Finland: Market for Sunflower-Seed And Safflower Oil 2022

Market Size for Sunflower-Seed And Safflower Oil in Finland

After two years of growth, the Finnish sunflower-seed and safflower oil market decreased by -X% to $X in 2021. The market value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Sunflower-seed and safflower oil consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Production of Sunflower-Seed And Safflower Oil in Finland

In value terms, sunflower-seed and safflower oil production contracted to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Sunflower-seed and safflower oil production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Exports of Sunflower-Seed And Safflower Oil

Exports from Finland

In 2021, after five years of decline, there was significant growth in overseas shipments of sunflower-seed and safflower oil, when their volume increased by X% to X tons. Over the period under review, exports, however, saw a perceptible reduction. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, sunflower-seed and safflower oil exports soared to $X in 2021. Overall, exports, however, saw a perceptible downturn. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Estonia (X tons) was the main destination for sunflower-seed and safflower oil exports from Finland, accounting for a X% share of total exports. Moreover, sunflower-seed and safflower oil exports to Estonia exceeded the volume sent to the second major destination, Saudi Arabia (X tons), ninefold.

From 2012 to 2021, the average annual growth rate of volume to Estonia amounted to +X%.

In value terms, the largest markets for sunflower-seed and safflower oil exported from Finland were Estonia ($X) and Saudi Arabia ($X, with a CAGR of +X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

In 2021, the average sunflower-seed and safflower oil export price amounted to $X per ton, jumping by X% against the previous year. Over the period under review, export price indicated a mild increase from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, sunflower-seed and safflower oil export price decreased by -X% against 2019 indices. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Estonia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (X%).

Imports of Sunflower-Seed And Safflower Oil

Imports into Finland

Sunflower-seed and safflower oil imports into Finland was estimated at X tons in 2021, with an increase of X% against 2020. Over the period under review, imports recorded a measured increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, sunflower-seed and safflower oil imports skyrocketed to $X in 2021. In general, imports showed noticeable growth. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Imports peaked in 2021 and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) constituted the largest sunflower-seed and safflower oil supplier to Finland, with a X% share of total imports. Moreover, sunflower-seed and safflower oil imports from Germany exceeded the figures recorded by the second-largest supplier, Poland (X tons), fourfold. The third position in this ranking was taken by the Netherlands (X tons), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+X% per year) and the Netherlands (+X% per year).

In value terms, Germany ($X) constituted the largest supplier of sunflower-seed and safflower oil to Finland, comprising X% of total imports. The second position in the ranking was held by Poland ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+X% per year) and the Netherlands (+X% per year).

Import Prices by Country

In 2021, the average sunflower-seed and safflower oil import price amounted to $X per ton, with an increase of X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Denmark ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lithuania (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

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