United Kingdom - 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 the UK - 2023
Contents:
- Price for Crude Sunflower-Seed and Safflower Oil in the UK (CIF) - 2022
- Price for Crude Sunflower-Seed and Safflower Oil in the UK (FOB) - 2022
- Imports of Crude Sunflower-Seed and Safflower Oil in the UK
- Exports of Crude Sunflower-Seed and Safflower Oil in the UK
Price for Crude Sunflower-Seed and Safflower Oil in the UK (CIF) - 2022
The average import price for crude sunflower-seed and safflower oil stood at $1,946 per ton in 2022, growing by 43% against the previous year. In general, the import price continues to indicate perceptible growth. The pace of growth appeared the most rapid in 2021 an increase of 45%. The import price peaked in 2022 and is likely to see gradual growth in the near future.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Hungary ($2,918 per ton), while the price for Bulgaria ($1,470 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Crude Sunflower-Seed and Safflower Oil in the UK (FOB) - 2022
The average export price for crude sunflower-seed and safflower oil stood at $1,705 per ton in 2022, waning by -11.4% against the previous year. Overall, the export price recorded a perceptible decrease. The most prominent rate of growth was recorded in 2021 when the average export price increased by 53%. Over the period under review, the average export prices hit record highs at $2,081 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($3,269 per ton), while the average price for exports to Thailand ($1,251 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (+2.5%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Crude Sunflower-Seed and Safflower Oil in the UK
For the third year in a row, the UK recorded decline in supplies from abroad of crude sunflower-seed and safflower oil, which decreased by -22.1% to 130K tons in 2022. Overall, imports showed a dramatic downturn. The smallest decline of -0.1% was in 2021.
In value terms, crude sunflower-seed and safflower oil imports expanded sharply to $252M in 2022. Over the period under review, total imports indicated a measured expansion from 2019 to 2022: its value increased at an average annual rate of +2.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 45%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.
Import of Crude Sunflower-Seed and Safflower Oil in the UK (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Ukraine | 88.6 | 85.4 | 186 | 147 | 18.4% |
France | 47.1 | 31.4 | 7.4 | 31.4 | -12.6% |
Bulgaria | 29.3 | 11.6 | N/A | 28.7 | -0.7% |
Hungary | N/A | N/A | N/A | 21.7 | 0% |
Germany | 1.0 | 1.7 | 2.4 | 12.2 | 130.2% |
Netherlands | 61.1 | 25.6 | 29.5 | 9.1 | -47.0% |
Others | 5.7 | 1.1 | 1.5 | 2.1 | -28.3% |
Total | 233 | 157 | 227 | 252 | 2.6% |
Top Suppliers of Crude Sunflower-Seed and Safflower Oil to the UK in 2022:
- Ukraine (77.1K tons)
- Bulgaria (19.5K tons)
- France (14.8K tons)
- Hungary (7.5K tons)
- Germany (6.5K tons)
- Netherlands (3.5K tons)
Exports of Crude Sunflower-Seed and Safflower Oil in the UK
For the third year in a row, the UK recorded decline in shipments abroad of crude sunflower-seed and safflower oil, which decreased by -11.3% to 495 tons in 2022. Over the period under review, exports showed a dramatic decrease.
In value terms, crude sunflower-seed and safflower oil exports fell remarkably to $844K in 2022. Overall, exports showed a precipitous decline.
Export of Crude Sunflower-Seed and Safflower Oil in the UK (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Thailand | 862 | 582 | 501 | 210 | -37.5% |
Netherlands | 246 | 731 | 10.9 | 199 | -6.8% |
Gambia | N/A | N/A | N/A | 103 | 0% |
Ghana | N/A | N/A | N/A | 97.8 | 0% |
United Arab Emirates | 1.8 | 38.9 | 11.2 | 56.1 | 214.7% |
Norway | N/A | 28.5 | 36.1 | 24.0 | -8.2% |
Ireland | 360 | 95.3 | 38.8 | 20.9 | -61.3% |
France | 103 | 34.8 | 9.9 | 1.9 | -73.6% |
Belgium | 2,121 | 3.3 | 9.8 | 1.5 | -91.1% |
China | 635 | 66.3 | 33.5 | N/A | -77.0% |
Others | 619 | 654 | 423 | 129 | -40.7% |
Total | 4,948 | 2,235 | 1,073 | 844 | -44.5% |
Top Export Markets for Crude Sunflower-Seed and Safflower Oil from the UK in 2022:
- Thailand (167.9 tons)
- Netherlands (150.4 tons)
- Ghana (59.0 tons)
- Gambia (40.0 tons)
- United Arab Emirates (17.2 tons)
- Ireland (10.4 tons)
- Norway (10.0 tons)
- France (1.1 tons)
- Belgium (0.7 tons)
This report provides an in-depth analysis of the market for crude sunflower-seed and safflower oil in the UK. 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:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- 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
-
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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