Northern America: Safflower Seed Market 2025

Safflower Seed Market Size in Northern America

In 2022, the North American safflower seed market increased by 8.6% to $X, rising for the second year in a row after two years of decline. In general, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Safflower Seed Production in Northern America

In value terms, safflower seed production dropped to $X in 2022 estimated in export price. Over the period under review, production, however, showed a mild setback. The most prominent rate of growth was recorded in 2018 when the production volume increased by 37% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

The United States (X tons) constituted the country with the largest volume of safflower seed production, comprising approx. 100% of total volume.

From 2012 to 2022, the average annual rate of growth in terms of volume in the United States totaled -1.9%.

The average safflower seed yield expanded sharply to X tons per ha in 2022, with an increase of 8.9% against the previous year. Overall, the yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the yield increased by 25%. As a result, the yield attained the peak level of X tons per ha. From 2019 to 2022, the growth of the safflower seed 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 total area harvested in terms of safflower seed production in Northern America fell to X ha, which is down by -2.4% against the previous year. Overall, the harvested area recorded a slight curtailment. The pace of growth was the most pronounced in 2018 when the harvested area increased by 7.6%. Over the period under review, the harvested area dedicated to safflower seed production reached the peak figure at X ha in 2013; however, from 2014 to 2022, the harvested area stood at a somewhat lower figure.

Safflower Seed Exports

Exports in Northern America

In 2022, shipments abroad of safflower seed decreased by -26.2% to X tons, falling for the second year in a row after three years of growth. Over the period under review, exports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of 118% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, safflower seed exports fell slightly to $X in 2022. Overall, exports, however, posted a strong expansion. The growth pace was the most rapid in 2013 when exports increased by 124%. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States represented the largest exporting country with an export of about X tons, which amounted to 69% of total exports. It was distantly followed by Canada (X tons), creating a 31% share of total exports.

The United States was also the fastest-growing in terms of the safflower seed exports, with a CAGR of +7.5% from 2012 to 2022. At the same time, Canada (+6.2%) displayed positive paces of growth. While the share of the United States (+2.7 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Canada (-2.7 p.p.) displayed negative dynamics.

In value terms, the largest safflower seed supplying countries in Northern America were the United States ($X) and Canada ($X).

Canada, with a CAGR of +11.1%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per ton, surging by 30% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the United States stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+4.6%).

Safflower Seed Imports

Imports in Northern America

For the fifth year in a row, Northern America recorded growth in purchases abroad of safflower seed, which increased by 135% to X tons in 2022. In general, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, safflower seed imports soared to $X in 2022. Overall, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States represented the key importing country with an import of around X tons, which recorded 86% of total imports. It was distantly followed by Canada (X tons), making up a 14% share of total imports.

The United States was also the fastest-growing in terms of the safflower seed imports, with a CAGR of +28.9% from 2012 to 2022. At the same time, Canada (+8.4%) displayed positive paces of growth. While the share of the United States (+34 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Canada (-33.8 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported safflower seed in Northern America, comprising 83% of total imports. The second position in the ranking was taken by Canada ($X), with a 17% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States stood at +31.2%.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per ton, growing by 8.3% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 19% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+1.8%).

Source: IndexBox Platform

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