The EU is reducing imports of Ukrainian sunflower oil: what has affected supplies?

Published Feb 18, 2025

Tridge summary

Ukraine continues to be a major supplier of sunflower oil to the EU for the 2024/25 marketing year, despite a decrease in supply volumes compared to the previous year. From July 1, 2024, to February 2, 2025, EU imports of sunflower oil totaled approximately 1.24 million tons, a decrease from 1.51 million tons the previous year but an increase from 1.13 million tons in the 2022/23 marketing year. Recent weeks have seen a significant drop in imports, with volumes falling from 59,000 tons in December to just under 25,000 tons in early February. Despite this, Ukraine has maintained a 94% market share in the EU, with Serbia and Bosnia taking the second and third places with 3% and almost 1% market share, respectively. The decrease in supply is attributed to a raw material shortage, which has limited processing and export potential.

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Original content

According to the European Commission, Ukraine remains a key supplier of sunflower oil to the EU countries in the 2024/25 MY, although the volume of product supplies is lower than last year, reports the Union for the Promotion of Grain and Oilseed Crops in Germany (UFOP). As noted, from July 1, 2024 to February 2, this year, EU countries imported about 1.24 million tons of sunflower oil, which is noticeably lower than 1.51 million tons for the same period last season, but more than 1.13 million tons in the 2022/23 MY. At the same time, experts note that imports have fallen noticeably in recent weeks. Thus, if in December the weekly volumes were about 59 thousand tons, then in early February this volume is slightly less than 25 thousand tons. "Since the beginning of the season, Ukraine has shipped 1.17 million tons of sunflower oil to the EU. According to data from Agrarmarkt Informations-Gesellschaft (mbH), this figure corresponds to a market share of 94%, but it is inferior to ...

Source: Agravery