India: Market for Sunflower-Seed And Safflower Oil 2022

Market Size for Sunflower-Seed And Safflower Oil in India

The Indian sunflower-seed and safflower oil market amounted to $X in 2021, growing by X% against the previous year. In general, the total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +X% against 2019 indices. Over the period under review, the market attained the maximum level in 2021 and is likely to continue growth in the immediate term.

Production of Sunflower-Seed And Safflower Oil in India

In value terms, sunflower-seed and safflower oil production amounted to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a abrupt setback. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Sunflower-Seed And Safflower Oil

Exports from India

In 2021, the amount of sunflower-seed and safflower oil exported from India expanded modestly to X tons, increasing by X% compared with 2020. Overall, exports showed a buoyant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, sunflower-seed and safflower oil exports surged to $X in 2021. Over the period under review, exports enjoyed strong growth. The most prominent rate of growth was recorded in 2015 when exports increased by X%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

Exports by Country

Myanmar (X tons), Singapore (X tons) and the United Arab Emirates (X tons) were the main destinations of sunflower-seed and safflower oil exports from India, with a combined X% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Myanmar (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sunflower-seed and safflower oil exported from India were Singapore ($X), Myanmar ($X) and the United Arab Emirates ($X), with a combined X% share of total exports.

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

Export Prices by Country

In 2021, the average sunflower-seed and safflower oil export price amounted to $X per ton, increasing by X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sunflower-Seed And Safflower Oil

Imports into India

In 2021, after five years of growth, there was significant decline in supplies from abroad of sunflower-seed and safflower oil, when their volume decreased by -X% to X tons. Over the period under review, imports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. Imports peaked at X tons in 2020, and then fell sharply in the following year.

In value terms, sunflower-seed and safflower oil imports soared to $X in 2021. Overall, total imports indicated a buoyant expansion from 2012 to 2021: its value 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, imports increased by +X% against 2019 indices. The growth pace was the most rapid in 2017 when imports increased by X%. Over the period under review, imports reached the maximum in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

In 2021, Ukraine (X tons) constituted the largest supplier of sunflower-seed and safflower oil to India, with a X% share of total imports. Moreover, sunflower-seed and safflower oil imports from Ukraine exceeded the figures recorded by the second-largest supplier, Russia (X tons), sixfold.

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

In value terms, Ukraine ($X) constituted the largest supplier of sunflower-seed and safflower oil to India, comprising X% of total imports. The second position in the ranking was taken by Russia ($X), with a X% share of total imports.

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

Import Prices by Country

In 2021, the average sunflower-seed and safflower oil import price amounted to $X per ton, jumping by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was Argentina ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

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