Sunflower or safflower oil and fractions market in Sweden

Earlier Report Observations

The Swedish market for sunflower and safflower oil expanded significantly in 2019, reaching 43 846 t, up from 35 215 t the previous year. This growth occurred within a market heavily reliant on imports, with established trade routes from countries like the Netherlands, Germany, and Argentina ensuring supply. By 2020, Sweden's import strategy had further diversified to include sources like Greece and Mozambique, as it positioned itself as a notable global importer. This diversification may have helped buffer the market as its volume dipped slightly to 41 663 t that year.

Market volume continued to fluctuate in the following years, declining to 37 976 t in 2021 before rebounding to 45 358 t in 2022. The volume then moderated to 42 850 t in 2023. These movements reflected the market's sensitivity to external supply conditions and demand shifts.

In 2024, a key policy change altered the demand landscape, as Sweden reduced its biofuel reduction mandate to 6%, decreasing the blending obligation for biofuels in diesel and indirectly affecting sunflower oil used in biodiesel production. Concurrently, global supply chain disruptions and geopolitical tensions in key producing regions like Ukraine and Russia influenced availability and prices. Retail prices for sunflower oil in Sweden ranged between SEK 9.19 and SEK 11.31 per kilogram early in the year, reflecting these market pressures.

Production sunflower or safflower oil and fractions in Sweden

In value, 2017-2020, K $ US

Annual dynamics of production in Sweden in value, 2017-2020, K $ US

In kind, 2017-2020, t

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

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

Sweden's production of sunflower or safflower oil and fractions has increased for the second year in a row. In 2020, Sweden produced 6 875 tonnes, marking a 7.5% rise compared to the previous year. However, looking at the broader period from 2017 to 2020, overall production actually declined by 20%, with an average annual decrease of 7.2%. The lowest production level was in 2018, at 5 753 tonnes, which saw the largest drop of 33.1%. In contrast, 2019 experienced the biggest increase of 11.2%.

Annual dynamics of production in Sweden in kind, 2017-2020, t

Exports sunflower or safflower oil and fractions from Sweden

Exports in kind, t

Sweden's exports of sunflower or safflower oil and fractions have grown for the second consecutive year. In 2020, exports reached 3 951 tonnes, a modest increase of 1.3% from the year before. Over the four-year span from 2017 to 2020, exports fell by 4.6%, translating to an average annual decline of 1.6%. The lowest export volume was recorded in 2018 at 3 504 tonnes, which also saw the steepest drop of 15.4%. On the upside, 2019 posted the largest gain of 11.3%.

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

From 2017 to 2020, Norway, Germany, and Poland consistently stood out as Sweden's top three export markets for sunflower or safflower oil and fractions in volume terms. Together, these countries accounted for 54.0% of total exports during this period.

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

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

Exports in value, K $ US

Sweden's export value of sunflower or safflower oil and fractions has risen for the second year in a row. In 2020, exports totaled 6 976 thousand US dollars, reflecting a 3.7% increase compared to the previous year. Over the 2017-2020 period, export value grew by 3.6%, with an average annual growth rate of 1.2%. The lowest value was in 2018 at 5 969 thousand US dollars, which experienced the largest decline of 11.4%. Conversely, 2019 saw the highest increase of 12.7%.

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

Between 2017 and 2020, Norway, Germany, and Poland were among Sweden's largest buyers of sunflower or safflower oil and fractions in value terms, with shares of 24.5%, 12.9%, and 9.1%, respectively. However, even combined, they represented only 46.6% of total export value, indicating a relatively diversified partner base for Sweden's exports.

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

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

Imports sunflower or safflower oil and fractions to Sweden

Imports in kind, t

After two years of growth, Sweden's import volume of sunflower or safflower oil and fractions declined in 2020. Imports stood at 38 739 tonnes, down 6.3% from the previous year. Over the 2017-2020 period, imports increased by 18.1%, with an average annual growth rate of 5.7%. The peak import volume was in 2019 at 41 350 tonnes, which also recorded the largest increase of 25.4%.

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

From 2017 to 2020, the Netherlands, Germany, and the United Kingdom were the leading sources for Sweden's imports of sunflower or safflower oil and fractions in volume terms. The Netherlands accounted for 44.1%, Germany for 18.2%, and the United Kingdom for 9.9%, collectively making up 72.3% of total imports.

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

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

Imports in value, K $ US

Sweden's import value of sunflower or safflower oil and fractions has increased for the third consecutive year. In 2020, imports reached 41 444 thousand US dollars, up 1.8% from the previous year. Over the 2017-2020 period, import value rose by 28.1%, with an average annual growth rate of 8.6%.

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

Throughout 2017 to 2020, the Netherlands, Germany, and the United Kingdom formed the core group of partners for Sweden's imports of sunflower or safflower oil and fractions in value terms. The Netherlands held a 40.1% share, Germany 19.4%, and the United Kingdom 11.2%, together representing 70.7% of total import value.

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

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