In 2023, Ukraine and Russia were the largest exporters of sunflower seed oil, with Ukraine exporting 5.6 million metric tons despite a slight year-on-year decline of 1.58%. Russia experienced a 10.02% increase, reaching 4.28 million metric tons. Argentina also saw growth with a 3.21% uptick. Kazakhstan and Moldova had notable increases of 27.92% and 18.71% respectively, while smaller markets like Belarus grew significantly by 92.84%. The CAGR over the past five years shows a steady expansion trend in global sunflower seed oil exports, with certain countries like Belarus emerging strongly.
Future trends to watch include potential geopolitical factors affecting Ukraine and Russia, technological advancements in agricultural practices, and growing demand in new markets. Countries like Kazakhstan and Moldova could continue to capitalize on their current growth trajectory, while monitoring the effects of climate change on production levels is crucial. Trade policies and international relations will likely play a pivotal role in shaping export dynamics in the coming years.
Top countries in Sunflower Seed Oil Export by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Ukraine | 5,600 | 2023 | -1.46% | -1.58% | View data |
| 2 | 2 Russia | 4,280 | 2023 | +5.56% | +10.02% | View data |
| 3 | 3 Argentina | 1,000 | 2023 | 0% | +3.21% | View data |
| 4 | 4 Kazakhstan | 250 | 2023 | -16.67% | +27.92% | View data |
| 5 | 5 Moldova | 165 | 2023 | +37.5% | +18.71% | View data |
| 6 | 6 Serbia | 155 | 2023 | +24% | -3.79% | View data |
| 7 | 7 Belarus | 80 | 2023 | +23.08% | +92.84% | View data |
| 8 | 8 Bolivia | 65 | 2023 | -9.72% | +1.61% | View data |
| 9 | 9 South Africa | 60 | 2023 | +20% | -1.89% | View data |
| 10 | 10 United States | 39 | 2023 | +18.18% | -6.64% | View data |