Asia-Pacific: Safflower Seed Market 2025

Safflower Seed Market Size in Asia-Pacific

In 2022, the Asia-Pacific safflower seed market increased by 25% to $X, rising for the third year in a row after two years of decline. Overall, consumption, however, showed a perceptible descent. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Safflower Seed Production in Asia-Pacific

In value terms, safflower seed production reduced to $X in 2022 estimated in export price. Overall, production, however, recorded a abrupt decline. The pace of growth appeared the most rapid in 2017 with an increase of 120% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were India (X tons), China (X tons) and Australia (X tons), together accounting for 100% of total production.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by China (with a CAGR of +0.4%), while production for the other leaders experienced a decline in the production figures.

The average safflower seed yield totaled X kg per ha in 2022, flattening at the year before. The yield indicated a mild increase from 2012 to 2022: its figure increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, safflower seed yield decreased by -1.3% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of 45% against the previous year. Over the period under review, the safflower seed yield hit record highs at X kg per ha in 2020; however, from 2021 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of safflower seed production in Asia-Pacific expanded slightly to X ha, with an increase of 3.4% on the previous year. Over the period under review, the harvested area, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2014 with an increase of 14%. Over the period under review, the harvested area dedicated to safflower seed production reached the peak figure at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

Safflower Seed Exports

Exports in Asia-Pacific

Safflower seed exports reduced sharply to X tons in 2022, which is down by -50.6% compared with the year before. Overall, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 72% against the previous year. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, safflower seed exports declined remarkably to $X in 2022. Over the period under review, exports saw a noticeable descent. The most prominent rate of growth was recorded in 2013 with an increase of 87%. The level of export peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

India dominates exports structure, finishing at X tons, which was approx. 93% of total exports in 2022. It was distantly followed by China (X tons), making up a 4.6% share of total exports. Afghanistan (X tons) followed a long way behind the leaders.

Exports from India decreased at an average annual rate of -11.3% from 2012 to 2022. At the same time, Afghanistan (+58.1%) displayed positive paces of growth. Moreover, Afghanistan emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +58.1% from 2012-2022. By contrast, China (-24.5%) illustrated a downward trend over the same period. While the share of India (+93 p.p.) and Afghanistan (+1.6 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of China (-31.4 p.p.) displayed negative dynamics.

In value terms, India ($X) remains the largest safflower seed supplier in Asia-Pacific, comprising 89% of total exports. The second position in the ranking was held by China ($X), with a 7.4% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in India totaled -10.2%. In the other countries, the average annual rates were as follows: China (-19.9% per year) and Afghanistan (+44.9% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, rising by 19% against the previous year. Export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, safflower seed export price decreased by -2.6% against 2019 indices. The pace of growth appeared the most rapid in 2019 when the export price increased by 46% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per ton), while Afghanistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.1%), while the other leaders experienced mixed trends in the export price figures.

Safflower Seed Imports

Imports in Asia-Pacific

In 2022, the amount of safflower seed imported in Asia-Pacific surged to X tons, rising by 55% compared with the previous year's figure. Overall, imports showed a significant increase. The growth pace was the most rapid in 2013 with an increase of 175%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, safflower seed imports surged to $X in 2022. Over the period under review, imports saw a significant expansion. The pace of growth appeared the most rapid in 2013 when imports increased by 87%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

China dominates imports structure, amounting to X tons, which was near 85% of total imports in 2022. It was distantly followed by the Philippines (X tons), making up a 7.7% share of total imports. Taiwan (Chinese) (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the safflower seed imports, with a CAGR of +23.1% from 2012 to 2022. At the same time, the Philippines (+12.3%) and Taiwan (Chinese) (+3.7%) displayed positive paces of growth. China (+85 p.p.) significantly strengthened its position in terms of the total imports, while the Philippines and Taiwan (Chinese) saw its share reduced by -29% and -34.5% from 2012 to 2022, respectively.

In value terms, China ($X) constitutes the largest market for imported safflower seed in Asia-Pacific, comprising 80% of total imports. The second position in the ranking was taken by the Philippines ($X), with an 11% share of total imports.

In China, safflower seed imports expanded at an average annual rate of +28.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the Philippines (+13.1% per year) and Taiwan (Chinese) (+3.4% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, approximately mirroring the previous year. In general, the import price showed a pronounced setback. The most prominent rate of growth was recorded in 2021 when the import price increased by 36% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Philippines ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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