Belgium: Safflower Seed Market 2025

Safflower Seed Market Size in Belgium

For the seventh consecutive year, the Belgian safflower seed market recorded growth in sales value, which increased by 5.4% to $X in 2022. Overall, consumption, however, continues to indicate a resilient expansion. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Safflower Seed Exports

Exports from Belgium

Safflower seed exports from Belgium dropped notably to X tons in 2022, reducing by -56.8% against 2021. Over the period under review, exports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2013 when exports increased by 116%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, safflower seed exports contracted sharply to $X in 2022. In general, exports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2013 when exports increased by 103%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for safflower seed exports from Belgium, with a 44% share of total exports. Moreover, safflower seed exports to the Netherlands exceeded the volume sent to the second major destination, Germany (X tons), fivefold. The third position in this ranking was held by Kuwait (X tons), with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands stood at -5.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-12.1% per year) and Kuwait (+71.4% per year).

In value terms, the largest markets for safflower seed exported from Belgium were the Netherlands ($X), Luxembourg ($X) and Kuwait ($X), with a combined 64% share of total exports.

Among the main countries of destination, Luxembourg, with a CAGR of +116.0%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average safflower seed export price stood at $X per ton in 2022, surging by 48% against the previous year. Overall, export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +3.9% 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 increased by +78.4% against 2019 indices. The most prominent rate of growth was recorded in 2015 an increase of 57%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Luxembourg ($X per ton), while the average price for exports to Portugal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Luxembourg (+22.5%), while the prices for the other major destinations experienced more modest paces of growth.

Safflower Seed Imports

Imports into Belgium

After two years of growth, purchases abroad of safflower seed decreased by -6.3% to X tons in 2022. Over the period under review, total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +8.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +31.5% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 55% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then fell in the following year.

In value terms, safflower seed imports amounted to $X in 2022. Overall, imports, however, recorded strong growth. The pace of growth was the most pronounced in 2013 with an increase of 59%. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

Russia (X tons), the Netherlands (X tons) and Germany (X tons) were the main suppliers of safflower seed imports to Belgium, with a combined 94% share of total imports. These countries were followed by France, which accounted for a further 5.2%.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +100.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Russia ($X) and Germany ($X) appeared to be the largest safflower seed suppliers to Belgium, together accounting for 94% of total imports. France lagged somewhat behind, accounting for a further 5.3%.

France, with a CAGR of +85.5%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average safflower seed import price stood at $X per ton in 2022, growing by 11% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2019 when the average import price increased by 20%. The import price peaked in 2022 and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :