Ethiopia - Crude Sunflower-Seed and Safflower Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingEthiopia: Market for Crude Sunflower-Seed And Safflower Oil 2024
Market Size for Crude Sunflower-Seed And Safflower Oil in Ethiopia
In 2022, after two years of decline, there was significant growth in the Ethiopian market for crude sunflower-seed and safflower oil, when its value increased by X% to $X. In general, consumption enjoyed a significant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.
Production of Crude Sunflower-Seed And Safflower Oil in Ethiopia
In value terms, crude sunflower-seed and safflower oil production expanded slightly to $X in 2022 estimated in export price. Overall, production, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.
Exports of Crude Sunflower-Seed And Safflower Oil
Exports from Ethiopia
After two years of decline, overseas shipments of crude sunflower-seed and safflower oil decreased by X% to X kg in 2017. In general, exports recorded a dramatic shrinkage. The smallest decline of X% was in 2015. Over the period under review, the exports reached the peak figure at X kg in 2014; however, from 2015 to 2017, the exports failed to regain momentum.
In value terms, crude sunflower-seed and safflower oil exports stood at $X in 2017. Over the period under review, exports faced a dramatic decrease. The smallest decline of X% was in 2015. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2017, the exports failed to regain momentum.
Exports by Country
The United States (X kg) was the main destination for crude sunflower-seed and safflower oil exports from Ethiopia, accounting for a approx. X% share of total exports.
From 2014 to 2017, the average annual rate of growth in terms of volume to the United States stood at X%.
From 2014 to 2017, the average annual rate of growth in terms of value to the United States totaled X%.
Export Prices by Country
In 2017, the average export price for crude sunflower-seed and safflower oil amounted to $X per ton, remaining relatively unchanged against the previous year. In general, the export price showed a precipitous decline. The pace of growth was the most pronounced in 2015 when the average export price decreased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2017, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2014 to 2017, the rate of growth in terms of prices for the United States amounted to X% per year.
Imports of Crude Sunflower-Seed And Safflower Oil
Imports into Ethiopia
In 2022, purchases abroad of crude sunflower-seed and safflower oil increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, crude sunflower-seed and safflower oil imports skyrocketed to $X in 2022. Overall, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Imports by Country
In 2022, Djibouti (X tons) constituted the largest crude sunflower-seed and safflower oil supplier to Ethiopia, with a X% share of total imports. Moreover, crude sunflower-seed and safflower oil imports from Djibouti exceeded the figures recorded by the second-largest supplier, Ukraine (X tons), twofold.
From 2012 to 2022, the average annual growth rate of volume from Djibouti was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (X% per year) and Malaysia (X% per year).
In value terms, Djibouti ($X) constituted the largest supplier of crude sunflower-seed and safflower oil to Ethiopia, comprising X% of total imports. The second position in the ranking was taken by Ukraine ($X), with a X% share of total imports.
From 2012 to 2022, the average annual growth rate of value from Djibouti was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (X% per year) and Malaysia (X% per year).
Import Prices by Country
The average import price for crude sunflower-seed and safflower oil stood at $X per ton in 2022, rising by X% against the previous year. Overall, the import price posted tangible growth. The growth pace was the most rapid in 2021 an increase of X%. The import price peaked in 2022 and is expected to retain growth in years to come.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Djibouti ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (X%), while the prices for the other major suppliers experienced a decline.
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Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the market for crude sunflower-seed and safflower oil in Ethiopia. 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:
- FCL 268 - Oil of Sunflower Seed
- FCL 281 - Oil of Safflower Seed
Country coverage:
- Ethiopia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Ethiopia
- 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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