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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

LATAM cargo

Latam Cargo Supports Valentine’s Day Demand with Delivery of 12,600 Tons of Flowers

Fresh flower export season is upon us and with it brings two significant holidays: Valentine’s Day and Mother’s Day. To support the increasing demand for fresh flowers during this period, Latam Cargo deployed over 210 Cargo Boeing 767-300 freighters filled with fresh flowers (12,600 tons total) to aid in preparations and sales. This total confirms a 45 percent increase from last year marked by the company’s Colombia and Ecuador operations increase strategy.

The United States accounted for nearly 90 percent of flowers (11,300 tons) transported by the company as the top consumer, with a 45 percent increase in demand compared to last year’s Valentine’s holiday.

“In 2019 we decided to expand our cargo operations in Colombia and Ecuador to offer our customers enhanced frequency and capacity options,” said Felipe Caballero, LATAM Cargo Senior Revenue Manager for South America. “For the company, these Valentine’s Day figures are proof that our customers understand and value our commitment and effort to provide permanent and stable solutions for their shipments.”

As part of its extensive network consisting of 145+ global destinations, LATAM Cargo reported successful deliveries to customer markets in North America, Europe, Oceania, South America, and Asia. Among flowers seeing the highest demand totals, roses, mixed bouquets and carnations remained the top three big hits. Chrysanthemums, iris, gypsophila, and greenery also made the list, primarily in Bogota and Medellin in Colombia and from Quito in Ecuador.

“LATAM Cargo successfully completed a highly complex operation to maintain the freshness and shelflife of our customers’ flowers. This positive result comes at the same time as we introduce to the market our new perishable care, FRESH, which seeks to safeguard the freshness and shelflife of perishable products,” said Cristina Oñate, VP of Marketing and Product Development for LATAM Cargo. “FRESH is our stable and scalable approach to meeting this challenge, and offers a global standard of cold chain management for perishables across our LATAM network.”