In 2021/22 MY, despite an overall reduction of sunflower oil exports by 15%, the shipments of refined oil increased by 4% amounting to 511 thsd tonnes, which became the second largest volume ever. The largest volumes of refined sunflower oil were exported in 2019/20 MY (666 thsd tonnes).
The increase in the export of refined packaged sunflower oil from Ukraine was recorded at the beginning of last season due to growing energy cost and, accordingly, the cost of production of refined and packaged products in the world and, in particular, in Europe, which significantly improved the attractiveness of Ukrainian product. In January 2022, monthly export increased by 54% y/y. However, starting from February, it significantly decreased due to the blocking of ports.
During the war period, due to logistical difficulties, the demand was mainly for refined and packaged oil that contributed to a rather rapid recovery of the export.