Market research

Sunflower, safflower or cottonseed oil and fractions market in ECOWAS

$Sunflower, safflower or cottonseed oil and fractions market in ECOWAS$

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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"ECOWAS" region includes following countries:

Benin

Burkina Faso

Gambia

Ghana

Guinea

Guinea-Bissau

Côte d'Ivoire

Cabo Verde

Liberia

Mali

Niger

Nigeria

Senegal

Sierra Leone

Togo

Earlier Report Observations

The market for sunflower, safflower or cottonseed oil in the ECOWAS region expanded substantially in physical volume from 128.1 thousand tons in 2018 to over 202.3 thousand tons in 2022, before contracting to 177.5 thousand tons in 2023. In value terms, the market grew even more sharply, rising from $151 million to $351.3 million over the same period, reflecting both volume increases and significant price movements.

Despite the overall regional volume decline in 2023, consumer demand for healthier cooking oils and plant-based nutrition supported strong consumption growth in key national markets such as Nigeria, where refined sunflower and safflower oil sales increased by 5.9% that year. This highlights divergent trends within the ECOWAS bloc, where health-conscious preferences are driving demand in some countries.

Global supply chain disruptions, particularly those stemming from geopolitical conflicts in major sunflower oil producing nations, have impacted availability and pricing in the region. Concurrently, the market has seen the emergence of new product segments like vitamin-fortified organic oils, indicating ongoing innovation aligned with consumer preferences for non-GMO and chemical-free products.

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. 4.1.2. In value
    1. 4.1.2.1. Production, 2018-2023
    2. 4.1.2.2. Imports, 2018-2024
    3. 4.1.2.3. Exports, 2018-2024
    4. 4.1.2.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in ECOWAS
  1. 5.1.1. Annual dynamics of production in ECOWAS in kind, 2018-2023, K t
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, t
    1. 6.1.2.1. Annual dynamics of product's imports to Benin in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Benin by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Benin in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Benin by countries, 2018-2024, K $ 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 Benin, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Benin 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, t
    1. 6.2.2.1. Annual dynamics of product's imports to Benin in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Benin by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Benin in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Benin by countries, 2018-2024, K $ 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 Benin, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Benin 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, t
    1. 7.1.2.1. Annual dynamics of product's exports from Benin in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's exports in kind from Benin by countries, 2018-2024, t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Benin in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Benin by countries, 2018-2024, K $ 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 Benin, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from Benin 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, t
    1. 7.2.2.1. Annual dynamics of product's exports from Benin in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's exports in kind from Benin by countries, 2018-2024, t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Benin in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Benin by countries, 2018-2024, K $ 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 Benin, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from Benin by countries, 2018-2024, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ 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, safflower or cottonseed oil and fractions in ECOWAS

In kind, 2017-2020, K t

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

Source: SHEV.io

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

Source: SHEV.io

In 2020, ECOWAS produced 138.2 K t of sunflower, safflower, or cottonseed oil and fractions, marking a 4.4% year-over-year decline. Production increased by 8.4% between 2017 and 2020, averaging a 2.7% annual growth rate. The lowest production level was recorded in 2018 at 104.1 K t, while the highest was in 2019 at 144.6 K t. The largest decline occurred in 2018, dropping by 18.4%, whereas the largest increase was in 2019, rising by 38.9%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(18.4%)	38.9%	(4.4%)	2.7%

Source: SHEV.io

In value, 2017-2020, M $ US

In 2020, the output value of sunflower, safflower, or cottonseed oil and fractions in ECOWAS was 186.8 M $ US, down 5.0% year-over-year. The lowest value was recorded in 2018 at 142.7 M $ US, and the highest in 2019 at 196.6 M $ US. The largest decline took place in 2018, falling by 25.0%, while the largest increase was in 2019, growing by 37.8%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(25.0%)	37.8%	(5.0%)	(0.6%)

Source: SHEV.io

Exports sunflower, safflower or cottonseed oil and fractions from ECOWAS

Exports in kind, t

Exports of sunflower, safflower, or cottonseed oil and fractions from ECOWAS declined for the second consecutive year. In 2020, exports amounted to 5 615 t, a 65.4% decrease compared to the previous year. Between 2017 and 2020, exports fell by 72.4%, with an annualized decline rate of 34.9%. The highest export volume was recorded in 2018 at 20 996 t, which saw the largest increase of 3.1% that year.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	3.1%	(22.8%)	(65.4%)	(34.9%)

Source: SHEV.io

From 2017 to 2020, India was the single largest buyer of sunflower, safflower, or cottonseed oil and fractions from ECOWAS, accounting for 3.7% of total exports in kind.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, K $ US

Exports of sunflower, safflower, or cottonseed oil and fractions in ECOWAS declined for the third consecutive year. In 2020, exports reached 7 590 K $ US, representing a sharp decrease of 65.6% compared to 2019. Over the period 2017-2020, exports decreased by 75%, with a compound annual growth rate (CAGR) of -37.0%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(5.3%)	(23.4%)	(65.6%)	(37.0%)

Source: SHEV.io

Between 2017 and 2020, India was the leading destination in the structure of exports in value terms, taking 3.4% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io

Imports sunflower, safflower or cottonseed oil and fractions to ECOWAS

Imports in kind, t

The market showed signs of volatility over the observed period. The lowest import volume occurred in 2017, while the highest was in 2020, with a peak-to-trough ratio of 1.9 times. In 2020, ECOWAS imported 64 669 t of sunflower, safflower, or cottonseed oil and fractions, indicating a sharp increase of 71.7% compared to the previous year. The largest decline was recorded in 2019, dropping by 16.2%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	30.5%	(16.2%)	71.7%	23.4%

Source: SHEV.io

From 2017 to 2020, three principal markets—Ukraine, Turkey, and Singapore—together accounted for 58.1% of total imports in kind of sunflower, safflower, or cottonseed oil and fractions to ECOWAS.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, K $ US

The market showed signs of volatility over the observed period. Import levels fluctuated, with the low in 2019 and the high in 2020, showing a two-fold difference. In 2020, ECOWAS imported a total of 62 620 K $ US of sunflower, safflower, or cottonseed oil and fractions, marking a steep increase of 104.2% year-over-year. The minimum value was recorded in 2019 at 30 661 K $ US, which also saw the largest decline of 17.5% that year.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	4.3%	(17.5%)	104.2%	20.7%

Source: SHEV.io

Over 2017–2020, Ukraine (34.5% of imports in value terms), Turkey (21.7% of imports in value terms), and Morocco (3.9% of imports in value terms) consistently occupied leading positions in the country structure of imports in value terms, jointly accounting for 60.1% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io