Refined sunflower or safflower oil and fractions market in Germany

Earlier Report Observations

The market volume for refined sunflower or safflower oil in Germany fluctuated between 2018 and 2024, starting at 324.8 thousand tons in 2018. It dipped to 313.6 thousand tons in 2019 before jumping to 363.6 thousand tons in 2020. After a slight decline to 349.5 thousand tons in 2021, volume fell more noticeably to 319.2 thousand tons in 2022. By 2024, the market recovered to 351.6 thousand tons.

Key factors influenced the market in 2023 and 2024. High sunflower oil prices in 2022 led to more cautious consumer behavior in 2023, potentially reducing consumption. However, a higher sunflower harvest in 2023, coupled with falling prices, boosted demand in 2024. Domestic use of oils and fats in Germany rose by nearly 4% in 2024 to 5.9 million tons of crude oil, the highest level since 2014, supporting the recovery in sunflower oil market volume.

In value terms, the market experienced sharp swings, peaking at $418.4 million in 2022 despite lower volume, indicating significant price inflation. By 2024, the market value adjusted to $286 million as prices normalized. EU regulations, such as EU 1169/2011, continued to govern labeling and quality standards for vegetable oils, including sunflower oil, ensuring a consistent market framework.

Production refined sunflower or safflower oil and fractions in Germany

In value, 2017-2020, M $ US

Germany's production of refined sunflower or safflower oil and fractions has increased for the third consecutive year. In 2020, output was valued at 290.4 million US dollars, marking an 11.0% rise compared to 2019. Between 2017 and 2020, production grew by 17.6%, which translates to an annualized rate of 5.5%.

Annual dynamics of production in Germany in value, 2017-2020, M $ US

In kind, 2017-2020, K t

Germany's production of refined sunflower or safflower oil and fractions has increased for the third consecutive year. In 2020, Germany produced 416.1 thousand tonnes, representing a 9.8% year-on-year rise. From 2017 to 2020, production increased by 27.4%, equating to an annualized growth rate of 8.4%.

Annual dynamics of production in Germany in kind, 2017-2020, K t

Exports refined sunflower or safflower oil and fractions from Germany

Exports in kind, K t

Germany exported 179.2 thousand tonnes of refined sunflower or safflower oil and fractions in 2020, remaining virtually unchanged from the previous year. Over the period from 2017 to 2020, exports increased by 29.2%, with a compound annual growth rate (CAGR) of 8.9%. The highest export volume was recorded in 2019 at 179.2 thousand tonnes, with the largest increase of 26.0% also occurring in that year.

Annual dynamics of product's exports from Germany in kind, 2017-2020, K t

From 2017 to 2020, the Netherlands, Belgium, and France were the main destinations for Germany's refined sunflower or safflower oil and fractions exports in kind. The Netherlands accounted for 35.4% of exports, Belgium for 16.6%, and France for 10.3%, together making up 62.3% of total exports.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Germany in kind, 2017-2020

Exports in value, M $ US

Germany's exports of refined sunflower or safflower oil and fractions have increased for the third consecutive year. In 2020, exports were valued at 201.9 million US dollars, a 5.8% increase compared to 2019. Between 2017 and 2020, exports grew by 29.6%, with a compound annual growth rate (CAGR) of 9.0%.

Annual dynamics of product's exports from Germany in value, 2017-2020, M $ US

From 2017 to 2020, the Netherlands, Belgium, and France continued to lead as the top buyers of refined sunflower or safflower oil and fractions from Germany in value terms. The Netherlands accounted for 33.5% of exports, Belgium for 15.1%, and France for 9.7%, collectively representing 58.3% of total export value.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Germany in value, 2017-2020

Imports refined sunflower or safflower oil and fractions to Germany

Imports in kind, K t

After a two-year decline, Germany's imports of refined sunflower or safflower oil and fractions increased in 2020. Imports totaled 126.6 thousand tonnes, up 11.3% from 2019. Over the period from 2017 to 2020, imports rose by 3.4%, with a compound annual growth rate (CAGR) of 1.1%. The lowest import volume was recorded in 2019 at 113.7 thousand tonnes, while the largest decline of 4.6% occurred in 2018.

Annual dynamics of product's imports to Germany in kind, 2017-2020, K t

From 2017 to 2020, Hungary, the Netherlands, and Belgium were the primary suppliers of refined sunflower or safflower oil and fractions to Germany in kind. Hungary accounted for 38.9% of imports, the Netherlands for 20.3%, and Belgium for 10.9%, together comprising 70.1% of total imports.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Germany in kind, 2017-2020

Imports in value, M $ US

After a two-year decline, Germany's imports of refined sunflower or safflower oil and fractions increased in 2020. Imports were valued at 145.0 million US dollars, up 17.7% from the previous year. Between 2017 and 2020, imports grew by 5.5%, equating to an annualized rate of 1.8%. The lowest import value was recorded in 2019 at 123.2 million US dollars, with the largest decline of 6.9% also occurring in that year.

Annual dynamics of product's imports to Germany in value, 2017-2020, M $ US

From 2017 to 2020, Hungary, the Netherlands, and Belgium headed the ranking of suppliers of refined sunflower or safflower oil and fractions to Germany in value terms. Hungary accounted for 34.3% of imports, the Netherlands for 20.0%, and Belgium for 11.5%, with their combined share reaching 65.8% of total import value.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Germany in value, 2017-2020