India - Safflower Seed - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSafflower Seed Price in India Plummets 46% to $747 per Ton
India Safflower Seed Export Price in February 2023
In February 2023, the safflower seed price amounted to $747 per ton (FOB, India), waning by -45.6% against the previous month. Overall, the export price recorded a pronounced decline. The growth pace was the most rapid in January 2023 an increase of 74% m-o-m. As a result, the export price attained the peak level of $1,373 per ton, and then fell notably in the following month.
Average prices varied somewhat for the major overseas markets. In February 2023, the highest price was recorded for prices to South Korea ($936 per ton) and Vietnam ($753 per ton), while the average price for exports to the Philippines ($731 per ton) and Japan ($741 per ton) were amongst the lowest.
From February 2022 to February 2023, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (+3.9%), while the prices for the other major destinations experienced a decline.
| COUNTRY | Export Price of Safflower Seed in India (USD per ton) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 2022 | Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | |
| South Korea | 1,135 | 884 | 933 | < 0.1 | 917 | 848 | 820 | < 0.1 | 783 | 965 | 853 | 4,323 | 936 |
| Vietnam | < 0.1 | < 0.1 | 877 | 842 | < 0.1 | 827 | 805 | < 0.1 | < 0.1 | < 0.1 | < 0.1 | < 0.1 | 753 |
| Thailand | 946 | < 0.1 | < 0.1 | 783 | < 0.1 | 803 | < 0.1 | < 0.1 | < 0.1 | < 0.1 | 750 | < 0.1 | 747 |
| Japan | < 0.1 | 800 | 822 | 832 | < 0.1 | 853 | 765 | 725 | < 0.1 | 822 | 742 | 766 | 741 |
| Philippines | 907 | < 0.1 | 854 | 793 | 867 | 796 | 827 | 777 | < 0.1 | 722 | 752 | 793 | 731 |
| Kuwait | < 0.1 | 861 | 819 | < 0.1 | 860 | 835 | < 0.1 | 777 | 728 | < 0.1 | 1,218 | < 0.1 | < 0.1 |
| Average | 1,006 | 836 | 863 | 813 | 973 | 832 | 795 | 776 | 757 | 835 | 788 | 1,373 | 747 |
India Safflower Seed Exports
Safflower seed exports from India soared to 210 tons in February 2023, growing by 64% against the previous month. Over the period under review, exports posted a resilient expansion. The most prominent rate of growth was recorded in April 2022 with an increase of 381% against the previous month. As a result, the exports attained the peak of 534 tons. From May 2022 to February 2023, the growth of the exports remained at a somewhat lower figure.
In value terms, safflower seed exports shrank to $157K (IndexBox estimates) in February 2023. Overall, exports posted resilient growth. The pace of growth was the most pronounced in April 2022 with an increase of 396% m-o-m. As a result, the exports attained the peak of $461K. From May 2022 to February 2023, the growth of the exports remained at a somewhat lower figure.
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India Safflower Seed Exports by Country
the Philippines (79 tons), Japan (72 tons) and Vietnam (34 tons) were the main destinations of safflower seed exports from India, with a combined 88% share of total exports. Thailand and South Korea lagged somewhat behind, together accounting for a further 12%.
From February 2022 to February 2023, the biggest increases were in Thailand (with a CAGR of +7.0%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, the largest markets for safflower seed exported from India were the Philippines ($58K), Japan ($53K) and Vietnam ($25K), with a combined 87% share of total exports. Thailand and South Korea lagged somewhat behind, together accounting for a further 13%.
In terms of the main countries of destination, Thailand, with a CAGR of +4.9%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the safflower seed market in India. 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 - Safflower seed
Country coverage:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
