oil from Ukraine in 2022:
- India (633.6K tons)
- Turkey (606.0K tons)
- Poland (375.4K tons)
- Romania (349.2K tons)
- China (276.8K tons)
- Netherlands (274.2K tons)
- Italy (268.1K tons)
- Bulgaria (245.8K tons)
- Spain (212.2K tons)
- Iraq (161.1K tons)
- France (114.3K tons)
- Malaysia (75.9K tons)
- Hungary (67.2K tons)
Imports of Sunflower-Seed and Safflower Oil in Ukraine
In 2022, approx. 1.1K tons of sunflower-seed and safflower oil were imported into Ukraine; with an increase of 6,106% compared with the previous year. In general, imports continue to indicate a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, sunflower-seed and safflower oil imports skyrocketed to $2.3M in 2022. Over the period under review, imports recorded a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Sunflower-Seed and Safflower Oil in Ukraine (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Moldova | N/A | N/A | N/A | 2,053 | 0% |
Lithuania | 11.4 | 18.7 | N/A | 151 | 136.6% |
Switzerland | N/A | N/A | N/A | 58.6 | 0% |
Poland | 8.6 | 31.7 | 12.4 | 48.1 | 77.5% |
Romania | N/A | N/A | N/A | 26.6 | 0% |
Italy | 1.8 | 58.4 | 1.6 | 9.0 | 71.0% |
Lebanon | 23.6 | N/A | N/A | N/A | 0% |
Others | 20.0 | 24.9 | 20.2 | 3.2 | -45.7% |
Total | 65.3 | 134 | 34.2 | 2,349 | 230.1% |
Top Suppliers of Sunflower-Seed and Safflower Oil to Ukraine in 2022:
- Moldova (904.5 tons)
- Lithuania (89.6 tons)
- Switzerland (42.9 tons)
- Poland (21.6 tons)
- Romania (18.2 tons)
- Italy (1.0 tons)
This report provides an in-depth analysis of the market for sunflower-seed and safflower oil in Ukraine. 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:
- Ukraine
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Ukraine
- 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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