Market research

Sunflower or safflower oil and fractions market in ASEAN

$Sunflower or safflower oil and fractions market in ASEAN$

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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"ASEAN" region includes following countries:

Brunei Darussalam

Vietnam

Indonesia

Cambodia

Laos

Malaysia

Myanmar

Singapore

Thailand

the Philippines

Earlier Report Observations

The ASEAN market for sunflower and safflower oil underwent significant volume changes from 2018 to 2023. It began at 158.9 thousand tons in 2018 and jumped to 211.6 thousand tons the following year, representing strong growth. This was followed by a period of stabilization in 2020, with the market reaching 212.6 thousand tons.

A downward shift began in 2021, as the market contracted to 177.0 thousand tons. A partial recovery to 190.0 thousand tons was recorded in 2022, but this was completely reversed in 2023 when the market volume fell sharply to 103.4 thousand tons.

The overall market dynamics were closely tied to import activity, which varied widely from a high of 258.7 thousand tons in 2020 to 115.2 thousand tons in 2023. In contrast, regional production remained steady, fluctuating within a narrow band between 51.4 and 54.4 thousand tons throughout the period.

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 ASEAN
  1. 5.1.1. Annual dynamics of production in ASEAN in kind, 2018-2023, t
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, 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, 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 Brunei Darussalam in kind, 2018-2024, K t
    2. 6.1.2.2. Dynamics of product's imports in kind to Brunei Darussalam 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 Brunei Darussalam in value, 2018-2024, M $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Brunei Darussalam 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/t
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Brunei Darussalam, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Brunei Darussalam by countries, 2018-2024, $ US/t
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 Brunei Darussalam in kind, 2018-2024, K t
    2. 6.2.2.2. Dynamics of product's imports in kind to Brunei Darussalam 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 Brunei Darussalam in value, 2018-2024, M $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Brunei Darussalam 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/t
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Brunei Darussalam, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Brunei Darussalam by countries, 2018-2024, $ US/t
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 Brunei Darussalam in kind, 2018-2024, K t
    2. 7.1.2.2. Dynamics of product's exports in kind from Brunei Darussalam 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 Brunei Darussalam in value, 2018-2024, M $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Brunei Darussalam 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/t
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Brunei Darussalam, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from Brunei Darussalam by countries, 2018-2024, $ US/t
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 Brunei Darussalam in kind, 2018-2024, K t
    2. 7.2.2.2. Dynamics of product's exports in kind from Brunei Darussalam 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 Brunei Darussalam in value, 2018-2024, M $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Brunei Darussalam 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/t
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Brunei Darussalam, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from Brunei Darussalam by countries, 2018-2024, $ US/t
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 ASEAN

In kind, 2017-2020, K t

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

After two years of decline, sunflower or safflower oil and fractions production in ASEAN increased in 2020. That year, production reached 53.1 K t, marking a 1.0% year-over-year increase. Over the 2017-2020 period, production decreased by 7.8%, with a compound annual growth rate (CAGR) of -2.7%. The lowest production level was recorded in 2019 at 52.6 K t, while the largest decline occurred in 2018 at 7.8%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(7.8%)	(1.1%)	1.0%	(2.7%)

Source: SHEV.io

In value, 2017-2020, M $ US

In 2020, the output value of sunflower or safflower oil and fractions in ASEAN was 117.0 M $ US, representing a 13.1% decrease compared to 2019. Over the 2017-2020 period, production value declined by 12.8%, with a CAGR of -4.4%. The highest value was recorded in 2019 at 134.7 M $ US, with the largest increase that year at 6.7%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(5.9%)	6.7%	(13.1%)	(4.4%)

Source: SHEV.io

Exports sunflower or safflower oil and fractions from ASEAN

Exports in kind, K t

The market exhibited volatility during the observed period. Export volumes dropped to their lowest point in 2019 and then climbed to their peak in 2020, showing a 2.5-fold difference between these years. In 2020, sunflower or safflower oil and fractions deliveries from ASEAN reached 99.2 K t, corresponding to a sharp rise of 154.0% compared to 2019. The minimum value was recorded in 2019 at 39.0 K t, while the largest decline occurred in 2018 at 38.7%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(38.7%)	(11.0%)	154.0%	11.5%

Source: SHEV.io

During 2017–2020, exports in kind of sunflower or safflower oil and fractions from ASEAN were distributed across numerous markets. Australia (20.6% of exports in kind), Japan (6.3%), and Papua New Guinea (3.1%) together accounted for only 30.0% of total flows, indicating a highly diversified export structure.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, M $ US

ASEAN's sunflower or safflower oil and fractions exports increased for the third consecutive year in 2020. That year, exports totaled 125.3 M $ US, up by 37.5% compared to 2019. Over the 2017-2020 period, exports grew by 52.4%, with a CAGR of 15.1%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	8.9%	1.8%	37.5%	15.1%

Source: SHEV.io

From 2017 to 2020, the country breakdown of exports in value terms remained widely scattered. Australia (23.2% of exports in value terms), Japan (9.8%), and Papua New Guinea (2.6%) together accounted for just 35.7% of total flows, with no single partner emerging as clearly dominant.

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

Source: SHEV.io

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

Source: SHEV.io

Imports sunflower or safflower oil and fractions to ASEAN

Imports in kind, K t

ASEAN's sunflower or safflower oil and fractions imports increased for the third consecutive year in 2020. That year, imports amounted to 258.7 K t, corresponding to a sharp rise of 30.6% compared with 2019. Over the 2017-2020 period, imports grew by 79.2%, with a CAGR of 21.5%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	3.7%	32.4%	30.6%	21.5%

Source: SHEV.io

In 2017–2020, three principal markets—Ukraine, Argentina, and Russia—together accounted for 58.7% of total imports in kind of sunflower or safflower oil and fractions to ASEAN.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, M $ US

ASEAN's sunflower or safflower oil and fractions import value increased for the third consecutive year in 2020. That year, imports totaled 288.6 M $ US, up by 37.7% from 2019. Between 2017 and 2020, imports increased by 93.6%, equating to a 24.6% annualized rate.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	14.5%	22.7%	37.7%	24.6%

Source: SHEV.io

Throughout 2017–2020, Ukraine (35.5% of imports in value terms), Russia (8.7%), and Argentina (8.4%) remained the key partners for imports in value terms, together accounting for 52.7% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io