Overview of the Market for Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified in Israel
In value terms, production of sunflower-seed or safflower oil, refined, but not chemically modified declined notably to $ in 2019 estimated in export prices. Overall, production continues to indicate a slight contraction. The most prominent rate of growth was recorded in 2010 with an increase of % y-o-y. Production peaked at $ in 2015; however, from 2016 to 2019, production stood at a somewhat lower figure.
The revenue of the market for sunflower-seed or safflower oil, refined, but not chemically modified in Israel dropped to $ in 2019, 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). The market value increased at an average annual rate of +% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2010 when the market value increased by % y-o-y. Over the period under review, the market reached the peak level at $ in 2015; however, from 2016 to 2019, consumption stood at a somewhat lower figure.