U.S. - Safflower Seed - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSafflower Seed Price in the United States - 2023
Contents:
- Safflower Seed Price in the United States (CIF) - 2023
- Safflower Seed Price in the United States (FOB) - 2023
- Safflower Seed Imports in the United States
- Safflower Seed Exports in the United States
Safflower Seed Price in the United States (CIF) - 2023
The average safflower seed import price stood at $864 per ton in December 2023, with a decrease of -11.4% against the previous month. In general, the import price saw a mild reduction. The pace of growth appeared the most rapid in April 2023 an increase of 23% month-to-month. As a result, import price reached the peak level of $1,109 per ton. From May 2023 to December 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was China ($1,648 per ton), while the price for Kazakhstan ($705 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by China (+2.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Safflower Seed Price in the United States (FOB) - 2023
In December 2023, the average safflower seed export price amounted to $868 per ton, approximately equating the previous month. Overall, the export price continues to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in August 2023 when the average export price increased by 19% month-to-month. The export price peaked at $1,121 per ton in December 2022; however, from January 2023 to December 2023, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major foreign markets. In December 2023, the country with the highest price was Canada ($900 per ton), while the average price for exports to Argentina stood at $858 per ton.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (0.0%), while the prices for the other major destinations experienced more modest paces of growth.
Safflower Seed Imports in the United States
Safflower seed imports into the United States surged to 12K tons in 2022, picking up by 223% on 2021 figures. Over the period under review, imports saw a significant increase. The growth pace was the most rapid in 2021 with an increase of 265%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, safflower seed imports soared to $10M in 2022. In general, imports recorded significant growth. The growth pace was the most rapid in 2021 with an increase of 306% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Safflower Seed in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | N/A | N/A | 0.9 | 5.1 | 466.7% |
| Bulgaria | N/A | 0.1 | 1.3 | 3.1 | 456.8% |
| Canada | 0.6 | 0.4 | 0.8 | 1.0 | 18.6% |
| Mexico | N/A | N/A | N/A | 0.7 | 0% |
| Argentina | N/A | N/A | N/A | 0.3 | 0% |
| Poland | N/A | 0.2 | 0.1 | N/A | -50.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 0.6 | 0.7 | 3.0 | 10.3 | 158.0% |
Top Suppliers of Safflower Seed to the United States in 2022:
- Russia (6.1K tons)
- Bulgaria (3.7K tons)
- Mexico (1.3K tons)
- Canada (0.6K tons)
- Argentina (0.3K tons)
Safflower Seed Exports in the United States
In 2022, shipments abroad of safflower seed decreased by -28.2% to 1.4K tons, falling for the second year in a row after two years of growth. In general, exports, however, posted a perceptible increase. The most prominent rate of growth was recorded in 2020 with an increase of 87%. As a result, the exports attained the peak of 2.5K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, safflower seed exports shrank markedly to $1.2M in 2022. Overall, exports, however, enjoyed perceptible growth. The pace of growth was the most pronounced in 2020 when exports increased by 88%. As a result, the exports attained the peak of $2.1M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Safflower Seed in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 903 | 1,441 | 1,419 | 1,081 | 6.2% |
| France | 34.8 | N/A | 78.5 | 88.8 | 36.7% |
| Mexico | 155 | 94.2 | 32.8 | 50.0 | -31.4% |
| Netherlands | N/A | 433 | N/A | N/A | 0% |
| Others | 12.8 | 108 | 8.3 | 7.9 | -14.9% |
| Total | 1,105 | 2,076 | 1,539 | 1,227 | 3.6% |
Top Export Markets for Safflower Seed from the United States in 2022:
- Canada (1255.0 tons)
- France (103.5 tons)
- Mexico (58.9 tons)
This report provides an in-depth analysis of the safflower seed market in the U.S.. 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:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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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