Italy - 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 Italy - 2023
Contents:
- Price for Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Italy (FOB) - 2023
- Price for Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Italy (CIF) - 2023
- Exports of Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Italy
- Imports of Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Italy
Price for Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Italy (FOB) - 2023
The average export price for sunflower-seed or safflower oil, refined, but not chemically modified stood at $1,616 per ton in October 2023, dropping by -19.3% against the previous month. Over the period under review, the export price recorded a noticeable decline. The pace of growth was the most pronounced in April 2023 when the average export price increased by 25% month-to-month. As a result, the export price reached the peak level of $2,631 per ton. From May 2023 to October 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was the UK ($3,116 per ton), while the average price for exports to Tanzania ($1,061 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+2.7%), while the prices for the other major destinations experienced a decline.
Price for Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Italy (CIF) - 2023
In October 2023, the average import price for sunflower-seed or safflower oil, refined, but not chemically modified amounted to $1,301 per ton, remaining constant against the previous month. In general, the import price saw a noticeable contraction. The pace of growth appeared the most rapid in December 2022 when the average import price increased by 11% against the previous month. As a result, import price attained the peak level of $2,087 per ton. From January 2023 to October 2023, the average import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In October 2023, the country with the highest price was Ukraine ($1,319 per ton), while the price for Russia ($1,005 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by France (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Italy
For the fourth consecutive year, Italy recorded growth in shipments abroad of sunflower-seed or safflower oil, refined, but not chemically modified, which increased by 64% to 62K tons in 2022. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of sunflower-seed or safflower oil, refined, but not chemically modified surged to $140M in 2022. Overall, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 4.6 | 8.2 | 13.6 | 23.7 | 72.7% |
| Spain | 5.0 | 1.7 | 1.9 | 17.8 | 52.7% |
| France | 6.5 | 7.1 | 7.2 | 13.6 | 27.9% |
| United States | 2.3 | 2.4 | 2.2 | 10.6 | 66.4% |
| Austria | 1.3 | 0.8 | 0.8 | 9.4 | 93.4% |
| Belgium | 2.4 | 0.1 | 1.0 | 7.9 | 48.8% |
| Cyprus | N/A | 1.2 | 5.9 | 7.1 | 143.2% |
| Tanzania | N/A | 0.9 | 4.6 | 6.9 | 176.9% |
| Netherlands | 0.8 | 0.5 | 2.7 | 6.6 | 102.1% |
| Switzerland | 1.5 | 2.4 | 2.7 | 3.3 | 30.1% |
| United Kingdom | 1.1 | 3.4 | 1.8 | 2.9 | 38.1% |
| Greece | 0.6 | 0.4 | 0.8 | 2.4 | 58.7% |
| Mexico | N/A | N/A | N/A | 2.2 | 0% |
| Others | 12.0 | 12.0 | 21.4 | 25.2 | 28.1% |
| Total | 38.2 | 41.0 | 66.6 | 140 | 54.2% |
Top Export Markets for Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified from Italy in 2022:
- Germany (11.0K tons)
- Spain (6.8K tons)
- France (5.5K tons)
- Austria (4.9K tons)
- Cyprus (4.2K tons)
- Belgium (3.8K tons)
- Netherlands (3.6K tons)
- United States (3.2K tons)
- Tanzania (2.6K tons)
- Mexico (1.4K tons)
- Switzerland (1.3K tons)
- Greece (1.2K tons)
- United Kingdom (1.2K tons)
Imports of Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Italy
Imports of sunflower-seed or safflower oil, refined, but not chemically modified into Italy dropped dramatically to 52K tons in 2022, falling by -16.4% against the previous year's figure. In general, imports showed a deep setback. The most prominent rate of growth was recorded in 2021 when imports increased by 55%.
In value terms, imports of sunflower-seed or safflower oil, refined, but not chemically modified soared to $106M in 2022. Over the period under review, imports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of 102% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
| Import of Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hungary | 17.9 | 10.6 | 21.3 | 18.9 | 1.8% |
| France | 5.9 | 9.8 | 7.3 | 16.8 | 41.7% |
| Bulgaria | 6.4 | 0.4 | 7.1 | 14.6 | 31.6% |
| Croatia | 4.0 | 1.5 | 9.8 | 10.3 | 37.1% |
| Romania | 8.8 | 6.2 | 7.8 | 7.6 | -4.8% |
| Slovenia | 11.8 | 5.2 | 8.9 | 7.3 | -14.8% |
| Spain | 6.7 | 3.6 | 5.2 | 6.0 | -3.6% |
| Ukraine | 1.8 | 2.0 | 7.9 | 5.7 | 46.8% |
| Germany | 4.4 | 2.0 | 3.0 | 2.9 | -13.0% |
| Others | 5.3 | 3.4 | 12.0 | 15.9 | 44.2% |
| Total | 72.9 | 44.7 | 90.3 | 106 | 13.3% |
Top Suppliers of Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified to Italy in 2022:
- France (11.9K tons)
- Hungary (8.9K tons)
- Bulgaria (5.3K tons)
- Spain (4.7K tons)
- Croatia (4.5K tons)
- Romania (3.1K tons)
- Slovenia (3.1K tons)
- Ukraine (2.9K tons)
- Germany (1.1K tons)
This report provides an in-depth analysis of the market for sunflower-seed or safflower oil, refined, but not chemically modified in Italy. 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:
- Italy
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Italy
- 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
-
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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