Sudan - Crude Sunflower-Seed And Safflower Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Crude Sunflower-Seed and Safflower Oil in Sudan - 2022
Contents:
- Price for Crude Sunflower-Seed and Safflower Oil in Sudan (CIF) - 2022
- Price for Crude Sunflower-Seed and Safflower Oil in Sudan (FOB) - 2022
- Imports of Crude Sunflower-Seed and Safflower Oil in Sudan
- Exports of Crude Sunflower-Seed and Safflower Oil in Sudan
Price for Crude Sunflower-Seed and Safflower Oil in Sudan (CIF) - 2022
The average import price for crude sunflower-seed and safflower oil stood at $1,029 per ton in 2022, declining by -23.4% against the previous year. Over the period under review, the import price saw a mild descent. The most prominent rate of growth was recorded in 2021 an increase of 77%. As a result, import price reached the peak level of $1,344 per ton, and then fell rapidly in the following year.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Ukraine ($1,075 per ton), while the price for Russia totaled $1,016 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (-1.2%).
Price for Crude Sunflower-Seed and Safflower Oil in Sudan (FOB) - 2022
The average export price for crude sunflower-seed and safflower oil stood at $1,819 per ton in 2022, approximately reflecting the previous year. In general, the export price, however, continues to indicate a prominent increase. The growth pace was the most rapid in 2019 when the average export price increased by 63%. Over the period under review, the average export prices hit record highs at $1,835 per ton in 2021, and then dropped slightly in the following year.
As there is only one major export destination, the average price level is determined by prices for Switzerland.
From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +305.8% per year.
Imports of Crude Sunflower-Seed and Safflower Oil in Sudan
In 2022, the amount of crude sunflower-seed and safflower oil imported into Sudan rose markedly to 118K tons, growing by 8.6% against 2021 figures. The total import volume increased at an average annual rate of +11.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 48%. As a result, imports attained the peak of 127K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, crude sunflower-seed and safflower oil imports contracted notably to $121M in 2022. Over the period under review, imports posted significant growth. The pace of growth was the most pronounced in 2020 with an increase of 67%.
Import of Crude Sunflower-Seed and Safflower Oil in Sudan (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Russia | 41.3 | 58.3 | 84.7 | 96.4 | 32.7% |
Ukraine | 16.1 | 37.7 | 46.6 | 23.9 | 14.1% |
Bulgaria | N/A | N/A | 13.5 | N/A | 0% |
Others | 0.5 | 0.6 | 0.8 | 0.9 | 21.6% |
Total | 57.9 | 96.6 | 146 | 121 | 27.9% |
Top Suppliers of Crude Sunflower-Seed and Safflower Oil to Sudan in 2022:
- Russia (94.8K tons)
- Ukraine (22.2K tons)
Exports of Crude Sunflower-Seed and Safflower Oil in Sudan
In 2022, the amount of crude sunflower-seed and safflower oil exported from Sudan rose notably to 444 tons, increasing by 13% on 2021. Overall, total exports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +20.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -10.1% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 92%. As a result, the exports reached the peak of 493 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, crude sunflower-seed and safflower oil exports rose sharply to $807K in 2022. Over the period under review, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +21.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -9.5% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 96%. As a result, the exports attained the peak of $892K. From 2021 to 2022, the growth of the exports failed to regain momentum.
Export of Crude Sunflower-Seed and Safflower Oil in Sudan (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Switzerland | 456 | 892 | 722 | 807 | 21.0% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 456 | 892 | 722 | 807 | 21.0% |
Top Export Markets for Crude Sunflower-Seed and Safflower Oil from Sudan in 2022:
- Switzerland (443.6 tons)
This report provides an in-depth analysis of the market for crude sunflower-seed and safflower oil in Sudan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 268 - Oil of Sunflower Seed
- FCL 281 - Oil of Safflower Seed
Country coverage:
- Sudan
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Sudan
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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Over the past year, the prices for sunflower oil have doubled, against robust demand and depleting sunflower seed stocks. The dry weather conditions negatively affected the sunflower crop yield in 2020, but the market is now seeing a sturdy recovery. The production of sunflower oil is forecast to increase in 2021 driven by strong demand that promotes investments in the expansion of harvested areas.
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