Mexico: Safflower Seed Market 2025

Safflower Seed Market Size in Mexico

The Mexican safflower seed market skyrocketed to $X in 2022, rising by 22% against the previous year. In general, consumption, however, saw a noticeable downturn. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Safflower Seed Production in Mexico

In value terms, safflower seed production expanded significantly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a noticeable decline. The growth pace was the most rapid in 2014 when the production volume increased by 92%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

In 2022, the average yield of safflower seed in Mexico amounted to X tons per ha, therefore, remained relatively stable against 2021. In general, the yield showed slight growth. The most prominent rate of growth was recorded in 2016 with an increase of 88%. Over the period under review, the average safflower seed yield reached the peak level 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, approx. X ha of safflower seed were harvested in Mexico; growing by 31% on the year before. In general, the harvested area, however, saw a abrupt decline. The growth pace was the most rapid in 2020 with an increase of 81% against the previous year. The safflower seed harvested area peaked at X ha in 2015; however, from 2016 to 2022, the harvested area failed to regain momentum.

Safflower Seed Exports

Exports from Mexico

In 2014, approx. X tons of safflower seed were exported from Mexico; waning by -98.6% compared with the year before. Over the period under review, exports saw a sharp shrinkage. The smallest decline of -60.7% was in 2013. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2014, the exports stood at a somewhat lower figure.

In value terms, safflower seed exports fell notably to $X in 2014. Overall, exports saw a sharp slump. The smallest decline of -53% was in 2013. The exports peaked at $X in 2012; however, from 2013 to 2014, the exports failed to regain momentum.

Exports by Country

The Czech Republic (X tons) was the main destination for safflower seed exports from Mexico, accounting for a 96% share of total exports. Moreover, safflower seed exports to the Czech Republic exceeded the volume sent to the second major destination, the United States (X kg), more than tenfold.

From 2012 to 2014, the average annual growth rate of volume to the Czech Republic amounted to +88.2%.

In value terms, the Czech Republic ($X) emerged as the key foreign market for safflower seed exports from Mexico, comprising 96% of total exports. The second position in the ranking was taken by the United States ($X), with a 4% share of total exports.

From 2012 to 2014, the average annual rate of growth in terms of value to the Czech Republic totaled -52.8%.

Export Prices by Country

In 2014, the average safflower seed export price amounted to $X per ton, with a decrease of -9.4% against the previous year. Over the period from 2012 to 2014, it increased at an average annual rate of +4.1%. The most prominent rate of growth was recorded in 2013 an increase of 20% against the previous year. As a result, the export price reached the peak level of $X per ton, and then declined in the following year.

Average prices varied noticeably for the major external markets. In 2014, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to the United States stood at $X per ton.

From 2012 to 2014, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+7.2%).

Safflower Seed Imports

Imports into Mexico

After two years of decline, purchases abroad of safflower seed decreased by 0% to X tons in 2019. Overall, imports posted a significant increase. The pace of growth appeared the most rapid in 2014 with an increase of 100% against the previous year. Imports peaked in 2019 and are likely to see steady growth in the immediate term.

In value terms, safflower seed imports amounted to $X in 2019. In general, imports saw a strong expansion. The pace of growth appeared the most rapid in 2014 when imports increased by 100% against the previous year. Imports peaked in 2019 and are likely to see steady growth in years to come.

Imports by Country

In 2019, the United States (X tons) was the main safflower seed supplier to Mexico, with a approx. 100% share of total imports.

From 2012 to 2019, the average annual rate of growth in terms of volume from the United States stood at +129.3%.

In value terms, the United States ($X) constituted the largest supplier of safflower seed to Mexico.

From 2012 to 2019, the average annual rate of growth in terms of value from the United States amounted to +94.8%.

Import Prices by Country

In 2019, the average safflower seed import price amounted to $X per ton, leveling off at the previous year. Over the period under review, the import price saw a abrupt setback. The growth pace was the most rapid in 2013 when the average import price increased by 0.9%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2019, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2019, the rate of growth in terms of prices for the United States amounted to -15.1% per year.

Source: IndexBox Platform

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