Report Update Nov 1, 2024

World - Safflower Seed - Market Analysis, Forecast, Size, Trends and Insights

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Global Safflower Seed Market 2024

Safflower Seed Market Size

In 2022, the global safflower seed market increased by 14% to $X, rising for the third consecutive year after three years of decline. In general, consumption, however, showed a relatively flat trend pattern. Over the period under review, the global market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Safflower Seed Production

In value terms, safflower seed production reached $X in 2022 estimated in export price. Over the period under review, production, however, recorded a slight curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 15% against the previous year. Global production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

The countries with the highest volumes of production in 2022 were Kazakhstan (X tons), Russia (X tons) and Mexico (X tons), together comprising 63% of global production.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of +33.2%), while production for the other global leaders experienced more modest paces of growth.

In 2022, the global average yield of safflower seed expanded remarkably to X kg per ha, picking up by 7% against the previous year's figure. In general, the yield, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the yield increased by 17% against the previous year. Over the period under review, the average safflower seed yield hit record highs at X tons per ha in 2018; however, from 2019 to 2022, the yield remained at a 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, the global safflower seed harvested area contracted to X ha, which is down by -4.2% against the previous year. Overall, the harvested area, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 21% against the previous year. Over the period under review, the harvested area dedicated to safflower seed production attained the peak figure at X ha in 2015; however, from 2016 to 2022, the harvested area failed to regain momentum.

Safflower Seed Exports

Exports

In 2022, shipments abroad of safflower seed increased by 6.5% to X tons, rising for the third year in a row after three years of decline. In general, exports saw significant growth. The pace of growth was the most pronounced in 2013 with an increase of 147% against the previous year. Over the period under review, the global exports reached the maximum at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, safflower seed exports contracted to $X in 2022. Overall, exports continue to indicate a resilient increase. The pace of growth was the most pronounced in 2013 with an increase of 119%. Over the period under review, the global exports attained the peak figure at $X in 2021, and then shrank in the following year.

Exports by Country

Kazakhstan (X tons) and Russia (X tons) dominates exports structure, together achieving 86% of total exports. It was distantly followed by Turkey (X tons), achieving a 4.5% share of total exports. The Netherlands (X tons) held a minor share of total exports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +43.6%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, Russia ($X), Kazakhstan ($X) and the Netherlands ($X) were the countries with the highest levels of exports in 2022, with a combined 79% share of global exports. Turkey lagged somewhat behind, accounting for a further 4.7%.

Turkey, with a CAGR of +38.7%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average safflower seed export price stood at $X per ton in 2022, falling by -14.8% against the previous year. Overall, the export price showed a noticeable downturn. The pace of growth was the most pronounced in 2019 when the average export price increased by 36%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Kazakhstan ($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 (+3.8%), while the other global leaders experienced mixed trends in the export price figures.

Safflower Seed Imports

Imports

In 2022, overseas purchases of safflower seed increased by 49% to X tons, rising for the third year in a row after three years of decline. Overall, imports showed a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 142%. Over the period under review, global imports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, safflower seed imports surged to $X in 2022. Over the period under review, imports saw a significant expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 129%. Global imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Turkey (X tons) and China (X tons) represented roughly 61% of total imports in 2022. It was distantly followed by the United States (X tons), constituting a 6% share of total imports. Belgium (X tons), Uzbekistan (X tons), Kazakhstan (X tons), Iraq (X tons), Poland (X tons), the Philippines (X tons) and the Netherlands (X tons) took a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Kazakhstan (with a CAGR of +45.3%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, Turkey ($X), China ($X) and the United States ($X) constituted the countries with the highest levels of imports in 2022, together accounting for 64% of global imports. Belgium, the Philippines, Poland, Iraq, Kazakhstan, the Netherlands and Uzbekistan lagged somewhat behind, together accounting for a further 22%.

Among the main importing countries, Kazakhstan, with a CAGR of +53.9%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average safflower seed import price amounted to $X per ton, increasing by 2.3% against the previous year. Over the period under review, the import price, however, saw a slight decline. The pace of growth was the most pronounced in 2019 when the average import price increased by 32% against the previous year. Global import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+13.7%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for safflower seed in the world?

The country with the largest volume of safflower seed consumption was Kazakhstan, comprising approx. 27% of total volume. Moreover, safflower seed consumption in Kazakhstan exceeded the figures recorded by the second-largest consumer, Mexico, twofold. The third position in this ranking was occupied by China, with a 13% share.

What are the largest producers of safflower seed in the world?

The country with the largest volume of safflower seed production was Kazakhstan, comprising approx. 34% of total volume. Moreover, safflower seed production in Kazakhstan exceeded the figures recorded by the second-largest producer, Russia, twofold. Mexico ranked third in terms of total production with a 13% share.

What are the leading suppliers of safflower seed in the world?

In value terms, Russia, Kazakhstan and the Netherlands appeared to be the countries with the highest levels of exports in 2020, with a combined 77% share of global exports. Turkey, the U.S., Germany and India lagged somewhat behind, together comprising a further 14%.

What are the leading importers of safflower seed in the world?

In value terms, the largest safflower seed importing markets worldwide were China, Turkey and Belgium, together comprising 56% of global imports. These countries were followed by Iraq, the Netherlands, Germany, Poland, the Philippines, Taiwan Chinese) and Iran, which together accounted for a further 26%.

What is the average export price for safflower seed in the world?

The average safflower seed export price stood at $452 per ton in 2020, growing by 9.5% against the previous year.

What is the average import price for safflower seed in the world?

The average safflower seed import price stood at $413 per ton in 2020, surging by 3.8% against the previous year.

This report provides an in-depth analysis of the global safflower seed market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 280 -

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

Global market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Global production, split by region and country
Global trade (exports and imports)
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
3. HARVESTED AREA AND YIELD BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Harvested Area, By Country, 2012-2023
7. Yield, By Country, 2012-2023
8. Imports, In Physical Terms, By Country, 2012–2023
9. Imports, In Value Terms, By Country, 2012–2023
10. Import Prices, By Country Of Destination, 2012–2023
11. Exports, In Physical Terms, By Country, 2012–2023
12. Exports, In Value Terms, By Country, 2012–2023
13. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Yield And Growth
12. Exports And Growth
13. Export Prices And Growth
14. Market Size And Growth
15. Per Capita Consumption
16. Imports And Growth
17. Import Prices
18. Production, In Physical Terms, 2012–2023
19. Production, In Value Terms, 2012–2023
20. Area Harvested, 2012–2023
21. Yield, 2012–2023
22. Production, By Country, 2023
23. Production, In Physical Terms, By Country, 2012–2023
24. Harvested Area, By Country, 2023
25. Harvested Area, By Country, 2012-2023
26. Yield, By Country, 2012-2023
27. Imports, In Physical Terms, 2012–2023
28. Imports, In Value Terms, 2012–2023
29. Imports, In Physical Terms, By Country, 2023
30. Imports, In Physical Terms, By Country, 2012–2023
31. Imports, In Value Terms, By Country, 2012–2023
32. Import Prices, By Country, 2012–2023
33. Exports, In Physical Terms, 2012–2023
34. Exports, In Value Terms, 2012–2023
35. Exports, In Physical Terms, By Country, 2023
36. Exports, In Physical Terms, By Country, 2012–2023
37. Exports, In Value Terms, By Country, 2012–2023
38. Export Prices, 2012–2023