The global sunflowerseed oil market showcases varied growth across different countries. In 2023, India leads the demand with a significant volume of 2.63 million metric tons, followed by Russia and Spain. While countries like Germany, Tanzania, and Angola exhibit rapid growth, others like Argentina and Ukraine face declines. Notable increases in emerging markets like Uganda, Malaysia, and Zambia highlight the diversifying demand landscape, offsetting declines in Myanmar and Zimbabwe. Positive trends in Latin America and Africa hint at market expansions over the coming years.
Future trends to observe include:
- Continued growth in Asian markets, particularly driven by India and China.
- Potential shifts in European demand due to agricultural and trade policy changes.
- Expanding markets in Africa and Latin America, spurred by rising health consciousness and economic growth.
Top countries in Sunflowerseed Oil Market Size Volume by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 India | 2,630 | 2023 | +2.54% | +0.91% | View data |
| 2 | 2 Russia | 1,760 | 2023 | +0.46% | +0.22% | View data |
| 3 | 3 Spain | 578 | 2023 | +0.52% | +0.42% | View data |
| 4 | 4 Argentina | 467 | 2023 | 0% | -0.59% | View data |
| 5 | 5 France | 403 | 2023 | +0.25% | +0.1% | View data |
| 6 | 6 Germany | 354 | 2023 | +1.72% | +1.17% | View data |
| 7 | 7 South Africa | 317 | 2023 | +0.63% | +0.45% | View data |
| 8 | 8 Iran | 292 | 2023 | -0.34% | +0.21% | View data |
| 9 | 9 China | 281 | 2023 | +0.72% | +0.73% | View data |
| 10 | 10 Tanzania | 273 | 2023 | +2.63% | +2.7% | View data |