Ukraine continues to dominate the sunflower meal and cake market in China

In the year 2024, China experienced a 14% decrease in sunflower cake and meal imports, totaling 2.53 million tons. The majority of these imports were from Ukraine, contributing 72.4% with 1.83 million tons, followed by Russia with 14% share and Bulgaria with 11.6%. The average price per ton fell by 17.2% to 325.9 USD, with Kazakhstan offering the lowest prices at 217.2 USD/ton and Bulgaria the highest at 346.5 USD/ton. The average price in December was 292 USD/ton, marking a 25.9% decrease from the previous year.

Over the past 6 years, there has been a significant increase in the supply of sunflower cake and meal to China. At the same time, in 2024, according to the data of the General Administration of Customs of China, the volumes amounted to 2.53 mln tons, which is 14% less than in 2023. In particular, in December last year, the volume of supplies amounted to 127.2 thsd tons, which is 63.9% less than in December 2023. Ukraine accounts for 72.4% of the total exports of sunflower meal and cake – 1.83 mln tons. Deliveries from Russia accounted for 14% of the market share or 354.9 thsd tons; from Bulgaria – 11.6% or 292.1 thsd tons, from Kazakhstan – 2% or 50.6 thsd tons. There were no supplies from other countries, except for the above mentioned. In 2024, the average price of sunflower cake and meal imported to China amounted to 325.9 USD/t, down 17.2% year-on-year. In 2024, the lowest prices for sunflower cake and meal were reported from Kazakhstan – 217.2 USD/t. The prices for ...