In 2023, India held the largest share of global sunflowerseed oil demand at 15.94 thousand metric tons, followed by Russia (14.68), and China (5.51). Countries like Spain, Argentina, and Iraq also showed substantial demand. Notably, the United States had a significant year-on-year increase of 2.44%, while Hungary saw the highest growth of 6.29% in 2023. Negative growth was observed in countries like Ukraine and Argentina.
Looking ahead, we anticipate emerging markets like Tanzania and Hungary to continue their upward trajectory. Innovations in agricultural practices and trade dynamics will be critical factors to watch, potentially reshaping demand patterns globally.
Top countries in Sunflowerseed Oil Demand Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 India | 15.94 | 2023 | +2.56% | +0.91% | View data |
| 2 | 2 Russia | 14.68 | 2023 | +0.64% | +0.4% | View data |
| 3 | 3 China | 5.51 | 2023 | +1.01% | +1.69% | View data |
| 4 | 4 Spain | 5.25 | 2023 | +1.49% | +2.08% | View data |
| 5 | 5 Argentina | 4.18 | 2023 | +0.66% | -0.29% | View data |
| 6 | 6 Iraq | 2.97 | 2023 | +1.13% | +0.68% | View data |
| 7 | 7 Italy | 2.63 | 2023 | +0.85% | +0.82% | View data |
| 8 | 8 France | 2.22 | 2023 | +0.25% | +0.1% | View data |
| 9 | 9 Ukraine | 2.19 | 2023 | +8.17% | View data | |
| 10 | 10 Germany | 2.01 | 2023 | +1.39% | +1.07% | View data |