In 2023, Ukraine led the global exports of crude sunflower-seed or safflower oil with a 55.99% market share, followed by Russia at 18.4%. The Netherlands, Bulgaria, and Hungary held moderate shares of 5%, 3.71%, and 3.39% respectively. Although Ukraine and Russia saw year-on-year growths of 3.98% and 4.72%, notable increases occurred in Poland at 55.32% and Macedonia at 25.47%, albeit from a lower base. Conversely, Argentina and Bolivia faced declines of 4.78% and 7.52% respectively.
Future trends to watch include shifts in production capacity, geopolitical factors, and climate conditions affecting key exporters. Furthermore, evolving trade agreements and tariffs will play crucial roles in shaping these export dynamics. Additionally, the growing demand for biofuels may impact the oil market's value distribution.
Top countries in Export of Crude Sunflower-Seed or Safflower Oil Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Ukraine | 55.99 | 2023 | +3.22% | +3.98% | View data |
| 2 | 2 Russia | 18.4 | 2023 | +3.62% | +4.72% | View data |
| 3 | 3 Netherlands | 5 | 2023 | +1.96% | +2.33% | View data |
| 4 | 4 Bulgaria | 3.71 | 2023 | +4.27% | +3.66% | View data |
| 5 | 5 Hungary | 3.39 | 2023 | +3.76% | +4.09% | View data |
| 6 | 6 Argentina | 3.33 | 2023 | -6.61% | -4.78% | View data |
| 7 | 7 France | 1.88 | 2023 | -1.79% | +0.0057% | View data |
| 8 | 8 Romania | 1.87 | 2023 | +2.6% | +1.14% | View data |
| 9 | 9 Czech Republic | 0.95 | 2023 | +4.99% | +3.03% | View data |
| 10 | 10 Moldova | 0.85 | 2023 | +2.94% | +1.8% | View data |
