China: Safflower Seed Market 2025

Safflower Seed Market Size in China

In 2022, the Chinese safflower seed market increased by 34% to $X, rising for the fourth year in a row after two years of decline. In general, consumption saw a resilient expansion. Safflower seed consumption peaked in 2022 and is likely to continue growth in the immediate term.

Safflower Seed Production in China

In value terms, safflower seed production shrank sharply to $X in 2022 estimated in export price. Overall, production, however, posted a perceptible expansion. The most prominent rate of growth was recorded in 2017 with an increase of 180% against the previous year. Safflower seed production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

The average yield of safflower seed in China reduced modestly to X tons per ha in 2022, standing approx. at the year before. Overall, the yield, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 1.2% against the previous year. The safflower seed yield peaked at X tons per ha in 2021, and then contracted modestly 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 harvested area of safflower seed in China fell modestly to X ha, approximately equating the year before. In general, the harvested area, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 2.6% against the previous year. Over the period under review, the harvested area dedicated to safflower seed production attained the maximum at X ha in 2017; however, from 2018 to 2022, the harvested area failed to regain momentum.

Safflower Seed Exports

Exports from China

In 2022, overseas shipments of safflower seed were finally on the rise to reach X tons after two years of decline. Overall, exports, however, recorded a precipitous decrease. The growth pace was the most rapid in 2019 when exports increased by 2,198% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, safflower seed exports soared to $X in 2022. Over the period under review, exports, however, recorded a deep slump. The pace of growth appeared the most rapid in 2019 with an increase of 3,701% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Thailand (X tons), the United States (X tons) and South Korea (X tons) were the main destinations of safflower seed exports from China, together comprising 89% of total exports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +165.3%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X) emerged as the key foreign market for safflower seed exports from China, comprising 60% of total exports. The second position in the ranking was held by Thailand ($X), with a 23% share of total exports. It was followed by South Korea, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +173.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+9.8% per year) and South Korea (-1.9% per year).

Export Prices by Country

In 2022, the average safflower seed export price amounted to $X per ton, picking up by 30% against the previous year. Overall, the export price enjoyed resilient growth. The growth pace was the most rapid in 2019 an increase of 65%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average 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 ($X per ton), while the average price for exports to Japan ($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 the United Arab Emirates (+28.4%), while the prices for the other major destinations experienced more modest paces of growth.

Safflower Seed Imports

Imports into China

For the fourth year in a row, China recorded growth in purchases abroad of safflower seed, which increased by 67% to X tons in 2022. Overall, imports enjoyed a significant increase. The pace of growth appeared the most rapid in 2017 when imports increased by 101% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, safflower seed imports skyrocketed to $X in 2022. Over the period under review, imports saw a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 105% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Kazakhstan (X tons) was the main safflower seed supplier to China, accounting for a approx. 100% share of total imports.

From 2013 to 2022, the average annual rate of growth in terms of volume from Kazakhstan stood at +23.7%.

In value terms, Kazakhstan ($X) constituted the largest supplier of safflower seed to China.

From 2013 to 2022, the average annual rate of growth in terms of value from Kazakhstan stood at +29.1%.

Import Prices by Country

The average safflower seed import price stood at $X per ton in 2022, almost unchanged from the previous year. Over the period under review, import price indicated a temperate increase from 2013 to 2022: its price increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, safflower seed import price increased by +68.0% against 2017 indices. The pace of growth appeared the most rapid in 2016 when the average import price increased by 46% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a lower figure.

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

From 2013 to 2022, the rate of growth in terms of prices for India amounted to +10.2% per year.

Source: IndexBox Platform

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