In 2023, India led global sunflowerseed oil demand, followed by Russia and China. Notably, Spain and Argentina rounded out the top five, with Spain showing a notable 2023 demand increase. The United States exhibited a strong year-on-year growth of 2.44%, while Colombia saw a significant decline of 21.54%. Several African and Middle Eastern countries, such as Angola and Egypt, showed contrasting trends, with Egypt's demand decreasing by 1.11% while Angola's increased by 7.39%.
For future trends, monitor the rising health-conscious consumer base and their preference for plant-based oils. Emerging markets and changing geopolitical factors may disrupt or boost sunflowerseed oil trade flows. Watch areas like weather conditions and agricultural innovations, which can influence production and export capacities.
Top countries in Sunflowerseed Oil Demand by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 India | 2,890 | 2023 | +2.56% | +0.91% | View data |
| 2 | 2 Russia | 2,660 | 2023 | +0.64% | +0.4% | View data |
| 3 | 3 China | 998 | 2023 | +1.01% | +1.69% | View data |
| 4 | 4 Spain | 952 | 2023 | +1.49% | +2.08% | View data |
| 5 | 5 Argentina | 758 | 2023 | +0.66% | -0.29% | View data |
| 6 | 6 Iraq | 539 | 2023 | +1.13% | +0.68% | View data |
| 7 | 7 Italy | 476 | 2023 | +0.85% | +0.82% | View data |
| 8 | 8 France | 403 | 2023 | +0.25% | +0.1% | View data |
| 9 | 9 Ukraine | 397 | 2023 | +8.17% | View data | |
| 10 | 10 Germany | 365 | 2023 | +1.39% | +1.07% | View data |
