Market research

Sunflower or safflower oil and fractions market in Argentina

$Sunflower or safflower oil and fractions market in Argentina$

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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Earlier Report Observations

The domestic market for sunflower and safflower oil in Argentina expanded to 851 thousand tonnes in 2019, up from 744 thousand tonnes the previous year. However, in 2020, market volume contracted to 677 thousand tonnes as competition from other vegetable oils like soybean and palm, along with international price fluctuations, led to adjustments in production and consumption.

A sharp rebound occurred in 2021, with the market reaching 1 135 thousand tonnes. This surge was driven by reduced exports, which fell to 208 thousand tonnes, as Argentina faced intensified global competition from producers like Russia and Ukraine. The following year, the market volume halved to 683 thousand tonnes. This decline was primarily due to a spike in exports to 816 thousand tonnes, as the war in Ukraine disrupted global supply chains and increased demand for Argentine oil on the world market. Concurrently, rising domestic demand for high-oleic sunflower oil, valued for its frying stability and health benefits, began to diversify the market. By 2023, the market recovered to 802 thousand tonnes, supported by steady production growth.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Argentina
  1. 5.1.1. Annual dynamics of production in Argentina in kind, 2018-2023, K t
  2. 5.1.2. Annual dynamics of production in Argentina in value, 2018-2023, $ US
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, K t
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, K t
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Imports
1. 6.1. Imports (Direct Data)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, K t
    1. 6.1.2.1. Annual dynamics of product's imports to Argentina in kind, 2018-2024, K t
    2. 6.1.2.2. Dynamics of product's imports in kind to Argentina by countries, 2018-2024, K t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, M $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Argentina in value, 2018-2024, M $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Argentina by countries, 2018-2024, M $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/kg
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Argentina, 2018-2024, $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's imports to Argentina by countries, 2018-2024, $ US/kg
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, K t
    1. 6.2.2.1. Annual dynamics of product's imports to Argentina in kind, 2018-2024, K t
    2. 6.2.2.2. Dynamics of product's imports in kind to Argentina by countries, 2018-2024, K t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, M $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Argentina in value, 2018-2024, M $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Argentina by countries, 2018-2024, M $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/kg
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Argentina, 2018-2024, $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's imports to Argentina by countries, 2018-2024, $ US/kg
7. Exports
1. 7.1. Exports (Direct Data)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, K t
    1. 7.1.2.1. Annual dynamics of product's exports from Argentina in kind, 2018-2024, K t
    2. 7.1.2.2. Dynamics of product's exports in kind from Argentina by countries, 2018-2024, K t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, M $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Argentina in value, 2018-2024, M $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Argentina by countries, 2018-2024, M $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's exports, $ US/kg
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Argentina, 2018-2024, $ US/kg
    2. 7.1.4.2. Dynamics of average price of product's exports from Argentina by countries, 2018-2024, $ US/kg
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, K t
    1. 7.2.2.1. Annual dynamics of product's exports from Argentina in kind, 2018-2024, K t
    2. 7.2.2.2. Dynamics of product's exports in kind from Argentina by countries, 2018-2024, K t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, M $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Argentina in value, 2018-2024, M $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Argentina by countries, 2018-2024, M $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's exports, $ US/kg
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Argentina, 2018-2024, $ US/kg
    2. 7.2.4.2. Dynamics of average price of product's exports from Argentina by countries, 2018-2024, $ US/kg
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, K t
  2. 8.1.2. In value, M $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, K t
  2. 8.2.2. In value, M $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production sunflower or safflower oil and fractions in Argentina

In kind, 2017-2020, K t

From 2017 to 2020, Argentina ranked third globally in the production volume of sunflower or safflower oil and fractions.

Top producers of sunflower or safflower oil and fractions, 2017-2020

Source: SHEV.io

World map of production of sunflower or safflower oil and fractions, 2017-2020

Source: SHEV.io

In 2020, Argentina produced 1 076 K t of sunflower or safflower oil and fractions, marking a 24.2% decrease from 2019. Over the 2017-2020 period, production fell by 18.7%, with a compound annual growth rate (CAGR) of -6.7%. The highest production level was in 2019 at 1 419 K t, which also saw the largest annual increase of 8.0%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(0.6%)	8.0%	(24.2%)	(6.7%)

Source: SHEV.io

In value, 2017-2020, M $ US

Argentina's production of sunflower or safflower oil and fractions declined for the second year in a row. In 2020, the output was valued at 869 M $ US, down 18.6% year-over-year. From 2017 to 2020, production decreased by 17.5%, with a CAGR of -6.2%. The peak value occurred in 2018 at 1 072 M $ US, which also recorded the largest annual increase of 1.8%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	1.8%	(0.4%)	(18.6%)	(6.2%)

Source: SHEV.io

Exports sunflower or safflower oil and fractions from Argentina

Exports in kind, K t

Argentina's cross-border shipments of sunflower or safflower oil and fractions fell for the third consecutive year. In 2020, exports totaled 399.5 K t, a sharp 29.7% drop from the previous year. Over the 2017-2020 period, exports decreased by 47.7%, with a CAGR of -19.5%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(25.3%)	(0.4%)	(29.7%)	(19.5%)

Source: SHEV.io

From 2017 to 2020, the main destinations for Argentina's exports in kind were India (23.6% of exports), Chile (19.3% of exports), and Brazil (7.9% of exports), together accounting for 50.8% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, M $ US

Argentina's exports of sunflower or safflower oil and fractions declined for the third year in a row. In 2020, exports were valued at 322.5 M $ US, a 24.6% decrease from the previous year. Over the 2017-2020 period, exports fell by 47%, with a CAGR of -19.1%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(23.5%)	(8.1%)	(24.6%)	(19.1%)

Source: SHEV.io

From 2017 to 2020, the leading destinations for Argentina's exports in value terms were Chile (22.8% of exports), India (21.3% of exports), and Brazil (7.3% of exports), collectively representing 51.4% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io

Imports sunflower or safflower oil and fractions to Argentina

Imports in kind, K t

The market showed volatility during these years. Imports reached their lowest point in 2017 and peaked in 2018, with a 343-fold difference between these years. In 2020, Argentina imported 0.1 K t of sunflower or safflower oil and fractions, a dramatic increase of 14,045.8% year-over-year. The highest import volume was in 2018 at 0.2 K t, which also saw the largest annual increase of 34,210.9%. The largest decline occurred in 2019 at 99.6%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	34 210.9%	(99.6%)	14 045.8%	488.0%

Source: SHEV.io

From 2017 to 2020, Chile was the clear leader in Argentina's import structure in kind, accounting for 7.7% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, M $ US

The data indicates irregular changes, reflecting a volatile market environment. Import volumes varied 53 times from the low in 2017 to the high in 2018. In 2020, Argentina's imports of sunflower or safflower oil and fractions were recorded at 0.2 M $ US, a sudden increase of 2,149.8% compared to the previous year. The maximum value was in 2018 at 0.2 M $ US, which also had the largest annual increase of 5,158.6%. The largest decline was in 2019 at 96.4%.

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