Overview of the Market for Crude Sunflower-Seed And Safflower Oil in Italy
In value terms, crude sunflower-seed and safflower oil production fell to $ in 2019 estimated in export prices. Overall, production recorded a abrupt downturn. The growth pace was the most rapid in 2014 when the production volume increased by % year-to-year. Crude sunflower-seed and safflower oil production peaked at $ in 2007; however, from 2008 to 2019, production failed to regain the momentum.
The size of the market for crude sunflower-seed and safflower oil in Italy expanded rapidly to $ in 2019, picking up 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). Over the period under review, consumption showed strong growth. The most prominent rate of growth was recorded in 2016 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 the immediate term.