Report Update Feb 1, 2025

Argentina - Safflower Seed - Market Analysis, Forecast, Size, Trends and Insights

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Argentina: Safflower Seed Market 2025

Safflower Seed Market Size in Argentina

The Argentinian safflower seed market was finally on the rise to reach $X in 2022, after three years of decline. In general, consumption, however, recorded a abrupt shrinkage. Safflower seed consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Safflower Seed Production in Argentina

In value terms, safflower seed production reduced modestly to $X in 2022 estimated in export price. Overall, production, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2014 when the production volume increased by 52% against the previous year. Safflower seed production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

The average yield of safflower seed in Argentina reduced to X kg per ha in 2022, waning by -14.3% against the previous year. In general, the yield, however, posted a noticeable increase. The pace of growth was the most pronounced in 2018 with an increase of 161% against the previous year. Over the period under review, the average safflower seed yield hit record highs at X ton per ha in 2021, and then shrank in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the safflower seed harvested area in Argentina skyrocketed to X ha, increasing by 178% compared with 2021 figures. In general, the harvested area, however, faced a abrupt curtailment. Over the period under review, the harvested area dedicated to safflower seed production reached the peak figure at X ha in 2013; however, from 2014 to 2022, the harvested area failed to regain momentum.

Safflower Seed Exports

Exports from Argentina

In 2022, overseas shipments of safflower seed decreased by -21.9% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, recorded strong growth. The most prominent rate of growth was recorded in 2016 with an increase of 935% against the previous year. The exports peaked at X tons in 2021, and then contracted dramatically in the following year.

In value terms, safflower seed exports dropped dramatically to $X in 2022. Overall, exports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 292%. The exports peaked at $X in 2021, and then contracted remarkably in the following year.

Exports by Country

The United States (X tons) and the Philippines (X tons) were the main destinations of safflower seed exports from Argentina.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of +60.8%).

In value terms, the United States ($X) emerged as the key foreign market for safflower seed exports from Argentina, comprising 48% of total exports. The second position in the ranking was held by the Philippines ($X), with a 19% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +25.1%.

Export Prices by Country

In 2022, the average safflower seed export price amounted to $X per ton, dropping by -14.5% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 98% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the Philippines totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+1.4%).

Safflower Seed Imports

Imports into Argentina

In 2022, supplies from abroad of safflower seed decreased by -92.2% to X kg, falling for the second year in a row after three years of growth. Over the period under review, imports showed a precipitous shrinkage. The growth pace was the most rapid in 2018 with an increase of 707%. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, safflower seed imports fell notably to $X in 2022. In general, imports continue to indicate a dramatic decline. The most prominent rate of growth was recorded in 2018 when imports increased by 1,081% against the previous year. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United States (X kg) was the main safflower seed supplier to Argentina, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from the United States totaled -32.6%.

In value terms, the United States ($X) constituted the largest supplier of safflower seed to Argentina.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled -26.9%.

Import Prices by Country

In 2022, the average safflower seed import price amounted to $X per ton, picking up by 8.3% against the previous year. Over the period under review, the import price continues to indicate a strong increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by 87% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +8.4% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for safflower seed in the world?

Kazakhstan constituted the country with the largest volume of safflower seed consumption, comprising approx. 27% of total volume. Moreover, safflower seed consumption in Kazakhstan exceeded the figures recorded by the second-largest consumer, Mexico, twofold. The third position in this ranking was occupied by China, with a 13% share.

What are the largest producers of safflower seed in the world?

Kazakhstan remains the largest safflower seed producing country worldwide, comprising approx. 34% of total volume. Moreover, safflower seed production in Kazakhstan exceeded the figures recorded by the second-largest producer, Russia, twofold. Mexico ranked third in terms of total production with a 13% share.

What are the leading suppliers of safflower seed to Argentina?

In value terms, the U.S. constituted the largest supplier of safflower seed to Argentina.

What are the leading importers of safflower seed from Argentina?

In value terms, Vietnam emerged as the key foreign market for safflower seed exports from Argentina, comprising 11% of total exports. The second position in the ranking was occupied by the United Arab Emirates, with a 3.1% share of total exports.

What is the average export price for safflower seed in Argentina?

The average safflower seed export price stood at $556 per ton in 2020, approximately mirroring the previous year.

What is the average import price for safflower seed in Argentina?

The average safflower seed import price stood at $3,268 per ton in 2020, remaining stable against the previous year.

This report provides an in-depth analysis of the safflower seed market in Argentina. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 280 -

Country coverage:

Argentina

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Argentina
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2024
23. Production, In Value Terms, 2012–2024
24. Area Harvested, 2012–2024
25. Yield, 2012–2024
26. Imports, In Physical Terms, 2012–2024
27. Imports, In Value Terms, 2012–2024
28. Imports, In Physical Terms, By Country, 2024
29. Imports, In Physical Terms, By Country, 2012–2024
30. Imports, In Value Terms, By Country, 2012–2024
31. Import Prices, By Country Of Origin, 2012–2024
32. Exports, In Physical Terms, 2012–2024
33. Exports, In Value Terms, 2012–2024
34. Exports, In Physical Terms, By Country, 2024
35. Exports, In Physical Terms, By Country, 2012–2024
36. Exports, In Value Terms, By Country, 2012–2024
37. Export Prices, By Country Of Destination, 2012–2024