In 2023, India dominated the global sunflowerseed oil import market with a significant volume, followed by China and Spain. Notable growth was observed in Spain, Chile, and Tajikistan with over 5% increase, while Egypt and Uzbekistan faced declines in imports. Over the past five years, mature markets showed steady trends, while emerging markets such as Tunisia experienced rapid growth. The United States and many European countries maintained modest market shares with limited fluctuations.
Future trends to watch include the impact of dietary shifts towards healthier oils, global economic fluctuations, and potential geopolitical tensions affecting major exporting regions. Policy changes in key importing countries could also alter trade dynamics significantly.
Top countries in Sunflowerseed Oil Import Volume Share by Country (Thousand Metric Tons)
# | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
---|---|---|---|---|---|---|
1 | 1 India | 21.15 | 2023 | +2.41% | +1.78% | View data |
2 | 2 China | 6.8 | 2023 | +2.05% | +3.22% | View data |
3 | 3 Spain | 5.44 | 2023 | +2.58% | +5.06% | View data |
4 | 4 Italy | 5.33 | 2023 | +2.31% | +1.74% | View data |
5 | 5 Iraq | 4.32 | 2023 | +0.94% | +1.15% | View data |
6 | 6 Iran | 4.31 | 2023 | +1.71% | +1.4% | View data |
7 | 7 Netherlands | 4.23 | 2023 | +0.57% | +1.43% | View data |
8 | 8 Belgium | 3.66 | 2023 | +1.56% | +0.86% | View data |
9 | 9 Germany | 3.55 | 2023 | +1.38% | +1.03% | View data |
10 | 10 United Kingdom of Great Britain and Northern Ireland | 2.57 | 2023 |