The global sunflowerseed oil market shows diverse trends across countries. In 2023, India leads the consumption at 22.57 thousand metric tons, followed by Russia at 15.14, and Spain at 4.96. Positive year-on-year variations indicate market growth in countries like Germany, Tanzania, Hungary, Zambia, and Malaysia. Some markets like Argentina, Ukraine, and Australia faced declines. Over a five-year trend, the compound annual growth rate (CAGR) reflects steady increases, with substantial growth in regions like Angola and Estonia, alongside significant growth surges in emerging markets like Vietnam and Cuba.
Future trends to watch include rising consumption in developing regions and potential volatility in Europe due to geopolitical factors. Emphasis on sustainability and potential shifts to alternative oils may also impact future sunflowerseed oil market dynamics. Regular monitoring of supply chain disruptions and climate impacts on production will remain crucial.
Top countries in Sunflowerseed Oil Market Size Volume Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 India | 22.57 | 2023 | +2.54% | +0.91% | View data |
| 2 | 2 Russia | 15.14 | 2023 | +0.46% | +0.22% | View data |
| 3 | 3 Spain | 4.96 | 2023 | +0.52% | +0.42% | View data |
| 4 | 4 Argentina | 4.01 | 2023 | 0% | -0.59% | View data |
| 5 | 5 France | 3.46 | 2023 | +0.25% | +0.1% | View data |
| 6 | 6 Germany | 3.04 | 2023 | +1.72% | +1.17% | View data |
| 7 | 7 South Africa | 2.72 | 2023 | +0.63% | +0.45% | View data |
| 8 | 8 Iran | 2.51 | 2023 | -0.34% | +0.21% | View data |
| 9 | 9 China | 2.41 | 2023 | +0.72% | +0.73% | View data |
| 10 | 10 Tanzania | 2.34 | 2023 | +2.63% | +2.7% | View data |
