Central Asia: Safflower Seed Market 2024

Safflower Seed Market Size in Central Asia

The Central Asian safflower seed market soared to $X in 2022, jumping by X% against the previous year. Over the period under review, consumption saw a strong increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Safflower Seed Production in Central Asia

In value terms, safflower seed production rose remarkably to $X in 2022 estimated in export price. Overall, production showed a strong expansion. The pace of growth appeared the most rapid in 2013 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

The country with the largest volume of safflower seed production was Kazakhstan (X tons), accounting for X% of total volume. Moreover, safflower seed production in Kazakhstan exceeded the figures recorded by the second-largest producer, Kyrgyzstan (X tons), more than tenfold. Uzbekistan (X tons) ranked third in terms of total production with a X% share.

From 2012 to 2022, the average annual growth rate of volume in Kazakhstan amounted to X%. In the other countries, the average annual rates were as follows: Kyrgyzstan (X% per year) and Uzbekistan (X% per year).

In 2022, the average safflower seed yield in Central Asia declined slightly to X kg per ha, dropping by X% against the year before. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the safflower seed yield reached the maximum level at X kg per ha in 2019; however, from 2020 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, approx. X ha of safflower seed were harvested in Central Asia; growing by X% on 2021. The harvested area increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2017 when the harvested area increased by X% against the previous year. The level of harvested area peaked at X ha in 2020; however, from 2021 to 2022, the harvested area failed to regain momentum.

Safflower Seed Exports

Exports in Central Asia

In 2022, approx. X tons of safflower seed were exported in Central Asia; jumping by X% against 2021. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, safflower seed exports rose markedly to $X in 2022. Over the period under review, exports saw a significant increase. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

Exports by Country

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

Kazakhstan was also the fastest-growing in terms of the safflower seed exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) also remains the largest safflower seed supplier in Central Asia.

In Kazakhstan, 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 Central Asia stood at $X per ton in 2022, shrinking by X% against the previous year. Export price indicated a tangible expansion from 2012 to 2022: its price 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, safflower seed export price increased by X% against 2018 indices. The pace of growth was the most pronounced in 2019 when the export price increased by X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2021, and then declined sharply in the following year.

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

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

Safflower Seed Imports

Imports in Central Asia

For the third year in a row, Central Asia recorded growth in supplies from abroad of safflower seed, which increased by X% to X tons in 2022. In general, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, safflower seed imports soared to $X in 2022. Over the period under review, imports saw a significant increase. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

Kyrgyzstan dominates imports structure, resulting at X tons, which was approx. X% of total imports in 2022. It was distantly followed by Uzbekistan (X tons), comprising a X% share of total imports. Kazakhstan (X tons) and Tajikistan (X tons) followed a long way behind the leaders.

Kyrgyzstan was also the fastest-growing in terms of the safflower seed imports, with a CAGR of X% from 2012 to 2022. At the same time, Kazakhstan (X%), Uzbekistan (X%) and Tajikistan (X%) displayed positive paces of growth. While the share of Kyrgyzstan (X p.p.) and Uzbekistan (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Kazakhstan (X p.p.) and Tajikistan (X p.p.) displayed negative dynamics.

In value terms, Kyrgyzstan ($X) constitutes the largest market for imported safflower seed in Central Asia, comprising X% of total imports. The second position in the ranking was held by Kazakhstan ($X), with a X% share of total imports. It was followed by Uzbekistan, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Kyrgyzstan stood at X%. In the other countries, the average annual rates were as follows: Kazakhstan (X% per year) and Uzbekistan (X% per year).

Import Prices by Country

In 2022, the import price in Central Asia amounted to $X per ton, dropping by X% against the previous year. In general, the import price showed a abrupt decline. The most prominent rate of growth was recorded in 2019 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kazakhstan ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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