In 2023, Russia dominated the global export of sunflower or safflower oil and fractions simply refined, with a significant share, followed by Ukraine and Hungary. France and Spain also contributed notable portions. Russia's exports grew by 5.37% year-on-year, while Ukraine's increased by 4.55%. Conversely, the United States experienced a decline of 2.64%. Other notable increases include Bosnia and Herzegovina and the Czech Republic, with year-on-year growths of 7.04% and 11.22%, respectively.
Over the past five years, the overall trend in this sector demonstrated moderate growth, suggesting a stable expansion across various countries. Looking forward, attention should be given to geopolitical tensions affecting large exporters like Russia and Ukraine, sustainability practices, and changes in global dietary trends which could influence demand patterns. Emerging markets with burgeoning production capabilities might alter the competitive landscape.
Top countries in Export of Sunflower or Safflower Oil and Fractions Simply Refined Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Russia | 17.81 | 2023 | +3.94% | +5.37% | View data |
| 2 | 2 Ukraine | 15.33 | 2023 | +3.99% | +4.55% | View data |
| 3 | 3 Hungary | 9.39 | 2023 | +2.55% | +2.94% | View data |
| 4 | 4 France | 7.71 | 2023 | +2.42% | +1.26% | View data |
| 5 | 5 Spain | 5.98 | 2023 | +3.78% | +4.01% | View data |
| 6 | 6 Netherlands | 5.36 | 2023 | +0.84% | +0.58% | View data |
| 7 | 7 Germany | 4.73 | 2023 | +3.07% | +3.58% | View data |
| 8 | 8 Belgium | 4.15 | 2023 | +1.43% | +0.72% | View data |
| 9 | 9 Argentina | 3.85 | 2023 | +3% | +3.23% | View data |
| 10 | 10 Bulgaria | 3.21 | 2023 | +4.54% | +4.85% | View data |
