Market for Sunflower-Seed And Safflower Oil in the United States
In value terms, sunflower-seed and safflower oil production reached $ in . Overall, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2012 when the production volume increased by % against the previous year. Over the period under review, production attained the maximum level at $ in 2009; however, from 2010 to , production failed to regain momentum.
The value of the sunflower-seed and safflower oil market in the United States reduced to $ in , shrinking 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). Overall, the total consumption indicated modest growth from 2007 to : its value increased at an average annual rate of +% over the last fourteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2019 indices. As a result, consumption reached the peak level of $. From 2013 to , the growth of the market remained at a somewhat lower figure.