Benelux: Safflower Seed Market 2025

Safflower Seed Market Size in Benelux

The Benelux safflower seed market skyrocketed to $X in 2022, increasing by 18% against the previous year. Over the period under review, consumption posted a buoyant increase. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in the near future.

Safflower Seed Production in Benelux

In value terms, safflower seed production soared to $X in 2022 estimated in export price. In general, production recorded a buoyant expansion. Over the period under review, production reached the maximum level 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 the Netherlands (X tons), comprising approx. 100% of total volume.

In the Netherlands, safflower seed production increased at an average annual rate of +11.5% over the period from 2012-2022.

Safflower Seed Exports

Exports in Benelux

In 2022, overseas shipments of safflower seed decreased by -32.9% to X tons, falling for the second consecutive year after two years of growth. In general, exports, however, continue to indicate a tangible expansion. The growth pace was the most rapid in 2013 when exports increased by 252%. Over the period under review, the exports attained the maximum at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, safflower seed exports reduced remarkably to $X in 2022. Over the period under review, exports, however, posted strong growth. The pace of growth appeared the most rapid in 2013 when exports increased by 264% against the previous year. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

The Netherlands prevails in exports structure, reaching X tons, which was near 95% of total exports in 2022. It was distantly followed by Belgium (X tons), mixing up a 5.2% share of total exports.

The Netherlands was also the fastest-growing in terms of the safflower seed exports, with a CAGR of +6.3% from 2012 to 2022. Belgium (-8.6%) illustrated a downward trend over the same period. The Netherlands (+15 p.p.) significantly strengthened its position in terms of the total exports, while Belgium saw its share reduced by -14.8% from 2012 to 2022, respectively.

In value terms, the Netherlands ($X) remains the largest safflower seed supplier in Benelux, comprising 94% of total exports. The second position in the ranking was taken by Belgium ($X), with a 5.7% share of total exports.

In the Netherlands, safflower seed exports increased at an average annual rate of +10.3% over the period from 2012-2022.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2022, which is down by -8.3% against the previous year. Export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +3.7% 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 -26.8% against 2019 indices. The most prominent rate of growth was recorded in 2018 an increase of 57% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the Netherlands totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+3.9%).

Safflower Seed Imports

Imports in Benelux

In 2022, overseas purchases of safflower seed decreased by -16.7% to X tons, falling for the third year in a row after eight years of growth. Over the period under review, imports, however, saw a prominent expansion. The pace of growth appeared the most rapid in 2013 when imports increased by 55%. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, safflower seed imports stood at $X in 2022. In general, imports, however, saw prominent growth. The pace of growth appeared the most rapid in 2013 with an increase of 58% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the near future.

Imports by Country

Belgium represented the largest importer of safflower seed in Benelux, with the volume of imports recording X tons, which was approx. 70% of total imports in 2022. It was distantly followed by the Netherlands (X tons), mixing up a 30% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to safflower seed imports into Belgium stood at +8.3%. At the same time, the Netherlands (+14.2%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer imported in Benelux, with a CAGR of +14.2% from 2012-2022. The Netherlands (+9.8 p.p.) significantly strengthened its position in terms of the total imports, while Belgium saw its share reduced by -9.6% from 2012 to 2022, respectively.

In value terms, Belgium ($X) constitutes the largest market for imported safflower seed in Benelux, comprising 77% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 22% share of total imports.

In Belgium, safflower seed imports increased at an average annual rate of +10.6% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per ton, increasing by 21% against the previous year. Import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.1% 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 +60.2% against 2018 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while the Netherlands totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+2.1%).

Source: IndexBox Platform