"Southern Europe" region includes following countries:
Earlier Report Observations
The market volume for sunflower, safflower, or cottonseed oil and fractions in Southern Europe increased from 2 128 thousand tonnes in 2018 to 2 206 thousand tonnes in 2019, then contracted to 1 997 thousand tonnes in 2020. Global sunflower oil supply remained heavily dependent on Ukraine and Russia, influencing worldwide availability and pricing.
After stabilizing near 1 996 thousand tonnes in 2021, the market grew to 2 193 thousand tonnes in 2022 and reached 2 324 thousand tonnes in 2023. The Russia-Ukraine war disrupted supply chains, creating uncertainty that prompted higher import volumes and drove market expansion as European buyers sought to secure stocks. Continued global supply tension maintained this upward pressure through 2023.
In 2024, supply concerns linked to the war led to rationing of sunflower oil sales in supermarkets across Spain and Portugal. European prices corrected downward by 11% in December after historic highs, aided by increased shipments from Russia and Ukraine and competition from other vegetable oils, while the industry adopted more efficient, sustainable extraction and refining technologies.
Table of content
- 1. Disclaimer
- 2. Terms of use of the report
- 3. Product codes in the statistical classifications used in the report
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4. Key Market Indicators and Trends
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4.1. Key Market Indicators
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4.1.1. In kind
- 4.1.1.1. Production, 2018-2023
- 4.1.1.2. Imports, 2018-2024
- 4.1.1.3. Exports, 2018-2024
- 4.1.1.4. Market size, 2018-2023
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4.1.1. In kind
- 4.2. Market Trends and Factors
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4.1. Key Market Indicators
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5. Production
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5.1. Production in Southern Europe
- 5.1.1. Annual dynamics of production in Southern Europe in kind, 2018-2023, K t
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5.2. Global production by Country, 2018-2023
- 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, K t
- 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
- 5.2.3. Annual dynamics of production by country in kind, 2018-2023, K t
- 5.2.4. Structure of production by countries in kind, 2018-2023
- 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
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5.1. Production in Southern Europe
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6. Imports
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6.1. Imports (Direct Data*)
- 6.1.1. Imports - Total information
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6.1.2. Imports in kind, K t
- 6.1.2.1. Annual dynamics of product's imports to Albania in kind, 2018-2024, K t
- 6.1.2.2. Dynamics of product's imports in kind to Albania by countries, 2018-2024, K t
- 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
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6.1.3. Imports in value, M $ US
- 6.1.3.1. Annual dynamics of product's imports to Albania in value, 2018-2024, M $ US
- 6.1.3.2. Dynamics of product's imports in value to Albania by countries, 2018-2024, M $ US
- 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
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6.1.4. Average price of product's imports, $ US/t
- 6.1.4.1. Annual dynamics of average price of product's imports to Albania, 2018-2024, $ US/t
- 6.1.4.2. Dynamics of average price of product's imports to Albania by countries, 2018-2024, $ US/t
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6.2. Imports (Mirror Data)
- 6.2.1. Imports - Total information
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6.2.2. Imports in kind, K t
- 6.2.2.1. Annual dynamics of product's imports to Albania in kind, 2018-2024, K t
- 6.2.2.2. Dynamics of product's imports in kind to Albania by countries, 2018-2024, K t
- 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
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6.2.3. Imports in value, M $ US
- 6.2.3.1. Annual dynamics of product's imports to Albania in value, 2018-2024, M $ US
- 6.2.3.2. Dynamics of product's imports in value to Albania by countries, 2018-2024, M $ US
- 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
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6.2.4. Average price of product's imports, $ US/t
- 6.2.4.1. Annual dynamics of average price of product's imports to Albania, 2018-2024, $ US/t
- 6.2.4.2. Dynamics of average price of product's imports to Albania by countries, 2018-2024, $ US/t
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6.1. Imports (Direct Data*)
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7. Exports
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7.1. Exports (Direct Data*)
- 7.1.1. Exports - Total information
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7.1.2. Exports in kind, K t
- 7.1.2.1. Annual dynamics of product's exports from Albania in kind, 2018-2024, K t
- 7.1.2.2. Dynamics of product's exports in kind from Albania by countries, 2018-2024, K t
- 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
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7.1.3. Exports in value, M $ US
- 7.1.3.1. Annual dynamics of product's exports from Albania in value, 2018-2024, M $ US
- 7.1.3.2. Dynamics of product's exports in value from Albania by countries, 2018-2024, M $ US
- 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
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7.1.4. Average price of product's exports, $ US/t
- 7.1.4.1. Annual dynamics of average price of product's exports from Albania, 2018-2024, $ US/t
- 7.1.4.2. Dynamics of average price of product's exports from Albania by countries, 2018-2024, $ US/t
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7.2. Exports (Mirror Data)
- 7.2.1. Exports - Total information
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7.2.2. Exports in kind, K t
- 7.2.2.1. Annual dynamics of product's exports from Albania in kind, 2018-2024, K t
- 7.2.2.2. Dynamics of product's exports in kind from Albania by countries, 2018-2024, K t
- 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
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7.2.3. Exports in value, M $ US
- 7.2.3.1. Annual dynamics of product's exports from Albania in value, 2018-2024, M $ US
- 7.2.3.2. Dynamics of product's exports in value from Albania by countries, 2018-2024, M $ US
- 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
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7.2.4. Average price of product's exports, $ US/t
- 7.2.4.1. Annual dynamics of average price of product's exports from Albania, 2018-2024, $ US/t
- 7.2.4.2. Dynamics of average price of product's exports from Albania by countries, 2018-2024, $ US/t
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7.1. Exports (Direct Data*)
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8. Trade balance
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8.1. Trade balance (Direct Data)
- 8.1.1. In kind, K t
- 8.1.2. In value, M $ US
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8.2. Trade balance (Mirror Data)
- 8.2.1. In kind, K t
- 8.2.2. In value, M $ US
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8.1. Trade balance (Direct Data)
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9. Top buying and selling countries, 2018-2024
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9.1. Direct Data
- 9.1.1. Import in Value by Countries-buyers
- 9.1.2. Export in Value by Countries-suppliers
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9.2. Mirror Data
- 9.2.1. Import in Value by Countries-buyers
- 9.2.2. Export in Value by Countries-suppliers
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9.1. Direct Data
Production sunflower, safflower or cottonseed oil and fractions in Southern Europe
In kind, 2017-2020, K t
Top producers of sunflower, safflower or cottonseed oil and fractions, 2017-2020
World map of production of sunflower, safflower or cottonseed oil and fractions, 2017-2020
In Southern Europe, production of sunflower, safflower, or cottonseed oil and fractions reached 1 201 K t in 2019, marking the highest level in recent years. However, output declined to 1 116 K t in 2020, representing a 7.1% decrease from the previous year. Over the 2017-2020 period, production fell by 5.5%, with an average annual decline of 1.9%. The most significant year-on-year increase occurred in 2019, when production rose by 2.3%.
Annual dynamics of production in Southern Europe in kind, 2017-2020, K t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (0.6%) | 2.3% | (7.1%) | (1.9%) |
In value, 2017-2020, M $ US
Southern Europe's production of sunflower, safflower, or cottonseed oil and fractions has declined for three consecutive years. In 2020, the output was valued at 1 151 M $ US, reflecting a 9.6% decrease compared to 2019. Over the 2017-2020 period, production value dropped by 15.2%, with an average annual decline of 5.4%.
Annual dynamics of production in Southern Europe in value, 2017-2020, M $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (3.4%) | (2.9%) | (9.6%) | (5.4%) |
Exports sunflower, safflower or cottonseed oil and fractions from Southern Europe
Exports in kind, K t
Exports of sunflower, safflower, or cottonseed oil and fractions from Southern Europe have increased for two consecutive years. In 2020, exports totaled 609 K t, up 2.8% from the previous year. Over the 2017-2020 period, exports grew by 18.6%, with an average annual increase of 5.8%. The lowest export volume was recorded in 2018 at 510 K t, which represented a 0.6% decline from 2017. The most significant growth occurred in 2019, with a 16.1% increase.
Annual dynamics of product's exports from Southern Europe in kind, 2017-2020, K t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (0.6%) | 16.1% | 2.8% | 5.8% |
Between 2017 and 2020, Turkey, France, and South Africa were notable buyers of sunflower, safflower, or cottonseed oil and fractions from Southern Europe, accounting for 11.7%, 9.4%, and 4.6% of exports in kind, respectively. However, their combined share reached only 25.7% of total exports, with the remaining 74.3% distributed among numerous other trading partners.
Structure of product's exports in kind by countries, 2017-2020
World map of product's exports from Southern Europe in kind, 2017-2020
Exports in value, M $ US
In 2020, the value of exported sunflower, safflower, or cottonseed oil and fractions from Southern Europe was 628 M $ US, showing minimal change from the previous year. Over the 2017-2020 period, export value increased by 6.4%, with an average annual growth of 2.1%. The lowest value was recorded in 2018 at 570 M $ US, which marked a 3.4% decline from 2017. The most significant increase occurred in 2019, with a 10.1% rise.
Annual dynamics of product's exports from Southern Europe in value, 2017-2020, M $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (3.4%) | 10.1% | 0.0% | 2.1% |
From 2017 to 2020, the export market in value terms was diverse, with Turkey, France, and South Africa accounting for 10.8%, 10.6%, and 3.9% of exports, respectively. Together, these three countries represented only 25.3% of total export value, while the substantial majority of 74.7% was distributed among many other countries.
Structure of product's exports in value by countries, 2017-2020
World map of product's exports from Southern Europe in value, 2017-2020
Imports sunflower, safflower or cottonseed oil and fractions to Southern Europe
Imports in kind, K t
Imports of sunflower, safflower, or cottonseed oil and fractions into Southern Europe reached 1 490 K t in 2020, reflecting a 6.7% decrease from the previous year. Over the 2017-2020 period, imports declined by 12.4%, with an average annual decrease of 4.3%. The lowest import volume was recorded in 2018 at 1 465 K t, which represented a 13.9% decline from 2017. The most significant increase occurred in 2019, with a 9.1% rise.
Annual dynamics of product's imports to Southern Europe in kind, 2017-2020, K t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (13.9%) | 9.1% | (6.7%) | (4.3%) |
Between 2017 and 2020, Ukraine, Hungary, and Bulgaria remained the primary suppliers of sunflower, safflower, or cottonseed oil and fractions to Southern Europe, accounting for 49.0%, 10.4%, and 8.4% of imports in kind, respectively. Together, these three countries formed 67.8% of total imports.
Structure of product's imports in kind by countries, 2017-2020
World map of product's imports to Southern Europe in kind, 2017-2020
Imports in value, M $ US
Imports of sunflower, safflower, or cottonseed oil and fractions into Southern Europe have increased for two consecutive years. In 2020, imports amounted to 1 402 M $ US, up 4.1% from 2019. Over the 2017-2020 period, import value decreased by 9.2%, with an average annual decline of 3.2%. The lowest value was recorded in 2018 at 1 308 M $ US, which marked a 15.3% decrease from 2017.
Annual dynamics of product's imports to Southern Europe in value, 2017-2020, M $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (15.3%) | 2.9% | 4.1% | (3.2%) |
From 2017 to 2020, Ukraine, Hungary, and Bulgaria were the largest contributors to imports in value terms, accounting for 46.7%, 10.8%, and 8.6% of imports, respectively. Collectively, these three suppliers represented 66.0% of total import value.
Structure of product's imports in value by countries, 2017-2020
World map of product's imports to Southern Europe in value, 2017-2020
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