Benelux: Safflower Seed Market 2024

Safflower Seed Market Size in Benelux

The Benelux safflower seed market surged to $X in 2022, increasing by X% against the previous year. Overall, consumption showed strong growth. Over the period under review, the market reached the peak level in 2022 and is likely to continue growth in the near future.

Safflower Seed Production in Benelux

In value terms, safflower seed production soared to $X in 2022 estimated in export price. In general, production recorded a buoyant expansion. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

The Netherlands (X tons) constituted the country with the largest volume of safflower seed production, accounting for X% of total volume.

In the Netherlands, safflower seed production expanded at an average annual rate of X% over the period from 2012-2022.

Safflower Seed Exports

Exports in Benelux

In 2022, approx. X tons of safflower seed were exported in Benelux; which is down by X% compared with the year before. Overall, exports, however, posted a notable increase. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, safflower seed exports declined notably to $X in 2022. In general, exports, however, continue to indicate a resilient increase. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

The Netherlands prevails in exports structure, recording X tons, which was near X% of total exports in 2022. It was distantly followed by Belgium (X tons), creating a X% share of total exports.

The Netherlands was also the fastest-growing in terms of the safflower seed exports, with a CAGR of X% from 2012 to 2022. Belgium (X%) illustrated a downward trend over the same period. While the share of the Netherlands (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Belgium (X p.p.) displayed negative dynamics.

In value terms, the Netherlands ($X) remains the largest safflower seed supplier in Benelux, comprising X% of total exports. The second position in the ranking was held by Belgium ($X), with a X% share of total exports.

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

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per ton, with a decrease of X% against the previous year. Export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, safflower seed export price decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Belgium totaled $X per ton.

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

Safflower Seed Imports

Imports in Benelux

In 2022, supplies from abroad of safflower seed decreased by X% to X tons, falling for the third year in a row after eight years of growth. In general, imports, however, continue to indicate resilient growth. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, safflower seed imports rose markedly to $X in 2022. Overall, imports, however, posted buoyant growth. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

Belgium represented the largest importer of safflower seed in Benelux, with the volume of imports recording X tons, which was near X% of total imports in 2022. It was distantly followed by the Netherlands (X tons), achieving a X% share of total imports.

Imports into Belgium increased at an average annual rate of X% from 2012 to 2022. At the same time, the Netherlands (X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer imported in Benelux, with a CAGR of X% from 2012-2022. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X) constitutes the largest market for imported safflower seed in Benelux, comprising X% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total imports.

In Belgium, safflower seed imports increased at an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per ton, rising by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices stood 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 the Netherlands ($X per ton), while Belgium stood at $X per ton.

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

Source: IndexBox Platform

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