CIS: Market for Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified 2024

Market Size for Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified in CIS

The CIS market for sunflower-seed or safflower oil, refined, but not chemically modified rose markedly to $X in 2022, with an increase of X% against the previous year. Overall, consumption saw a relatively flat trend pattern. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the near future.

Production of Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified in CIS

In value terms, production of sunflower-seed or safflower oil, refined, but not chemically modified reached $X in 2022 estimated in export price. Over the period under review, production, however, recorded a mild contraction. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified

Exports in CIS

In 2022, shipments abroad of sunflower-seed or safflower oil, refined, but not chemically modified decreased by X% to X tons, falling for the second year in a row after nine years of growth. In general, exports, however, saw a resilient increase. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, the exports of reached the peak figure at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of sunflower-seed or safflower oil, refined, but not chemically modified contracted sharply to $X in 2022. Over the period under review, exports, however, recorded a buoyant increase. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The level of export peaked at $X in 2021, and then declined sharply in the following year.

Exports by Country

In 2022, Russia (X tons) represented the major exporter of sunflower-seed or safflower oil, refined, but not chemically modified, creating X% of total exports. Kazakhstan (X tons) took the second position in the ranking, followed by Moldova (X tons). All these countries together held near X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to sunflower-seed or safflower oil, refined, but not chemically modified exports from Russia stood at X%. At the same time, Kazakhstan (X%) and Moldova (X%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing exporter exported in the CIS, with a CAGR of X% from 2012-2022. While the share of Kazakhstan (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest sunflower-seed or safflower oil, refined, but not chemically modified supplier in the CIS, comprising X% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a X% share of total exports.

In Russia, exports of sunflower-seed or safflower oil, refined, but not chemically modified expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Kazakhstan (X% per year) and Moldova (X% per year).

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, surging by X% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Moldova ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Moldova (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified

Imports in CIS

In 2022, purchases abroad of sunflower-seed or safflower oil, refined, but not chemically modified decreased by X% to X tons, falling for the second consecutive year after four years of growth. In general, imports, however, recorded a resilient increase. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of sunflower-seed or safflower oil, refined, but not chemically modified reduced to $X in 2022. Over the period under review, imports, however, recorded a buoyant increase. The growth pace was the most rapid in 2017 when imports increased by X%. The level of import peaked at $X in 2021, and then dropped in the following year.

Imports by Country

Belarus (X tons) and Uzbekistan (X tons) were the major importers of sunflower-seed or safflower oil, refined, but not chemically modified in 2022, accounting for approx. X% and X% of total imports, respectively. Kazakhstan (X tons) took the next position in the ranking, followed by Kyrgyzstan (X tons) and Armenia (X tons). All these countries together took approx. X% share of total imports. The following importers - Azerbaijan (X tons) and Tajikistan (X tons) - each finished at a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Azerbaijan (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Uzbekistan ($X), Belarus ($X) and Kazakhstan ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Kyrgyzstan, Armenia, Azerbaijan and Tajikistan lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Azerbaijan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per ton, dropping by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X%. As a result, import price attained the peak level of $X per ton, and then contracted slightly in the following year.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Tajikistan ($X per ton) and Azerbaijan ($X per ton), while Belarus ($X per ton) and Kyrgyzstan ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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