Germany: 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 Germany

For the fourth consecutive year, the German 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. In general, the total consumption indicated a prominent expansion 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, consumption increased by X% against 2015 indices. Over the period under review, the market attained the maximum level in 2023 and is likely to continue growth in the near future.

Production of Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified in Germany

In value terms, production of sunflower-seed or safflower oil, refined, but not chemically modified surged to $X in 2023 estimated in export price. Over the period under review, the total production indicated a notable 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. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Exports of Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified

Exports from Germany

In 2023, overseas shipments of sunflower-seed or safflower oil, refined, but not chemically modified decreased by X% to X tons, falling for the second year in a row after ten years of growth. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, exports of sunflower-seed or safflower oil, refined, but not chemically modified declined rapidly to $X in 2023. Overall, total exports indicated slight growth 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, exports decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, the exports reached the peak of $X. From 2022 to 2023, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for exports of sunflower-seed or safflower oil, refined, but not chemically modified from Germany, with a X% share of total exports. Moreover, exports of sunflower-seed or safflower oil, refined, but not chemically modified to the Netherlands exceeded the volume sent to the second major destination, Belgium (X tons), twofold. Sweden (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual growth rate of volume to the Netherlands totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (X% per year) and Sweden (X% per year).

In value terms, the Netherlands ($X) remains the key foreign market for sunflower-seed or safflower oil, refined, but not chemically modified exports from Germany, comprising X% of total exports. The second position in the ranking was held by Belgium ($X), with a X% share of total exports. It was followed by Sweden, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to the Netherlands totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (X% per year) and Sweden (X% per year).

Export Prices by Country

In 2023, the average export price for sunflower-seed or safflower oil, refined, but not chemically modified amounted to $X per ton, rising by X% against the previous year. Overall, export price indicated a pronounced increase from 2012 to 2023: its price 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, export price for sunflower-seed or safflower oil, refined, but not chemically modified increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of X%. The export price peaked in 2023 and is likely to see gradual growth in the near future.

Average prices varied somewhat for the major external markets. In 2023, amid the top suppliers, the highest price was recorded for prices to Switzerland ($X per ton) and Austria ($X per ton), while the average price for exports to Belgium ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Poland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified

Imports into Germany

In 2023, imports of sunflower-seed or safflower oil, refined, but not chemically modified into Germany plummeted to X tons, waning by X% on the year before. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2022 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons, and then shrank remarkably in the following year.

In value terms, imports of sunflower-seed or safflower oil, refined, but not chemically modified contracted sharply to $X in 2023. In general, imports, however, recorded notable growth. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, imports reached the peak of $X, and then contracted dramatically in the following year.

Imports by Country

The Netherlands (X tons), Hungary (X tons) and Belgium (X tons) were the main suppliers of imports of sunflower-seed or safflower oil, refined, but not chemically modified to Germany, with a combined X% share of total imports. Ukraine, Austria, Bosnia and Herzegovina, the Czech Republic, Italy, France, Spain and Poland lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bosnia and Herzegovina (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Hungary ($X) and Belgium ($X) constituted the largest sunflower-seed or safflower oil, refined, but not chemically modified suppliers to Germany, together accounting for X% of total imports. Austria, Ukraine, Bosnia and Herzegovina, Italy, the Czech Republic, France, Spain and Poland lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Bosnia and Herzegovina, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average import price for sunflower-seed or safflower oil, refined, but not chemically modified amounted to $X per ton, which is down by X% against the previous year. In general, import price indicated a notable expansion from 2012 to 2023: its price 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, import price for sunflower-seed or safflower oil, refined, but not chemically modified increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton, and then shrank in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was France ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform