EU: Safflower Seed Market 2025

Safflower Seed Market Size in the EU

The EU safflower seed market expanded significantly to $X in 2022, growing by 10% against the previous year. The total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +11.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +8.1% against 2019 indices. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in years to come.

Safflower Seed Production in the EU

In value terms, safflower seed production surged to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 105% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

The countries with the highest volumes of production in 2022 were Spain (X tons) and the Netherlands (X tons).

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by Spain (with a CAGR of +14.3%).

In 2022, the average safflower seed yield in the European Union surged to X tons per ha, growing by 17% compared with the previous year's figure. Over the period under review, the yield, however, faced a abrupt descent. The growth pace was the most rapid in 2020 with an increase of 106% against the previous year. Over the period under review, the safflower seed yield reached the maximum level at X tons per ha in 2012; however, from 2013 to 2022, the yield failed to regain momentum. 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 the European Union; picking up by 3.7% compared with the previous year. Overall, the harvested area saw a prominent increase. The most prominent rate of growth was recorded in 2016 with an increase of 47% against the previous year. Over the period under review, the harvested area dedicated to safflower seed production attained the maximum at X ha in 2020; however, from 2021 to 2022, the harvested area failed to regain momentum.

Safflower Seed Exports

Exports in the EU

In 2022, overseas shipments of safflower seed decreased by -29% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, recorded a mild increase. The pace of growth was the most pronounced in 2020 with an increase of 119%. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, safflower seed exports dropped significantly to $X in 2022. In general, exports, however, enjoyed measured growth. The most prominent rate of growth was recorded in 2020 with an increase of 100% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

In 2022, the Netherlands (X tons), distantly followed by Bulgaria (X tons), Spain (X tons), Poland (X tons), Germany (X tons) and France (X tons) represented the key exporters of safflower seed, together creating 91% of total exports. The Czech Republic (X tons) took a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +86.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) remains the largest safflower seed supplier in the European Union, comprising 40% of total exports. The second position in the ranking was taken by Bulgaria ($X), with a 19% share of total exports. It was followed by Spain, with a 16% share.

In the Netherlands, safflower seed exports increased at an average annual rate of +10.3% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Bulgaria (+35.8% per year) and Spain (+32.7% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, rising by 8.4% against the previous year. Export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when the export price increased by 43%. Over the period under review, the export prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per ton), while Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+4.3%), while the other leaders experienced more modest paces of growth.

Safflower Seed Imports

Imports in the EU

For the third consecutive year, the European Union recorded decline in purchases abroad of safflower seed, which decreased by -9.7% to X tons in 2022. Over the period under review, imports, however, enjoyed a resilient expansion. The pace of growth was the most pronounced in 2013 with an increase of 125%. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, safflower seed imports totaled $X in 2022. Total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +12.2% 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 +44.0% against 2018 indices. The most prominent rate of growth was recorded in 2013 with an increase of 152% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Belgium (X tons), distantly followed by Poland (X tons), the Netherlands (X tons), Germany (X tons), Bulgaria (X tons) and the Czech Republic (X tons) were the major importers of safflower seed, together generating 85% of total imports. Portugal (X tons) took a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Bulgaria (with a CAGR of +38.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X) constitutes the largest market for imported safflower seed in the European Union, comprising 38% of total imports. The second position in the ranking was held by Poland ($X), with a 15% share of total imports. It was followed by the Netherlands, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Belgium totaled +10.6%. The remaining importing countries recorded the following average annual rates of imports growth: Poland (+14.0% per year) and the Netherlands (+12.6% per year).

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, rising by 12% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the import price increased by 17% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Belgium ($X per ton), while Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+2.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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