Key Market Indicators
Consumption of sunflower oil in Russia is expected to reach 1.8 million metric tons by 2026, up slightly from 1.75 million metric tons in 2021. Since 2017, the country has seen a 0% year-on-year growth in demand. In 2021, Russia was the second-largest consumer of sunflower oil, with India coming in first at 1.75 million metric tons. Russia, Spain, and Argentina respectively ranked 2nd, 3rd, and 4th in the rankings. Production of sunflower oil in Russia is expected to reach 5.95 million metric tons by 2026, growing at an average year-on-year rate of 2.4%. Since 1997, the country has seen a 4.1% year-on-year growth in supply. In 2021, Ukraine was the largest producer of sunflower oil, with Russia, Argentina, and Hungary respectively coming in 2nd, 3rd, and 4th in the rankings.