India: Safflower Seed Market 2025

Safflower Seed Market Size in India

The Indian safflower seed market surged to $X in 2022, rising by 19% against the previous year. Over the period under review, consumption, however, continues to indicate a abrupt setback. Safflower seed consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Safflower Seed Production in India

In value terms, safflower seed production totaled $X in 2022 estimated in export price. Over the period under review, production, however, faced a deep contraction. The most prominent rate of growth was recorded in 2017 with an increase of 101% against the previous year. Safflower seed production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

The average yield of safflower seed in India rose slightly to X kg per ha in 2022, increasing by 4.7% against the previous year's figure. In general, the yield, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 77% against the previous year. Over the period under review, the average safflower seed yield reached the maximum level at X kg per ha in 2020; however, from 2021 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 harvested area of safflower seed in India was estimated at X ha, increasing by 5.7% against the previous year's figure. In general, the harvested area, however, recorded a abrupt decrease. The pace of growth was the most pronounced in 2014 with an increase of 18%. The safflower seed harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area remained at a lower figure.

Safflower Seed Exports

Exports from India

Safflower seed exports from India reduced notably to X tons in 2022, which is down by -52.7% against 2021 figures. In general, exports faced a deep contraction. The pace of growth was the most pronounced in 2021 with an increase of 97% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, safflower seed exports shrank dramatically to $X in 2022. Over the period under review, exports saw a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 118% against the previous year. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

The Philippines (X tons) was the main destination for safflower seed exports from India, with a 45% share of total exports. Moreover, safflower seed exports to the Philippines exceeded the volume sent to the second major destination, Japan (X tons), threefold. South Korea (X tons) ranked third in terms of total exports with a 15% share.

From 2013 to 2022, the average annual growth rate of volume to the Philippines amounted to +3.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+3.2% per year) and South Korea (+3.3% per year).

In value terms, the Philippines ($X) emerged as the key foreign market for safflower seed exports from India, comprising 43% of total exports. The second position in the ranking was held by South Korea ($X), with a 16% share of total exports. It was followed by Japan, with a 14% share.

From 2013 to 2022, the average annual rate of growth in terms of value to the Philippines totaled +5.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+5.3% per year) and Japan (+4.9% per year).

Export Prices by Country

In 2022, the average safflower seed export price amounted to $X per ton, increasing by 15% against the previous year. Over the period from 2013 to 2022, it increased at an average annual rate of +1.2%. The pace of growth appeared the most rapid in 2019 when the average export price increased by 21% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to South Korea ($X per ton) and the United States ($X per ton), while the average price for exports to Thailand ($X per ton) and Japan ($X per ton) were amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+9.8%), while the prices for the other major destinations experienced more modest paces of growth.

Safflower Seed Imports

Imports into India

In 2022, imports of safflower seed into India declined notably to X tons, waning by -30.5% against the previous year's figure. In general, imports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2015 when imports increased by 958% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, safflower seed imports declined markedly to $X in 2022. Overall, imports, however, showed strong growth. The most prominent rate of growth was recorded in 2015 with an increase of 936%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Russia (X tons) was the main safflower seed supplier to India, with a 95% share of total imports. Moreover, safflower seed imports from Russia exceeded the figures recorded by the second-largest supplier, Iran (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Russia amounted to +12.6%.

In value terms, the largest safflower seed suppliers to India were Iran ($X) and Russia ($X).

Iran, with a CAGR of +8.6%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review.

Import Prices by Country

In 2022, the average safflower seed import price amounted to $X per ton, dropping by -7.7% against the previous year. In general, the import price recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 an increase of 16% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Iran ($X per ton), while the price for Russia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (-7.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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