Sunflower or safflower oil and fractions market in Czechia

Earlier Report Observations

The market volume of sunflower oil in Czechia grew from 50.8 thousand t in 2018 to 90.5 thousand t in 2022, before declining to 62.5 thousand t in 2023. The initial increase was supported by expanded sunflower cultivation areas in Europe, which improved raw material availability. From 2019, geopolitical tensions in the Black Sea region affected trade flows, stimulating imports. In 2020, COVID-19 restrictions, particularly in the food service sector, led to a stabilization of consumption.

From 2021, increased demand for sunflower oil as a healthier alternative, reinforced by a global shift away from partially hydrogenated oils, drove market growth. Investments by the Czech AGROFERT group in processing capacity in Hungary the same year enhanced supply security. The Russian invasion of Ukraine in 2022 caused a sharp price increase and global shortage, further boosting local production to 96.6 thousand t and imports to meet demand. However, in 2023, ongoing supply disruptions from the conflict, coupled with rising exports, reduced domestic availability. Consumer preferences concurrently shifted towards non-GMO and organic varieties, stimulating new product launches.

Production sunflower or safflower oil and fractions in Czechia

In kind, 2017-2020, K t

On a global scale, Czechia ranked as the 22nd largest producer of sunflower or safflower oil and fractions between 2017 and 2020.

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

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

Czechia's production of sunflower or safflower oil and fractions saw a two-year rise before declining. In 2020, production reached 83 K t, down 8.4% from the previous year. Over the 2017-2020 period, production increased by 12.9%, with a compound annual growth rate of 4.1%. The highest production level was recorded in 2019 at 90 K t, while the largest annual increase occurred in 2018 at 16.0%.

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

Exports sunflower or safflower oil and fractions from Czechia

Exports in kind, K t

Czechia's exports of sunflower or safflower oil and fractions experienced a two-year uptick before declining. In 2020, exports totaled 87.6 K t, marking a significant drop of 16.5% compared to 2019. Between 2017 and 2020, exports grew by 12.1%, equivalent to an annualized rate of 3.9%. The peak export volume was in 2019 at 104.9 K t, with the largest annual increase also occurring that year at 19.5%.

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

From 2017 to 2020, the main destinations for Czechia's exports of sunflower or safflower oil and fractions in volume terms were Poland, accounting for 51.0% of exports, Germany at 12.3%, and Austria also at 12.3%. Together, these three countries represented 75.5% of total export flows.

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

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

Exports in value, K $ US

Czechia's exports of sunflower or safflower oil and fractions in value terms rose for two years before declining. In 2020, export value amounted to 89 010 K $ US, showing a modest decrease of 5.2% from the previous year. Over the 2017-2020 period, exports increased by 12.8%, with an annualized growth rate of 4.1%. The highest value was recorded in 2019 at 93 861 K $ US, while the largest annual increase occurred in 2018 at 12.4%.

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

Between 2017 and 2020, Poland was the leading destination for Czechia's exports of sunflower or safflower oil and fractions in value terms, accounting for 51.1% of exports. Germany followed with 12.9%, and Austria with 11.9%. Collectively, these three countries absorbed 75.9% of total export value.

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

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

Imports sunflower or safflower oil and fractions to Czechia

Imports in kind, K t

Czechia's imports of sunflower or safflower oil and fractions in volume terms increased for two years before declining. In 2020, imports stood at 62.9 K t, reflecting a sharp drop of 13.5% year-on-year. From 2017 to 2020, imports grew by 26.2%, equivalent to an annualized rate of 8.1%. The peak import volume was in 2019 at 72.7 K t, with the largest annual increase also in 2019 at 35.3%.

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

From 2017 to 2020, the primary sources for Czechia's imports of sunflower or safflower oil and fractions in volume terms were Hungary, representing 57.3% of imports, Ukraine at 14.7%, and Slovakia at 9.5%. Together, these three countries supplied 81.5% of total import flows.

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

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

Imports in value, K $ US

Czechia's imports of sunflower or safflower oil and fractions in value terms grew for two years before declining. In 2020, import value totaled 61 569 K $ US, down 7.6% from the prior year. Over the 2017-2020 period, imports increased by 25.2%, with an annualized growth rate of 7.8%. The highest value was recorded in 2019 at 66 600 K $ US, while the largest annual increase occurred in 2019 at 25.7%.

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

Between 2017 and 2020, Hungary was the main supplier of sunflower or safflower oil and fractions to Czechia in value terms, accounting for 56.1% of imports. Ukraine followed with 13.1%, and Slovakia with 11.0%. These three countries jointly represented 80.3% of total import value.

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

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