Eastern Europe: Market for Crude Sunflower-Seed And Safflower Oil 2024

Market Size for Crude Sunflower-Seed And Safflower Oil in Eastern Europe

In 2023, after four years of growth, there was significant decline in the East European market for crude sunflower-seed and safflower oil, when its value decreased by X% to $X. In general, consumption, however, showed a tangible expansion. As a result, consumption attained the peak level of $X, and then shrank dramatically in the following year.

Production of Crude Sunflower-Seed And Safflower Oil in Eastern Europe

In value terms, crude sunflower-seed and safflower oil production fell notably to $X in 2023 estimated in export price. In general, production, however, saw moderate growth. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2022, and then contracted notably in the following year.

Exports of Crude Sunflower-Seed And Safflower Oil

Exports in Eastern Europe

In 2023, overseas shipments of crude sunflower-seed and safflower oil were finally on the rise to reach X tons after two years of decline. Total exports indicated a buoyant increase from 2012 to 2023: its volume 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. The most prominent rate of growth was recorded in 2014 with an increase of X%. The volume of export peaked at X tons in 2020; however, from 2021 to 2023, the exports failed to regain momentum.

In value terms, crude sunflower-seed and safflower oil exports declined to $X in 2023. Over the period under review, exports recorded a perceptible increase. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2022, and then shrank in the following year.

Exports by Country

Ukraine represented the key exporting country with an export of around X tons, which finished at X% of total exports. Russia (X tons) ranks second in terms of the total exports with a X% share, followed by Bulgaria (X%). Hungary (X tons), Romania (X tons), Moldova (X tons) and Poland (X tons) took a minor share of total exports.

Exports from Ukraine increased at an average annual rate of X% from 2012 to 2023. At the same time, Poland (X%), Bulgaria (X%), Moldova (X%), Romania (X%), Hungary (X%) and Russia (X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Bulgaria, Poland, Moldova and Hungary increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ukraine ($X), Russia ($X) and Bulgaria ($X) were the countries with the highest levels of exports in 2023, with a combined X% share of total exports. Hungary, Romania, Poland and Moldova lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Poland, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2023, which is down by X% against the previous year. Overall, the export price showed a mild slump. The growth pace was the most rapid in 2021 an increase of X%. The level of export peaked at $X per ton in 2022, and then shrank dramatically in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Russia ($X per ton), while Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Russia (X%), while the other leaders experienced more modest paces of growth.

Imports of Crude Sunflower-Seed And Safflower Oil

Imports in Eastern Europe

In 2023, the amount of crude sunflower-seed and safflower oil imported in Eastern Europe fell to X tons, waning by X% on the previous year's figure. In general, imports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, imports attained the peak of X tons, and then dropped in the following year.

In value terms, crude sunflower-seed and safflower oil imports declined dramatically to $X in 2023. Over the period under review, imports, however, saw a buoyant expansion. The pace of growth appeared the most rapid in 2022 when imports increased by X%. As a result, imports attained the peak of $X, and then shrank remarkably in the following year.

Imports by Country

Poland represented the main importing country with an import of about X tons, which resulted at X% of total imports. Bulgaria (X tons) ranks second in terms of the total imports with a X% share, followed by Hungary (X%). The following importers - the Czech Republic (X tons), Lithuania (X tons), Belarus (X tons) and Slovakia (X tons) - each resulted at a X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Bulgaria (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest crude sunflower-seed and safflower oil importing markets in Eastern Europe were Poland ($X), Bulgaria ($X) and Hungary ($X), with a combined X% share of total imports.

Hungary, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2023, waning by X% against the previous year. In general, the import price continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Slovakia ($X per ton) and the Czech Republic ($X per ton), while Lithuania ($X per ton) and Poland ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Belarus (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform