Sunflower Oilcake Market Overview in Northern America
In value terms, sunflower oilcake production contracted slightly to $ in 2019 estimated in export prices. In general, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the production volume increased by % y-o-y. As a result, production attained the peak level of $; afterwards, it flattened through to 2019.
The U.S. ( tonnes) constituted the country with the largest volume of sunflower oilcake production, comprising approx. % of total volume. Moreover, sunflower oilcake production in the U.S. exceeded the figures recorded by the second-largest producer, Canada ( tonnes), fivefold.
In the U.S., sunflower oilcake production expanded at an average annual rate of +% over the period from 2007-2019.
The value of the sunflower oilcake market in Northern America fell modestly to $ in 2019, stabilizing at 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, consumption saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of % y-o-y. As a result, consumption attained the peak level of $; afterwards, it flattened through to 2019.
From 2007 to 2019, the average annual rate of growth in terms of volume in the U.S. stood at +%.
In value terms, the U.S. ($) led the market, alone. The second position in the ranking was occupied by Canada ($).
In the U.S., the sunflower oilcake market remained relatively stable over the period from 2007-2019.
The countries with the highest levels of sunflower oilcake per capita consumption in 2019 were Canada ( kg per person) and the U.S. ( kg per person).
From 2007 to 2019, the biggest increases were in the U.S..