Sunflower, safflower or cottonseed oil and fractions market in Sweden

Earlier Report Observations

The market for sunflower, safflower or cottonseed oil and fractions in Sweden experienced considerable volume swings from 2018 to 2023. Starting at 35 844 t in 2018, it surged to 44 291 t in 2019, then declined over the next two years to a low of 36 960 t in 2021. A robust recovery followed in 2022, pushing the market to 45 402 t, before it contracted again to 42 847 t in 2023.

The market decline in 2023 was shaped by active public debate and scientific research concerning the health impacts of seed oils, particularly those high in omega-6 fatty acids, which influenced consumer preferences and reduced demand. Concurrently, longstanding EU-mandated food labeling rules for fats and oils, in force since late 2015, continued to steer the market by promoting transparency and reinforcing a consumer shift towards products perceived as more sustainable.

Production sunflower, safflower or cottonseed oil and fractions in Sweden

In kind, 2017-2020, 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

Sweden's production of sunflower, safflower, or cottonseed oil and fractions has increased for the second year in a row. In 2020, the country produced 7 148 tonnes, marking an 11.8% rise compared to the previous year. However, looking at the broader period from 2017 to 2020, production actually declined by 16.9%, which translates to an average annual decrease of 6.0%. The lowest production level was recorded in 2018 at 5 753 tonnes, with that year also seeing the sharpest drop of 33.1%.

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

In value, 2017-2020, K $ US

Sweden's production value for sunflower, safflower, or cottonseed oil and fractions has grown for the second consecutive year. In 2020, the output was valued at 12 602 thousand US dollars, showing a solid increase of 13.6% from 2019. Over the 2017-2020 period, production value decreased by 10.7%, with a compound annual growth rate of -3.7%. The minimum value occurred in 2018 at 9 769 thousand US dollars, which also experienced the largest decline of 30.8%.

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

Exports sunflower, safflower or cottonseed oil and fractions from Sweden

Exports in kind, t

Sweden's exports of sunflower, safflower, or cottonseed oil and fractions have risen for the second year in a row. In 2020, exports totaled 3 983 tonnes, a 2.0% increase over the previous year. From 2017 to 2020, exports decreased by 4.2%, averaging an annual decline of 1.4%. The lowest export volume was in 2018 at 3 549 tonnes, with that year recording the largest drop of 14.6%. In contrast, 2019 saw the biggest increase of 10.0%.

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

Between 2017 and 2020, Norway, Germany, and Poland were the top destinations for Sweden's exports in kind. Norway accounted for 30.6% of exports, Germany for 15.0%, and Poland for 8.1%. Together, these three countries made up 53.7% of total export flows.

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 for sunflower, safflower, or cottonseed oil and fractions has increased for the second consecutive year. In 2020, exports reached 7 022 thousand US dollars, up 3.7% from the previous year. Over the 2017-2020 period, exports grew by 2.9%, with an average annual rate of 1.0%. The lowest value was recorded in 2018 at 6 027 thousand US dollars, which also saw the largest decline of 11.6%. The most significant increase occurred in 2019, with a 12.3% rise.

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

From 2017 to 2020, Sweden's export value was distributed among several countries without a clear dominant partner. Norway led with 24.3% of exports, followed by Germany at 12.8% and Poland at 9.1%. Combined, these three accounted for 46.3% of total export flows.

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, safflower or cottonseed oil and fractions to Sweden

Imports in kind, t

After two years of growth, Sweden's imports of sunflower, safflower, or cottonseed oil and fractions declined in 2020. Imports reached 38 970 tonnes, a gradual decrease of 6.8% compared to 2019. Over the 2017-2020 period, imports increased by 16.2%, averaging an annual growth rate of 5.1%. The peak import volume was in 2019 at 41 799 tonnes, which also experienced the largest increase of 24.3%.

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

Between 2017 and 2020, the Netherlands, Germany, and the United Kingdom were consistently the main sources for Sweden's imports in kind. The Netherlands accounted for 43.5% of imports, Germany for 18.0%, and the United Kingdom for 9.7%. Together, these three countries represented 71.2% of total import flows.

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 for sunflower, safflower, or cottonseed oil and fractions has increased for the third consecutive year. In 2020, imports were valued at 41 694 thousand US dollars, showing a slight gain of 1.4% compared to 2019. From 2017 to 2020, import value rose by 25.4%, with an average annual growth rate of 7.8%.

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

Over the 2017-2020 period, the Netherlands, Germany, and the United Kingdom were the primary suppliers of sunflower, safflower, or cottonseed oil and fractions to Sweden in value terms. The Netherlands contributed 39.5% of imports, Germany 19.0%, and the United Kingdom 11.0%. Collectively, these three countries accounted for 69.6% 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