Report Update Nov 1, 2024

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

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Luxembourg: Safflower Seed Market 2024

Safflower Seed Market Size in Luxembourg

The Luxembourg safflower seed market contracted significantly to $X in 2022, which is down by -24.6% 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). Overall, consumption continues to indicate a perceptible contraction. Safflower seed consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Safflower Seed Exports

Exports from Luxembourg

In 2022, the amount of safflower seed exported from Luxembourg dropped remarkably to X kg, with a decrease of -32.3% against 2021. In general, exports, however, continue to indicate resilient growth. The pace of growth was the most pronounced in 2017 with an increase of 1,620%. The exports peaked at X kg in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, safflower seed exports dropped to $X in 2022. Over the period under review, exports, however, showed resilient growth. The pace of growth was the most pronounced in 2014 with an increase of 1,503% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

France (X kg) was the main destination for safflower seed exports from Luxembourg, accounting for a 84% share of total exports. Moreover, safflower seed exports to France exceeded the volume sent to the second major destination, Belgium (X kg), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to France totaled +2.1%.

In value terms, Belgium ($X) and France ($X) appeared to be the largest markets for safflower seed exported from Luxembourg worldwide.

In terms of the main countries of destination, France, with a CAGR of -8.2%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2022, the average safflower seed export price amounted to $X per ton, with an increase of 34% against the previous year. Over the period under review, the export price continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2014 when the average export price increased by 106%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to France totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+0.4%), while the prices for the other major destinations experienced a decline.

Safflower Seed Imports

Imports into Luxembourg

Safflower seed imports into Luxembourg dropped markedly to X tons in 2022, which is down by -28.4% on the previous year's figure. In general, imports recorded a deep contraction. The pace of growth was the most pronounced in 2016 when imports increased by 663%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, safflower seed imports contracted markedly to $X in 2022. Over the period under review, imports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of 2,268% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then fell notably in the following year.

Imports by Country

Belgium (X tons) and the Netherlands (X tons) were the main suppliers of safflower seed imports to Luxembourg.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +90.3%).

In value terms, Belgium ($X) constituted the largest supplier of safflower seed to Luxembourg, comprising 88% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 12% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Belgium totaled +114.3%.

Import Prices by Country

In 2022, the average safflower seed import price amounted to $X per ton, growing by 13% against the previous year. In general, the import price showed resilient growth. The most prominent rate of growth was recorded in 2016 when the average import price increased by 210%. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for the Netherlands stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+12.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

Kazakhstan constituted the country with the largest volume of safflower seed consumption, accounting for 27% of total volume. Moreover, safflower seed consumption in Kazakhstan exceeded the figures recorded by the second-largest consumer, Mexico, twofold. China ranked third in terms of total consumption with a 13% share.

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

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

What are the leading suppliers of safflower seed to Luxembourg?

In value terms, Belgium constituted the largest supplier of safflower seed to Luxembourg, comprising 85% of total imports. The second position in the ranking was occupied by the Netherlands, with a 13% share of total imports.

What are the leading importers of safflower seed from Luxembourg?

In value terms, Germany $986) emerged as the key foreign market for safflower seed exports from Luxembourg, comprising 69% of total exports. The second position in the ranking was occupied by Belgium $439), with a 31% share of total exports.

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

The average safflower seed export price stood at $3,244 per ton in 2020, increasing by 54% against the previous year.

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

In 2020, the average safflower seed import price amounted to $4,560 per ton, with an increase of 19% against the previous year.

This report provides an in-depth analysis of the safflower seed market in Luxembourg. 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:

Luxembourg

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Luxembourg
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. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
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
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 In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023