In 2023, Spain was the largest European exporter of refined sunflower-seed and safflower oils. However, its exports are forecasted to drop significantly to zero in 2024. Italy and France have shown modest growth. Germany experienced a slight decline, whereas Romania and Greece saw double-digit increases. Belgium and Portugal recorded significant declines, due notably to market disruptions. Emerging trends include Slovenia's remarkable growth and Denmark’s and Finland’s relatively high increases. Malta, while minimal, stagnated.
Looking ahead, the European market could be influenced by shifts in domestic agricultural policies, changes in global demand, and regional geopolitical issues affecting trade routes and competitive pricing. Sustainability and organic certifications's popularity could also impact market dynamics. Watching these trends provides useful insights into future market directions.
Top countries in Export of Refined Sunflower-Seed and Safflower Oil by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 707,580,000 | 2023 | -6.93% | View data | |
| 2 | 2 Italy | 695,160,000 | 2023 | +3.27% | +6.2% | View data |
| 3 | 3 France | 514,830,000 | 2023 | +8.86% | +0.11% | View data |
| 4 | 4 Hungary | 339,840,000 | 2023 | +3.04% | +3.15% | View data |
| 5 | 5 Germany | 294,390,000 | 2023 | +0.026% | -3.41% | View data |
| 6 | 6 Bulgaria | 106,520,000 | 2023 | +4.34% | +3.3% | View data |
| 7 | 7 Romania | 82,780,000 | 2023 | +4.5% | +12.12% | View data |
| 8 | 8 Belgium | 71,850,000 | 2023 | -17.08% | -17.47% | View data |
| 9 | 9 Greece | 57,638,000 | 2023 | -13.92% | +14.91% | View data |
| 10 | 10 Austria | 55,960,000 | 2023 | +8.12% | +3.79% | View data |
