MENA: Safflower Seed Market 2024

Safflower Seed Market Size in MENA

The MENA's safflower seed market skyrocketed to $X in 2022, jumping by X% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Safflower Seed Production in MENA

In value terms, safflower seed production contracted slightly to $X in 2022 estimated in export price. Overall, production recorded a abrupt setback. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

The country with the largest volume of safflower seed production was Turkey (X tons), comprising approx. X% of total volume. Moreover, safflower seed production in Turkey exceeded the figures recorded by the second-largest producer, Iran (X tons), fivefold.

From 2012 to 2022, the average annual growth rate of volume in Turkey was relatively modest. The remaining producing countries recorded the following average annual rates of production growth: Iran (X% per year) and Egypt (X% per year).

The average safflower seed yield reached X tons per ha in 2022, approximately mirroring 2021. In general, the yield showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, the safflower seed yield reached the maximum level at X tons per ha in 2017; however, from 2018 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the safflower seed harvested area in MENA fell slightly to X ha, remaining relatively unchanged against 2021 figures. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the harvested area increased by X% against the previous year. The level of harvested area peaked at X ha in 2014; however, from 2015 to 2022, the harvested area remained at a lower figure.

Safflower Seed Exports

Exports in MENA

Safflower seed exports skyrocketed to X tons in 2022, with an increase of X% compared with the previous year's figure. Over the period under review, exports enjoyed a significant expansion. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, the exports reached 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 skyrocketed to $X in 2022. Overall, exports saw significant growth. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Turkey prevails in exports structure, reaching X tons, which was approx. X% of total exports in 2022. Egypt (X tons) and Iran (X tons) followed a long way behind the leaders.

Turkey was also the fastest-growing in terms of the safflower seed exports, with a CAGR of X% from 2012 to 2022. At the same time, Iran (X%) and Egypt (X%) displayed positive paces of growth. From 2012 to 2022, the share of Turkey and Egypt increased by X and X percentage points, respectively.

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

In Turkey, safflower seed exports expanded 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: Iran (X% per year) and Egypt (X% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, which is down by X% against the previous year. Over the period under review, the export price saw a abrupt setback. The most prominent rate of growth was recorded in 2019 when the export price increased by X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

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

Safflower Seed Imports

Imports in MENA

In 2022, overseas purchases of safflower seed were finally on the rise to reach X tons after five years of decline. Overall, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The volume of import peaked at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, safflower seed imports surged to $X in 2022. Over the period under review, imports recorded a significant increase. The pace of growth was the most pronounced in 2013 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

Turkey dominates imports structure, recording X tons, which was approx. X% of total imports in 2022. It was distantly followed by Iraq (X tons), generating a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to safflower seed imports into Turkey stood at X%. At the same time, Iraq (X%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2022. While the share of Turkey (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Iraq (X p.p.) displayed negative dynamics.

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

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

Import Prices by Country

In 2022, the import price in MENA amounted to $X per ton, rising by X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per ton), while Iraq totaled $X per ton.

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

Source: IndexBox Platform

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