Chan Ye Xin Xi Wang·2025-08-17 01:08Core Insights - In 2024, global sunflower oil production is severely impacted by climate disasters, particularly in major producing countries like Russia and Ukraine, leading to a significant decrease in output and rising prices [1][8][10] - The global sunflower oil production and consumption for the 2024/25 season are projected to decline by 8.72% and 9.11% respectively, reaching 20.2 million tons and 19.05 million tons [1][8][10] Industry Overview - Sunflower oil is extracted from the seeds of the sunflower plant, containing over 50% oil content, and is recognized for its health benefits, including high levels of unsaturated fatty acids [2] - It ranks fourth in global consumption among plant oils, following palm oil, soybean oil, and canola oil [2] Industry Supply Chain - The upstream of the sunflower oil industry includes raw materials and production equipment such as sunflower seeds, oil extraction machines, and refining equipment [4] - The downstream applications of sunflower oil span across food processing, catering, cosmetics, and pharmaceuticals [4] Current Industry Status - Russia's sunflower oil production has decreased by nearly 10% to 15.7 million tons due to drought, while Ukraine's output has also significantly reduced [8][10] - The introduction of an export tax by Russia starting November 2024 is expected to further increase global supply costs and prices [1][8] Key Companies' Performance - Major players in the Chinese sunflower oil market include COFCO, Shandong Luhua, and Yihai Kerry, which dominate the market through brand influence and extensive distribution networks [12] - COFCO's sunflower oil brand "Fulinmen" and Yihai Kerry's "Golden Dragon Fish" are notable for their quality and market presence [14][16] Industry Development Trends - The market concentration is increasing, with leading companies like Golden Dragon Fish and COFCO solidifying their positions through full supply chain integration and brand strength [18] - There is a noticeable trend towards high-end and functional products in the sunflower oil market, driven by rising health consciousness among consumers [19][20] - The reliance on imported sunflower oil is over 60%, with a significant drop in imports due to geopolitical tensions, prompting a push for domestic production and alternative oil sources [21]