In 2023, Spain and Portugal saw a complete cessation of their exports of refined sunflower-seed and safflower oil. Italy increased its share with a 6.2% year-on-year growth, becoming the largest exporter in Europe. Other notable increases were seen in Greece and Finland, with 14.91% and 16.81% growth, respectively. Belgium faced the most significant decrease of 17.47%. Over the last five years, the compound annual growth rate varied, indicating fluctuating trends across countries.
Looking ahead in 2024, the European market for refined sunflower-seed and safflower oil might stabilize with Italy and Hungary potentially leading exports. Watch for potential market diversification due to geopolitical shifts impacting oilseed supply and demand patterns.
Top countries in Export of Refined Sunflower-Seed and Safflower Oil Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 23.1 | 2023 | -6.93% | View data | |
| 2 | 2 Italy | 22.7 | 2023 | +3.27% | +6.2% | View data |
| 3 | 3 France | 16.81 | 2023 | +8.86% | +0.11% | View data |
| 4 | 4 Hungary | 11.1 | 2023 | +3.04% | +3.15% | View data |
| 5 | 5 Germany | 9.61 | 2023 | +0.026% | -3.41% | View data |
| 6 | 6 Bulgaria | 3.48 | 2023 | +4.34% | +3.3% | View data |
| 7 | 7 Romania | 2.7 | 2023 | +4.5% | +12.12% | View data |
| 8 | 8 Belgium | 2.35 | 2023 | -17.08% | -17.47% | View data |
| 9 | 9 Greece | 1.88 | 2023 | -13.92% | +14.91% | View data |
| 10 | 10 Austria | 1.83 | 2023 | +8.12% | +3.79% | View data |
