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Report South-Eastern Asia - Safflower Seed - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Mar 1, 2025

South-Eastern Asia - Safflower Seed - Market Analysis, Forecast, Size, Trends and Insights

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South-Eastern Asia: Safflower Seed Market 2025

Safflower Seed Market Size in South-Eastern Asia

The Southeast Asian safflower seed market soared to $X in 2022, jumping by 30% against the previous year. Over the period under review, consumption posted a buoyant expansion. The level of consumption peaked in 2022 and is likely to continue growth in the immediate term.

Safflower Seed Production in South-Eastern Asia

In value terms, safflower seed production stood at $X in 2022 estimated in export price. In general, production posted strong growth. The most prominent rate of growth was recorded in 2013 with an increase of 997%. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Myanmar (X tons) constituted the country with the largest volume of safflower seed production, accounting for 82% of total volume. Moreover, safflower seed production in Myanmar exceeded the figures recorded by the second-largest producer, Singapore (X tons), fourfold.

In Myanmar, safflower seed production remained relatively stable over the period from 2012-2022.

Safflower Seed Exports

Exports in South-Eastern Asia

In 2022, overseas shipments of safflower seed decreased by -34.8% to X tons, falling for the second consecutive year after three years of growth. In general, exports, however, enjoyed a resilient expansion. The growth pace was the most rapid in 2019 when exports increased by 622% against the previous year. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, safflower seed exports contracted notably to $X in 2022. Overall, exports, however, showed a significant expansion. The pace of growth was the most pronounced in 2019 when exports increased by 672%. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Singapore (X tons), followed by the Philippines (X tons) represented the key exporters of safflower seed, together comprising 100% of total exports.

From 2012 to 2022, the biggest increases were recorded for Singapore (with a CAGR of +51.5%).

In value terms, Singapore ($X) remains the largest safflower seed supplier in South-Eastern Asia, comprising 81% of total exports. The second position in the ranking was taken by the Philippines ($X), with a 19% share of total exports.

In Singapore, safflower seed exports expanded at an average annual rate of +39.6% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, approximately equating the previous year. Overall, the export price, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2016 an increase of 178%. The level of export peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the Philippines amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+5.7%).

Safflower Seed Imports

Imports in South-Eastern Asia

In 2022, the amount of safflower seed imported in South-Eastern Asia expanded notably to X tons, growing by 7.4% on 2021. Over the period under review, imports enjoyed a strong expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 36%. The volume of import peaked in 2022 and is likely to see steady growth in years to come.

In value terms, safflower seed imports surged to $X in 2022. Overall, imports showed a remarkable increase. The pace of growth was the most pronounced in 2018 when imports increased by 48% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the near future.

Imports by Country

The Philippines prevails in imports structure, finishing at X tons, which was approx. 92% of total imports in 2022. Vietnam (X tons) and Thailand (X tons) followed a long way behind the leaders.

Imports into the Philippines increased at an average annual rate of +12.3% from 2012 to 2022. At the same time, Thailand (+19.3%) and Vietnam (+16.2%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +19.3% from 2012-2022. The Philippines (-2.4 p.p.) significantly weakened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Philippines ($X) constitutes the largest market for imported safflower seed in South-Eastern Asia, comprising 93% of total imports. The second position in the ranking was held by Thailand ($X), with a 3.4% share of total imports.

In the Philippines, safflower seed imports increased at an average annual rate of +13.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Thailand (+18.7% per year) and Vietnam (+16.0% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, surging by 27% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+0.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The Philippines remains the largest safflower seed consuming country in South-Eastern Asia, accounting for 90% of total volume. Moreover, safflower seed consumption in the Philippines exceeded the figures recorded by the second-largest consumer, Vietnam, more than tenfold.
The country with the largest volume of safflower seed production was Indonesia, comprising approx. 88% of total volume. Moreover, safflower seed production in Indonesia exceeded the figures recorded by the second-largest producer, Myanmar, more than tenfold.
In value terms, Indonesia remains the largest safflower seed supplier in South-Eastern Asia, comprising 74% of total exports. The second position in the ranking was occupied by Singapore, with a 15% share of total exports. It was followed by Myanmar, with a 8.3% share.
In value terms, the Philippines constitutes the largest market for imported safflower seed in South-Eastern Asia, comprising 91% of total imports. The second position in the ranking was occupied by Vietnam, with a 5.9% share of total imports.
The safflower seed export price in South-Eastern Asia stood at $1,192 per ton in 2020, increasing by 65% against the previous year.
In 2020, the safflower seed import price in South-Eastern Asia amounted to $600 per ton, leveling off at the previous year.

This report provides an in-depth analysis of the safflower seed market in South-Eastern Asia. 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:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Production in South-Eastern Asia, split by region and country
  • Trade (exports and imports) in South-Eastern Asia
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY
    3. HARVESTED AREA AND YIELD BY COUNTRY

  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • Brunei Darussalam
    • Cambodia
    • Indonesia
    • Malaysia
    • Myanmar
    • Philippines
    • Singapore
    • Thailand
    • Timor-Leste
    • Vietnam
    • Lao People's Democratic Republic

  12. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption, By Country, 2018–2024
    5. Production, In Physical Terms, By Country, 2012–2024
    6. Harvested Area, By Country, 2012-2024
    7. Yield, By Country, 2012-2024
    8. Imports, In Physical Terms, By Country, 2012–2024
    9. Imports, In Value Terms, By Country, 2012–2024
    10. Import Prices, By Country Of Destination, 2012–2024
    11. Exports, In Physical Terms, By Country, 2012–2024
    12. Exports, In Value Terms, By Country, 2012–2024
    13. Export Prices, By Country Of Origin, 2012–2024

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Consumption, By Country, 2024
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Yield And Growth
    12. Exports And Growth
    13. Export Prices And Growth
    14. Market Size And Growth
    15. Per Capita Consumption
    16. Imports And Growth
    17. Import Prices
    18. Production, In Physical Terms, 2012–2024
    19. Production, In Value Terms, 2012–2024
    20. Area Harvested, 2012–2024
    21. Yield, 2012–2024
    22. Production, By Country, 2024
    23. Production, In Physical Terms, By Country, 2012–2024
    24. Harvested Area, By Country, 2024
    25. Harvested Area, By Country, 2012-2024
    26. Yield, By Country, 2012-2024
    27. Imports, In Physical Terms, 2012–2024
    28. Imports, In Value Terms, 2012–2024
    29. Imports, In Physical Terms, By Country, 2024
    30. Imports, In Physical Terms, By Country, 2012–2024
    31. Imports, In Value Terms, By Country, 2012–2024
    32. Import Prices, By Country, 2012–2024
    33. Exports, In Physical Terms, 2012–2024
    34. Exports, In Value Terms, 2012–2024
    35. Exports, In Physical Terms, By Country, 2024
    36. Exports, In Physical Terms, By Country, 2012–2024
    37. Exports, In Value Terms, By Country, 2012–2024
    38. Export Prices, 2012–2024

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