Africa: Safflower Seed Market 2024

Safflower Seed Market Size in Africa

The African safflower seed market shrank to $X in 2022, which is down by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Safflower Seed Production in Africa

In value terms, safflower seed production expanded notably to $X in 2022 estimated in export price. The total production indicated a temperate increase 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, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were Tanzania (X tons), Ethiopia (X tons) and Egypt (X tons), together comprising X% of total production.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Egypt (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

In 2022, the average yield of safflower seed in Africa was estimated at X kg per ha, remaining constant against the year before. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the safflower seed yield hit record highs at X kg per ha in 2020; however, from 2021 to 2022, the yield remained at a 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 harvested area of safflower seed in Africa was estimated at X ha, approximately equating the previous year's figure. Over the period under review, the harvested area, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to safflower seed production reached the peak figure at X ha in 2013; however, from 2014 to 2022, the harvested area failed to regain momentum.

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Safflower Seed Exports

Exports in Africa

Safflower seed exports shrank dramatically to X tons in 2022, waning by X% compared with 2021 figures. Over the period under review, exports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then contracted dramatically in the following year.

In value terms, safflower seed exports contracted modestly to $X in 2022. Overall, exports, however, saw resilient growth. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the exports reached the peak of $X, and then declined in the following year.

Exports by Country

The shipments of the one major exporters of safflower seed, namely Egypt, represented more than two-thirds of total export.

Egypt was also the fastest-growing in terms of the safflower seed exports, with a CAGR of X% from 2012 to 2022. Egypt (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Egypt ($X) also remains the largest safflower seed supplier in Africa.

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

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, surging by X% against the previous year. Overall, the export price recorded measured growth. The pace of growth appeared the most rapid in 2016 an increase of X%. The level of export peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Egypt.

From 2012 to 2022, the rate of growth in terms of prices for Egypt amounted to X% per year.

Safflower Seed Imports

Imports in Africa

In 2022, supplies from abroad of safflower seed increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, imports saw a significant increase. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, safflower seed imports skyrocketed to $X in 2022. In general, imports saw a significant increase. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the near future.

Imports by Country

Libya was the main importing country with an import of around X tons, which amounted to X% of total imports. It was distantly followed by South Africa (X tons), Morocco (X tons) and Egypt (X tons), together generating a X% share of total imports. Algeria (X tons) took a relatively small share of total imports.

Imports into Libya increased at an average annual rate of X% from 2012 to 2022. At the same time, Morocco (X%), Algeria (X%), Egypt (X%) and South Africa (X%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. Libya (X p.p.), Morocco (X p.p.) and Egypt (X p.p.) significantly strengthened its position in terms of the total imports, while South Africa saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Libya ($X) constitutes the largest market for imported safflower seed in Africa, comprising X% of total imports. The second position in the ranking was taken by South Africa ($X), with a X% share of total imports. It was followed by Morocco, with a X% share.

In Libya, safflower seed imports expanded 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: South Africa (X% per year) and Morocco (X% per year).

Import Prices by Country

The import price in Africa stood at $X per ton in 2022, surging by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in South Africa ($X per ton) and Libya ($X per ton), while Egypt ($X per ton) and Morocco ($X per ton) were 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 import price figures.

Source: IndexBox Platform

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