Australia and Oceania: Safflower Seed Market 2025

Safflower Seed Market Size in Australia and Oceania

The safflower seed market in Australia and Oceania expanded notably to $X in 2022, with an increase of 6.3% against the previous year. Over the period under review, consumption recorded a resilient expansion. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Safflower Seed Production in Australia and Oceania

In value terms, safflower seed production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a resilient increase. The pace of growth was the most pronounced in 2019 when the production volume increased by 126%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

The country with the largest volume of safflower seed production was Australia (X tons), comprising approx. 99.9% of total volume.

In Australia, safflower seed production declined by an average annual rate of -2.8% over the period from 2012-2022.

The average safflower seed yield reached X kg per ha in 2022, standing approx. at the previous year. The yield figure increased at an average annual rate of +1.4% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 14% against the previous year. The level of yield peaked at X kg per ha in 2015; however, from 2016 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, approx. X ha of safflower seed were harvested in Australia and Oceania; remaining relatively unchanged against the previous year. In general, the harvested area recorded a noticeable contraction. The pace of growth appeared the most rapid in 2016 when the harvested area increased by 11% against the previous year. Over the period under review, the harvested area dedicated to safflower seed production attained the maximum at X ha in 2012; however, from 2013 to 2022, the harvested area remained at a lower figure.

Safflower Seed Exports

Exports in Australia and Oceania

In 2022, shipments abroad of safflower seed decreased by -92.2% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports faced a precipitous slump. The pace of growth appeared the most rapid in 2016 when exports increased by 298% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, safflower seed exports dropped sharply to $X in 2022. Overall, exports saw a precipitous setback. The most prominent rate of growth was recorded in 2016 with an increase of 300%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Australia (X tons) represented roughly 100% of total exports in 2022.

Australia was also the fastest-growing in terms of the safflower seed exports, with a CAGR of -50.3% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) also remains the largest safflower seed supplier in Australia and Oceania.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia totaled -40.1%.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, picking up by 252% against the previous year. Over the period under review, the export price recorded a significant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Australia.

From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to +20.6% per year.

Safflower Seed Imports

Imports in Australia and Oceania

In 2022, purchases abroad of safflower seed was finally on the rise to reach X tons after two years of decline. Overall, imports, however, recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2016 when imports increased by 104% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, safflower seed imports surged to $X in 2022. In general, imports, however, continue to indicate a slight downturn. The pace of growth was the most pronounced in 2016 with an increase of 111% against the previous year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

The countries with the highest levels of safflower seed imports in 2022 were New Zealand (X tons), together accounting for 99% of total import.

New Zealand was also the fastest-growing in terms of the safflower seed imports, with a CAGR of -1.8% from 2012 to 2022. While the share of New Zealand (+9.4 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, New Zealand ($X) constitutes the largest market for imported safflower seed in Australia and Oceania.

In New Zealand, safflower seed imports shrank by an average annual rate of -1.2% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, rising by 14% against the previous year. Import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, safflower seed import price increased by +42.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the import price increased by 25%. Over the period under review, import prices reached the maximum in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the rate of growth in terms of prices for New Zealand amounted to +0.6% per year.

Source: IndexBox Platform

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