In 2023, Ukraine and Russia dominated the global sunflower seed oil export market, with shares of 40.51% and 30.92%, respectively. Ukraine's share decreased by 1.58%, while Russia saw a significant increase of 10.02%. Argentina maintained a smaller but stable share at 7.23%, experiencing a 3.21% growth. Kazakhstan and Moldova demonstrated strong growth of 27.92% and 18.71%, respectively. Other noteworthy performers include Belarus with a remarkable 92.84% growth and Saudi Arabia with a 10.76% increase. Conversely, South Africa, the United States, Bosnia and Herzegovina, Mexico, Egypt, Morocco, Jordan, and Lebanon all experienced declines.
Future trends to watch include the potential impact of regional geopolitical tensions, technological advancements in agriculture, shifts in global demand patterns, and sustainability efforts. Countries with notable growth rates, like Kazakhstan, Belarus, and Saudi Arabia, may continue to increase their market share, while established leaders like Ukraine and Russia will likely seek to stabilize or expand their dominance.
Top countries in Sunflower Seed Oil Export Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Ukraine | 40.51 | 2023 | -1.46% | -1.58% | View data |
| 2 | 2 Russia | 30.92 | 2023 | +5.56% | +10.02% | View data |
| 3 | 3 Argentina | 7.23 | 2023 | 0% | +3.21% | View data |
| 4 | 4 Kazakhstan | 1.81 | 2023 | -16.67% | +27.92% | View data |
| 5 | 5 Moldova | 1.19 | 2023 | +37.5% | +18.71% | View data |
| 6 | 6 Serbia | 1.12 | 2023 | +24% | -3.79% | View data |
| 7 | 7 Belarus | 0.58 | 2023 | +23.08% | +92.84% | View data |
| 8 | 8 Bolivia | 0.47 | 2023 | -9.72% | +1.61% | View data |
| 9 | 9 South Africa | 0.43 | 2023 | +20% | -1.89% | View data |
| 10 | 10 United States | 0.28 | 2023 | +18.18% | -6.64% | View data |
