New Articles

Ukrainian Sunflower Oilcake Suppliers Enjoy Surging Demand in China


Ukrainian Sunflower Oilcake Suppliers Enjoy Surging Demand in China

IndexBox has just published a new report: ‘China – Sunflower Oilcake – Market Analysis, Forecast, Size, Trends And Insights’. Here is a summary of the report’s key findings.

Over the last year, China increased its sunflower oilcake imports from 1.4M tonnes to 2.2M tonnes. In value terms, the imports skyrocketed by +51.3% y-o-y to $588M. Ukraine dominates Chinese sunflower oilcake imports, with a 97%-share of the total volume. The supplies from Ukraine gained $170M last year. The average sunflower oilcake import price in China fell by -3.5% y-o-y to $269 per tonne in 2020.

Chinese Sunflower Oilcake Imports by Country

In 2020, approx. 2.2M tonnes of sunflower oilcake were imported into China, picking up by +51% against 2019. In value terms, sunflower oilcake imports surged by +51.3% y-o-y to $588M (IndexBox estimates) in 2020.

In 2020, Ukraine (2.1M tonnes) was China’s main sunflower oilcake supplier, accounting for a 97% share of total imports. It was followed by Bulgaria (50K tonnes), with a 2.3% share of total imports.

In value terms, Ukraine ($571M) constituted the largest supplier of sunflower oilcake to China, comprising 97% of total imports. The second position in the ranking was occupied by Bulgaria ($13M), with a 2.2% share of total imports. In 2020, the average annual rate of growth in terms of value from Ukraine totalled +42.2%.

In 2020, the average sunflower oilcake import price amounted to $269 per tonne, reducing by -3.5% against the previous year. Average prices varied noticeably amongst the major supplying countries. In 2020, the country with the highest price was Ukraine ($270 per tonne), while the price for Bulgaria amounted to $262 per tonne. In 2020, the most notable rate of growth in terms of prices was attained by Bulgaria.

Source: IndexBox Platform

Militzer & Münch Continues European Expansion

With continuing efforts towards warehousing in Bulgaria and a new logistics terminal in the near future for its Paris, France branch, global air and sea freight service provider Militzer & Münch shows no signs of slowing down expansion initiatives on the New Silk Road as demand continues to increase, particularly in Southern and Eastern Europe.

“It is important that we adapt to the changing market and position ourselves clearly,” says Guillaume de Laage de Meux, Member of the Board of Directors of M&M Militzer & Münch International Holding AG. “We aim to grow with the change and to further increase our flexibility. This also includes taking into consideration regional features, and positioning the Group sustainably in niche markets as well as in established markets.”

Upon completion of construction for the Bulgarian logistics facility, cross docking, interim storage and faster customizing and distribution will be offered. Additionally, beginning in July of this year, the company’s France location will move to a larger warehouse offering a 60 percent area increase and 25 loading doors, solving the issue of space constraints at the current warehouse.

“We are working on further expanding our logistics services along the Silk Road. Belarus is a major hub between Asia and Europe,” says Guillaume de Laage de Meux. “In Belarus, we handle transport orders with our own truck fleet. We also offer air and sea transports, customs clearance and hazardous goods and heavy lift transports.”

The company has reported additional expansion efforts in regions such as Greece, Turkey and Belarus. In 2018, the Greece branch relocated to a 13,600 square meter distribution area around the same time the Turkey branch rented a new warehouse offering trans-shipping and other various logistics services.

“With the move, the Militzer & Münch Paris branch can assure the smooth handling of all traffics and also has space available for new customer business”, Guillaume de Laage de Meux says. “The additional capacities are to further boost the growth of Militzer & Münch France over the next years.”