Refined Sunflower Oil Prices

Refined Sunflower Oil Prices December 2023

The price of refined sunflower oil in the United States for Q4 2023 reached 2015 USD/MT in December. Similarly, the price trend for refined sunflower oil in China reached 1187 USD/MT in December 2023. Whereas, Germany’s refine sunflower oil prices reached 1523 USD/MT in the same month.

Refined Sunflower Oil Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Refined Sunflower Oil Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of refined sunflower oil pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of refined sunflower oil at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of refined sunflower oil price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing refined sunflower oil price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Refined Sunflower Oil Market Analysis

The global refined sunflower oil market size reached 15.30 Million Tons in 2023. By 2032, IMARC Group expects the market to reach 24.14 Million Tons, at a projected CAGR of 5.2% during 2023-2032.

• The rising global health consciousness among consumers significantly drives the refined sunflower oil market. As individuals become more aware of the health implications of their dietary choices, the demand for oils with lower saturated fats and higher levels of beneficial nutrients has increased. Refined sunflower oil is rich in Vitamin E, an antioxidant, and contains a balanced fatty acid profile, making it a preferred choice for health-conscious consumers. The high smoke point of the oil also makes it suitable for various cooking methods, including frying and baking, without forming harmful compounds. According to a report by the WORLD HEALTH ORGANIZATION (WHO), global obesity rates have more than doubled since 1990, leading to an increased focus on healthier food options. This shift in dietary preferences is evident in the increased sales of sunflower oil. This trend is expected to continue as more consumers seek to incorporate healthier oils into their diets.
• The growth of the global food processing industry is another major factor propelling the refined sunflower oil market. The versatility and neutral taste of the sunflower oil make it an ideal ingredient for various processed foods, including snacks, margarine, and confectionery products. The stability and shelf life of this oil also contribute to its widespread use in food manufacturing. As the demand for processed and convenience foods increases, particularly in emerging economies, the need for refined sunflower oil grows correspondingly. According to the INDIA BRAND EQUITY FOUNDATION (IBEF), India food processing market is expected to reach US$ 1,247 Billion in 2027 and has reached US$ 866 Billion in 2022. This burgeoning industry requires substantial amounts of refined edible oils, including sunflower oil, to meet production demands.
• Rising disposable incomes and urbanization, particularly in developing countries, have also played a crucial role in the growth of the refined sunflower oil market. As populations move toward urban areas, dietary patterns shift, and there is a higher consumption of edible oils due to increased purchasing power and changing lifestyles. Urban dwellers tend to have more diverse dietary preferences and are more likely to experiment with different cooking oils, including sunflower oil. According to the WORLD BANK, the growth in South Asia is expected to witness a strong growth of 6.0% in 2024, due to the significant growth in India and recoveries in Sri Lanka and Pakistan. This demographic shift leads to increased spending on food products, including refined sunflower oil, which is perceived as a healthier and versatile cooking option. Additionally, urbanization drives the expansion of retail sectors and supermarkets, making refined sunflower oil more accessible to a broader audience.

Refined Sunflower Oil News

The report covers the latest developments, updates, and trends impacting the global refined sunflower oil market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in refined sunflower oil production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the refined sunflower oil price trend.

Latest developments in the refined sunflower oil industry:

• November 5, 2023: BUNGE INDIA has announced the expansion of its refined sunflower oil brand, Fiona, in Odisha. The oil is enriched with essential Vitamins A, D, E, and K, with a unique VitoProtect formula that allows for higher transfer of vitamins to food during cooking.
• October 14, 2023: THE GEMINI EDIBLES & FATS INDIA LTD. (GEF INDIA) launched a new 10 litre multi-use jar of Freedom Refined Sunflower oil in Hyderabad. The launch event was attended by anchor and actor Suma Kanakala and the vice-president of the company (sales and marketing) P. Chandra Shekhara Reddy. The new SKU was designed to meet modern consumer needs and environmental trends.

Product Description

Refined sunflower oil is a type of vegetable oil extracted from the seeds of the sunflower plant (Helianthus annuus) and is widely appreciated for its light taste and high nutritional value. The refining process involves several stages to ensure the purity and quality of the oil. Initially, sunflower seeds are cleaned and dehulled to remove impurities and shells. The seeds are then subjected to pressing or solvent extraction to obtain crude sunflower oil. This crude oil undergoes refining processes such as degumming, neutralization, bleaching, and deodorization.

Refined sunflower oil is extensively used in cooking and food preparation due to its versatility and health benefits. It is ideal for frying, baking, and salad dressings, as it maintains stability at high temperatures without producing harmful compounds. Additionally, its light texture and neutral taste do not overpower the flavor of dishes, making it a preferred choice for both home cooks and professional chefs. Beyond culinary uses, refined sunflower oil is also employed in the cosmetic and pharmaceutical industries for its moisturizing properties and nutritional content, contributing to its widespread appeal and demand.

Regional Coverage

The report provides a detailed analysis of the refined sunflower oil market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the refined sunflower oil price trend.  

Global Refined Sunflower Oil Price

The report offers a holistic view of the global refined sunflower oil pricing trends in the form of refined sunflower oil price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of refined sunflower oil but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed refined sunflower oil demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Refined Sunflower Oil Price

European refined sunflower oil prices are examined, highlighting the market-specific influences in the region, such as stringent environmental regulations, the competitive landscape, and import-export imbalances that significantly affect pricing structures.

This analysis can be extended to include detailed refined sunflower oil price information for a comprehensive list of countries.

North America Refined Sunflower Oil Price

The analysis of refined sunflower oil prices in North America delves into the regional industry dynamics, encompassing the impact of local production capacities and the trade flows between North America and other significant global markets.

Specific refined sunflower oil historical data within the United States and Canada can also be provided.

Middle East and Africa Refined Sunflower Oil Price

The report explores the refined sunflower oil pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on refined sunflower oil prices for countries can also be provided.

Asia Pacific Refined Sunflower Oil Price

The refined sunflower oil pricing trends in Asia Pacific are examined, reflecting the role of the region as a major global production hub and consumer market, with price dynamics heavily influenced by supply chain efficiencies, regional demand surges, and policy shifts in major economies.

This refined sunflower oil price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Refined Sunflower Oil Price

The analysis of refined sunflower oil prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of refined sunflower oil pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting refined sunflower oil price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The refined sunflower oil price charts ensure our clients remain at the forefront of the industry.