Global Sunflower Oilcake Market 2024

Sunflower Oilcake Market Size

The global sunflower oilcake market skyrocketed to $X in 2022, increasing by X% against the previous year. Over the period under review, consumption recorded a buoyant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Sunflower Oilcake Production

In value terms, sunflower oilcake production dropped modestly to $X in 2022 estimated in export price. Overall, the total production indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, global production reached the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Sunflower Oilcake Exports

Exports

In 2022, global sunflower oilcake exports rose sharply to X tons, growing by X% against the previous year's figure. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when exports increased by X%. Over the period under review, the global exports reached the maximum at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, sunflower oilcake exports surged to $X in 2022. Over the period under review, total exports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2016 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Ukraine (X tons), distantly followed by Russia (X tons), Bulgaria (X tons), Argentina (X tons) and Hungary (X tons) were the main exporters of sunflower oilcake, together generating X% of total exports. Romania (X tons), the Netherlands (X tons), Kazakhstan (X tons), Moldova (X tons), Latvia (X tons) and Turkey (X tons) took a minor share of total exports.

From 2012 to 2022, the biggest increases were recorded for Latvia (with a CAGR of X%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, Russia ($X), Ukraine ($X) and Bulgaria ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of global exports. Hungary, Argentina, Romania, the Netherlands, Turkey, Latvia, Moldova and Kazakhstan lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Latvia, 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 global leaders experienced more modest paces of growth.

Export Prices by Country

The average sunflower oilcake export price stood at $X per ton in 2022, growing by X% against the previous year. Overall, export price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sunflower oilcake export price increased by X% against 2017 indices. The pace of growth appeared the most rapid in 2013 when the average export price increased by X%. The global export price peaked in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%), while the other global leaders experienced more modest paces of growth.

Sunflower Oilcake Imports

Imports

Global sunflower oilcake imports skyrocketed to X tons in 2022, jumping by X% on the previous year. Overall, total imports indicated a notable increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. Global imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, sunflower oilcake imports skyrocketed to $X in 2022. Over the period under review, total imports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Over the period under review, global imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X tons), distantly followed by Turkey (X tons), Italy (X tons), France (X tons), the Netherlands (X tons) and Poland (X tons) represented the largest importers of sunflower oilcake, together comprising X% of total imports. Germany (X tons), Belarus (X tons), the UK (X tons), Morocco (X tons), Latvia (X tons), Spain (X tons) and Belgium (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported sunflower oilcake worldwide, comprising X% of global imports. The second position in the ranking was taken by Turkey ($X), with a X% share of global imports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to X%. In the other countries, the average annual rates were as follows: Turkey (X% per year) and France (X% per year).

Import Prices by Country

The average sunflower oilcake import price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sunflower oilcake import price increased by X% against 2017 indices. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Global import price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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