Overview of the Market for Crude Sunflower-Seed And Safflower Oil in Germany
In value terms, crude sunflower-seed and safflower oil production rose remarkably to $ in 2019 estimated in export prices. Over the period under review, production enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2010 with an increase of % y-o-y. Crude sunflower-seed and safflower oil production peaked at $ in 2016; however, from 2017 to 2019, production remained at a lower figure.
The revenue of the market for crude sunflower-seed and safflower oil in Germany soared to $ in 2019, growing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a prominent increase from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +% against 2012 indices. The pace of growth appeared the most rapid in 2008 with an increase of % against the previous year. Crude sunflower-seed and safflower oil consumption peaked in 2019 and is expected to retain growth in years to come.