Overview of the Market for Crude Sunflower-Seed And Safflower Oil in the United Kingdom
In value terms, crude sunflower-seed and safflower oil production rose sharply to $ in estimated in export prices. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 when the production volume increased by % against the previous year. Crude sunflower-seed and safflower oil production peaked at $ in 2013; however, from 2014 to , production stood at a somewhat lower figure.
The size of the market for crude sunflower-seed and safflower oil in the UK reduced slightly to $ in , declining 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, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 when the market value increased by % y-o-y. Crude sunflower-seed and safflower oil consumption peaked at $ in 2012; however, from 2013 to , consumption failed to regain the momentum.