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Eastern Asia - Refined Sunflower-Seed and Safflower Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingEastern Asia: Market for Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified 2024
Market Size for Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified in Eastern Asia
For the third consecutive year, the East Asian market for sunflower-seed or safflower oil, refined, but not chemically modified recorded growth in sales value, which increased by X% to $X in 2023. The total consumption indicated a prominent increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2016 indices. Over the period under review, the market attained the maximum level in 2023 and is expected to retain growth in years to come.
Production of Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified in Eastern Asia
In value terms, production of sunflower-seed or safflower oil, refined, but not chemically modified surged to $X in 2023 estimated in export price. The total production indicated a remarkable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, production of attained the maximum level in 2023 and is expected to retain growth in the near future.
Exports of Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified
Exports in Eastern Asia
In 2023, exports of sunflower-seed or safflower oil, refined, but not chemically modified in Eastern Asia shrank notably to X tons, falling by X% compared with the year before. Overall, exports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The volume of export peaked at X tons in 2022, and then contracted dramatically in the following year.
In value terms, exports of sunflower-seed or safflower oil, refined, but not chemically modified declined notably to $X in 2023. Over the period under review, exports, however, recorded prominent growth. The pace of growth appeared the most rapid in 2022 with an increase of X%. As a result, the exports reached the peak of $X, and then fell rapidly in the following year.
Exports by Country
China was the largest exporting country with an export of around X tons, which resulted at X% of total exports. Taiwan (Chinese) (X tons) ranks second in terms of the total exports with a X% share, followed by Hong Kong SAR (X%). Japan (X tons) held a minor share of total exports.
China was also the fastest-growing in terms of the sunflower-seed or safflower oil, refined, but not chemically modified exports, with a CAGR of X% from 2012 to 2023. At the same time, Hong Kong SAR (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. By contrast, Japan (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Hong Kong SAR (X p.p.), Japan (X p.p.) and Taiwan (Chinese) (X p.p.) displayed negative dynamics.
In value terms, China ($X) remains the largest sunflower-seed or safflower oil, refined, but not chemically modified supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a X% share of total exports. It was followed by Hong Kong SAR, with an X% share.
From 2012 to 2023, the average annual growth rate of value in China totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Taiwan (Chinese) (X% per year) and Hong Kong SAR (X% per year).
Export Prices by Country
The export price in Eastern Asia stood at $X per ton in 2023, rising by X% against the previous year. In general, the export price saw mild growth. The growth pace was the most rapid in 2019 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure in 2023 and is expected to retain growth in years to come.
There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Japan ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other leaders experienced mixed trends in the export price figures.
Imports of Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified
Imports in Eastern Asia
After two years of decline, overseas purchases of sunflower-seed or safflower oil, refined, but not chemically modified increased by X% to X tons in 2023. Over the period under review, imports enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. The volume of import peaked at X tons in 2020; however, from 2021 to 2023, imports failed to regain momentum.
In value terms, imports of sunflower-seed or safflower oil, refined, but not chemically modified expanded rapidly to $X in 2023. In general, imports saw a strong increase. The pace of growth was the most pronounced in 2015 when imports increased by X%. Over the period under review, imports of hit record highs at $X in 2021; however, from 2022 to 2023, imports failed to regain momentum.
Imports by Country
South Korea was the major importing country with an import of around X tons, which resulted at X% of total imports. It was distantly followed by China (X tons), Japan (X tons) and Taiwan (Chinese) (X tons), together committing a X% share of total imports. Hong Kong SAR (X tons) held a relatively small share of total imports.
Imports into South Korea increased at an average annual rate of X% from 2012 to 2023. At the same time, Taiwan (Chinese) (X%), China (X%) and Japan (X%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2023. Hong Kong SAR experienced a relatively flat trend pattern. China (X p.p.) and Taiwan (Chinese) (X p.p.) significantly strengthened its position in terms of the total imports, while Hong Kong SAR, South Korea and Japan saw its share reduced by X%, X% and X% from 2012 to 2023, respectively.
In value terms, South Korea ($X) constitutes the largest market for imported sunflower-seed or safflower oil, refined, but not chemically modified in Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with an X% share of total imports. It was followed by China, with a X% share.
From 2012 to 2023, the average annual growth rate of value in South Korea amounted to X%. In the other countries, the average annual rates were as follows: Japan (X% per year) and China (X% per year).
Import Prices by Country
In 2023, the import price in Eastern Asia amounted to $X per ton, declining by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, import prices hit record highs at $X per ton in 2022, and then reduced in the following year.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while China ($X per ton) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Japan (X%), while the other leaders experienced mixed trends in the import price figures.
Source: IndexBox Platform
This report provides an in-depth analysis of the market for sunflower-seed or safflower oil, refined, but not chemically modified in Eastern Asia. 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:
- Prodcom 10415400 - Refined sunflower-seed and safflower oil and their fractions (excluding chemically modified)
Country coverage:
- China
- Democratic People's Republic of Korea
- Hong Kong SAR
- Japan
- Macao SAR
- South Korea
- Taiwan (Chinese)
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Production in Eastern Asia, split by region and country
- Trade (exports and imports) in Eastern Asia
- 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
-
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
- CONSUMPTION BY COUNTRY
- 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
- PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
- 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 -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- China
- Hong Kong SAR
- Macao SAR
- Japan
- South Korea
- Taiwan (Chinese)
- Democratic People's Republic of Korea
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 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
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 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, 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, 2012–2023
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