Azerbaijan - Refined Sunflower-Seed And Safflower Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Azerbaijan - 2023
Contents:
- Price for Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Azerbaijan (CIF) - 2023
- Price for Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Azerbaijan (FOB) - 2023
- Imports of Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Azerbaijan
- Exports of Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Azerbaijan
Price for Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Azerbaijan (CIF) - 2023
In November 2023, the average import price for sunflower-seed or safflower oil, refined, but not chemically modified amounted to $1,050 per ton, picking up by 2.2% against the previous month. In general, the import price, however, saw a perceptible descent. The pace of growth appeared the most rapid in September 2023 when the average import price increased by 8.3% m-o-m. Over the period under review, average import prices attained the maximum at $1,508 per ton in November 2022; however, from December 2022 to November 2023, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In November 2023, the country with the highest price was Turkey ($1,417 per ton), while the price for Russia amounted to $1,039 per ton.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Turkey (-2.6%).
Price for Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Azerbaijan (FOB) - 2023
The average export price for sunflower-seed or safflower oil, refined, but not chemically modified stood at $1,285 per ton in November 2023, therefore, remained relatively stable against the previous month. In general, the export price saw a pronounced decline. The pace of growth was the most pronounced in October 2023 an increase of 4.3% against the previous month. The export price peaked at $1,937 per ton in November 2022; however, from December 2022 to November 2023, the export prices failed to regain momentum.
Average prices varied noticeably for the major overseas markets. In November 2023, the country with the highest price was Iraq ($1,297 per ton), while the average price for exports to Georgia amounted to $1,260 per ton.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (-3.4%).
Imports of Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Azerbaijan
In 2022, overseas purchases of sunflower-seed or safflower oil, refined, but not chemically modified increased by 14% to 13K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports showed a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of sunflower-seed or safflower oil, refined, but not chemically modified skyrocketed to $22M in 2022. In general, imports saw significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 51%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Azerbaijan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 9.8 | 10.6 | 16.0 | 18.9 | 24.5% |
| Turkey | 0.8 | 0.8 | 1.2 | 1.8 | 31.0% |
| Ukraine | 0.7 | 0.2 | 0.4 | 0.4 | -17.0% |
| Others | 0.1 | 0.1 | 0.1 | 0.4 | 58.7% |
| Total | 11.3 | 11.8 | 17.7 | 21.6 | 24.1% |
Top Suppliers of Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified to Azerbaijan in 2022:
- Russia (11.7K tons)
- Turkey (0.8K tons)
- Ukraine (0.2K tons)
Exports of Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Azerbaijan
In 2022, overseas shipments of sunflower-seed or safflower oil, refined, but not chemically modified decreased by -25.1% to 4.5K tons, falling for the second year in a row after two years of growth. Over the period under review, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +7.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -30.2% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 79%. As a result, the exports reached the peak of 6.4K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of sunflower-seed or safflower oil, refined, but not chemically modified reduced slightly to $9.2M in 2022. In general, exports, however, saw significant growth. The growth pace was the most rapid in 2020 when exports increased by 84%.
| Export of Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Azerbaijan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iraq | 1.6 | 3.1 | 5.0 | 5.4 | 50.0% |
| Georgia | 2.0 | 2.7 | 3.8 | 3.7 | 22.8% |
| Turkmenistan | N/A | 0.8 | 0.7 | 0.2 | -50.0% |
| Others | N/A | 0.1 | 0.1 | N/A | 0.0% |
| Total | 3.6 | 6.7 | 9.6 | 9.2 | 36.7% |
Top Export Markets for Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified from Azerbaijan in 2022:
- Iraq (2.6K tons)
- Georgia (1.8K tons)
- Turkmenistan (0.1K tons)
This report provides an in-depth analysis of the market for sunflower-seed or safflower oil, refined, but not chemically modified in Azerbaijan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10415400 - Refined sunflower-seed and safflower oil and their fractions (excluding chemically modified)
Country coverage:
- Azerbaijan
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Azerbaijan
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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Over the past year, the prices for sunflower oil have doubled, against robust demand and depleting sunflower seed stocks. The dry weather conditions negatively affected the sunflower crop yield in 2020, but the market is now seeing a sturdy recovery. The production of sunflower oil is forecast to increase in 2021 driven by strong demand that promotes investments in the expansion of harvested areas.
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3750
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