In 2024, Ukraine and Russia are the dominant forces in global sunflower seed oil production, holding 31.72% and 24.4% of the market share, respectively. Argentina follows with 7.27%, while Hungary and France round out the top five, each with under 4%. Smaller players like Bulgaria, Spain, and Romania hover around the 2-3% mark. Notable growth areas include Bosnia and Herzegovina, Belarus, and Uzbekistan, indicating emerging markets. Conversely, significant declines are evident in Poland, India, and Myanmar, highlighting potential areas of concern.
Looking ahead, continuous monitoring of shifts among dominant producers is critical. The geopolitical environment, particularly in Eastern Europe, could significantly impact supply chains and production capabilities. Emerging markets such as Belarus and Uzbekistan show promise for expansion. Additionally, fluctuations in agricultural policies and climate conditions will play crucial roles in shaping future market dynamics for sunflower seed oil production.
Top countries in Sunflowerseed Oil Production Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Ukraine | 31.72 | 2023 | +1.97% | +1.17% | View data |
| 2 | 2 Russia | 24.4 | 2023 | +1.02% | +0.94% | View data |
| 3 | 3 Argentina | 7.27 | 2023 | +2.04% | +2.12% | View data |
| 4 | 4 Hungary | 3.89 | 2023 | +1.84% | +2.26% | View data |
| 5 | 5 France | 3.02 | 2023 | +0.5% | -0.43% | View data |
| 6 | 6 Bulgaria | 2.64 | 2023 | +1.93% | +1.59% | View data |
| 7 | 7 Spain | 2.56 | 2023 | +0.2% | -0.58% | View data |
| 8 | 8 Romania | 2.54 | 2023 | +0.8% | -0.31% | View data |
| 9 | 9 Netherlands | 1.44 | 2023 | +1.06% | -0.48% | View data |
| 10 | 10 Kazakhstan | 1.37 | 2023 | +1.11% | +0.67% | View data |