Canada - Safflower Seed - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSafflower Seed Price in Canada - 2023
Contents:
- Safflower Seed Price in Canada (CIF) - 2022
- Safflower Seed Price in Canada (FOB) - 2022
- Safflower Seed Imports in Canada
- Safflower Seed Exports in Canada
Safflower Seed Price in Canada (CIF) - 2022
In 2022, the average safflower seed import price amounted to $1,051 per ton, jumping by 27% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $1,129 per ton in 2012; afterwards, it flattened through to 2022.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Bulgaria ($1,241 per ton) and Turkey ($1,147 per ton), while the price for the United States ($928 per ton) and Russia ($1,058 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+91.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Safflower Seed Price in Canada (FOB) - 2022
In 2022, the average safflower seed export price amounted to $1,629 per ton, surging by 62% against the previous year. Overall, export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +4.6% 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 increased by +43.3% against 2019 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +4.0% per year.
Safflower Seed Imports in Canada
In 2022, after three years of growth, there was significant decline in purchases abroad of safflower seed, when their volume decreased by -11.9% to 2K tons. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +11.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +38.5% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 29% against the previous year.
In value terms, safflower seed imports rose sharply to $2.1M in 2022. In general, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 50%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.
| Import of Safflower Seed in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 877 | 1,245 | 1,120 | 933 | 2.1% |
| Bulgaria | N/A | 133 | 237 | 776 | 141.5% |
| Russia | N/A | N/A | 351 | 285 | -18.8% |
| Turkey | N/A | N/A | 14.7 | 60.4 | 310.9% |
| Ukraine | N/A | N/A | 132 | 12.4 | -90.6% |
| Others | 40.3 | 2.4 | N/A | 0.3 | -80.5% |
| Total | 917 | 1,380 | 1,855 | 2,067 | 31.1% |
Top Suppliers of Safflower Seed to Canada in 2022:
- United States (1005.2 tons)
- Bulgaria (625.4 tons)
- Russia (269.8 tons)
- Turkey (52.6 tons)
- Ukraine (14.4 tons)
Safflower Seed Exports in Canada
In 2022, approx. 627 tons of safflower seed were exported from Canada; reducing by -21.4% against 2021. Over the period under review, total exports indicated moderate growth from 2019 to 2022: its volume increased at an average annual rate of +2.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +45.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 85% against the previous year. As a result, the exports attained the peak of 797 tons, and then contracted markedly in the following year.
In value terms, safflower seed exports soared to $1M in 2022. In general, exports, however, recorded a prominent increase. The growth pace was the most rapid in 2021 with an increase of 103%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.
| Export of Safflower Seed in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 589 | 367 | 778 | 1,020 | 20.1% |
| Colombia | 28.9 | N/A | N/A | N/A | 0% |
| Vietnam | 40.7 | 22.7 | N/A | N/A | -44.2% |
| United Kingdom | N/A | N/A | 18.9 | N/A | 0% |
| Others | 1.0 | 4.6 | 3.8 | 1.2 | 6.3% |
| Total | 660 | 394 | 800 | 1,021 | 15.7% |
Top Export Markets for Safflower Seed from Canada in 2022:
- United States (624.0 tons)
This report provides an in-depth analysis of the safflower seed market in Canada. 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:
- Canada
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Canada
- 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
-
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
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