Sunflower-seed oilcake market in ASEAN

Earlier Report Observations

The sunflower-seed oilcake market in ASEAN contracted significantly between 2018 and 2022, with total market volume falling from 341.7 thousand tons to 152.9 thousand tons. This decline was primarily driven by a sharp reduction in imports, which dropped by over 75% from 245 thousand tons to 53.8 thousand tons over the same period.

In 2022, the market volume fell by 24% to 152.9 thousand tons, largely due to supply chain disruptions caused by the Ukraine-Russia war. The conflict interrupted global sunflower oil shipments, leading to price volatility and reduced availability of sunflower products in ASEAN. By 2023, the market showed slight stabilization, with volume edging up to 158.9 thousand tons.

Looking ahead to 2024, ongoing geopolitical tensions continue to affect supply chains, while rising health consciousness among consumers is boosting demand for sunflower-based products. Technological advancements in oil extraction methods are also improving efficiency, potentially supporting market recovery.

Production sunflower-seed oilcake in ASEAN

In kind, 2017-2020, K t

Top producers of sunflower-seed oilcake, 2017-2020

World map of production of sunflower-seed oilcake, 2017-2020

After a two-year decline, ASEAN's sunflower-seed oilcake production rebounded. In 2020, production reached 100.0 K t, showing a modest 3.6% increase compared to 2019. Over the 2017-2020 period, production decreased by 9.7%, with a compound annual growth rate of 3.3%. The lowest production level was recorded in 2019 at 96.5 K t, which also saw the largest annual decline of 9.0%.

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

Exports sunflower-seed oilcake from ASEAN

Exports in kind, K t

The market demonstrated significant volatility during the observed period. The lowest export volume occurred in 2017, while the highest was recorded in 2018, representing a 20-fold difference between these extremes. In 2020, ASEAN exported 0.7 K t of sunflower-seed oilcake, marking a substantial 52.5% decrease compared to the previous year. The peak export volume was 9.4 K t in 2018. The most significant decline occurred in 2019 at 83.5%, while the largest increase was recorded in 2018 at 1 948.2%.

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

Between 2017 and 2020, India (27.4% of exports in kind), the United Kingdom (7.0%), and Belgium (6.1%) emerged as the largest buyers of sunflower-seed oilcake from ASEAN. Together, these three markets accounted for 40.4% of total exports, with the remaining share distributed among numerous smaller trading partners.

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

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

Exports in value, K $ US

The data reveals irregular fluctuations, indicating a volatile market environment. Exports reached their lowest point in 2017 and peaked in 2018, with a 38-fold difference between these years. In 2020, ASEAN exported 344 K $ US worth of sunflower-seed oilcake, representing a significant 11.6% decrease compared to 2019. The maximum export value was recorded in 2018 at 3 792 K $ US. The largest decline occurred in 2019 at 89.7%, while the most substantial increase was in 2018 at 3 700.4%.

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

From 2017 to 2020, ASEAN's sunflower-seed oilcake exports were distributed across numerous countries. Even the top three destinations — India, the United Kingdom, and Belgium — collectively represented just 47.3% of total export value, highlighting the fragmented nature of the market.

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

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

Imports sunflower-seed oilcake to ASEAN

Imports in kind, K t

In 2020, ASEAN's sunflower-seed oilcake imports reached 158.1 K t, representing a 12.8% increase compared to the previous year. Over the 2017-2020 period, imports decreased by 16.1%, with a compound annual growth rate of 5.7%. The lowest import volume was recorded in 2019 at 140.2 K t, while the highest was in 2018 at 245.0 K t. The most significant decline occurred in 2019 at 42.8%, and the largest increase was in 2018 at 30.1%.

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

Between 2017 and 2020, Ukraine remained the dominant source for ASEAN's sunflower-seed oilcake imports, accounting for 83.6% of total import volume. Other supplying countries played much smaller roles in the import structure.

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

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

Imports in value, K $ US

In 2020, ASEAN's sunflower-seed oilcake import value totaled 42 702 K $ US, reflecting a strong 19.2% year-over-year increase. Over the 2017-2020 period, imports decreased by 3.9%, with a compound annual growth rate of 1.3%. The minimum import value was recorded in 2019 at 35 837 K $ US, while the maximum was in 2018 at 62 180 K $ US. The largest decline occurred in 2019 at 42.4%, and the most substantial increase was in 2018 at 39.9%.

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

Throughout 2017-2020, Ukraine maintained its position as the primary source for ASEAN's sunflower-seed oilcake imports in value terms, capturing 84.4% of total import value. The remaining share was distributed among various smaller markets.

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

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