The global export of sunflower or safflower oil and fractions simply refined was dominated by Russia and Ukraine in 2023, with Russia leading. European countries such as Hungary and France also posted significant export values, reflecting robust market positions. Year-on-year variations showcased the strongest increases in smaller markets like Brunei, Jordan, and South Korea. Meanwhile, Slovakia, Latvia, and Malta saw notable declines. The compounded annual growth rate (CAGR) over the past five years suggests stable growth in the sector, with sporadic fluctuations attributed to global economic conditions and geopolitical tensions.
Future trends to watch include:
- Potential impacts of geopolitical developments in major exporting regions such as Eastern Europe.
- Shifts in consumer preferences towards sustainable and non-GMO oils, affecting the production and export dynamics.
- The expansion of sunflower oil production capacities in other regions, including emerging economies aiming to capture market share.
- Year-on-year performance in rapidly changing markets like Asia and Africa, which may alter traditional trade flows.
- Regulatory changes in major import markets influencing export competitiveness and market entry strategies.
Top countries in Export of Sunflower or Safflower Oil and Fractions Simply Refined by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Russia | 522,090,000 | 2023 | +3.2% | +4.48% | View data |
| 2 | 2 Ukraine | 469,970,000 | 2023 | +3.61% | +4.13% | View data |
| 3 | 3 Hungary | 310,600,000 | 2023 | +1.71% | +1.85% | View data |
| 4 | 4 France | 276,360,000 | 2023 | +1.4% | +0.28% | View data |
| 5 | 5 Spain | 225,660,000 | 2023 | +3.43% | +3.44% | View data |
| 6 | 6 Netherlands | 190,550,000 | 2023 | -0.1% | -0.16% | View data |
| 7 | 7 Germany | 183,590,000 | 2023 | +2.46% | +2.81% | View data |
| 8 | 8 Belgium | 172,520,000 | 2023 | +0.75% | +0.0062% | View data |
| 9 | 9 Argentina | 140,450,000 | 2023 | +2.62% | +2.97% | View data |
| 10 | 10 Bulgaria | 105,110,000 | 2023 | +4.22% | +4.35% | View data |
