U.S.: Safflower Seed Market 2025

Safflower Seed Market Size in the U.S.

In 2022, the U.S. safflower seed market increased by 8.6% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption, however, showed 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 somewhat lower figure.

Safflower Seed Production in the U.S.

In value terms, safflower seed production shrank to $X in 2022. Overall, production, however, continues to indicate a slight contraction. The pace of growth was the most pronounced in 2018 with an increase of 37%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

In 2022, the average yield of safflower seed in the United States expanded markedly to X tons per ha, increasing by 8.9% on the previous year's figure. Overall, the yield recorded 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 average safflower seed yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The safflower seed harvested area in the United States contracted modestly to X ha in 2022, reducing by -2.4% compared with 2021. Over the period under review, the harvested area saw a mild slump. The most prominent rate of growth was recorded in 2018 with an increase of 7.6% against the previous year. Over the period under review, the harvested area dedicated to safflower seed production reached the maximum at X ha in 2013; however, from 2014 to 2022, the harvested area remained at a lower figure.

Safflower Seed Exports

Exports from the U.S.

In 2022, overseas shipments of safflower seed decreased by -28.2% to X tons, falling for the second year in a row after three years of growth. Overall, exports, however, posted resilient growth. The growth pace was the most rapid in 2013 with an increase of 145% 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 failed to regain momentum.

In value terms, safflower seed exports fell sharply to $X in 2022. Over the period under review, exports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2013 with an increase of 145%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Canada (X tons) was the main destination for safflower seed exports from the United States, accounting for a 88% share of total exports. Moreover, safflower seed exports to Canada exceeded the volume sent to the second major destination, France (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Canada totaled +8.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+42.1% per year) and Mexico (-6.7% per year).

In value terms, Canada ($X) remains the key foreign market for safflower seed exports from the United States, comprising 88% of total exports. The second position in the ranking was taken by France ($X), with a 7.2% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Canada totaled +7.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+42.1% per year) and Mexico (-6.8% per year).

Export Prices by Country

The average safflower seed export price stood at $X per ton in 2022, with an increase of 11% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Mexico ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (-0.1%), while the prices for the other major destinations experienced a decline.

Safflower Seed Imports

Imports into the U.S.

In 2022, purchases abroad of safflower seed increased by 223% to X tons, rising for the fifth consecutive year after four years of decline. Over the period under review, imports posted a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 265%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, safflower seed imports soared to $X in 2022. Overall, imports posted a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 306%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

Russia (X tons), Bulgaria (X tons) and Mexico (X tons) were the main suppliers of safflower seed imports to the United States, with a combined 92% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Russia (with a CAGR of +1,424.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest safflower seed suppliers to the United States were Russia ($X), Bulgaria ($X) and Canada ($X), together accounting for 89% of total imports.

Russia, with a CAGR of +1,757.9%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average safflower seed import price amounted to $X per ton, rising by 6.5% against the previous year. In general, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, safflower seed import price increased by +18.4% against 2020 indices. The pace of growth was the most pronounced in 2019 when the average import price increased by 72%. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

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 Canada ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+21.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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