The price per unit is forecast to experience significant growth in all segments in 2029. As part of the positive trend, the price per unit reaches the maximum value for all two different segments at the end of the comparison period. Particularly noteworthy is the segment Major Appliances, which has the highest value of 824.72 U.S. dollars. Find further statistics on other topics such as a comparison of the revenue in the United States and a comparison of the volume in Brazil. The Statista Market Insights cover a broad range of additional markets.

Ukraine E-Commerce Transactions: AOV: E-Commerce & Shopping: Price Comparison data was reported at 35.552 USD in 12 Dec 2024. This records an increase from the previous number of 29.141 USD for 11 Dec 2024. Ukraine E-Commerce Transactions: AOV: E-Commerce & Shopping: Price Comparison data is updated daily, averaging 50.609 USD from Dec 2018 (Median) to 12 Dec 2024, with 311 observations. The data reached an all-time high of 557.600 USD in 09 Jan 2020 and a record low of 3.470 USD in 12 Jun 2020. Ukraine E-Commerce Transactions: AOV: E-Commerce & Shopping: Price Comparison data remains active status in CEIC and is reported by Grips Intelligence Inc.. The data is categorized under Global Database’s Ukraine – Table UA.GI.EC: E-Commerce Transactions: by Category.

Over the last two observations, the price per unit is forecast to significantly increase in all segments. Particularly striking is the exceptionally strong increase of the segment Vacuum Cleaners towards the end of the forecast period. The value amounting to 8.3 U.S. dollars stands out significantly from the average changes, which are estimated at 2.75 U.S. dollars. Find further statistics on other topics such as a comparison of the average revenue per household in Iraq and a comparison of the price per unit in Switzerland. The Statista Market Insights cover a broad range of additional markets.

Fuel prices, already high due to a recovering post-pandemic economy, surged even higher after Russia's invasion of Ukraine on February 2022. As of May of that same year, UCOME (used cooking oil methyl ester) average wholesale prices were higher than any other fuel, standing at 2,607 U.S. dollars per metric ton of oil equivalent. This represented an increase of over 124 percent when compared to 2018/2019 average prices. However, the largest price increase was reported for TME (tallow methyl ester). As of May 2022, TME's average wholesale price amounted to 1,112 U.S. dollars per metric ton of oil equivalent, up by more than 133 percent in comparison to 2018/2019.

Wheat decreased 17.24 USd/BU or 3.13% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Wheat - values, historical data, forecasts and news - updated on March of 2025.

The average monthly price for natural gas in the United States amounted to 3.02 nominal U.S. dollars per million British thermal units (Btu) in December 2024. By contrast, natural gas prices in Europe were about four times higher than those in the U.S. Prices for Europe tend to be notably higher than those in the U.S. as the latter benefits from being a major hydrocarbon producer. Europe's import reliance European prices for natural gas rose most notable throughout the second half of 2021 and much of 2022, peaking at over 70 U.S. dollars per million Btu in August 2022. The sharp rise was due to supply chain issues and economic strain following the COVID-19 pandemic, which was further exacerbated by Russia’s invasion of Ukraine in early 2022. As a result of the war, many countries began looking for alternative sources, and Russian pipeline gas imports to the European Union declined as a result. Meanwhile, LNG was a great beneficiary, with LNG demand in Europe rising by more than 60 percent between 2021 and 2023. How domestic natural gas production shapes prices As intimated, the United States’ position among the leaders of worldwide natural gas production is one of the main reasons for why prices for this commodity are so low across the country. In 2023, the U.S. produced more than one trillion cubic meters of natural gas, which allays domestic demand and allows for far lower purchasing prices.

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Sunflower Oil Market Size 2024-2028

The sunflower oil market size is forecast to increase by USD 5.84 billion at a CAGR of 5.42% between 2023 and 2028. The market is experiencing significant growth, driven by various factors. One key trend is the increasing use of sunflower oil for biodiesel production, as it is rich in unsaturated fatty acids, making it an ideal feedstock for this alternative fuel. Another trend is the introduction of new packaging for sunflower oil, such as stand-up pouches and biodegradable bottles, which offer convenience and sustainability. However, the market also faces challenges, including the availability of substitutes like soybean, palm, and cottonseed oils, which can impact the price competitiveness of sunflower oil. Additionally, fluctuations in weather conditions and harvest yields can affect the supply of sunflower seeds, impacting the overall production and availability of sunflower oil. Despite these challenges, the market is expected to grow at a steady pace due to its health benefits, versatility, and increasing demand for sustainable biodiesel production.

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Sunflower oil, derived from sunflower seeds, is a popular vegetable oil used extensively in various industries, including food, biofuels, and personal care. The oil extraction process involves pressing or solvent extraction of sunflower seeds to obtain the golden-colored oil. Sunflower oil is rich in monounsaturated oleic acid and polyunsaturated linoleic acid, making it a healthy choice for cooking and as a base for various products. In the energy industry, sunflower oil is used as a feedstock for biodiesel production. In the food sector, it is used in cooking oils, as well as in the production of mid-oleic and high-oleic oils.

Furthermore, sunflower oil is also used in the production of biofuels, and in the personal care industry for sunscreen, facial masks, eye treatments, and other applications. The sunflower seed market is driven by the growing demand for sunflower oil in the food industry, as well as its use in biofuels and personal care products. Health issues such as coronary heart disease, obesity, and cardiovascular ailments have led to an increased demand for fortified edible oils, which are rich in vitamins and minerals. Sunflower oil is a good source of good cholesterol and is considered a healthier alternative to other cooking oils.

Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Application

  Food
  Industrial


Distribution Channel

  Offline
  Online


Geography

  Europe



  APAC

    China


  Middle East and Africa



  South America

    Brazil
    Argentina


  North America

By Application Insights

The food segment is estimated to witness significant growth during the forecast period. Sunflower oil, derived from the seeds of sunflower plants, is a popular vegetable oil used extensively in various industries, including the food and energy sectors. The oil extraction process involves pressing or solvent extraction of the seeds to obtain the edible oil. Sunflower oil contains essential nutrients such as monounsaturated and polyunsaturated fatty acids, including oleic acid and linoleic acid, which are beneficial for reducing bad cholesterol levels. The HoReCa sector, comprising food restaurants, pubs, bars, and clubs, is a significant importer of sunflower oil due to its high smoke point and stability during cooking. Sunflower oil is also used in the energy industry for producing biodiesel.

Furthermore, it contains vitamins A, E, and K, phytosterols, and minerals, making it an essential ingredient in personal care products. The World Health Organization recommends limiting trans fats, which are formed during hydrogenation of vegetable oils like sunflower oil, linoleic oil, mid-oleic sunflower oil, and high-oleic sunflower oil. In comparison to olive oil, canola oil, and coconut oil, sunflower oil has a higher content of polyunsaturated fatty acids. Therefore, it is essential to consume sunflower oil in moderation to maintain a healthy diet.

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The food segment accounted for USD 14.43 billion in 2018 and showed a gradual increase during the forecast period.

Regional Insights

Europe is estimated to contribute 38% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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Sunflower oil, derived from sunflower seeds, holds significant value in various industries, including cosmetics and food.

Germany was estimated to have the highest total costs from taking in refugees from Ukraine due to the Russian invasion that started in February 2022, at approximately 35.4 billion euros as of December 2024. Poland, which ranked second, was one of the countries that took in the most refugees from Ukraine. Spain had the third-highest estimated refugee cost, at around 8.2 billion euros.

In 2023, the lowest mobile internet price in Central and Eastern European countries was paid in Russia and Ukraine. Moldova ranked 15 in a list of 237 countries worldwide, from the cheapest to the most expensive for mobile data. The cost of 1GB amounted to 0.25 U.S. dollars. For comparison, Latvia has the most expensive mobile Internet in the CEE region - 3.21 U.S. dollars per one gigabyte.

Over the last two observations, the price per unit is forecast to significantly increase in all segments. Especially notable is the remarkably robust growth observed in the Cookers & Ovens segment as we approach the end of the forecast period. This value, reaching 97.4 U.S. dollars, stands out significantly compared to the average changes, which are estimated at 27.6167 U.S. dollars. Find further statistics on other topics such as a comparison of the price per unit in Ukraine and a comparison of the price per unit in Iran. The Statista Market Insights cover a broad range of additional markets.

Comparing the ten different segments for the year 2029, the segment 'Small Kitchen Appliances' is forecast to led the ranking with 1.55 U.S. dollars. Contrastingly, 'Electric Kettles' is estimated to rank last, with 0.08 U.S. dollars. Their difference, compared to Small Kitchen Appliances, lies at 1.47 U.S. dollars. Find further statistics on other topics such as a comparison of the volume in the United States and a comparison of the price per unit in Ukraine. The Statista Market Insights cover a broad range of additional markets.

As of February 2025, the average annual price of Brent crude oil stood at 77.36 U.S. dollars per barrel. This is some three U.S. dollars lower than the 2024 average. Brent is the world's leading price benchmark for Atlantic basin crude oils. Crude oil is one of the most closely observed commodity prices as it influences costs across all stages of the production process and consequently alters the price of consumer goods as well. What determines crude oil benchmarks? In the past decade, crude oil prices have been especially volatile. Their inherent inelasticity regarding short-term changes in demand and supply means that oil prices are erratic by nature. However, since the 2009 financial crisis, many commercial developments have greatly contributed to price volatility; such as economic growth by BRIC countries like China and India, and the advent of hydraulic fracturing and horizontal drilling in the U.S. The outbreak of the coronavirus pandemic and the Russia-Ukraine war are examples of geopolitical events dictating prices. Light crude oils - Brent and WTI Brent Crude is considered a classification of sweet light crude oil and acts as a benchmark price for oil around the world. It is considered a sweet light crude oil due to its low sulfur content and a low density and may be easily refined into gasoline. This oil originates in the North Sea and comprises several different oil blends, including Brent Blend and Ekofisk crude. Often, this crude oil is refined in Northwest Europe. Another sweet light oil often referenced alongside UK Brent is West Texas Intermediate (WTI). WTI oil prices amounted to 76.55 U.S. dollars per barrel in 2024.

The FAO Food Price Index (FFPI) averaged 124.9 points in January 2025, down 2.1 points from December 2024. The highest value for the index in the past 23 years was reached in March 2022. However, the rate of food price increases has been decreasing since.

Food prices worldwide The annual FAO Food Price Index (FFPI) by category shows that the price of vegetable oils grew by a particularly large margin. One of the factors that influenced the spike in oil prices worldwide during 2020 and 2021 were the supply-chain disruptions during the COVID-19 pandemic. Moreover, after the war in Ukraine, shipping costs and grain prices also had a noticeable impact on global food prices. Global food prices are calculated to have increased by 3.68 percent, due to changes in shipping costs and grain prices. The European Union (EU) has experienced a particularly high increase in the annual consumer prices for food and non-alcoholic beverages, as compared to other selected countries worldwide. Inflation in Europe

The inflation rate for food in the EU grew from 0.2 percent in May 2021 to 19.2 percent in March 2023, as compared to the same month in the previous year. In the following months, the food inflation started decreasing again, reaching 1.86 percent in April 2024. The overall inflation rate in the Euro area reached its peak in December 2022 at 9.2 percent. The rate has since fallen to 2.4 percent in December 2024. As measured by the Harmonized Index of Consumer Prices (HICP), inflation rates in Europe were highest in Turkey, North Macedonia, and Romania as of December 2024.

The price of Urals crude oil was recorded at 16.77 U.S. dollars per barrel below the benchmark Brent on September 20, 2023 (based on a rolling average of the past five days). The difference increased after a price cap on Russian oil was announced on December 2, 2022, and took effect on December 5, 2022, but it has been decreasing since end-March 2023. At the end of February 2022 and throughout March 2022, the discount rose significantly, reflecting the market reaction to the Russia-Ukraine war. In August 2023, the average price of Urals oil reached 74.5 U.S. dollars per barrel.

Russian oil price cap In December 2022, members of the G7, together with the European Union (EU) and Australia, limited the price of one barrel of Russian oil to 60 U.S. dollars in response to the war in Ukraine. The cap was planned to be reviewed every two months to reflect future market developments. The Russian government stated it would not supply oil to the countries imposing a price ceiling on its oil. While the effect of the ban on global oil prices is yet to be seen, it is expected that the ban would benefit other oil producing countries, as the EU would have to replace Russian supplies with other routes. Germany and Poland were the leading importers of Russian oil in the EU in 2021.

EU ban on Russian oil imports
The EU ban on Russian seaborne crude oil imports, announced in June 2022, took effect on December 5, 2022. Furthermore, refined petroleum products will be included from February 5, 2023. Even though the EU prohibited imports of Russian oil and refined products, it still allowed their transport to non-EU countries as long as they are purchased for 60 U.S. dollars per barrel or lower. As a result of the ban, Russia's oil production was forecast to decline to 438 million metric tons in 2022, down 10 percent from the previous year.

In December 2024, the average monthly price of the Urals crude oil, Russia's major export oil brand, was approximately 62 U.S. dollars per barrel, having increased slightly from the previous month. In 2020, the price of the Urals experienced a considerable decrease at the beginning of the year due to the coronavirus (COVID-19) pandemic, dropping to as low as 16.6 U.S. dollars per barrel in April. What is the purpose of the Russian oil price cap? In early December 2022, the G7 (Canada, France, Germany, Italy, Japan, United Kingdom (UK), and the United States), the European Union (EU), and Australia formed the Price Cap Coalition and imposed a price cap of 60 U.S. dollars per barrel on oil originating in Russia. The aim of the price ceiling is to decrease Russia’s earnings from oil exports and thereby limit the Russian government’s budget to finance the war in Ukraine. At the same time, the cap is meant to ensure that Russia continues to supply oil to emerging economies, though at a discounted price. With the cap in place, Russia cannot sell oil at a higher price even to third countries if the oil tankers are financed or insured by members of the Price Cap Coalition. In early February 2023, a price cap of 100 U.S. dollars per barrel was imposed on Russian refined oil products. Global dependence on Russian oil China was Russia’s leading crude oil export destination, with the value of exports measured at nearly 35.4 billion U.S. dollars in 2021. In physical terms, Russia supplied around 107 million metric tons of crude oil to China in 2023, being the leading crude oil import origin in the country ahead of Saudi Arabia. Furthermore, European countries were major consumers of Russian oil prior to the war in Ukraine. For instance, Russia accounted for over 78 percent of oil and petroleum products imported into Slovakia in 2020. To compare, the dependence rate stood at nearly 69 percent in Lithuania, 30 percent in Germany, and 12 percent in the UK.

The monthly price of wheat (hard red winter) in the United States reached an all time high in May 2022, at over 520 U.S. dollars per metric ton. The unprecedented price increase began in mid-2020, due to the impact of the Covid-19 pandemic, and was later exacerbated by the Russo-Ukrainian War in March 2022. Before the war, Russia and Ukraine were among the world's five largest wheat exporters, and around one third of all international wheat imports came from these two countries.

The increase of 96 dollars per ton between February and March 2022 was the single largest price hike in U.S. history, and was only the second time that prices had exceeded 400 dollars - the first time this happened was due to the financial crisis of 2008. In the five years before the Covid-19 pandemic, the price of wheat generally fluctuated between 150 and 230 dollars per ton.

In March 2024, the average monthly price of very low sulfur fuel oil (VLSFO) stood at 664.5 U.S. dollars per metric ton. The price of VLSFO is strongly influenced by external factors, such as the price of crude oil and market forces of supply and demand. In the past two years, two separate events have had a profound effect on the price of VLSFO: the International Maritime Organization (IMO) sulfur cap on fuel oil in 2020 and, more recently, the Russian invasion of Ukraine and the Israeli invasion of Gaza.

Effects of the 2020 IMO sulfur cap

In January 2020, a new limit on the sulfur content in fuel oil was introduced by the IMO. The goal of the cap was to reduce the concentration of sulfur in the air, thus reducing air pollution and preventing harm to marine ecosystems as well as protecting human health. Ship operators were forced to switch to VLSFO to comply with the new regulation, leading to a higher demand for VLSFO which in turn caused the price of VLSFO to increase to 649 U.S. dollars per metric ton in January 2020.

Shortly afterward, the world was hit with the outbreak of the COVID-19 pandemic. With production facilities shutting down worldwide, maritime transport considerably slowed, driving the price of VLSFO to a historic minimum of 251 U.S. dollars per metric ton in April 2020.

Escalating conflict in Ukraine could raise fuel prices

After the Russian invasion of Ukraine in February 2022, most of the West reacted by imposing sanctions on Russia to weaken its economy. Although vital for the Russian economy, the Russian oil industry remained untargeted by direct sanctions during the first days of the invasion. However, sanctions cutting off Russia’s access to international financial markets and the SWIFT payment system, as well as divestments of Western oil companies from the Russian oil industry, could severely impact the country’s oil sector.

In 2020, Russia was the third-largest producer of crude oil in the world, accounting for about 12 percent of the world’s crude oil production. Disruptions to the Russian oil industry could, therefore, have consequences for the supply of oil to the global market and drive prices up. Since crude oil is the main component of VLSFO, an increase in the price of crude oil will most likely lead to a rise in the price of VLSFO.

In January 2025, prices had increased by three percent compared to January 2024 according to the 12-month percentage change in the consumer price index — the monthly inflation rate for goods and services in the United States. The data represents U.S. city averages. In economics, the inflation rate is a measure of the change in price level over time. The rate of decrease in the purchasing power of money is approximately equal. A projection of the annual U.S. inflation rate can be accessed here and the actual annual inflation rate since 1990 can be accessed here. InflationOne of the most important economic indicators is the development of the Consumer Price Index in a country. The change in this price level of goods and services is defined as the rate of inflation. The inflationary situation in the United States had been relatively severe in 2022 due to global events relating to COVID-19, supply chain restrains, and the Russian invasion of Ukraine. More information on U.S. inflation may be found on our dedicated topic page. The annual inflation rate in the United States has increased from 3.2 percent in 2011 to 8.3 percent in 2022. This means that the purchasing power of the U.S. dollar has weakened in recent years. The purchasing power is the extent to which a person has available funds to make purchases. According to the data published by the International Monetary Fund, the U.S. Consumer Price Index (CPI) was about 258.84 in 2020 and is forecasted to grow up to 325.6 by 2027, compared to the base period from 1982 to 1984. The monthly percentage change in the Consumer Price Index (CPI) for urban consumers in the United States was 0.1 percent in March 2023 compared to the previous month. In 2022, countries all around the world are experienced high levels of inflation. Although Brazil already had an inflation rate of 8.3 percent in 2021, compared to the previous year, while the inflation rate in China stood at 0.85 percent.

Inflation is generally defined as the continued increase in the average prices of goods and services in a given region. Following the extremely high global inflation experienced in the 1980s and 1990s, global inflation has been relatively stable since the turn of the millennium, usually hovering between three and five percent per year. There was a sharp increase in 2008 due to the global financial crisis now known as the Great Recession, but inflation was fairly stable throughout the 2010s, before the current inflation crisis began in 2021. Recent years Despite the economic impact of the coronavirus pandemic, the global inflation rate fell to 3.26 percent in the pandemic's first year, before rising to 4.66 percent in 2021. This increase came as the impact of supply chain delays began to take more of an effect on consumer prices, before the Russia-Ukraine war exacerbated this further. A series of compounding issues such as rising energy and food prices, fiscal instability in the wake of the pandemic, and consumer insecurity have created a new global recession, and global inflation in 2024 is estimated to have reached 5.76 percent. This is the highest annual increase in inflation since 1996. Venezuela Venezuela is the country with the highest individual inflation rate in the world, forecast at around 200 percent in 2022. While this is figure is over 100 times larger than the global average in most years, it actually marks a decrease in Venezuela's inflation rate, which had peaked at over 65,000 percent in 2018. Between 2016 and 2021, Venezuela experienced hyperinflation due to the government's excessive spending and printing of money in an attempt to curve its already-high inflation rate, and the wave of migrants that left the country resulted in one of the largest refugee crises in recent years. In addition to its economic problems, political instability and foreign sanctions pose further long-term problems for Venezuela. While hyperinflation may be coming to an end, it remains to be seen how much of an impact this will have on the economy, how living standards will change, and how many refugees may return in the coming years.

The rising inflation worldwide in 2022 and 2023 is reflected in the increasing prices of the different commodity groups in the G7 countries. Most notably, the price of electricity, gas, and other fuels was high in the third quarter of 2024 in Japan, with price increases reaching 15 percent compared to the same period in 2023. On the other hand, gas and electricity inflation was negative in Germany, Italy, and the UK following extremely high rates in 2022 and the first half of 2023. Inflation rates increased sharply all around the world through 2022 and the beginning of 2023, spurred by Russia's invasion of Ukraine in February that year. Economic challenges in Japan As food and restaurant costs have risen in Japan in comparison to the rest of the G7 nations, overall, Japan is facing a period of economic slowdown. Over time, the value of the Japanese yen has dropped. Moreover, the Japanese GDP has also dropped, going from around five trillion U.S. dollars in 2021 to 4.1 trillion U.S. dollars by 2024. However, it is predicted to begin increasing by 2025. Falling electricity costs Due to the COVID-19 pandemic and the energy crisis driven by the February 2022 invasion of Russia into Ukraine, electricity prices increased worldwide through 2021, 2022, and 2023. As of 2024, inflation of electricity costs is decreasing across the G7, more than other commodity groups. This rise and fall can be seen throughout Europe as well as within the United States, after peaking in 2022.