EU: Safflower Seed Market 2024

Safflower Seed Market Size in the EU

The EU safflower seed market soared to $X in 2022, jumping by X% against the previous year. The total consumption indicated a strong expansion from 2012 to 2022: its value 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, consumption increased by X% against 2019 indices. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Safflower Seed Production in the EU

In value terms, safflower seed production soared to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

The countries with the highest volumes of production in 2022 were the Netherlands (X tons) and Spain (X tons).

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by the Netherlands (with a CAGR of X%).

In 2022, the average safflower seed yield in the European Union surged to X tons per ha, increasing by X% on 2021. Overall, the yield, however, continues to indicate a deep setback. The most prominent rate of growth was recorded in 2020 with an increase of X%. The level of yield peaked at X tons per ha in 2012; however, from 2013 to 2022, the yield stood 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.

In 2022, the total area harvested in terms of safflower seed production in the European Union stood at X ha, picking up by X% compared with the previous year's figure. Over the period under review, the harvested area recorded a buoyant expansion. The pace of growth was the most pronounced in 2016 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to safflower seed production attained the peak figure at X ha in 2020; however, from 2021 to 2022, the harvested area remained at a lower figure.

Safflower Seed Exports

Exports in the EU

In 2022, overseas shipments of safflower seed decreased by X% to X tons, falling for the second consecutive year after two years of growth. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, safflower seed exports declined sharply to $X in 2022. In general, exports, however, enjoyed a measured increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

In 2022, the Netherlands (X tons) represented the largest exporter of safflower seed, constituting X% of total exports. Bulgaria (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Spain (X%), Poland (X%) and Germany (X%). The following exporters - Belgium (X tons) and Italy (X tons) - each recorded a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Poland (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) remains the largest safflower seed supplier in the European Union, comprising X% of total exports. The second position in the ranking was taken by Bulgaria ($X), with a X% share of total exports. It was followed by Spain, with a X% share.

In the Netherlands, safflower seed exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Bulgaria (X% per year) and Spain (X% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, picking up by X% against the previous year. Export price indicated a measured expansion 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. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2019; afterwards, it flattened through to 2022.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Spain ($X per ton), while Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (X%), while the other leaders experienced more modest paces of growth.

Safflower Seed Imports

Imports in the EU

In 2022, the amount of safflower seed imported in the European Union shrank modestly to X tons, which is down by X% against 2021. Over the period under review, imports, however, posted a prominent expansion. The pace of growth appeared the most rapid in 2013 when imports increased by X%. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, safflower seed imports amounted to $X in 2022. Total imports indicated strong growth from 2012 to 2022: its value 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, imports increased by X% against 2018 indices. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

Imports by Country

Belgium was the main importer of safflower seed in the European Union, with the volume of imports recording X tons, which was approx. X% of total imports in 2022. Poland (X tons) held an X% share (based on physical terms) of total imports, which put it in second place, followed by the Netherlands (X%), Germany (X%) and Bulgaria (X%). The Czech Republic (X tons) and Portugal (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to safflower seed imports into Belgium stood at X%. At the same time, Bulgaria (X%), the Czech Republic (X%), Poland (X%), the Netherlands (X%), Portugal (X%) and Germany (X%) displayed positive paces of growth. Moreover, Bulgaria emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2022. While the share of Bulgaria (X p.p.), Poland (X p.p.) and the Czech Republic (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Belgium (X p.p.) and Germany (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Belgium, safflower seed imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Poland (X% per year) and the Netherlands (X% per year).

Import Prices by Country

The import price in the European Union stood at $X per ton in 2022, picking up by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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