Iran: Safflower Seed Market 2024

Safflower Seed Market Size in Iran

The Iranian safflower seed market dropped to $X in 2022, with a decrease of -6.7% against the previous year. In general, consumption showed a drastic downturn. Safflower seed consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Safflower Seed Production in Iran

In value terms, safflower seed production contracted to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a deep reduction. The growth pace was the most rapid in 2015 with an increase of 177% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

The average yield of safflower seed in Iran declined slightly to X tons per ha in 2022, almost unchanged from the previous year's figure. Overall, the yield continues to indicate a pronounced slump. The most prominent rate of growth was recorded in 2015 when the yield increased by 163%. As a result, the yield reached the peak level of X tons per ha. From 2016 to 2022, the growth of the average safflower seed 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 Iran; which is down by -1.8% on 2021 figures. Overall, the harvested area recorded a noticeable descent. The pace of growth was the most pronounced in 2017 with an increase of 66% against the previous year. Over the period under review, the harvested area dedicated to safflower seed production attained the maximum at X ha in 2012; however, from 2013 to 2022, the harvested area remained at a lower figure.

Safflower Seed Exports

Exports from Iran

Safflower seed exports from Iran reduced modestly to X tons in 2022, falling by -1.7% against 2021. In general, exports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of 104% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, safflower seed exports expanded rapidly to $X in 2022. Overall, exports showed a perceptible descent. The most prominent rate of growth was recorded in 2014 when exports increased by 65%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Turkey (X tons), South Korea (X tons) and India (X tons) were the main destinations of safflower seed exports from Iran, together accounting for 59% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of +34.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for safflower seed exported from Iran were South Korea ($X), India ($X) and Jordan ($X), with a combined 68% share of total exports.

In terms of the main countries of destination, South Korea, with a CAGR of +42.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average safflower seed export price amounted to $X per ton, surging by 12% against the previous year. Over the period under review, the export price, however, recorded a deep setback. The pace of growth appeared the most rapid in 2014 an increase of 13% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Jordan ($X per ton), while the average price for exports to Germany ($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 South Korea (+5.9%), while the prices for the other major destinations experienced mixed trend patterns.

Safflower Seed Imports

Imports into Iran

In 2022, overseas purchases of safflower seed were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a dramatic slump. The growth pace was the most rapid in 2016 when imports increased by 2,483%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, safflower seed imports soared to $X in 2022. Overall, imports, however, saw a deep downturn. The pace of growth was the most pronounced in 2016 with an increase of 4,880% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Russia (X tons) was the main supplier of safflower seed to Iran, with a 99% share of total imports. It was followed by Turkey (X kg), with a 1.5% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Russia amounted to -32.9%.

In value terms, Russia ($X) constituted the largest supplier of safflower seed to Iran, comprising 99% of total imports. The second position in the ranking was held by Turkey ($X), with a 0.9% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Russia totaled -16.5%.

Import Prices by Country

In 2022, the average safflower seed import price amounted to $X per ton, rising by 60% against the previous year. Over the period under review, the import price showed significant growth. The pace of growth appeared the most rapid in 2021 an increase of 152%. The import price peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+24.4%).

Source: IndexBox Platform

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