Jordan: Safflower Seed Market 2025

Safflower Seed Market Size in Jordan

The Jordanian safflower seed market declined sharply to $X in 2022, which is down by -85.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, showed a prominent expansion. Safflower seed consumption peaked at $X in 2021, and then reduced sharply in the following year.

Safflower Seed Exports

Exports from Jordan

In 2021, after five years of growth, there was significant decline in overseas shipments of safflower seed, when their volume decreased by -83.5% to X tons. In general, exports showed a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of 165% against the previous year. As a result, the exports attained the peak of X tons, and then fell notably in the following year.

In value terms, safflower seed exports dropped dramatically to $X in 2021. Over the period under review, exports recorded a deep setback. The pace of growth appeared the most rapid in 2020 with an increase of 214% against the previous year. As a result, the exports attained the peak of $X, and then contracted markedly in the following year.

Exports by Country

The Netherlands (X kg), the United Arab Emirates (X kg) and Saudi Arabia (X kg) were the main destinations of safflower seed exports from Jordan, together accounting for 68% of total exports.

From 2014 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of 0.0%), while the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Saudi Arabia ($X) and the Netherlands ($X) constituted the largest markets for safflower seed exported from Jordan worldwide, with a combined 95% share of total exports.

The United Arab Emirates, with a CAGR of 0.0%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average safflower seed export price stood at $X per ton in 2021, which is down by -46.2% against the previous year. In general, the export price, however, saw a mild increase. The pace of growth was the most pronounced in 2020 when the average export price increased by 19%. As a result, the export price reached the peak level of $X per ton, and then shrank dramatically in the following year.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2014 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (0.0%), while the prices for the other major destinations experienced more modest paces of growth.

Safflower Seed Imports

Imports into Jordan

In 2022, imports of safflower seed into Jordan dropped sharply to X tons, waning by -87.2% against the previous year's figure. Over the period under review, imports, however, saw strong growth. The pace of growth was the most pronounced in 2016 with an increase of 161% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2021, and then declined remarkably in the following year.

In value terms, safflower seed imports contracted remarkably to $X in 2022. Overall, imports, however, saw a buoyant increase. The growth pace was the most rapid in 2016 when imports increased by 204% against the previous year. Imports peaked at $X in 2021, and then fell markedly in the following year.

Imports by Country

In 2022, Bulgaria (X tons) constituted the largest supplier of safflower seed to Jordan, with a 76% share of total imports. Moreover, safflower seed imports from Bulgaria exceeded the figures recorded by the second-largest supplier, Syrian Arab Republic (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume from Bulgaria stood at +80.2%.

In value terms, Bulgaria ($X) constituted the largest supplier of safflower seed to Jordan, comprising 76% of total imports. The second position in the ranking was held by Syrian Arab Republic ($X), with a 24% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Bulgaria totaled +144.6%.

Import Prices by Country

The average safflower seed import price stood at $X per ton in 2022, growing by 25% against the previous year. Overall, the import price, however, saw a noticeable curtailment. The pace of growth appeared the most rapid in 2014 when the average import price increased by 46%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Bulgaria ($X per ton), while the price for Syrian Arab Republic amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+35.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform