The price of sunflower oil in Spain exhibited a marked fluctuation from 2010 to 2020. Starting at €1.5 per kilogram in 2010, the price peaked at €1.75 in 2011 before entering a downward trend that continued through 2020, where it reached a low of €1.04. The most notable declines occurred between 2014 and 2020, reflecting a consistent decrease in cost. Over the last two years, the prices reduced by approximately 10%, while the average compound annual growth rate over the last five years was negative, as prices steadily dipped year-over-year.
Looking forward into 2024 and beyond, the market may experience changes due to geopolitical influences and fluctuating market demands. Watch for global supply chain dynamics and changes in agricultural policies in Europe, which could impact production costs and subsequently influence sunflower oil prices in the region. Environmental and sustainability factors may also increasingly shape production practices and pricing trends.
