CIS: Safflower Seed Market 2024

Safflower Seed Market Size in CIS

The CIS safflower seed market surged to $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption enjoyed prominent growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Safflower Seed Production in CIS

In value terms, safflower seed production expanded notably to $X in 2022 estimated in export price. Over the period under review, production enjoyed buoyant growth. The pace of growth appeared the most rapid in 2013 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were Russia (X tons), Kazakhstan (X tons) and Kyrgyzstan (X tons), with a combined X% share of total production.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

The average safflower seed yield soared to X tons per ha in 2022, growing by X% on the year before. The yield indicated a buoyant increase from 2012 to 2022: its figure 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 yield increased by X% against 2020 indices. As a result, the yield attained the peak level and is likely to continue growth in the immediate term. 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 the CIS; growing by X% on 2021. The total harvested area indicated a notable expansion from 2012 to 2022: its figure 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 harvested area decreased by X% against 2020 indices. The growth pace was the most rapid in 2016 when the harvested area increased by X% against the previous year. As a result, the harvested area attained the peak level of X ha. From 2017 to 2022, the growth of the safflower seed harvested area failed to regain momentum.

Safflower Seed Exports

Exports in CIS

In 2022, overseas shipments of safflower seed increased by X% to X tons, rising for the third consecutive year after three years of decline. Overall, 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 see steady growth in years to come.

In value terms, safflower seed exports soared to $X in 2022. In general, exports showed significant growth. The pace of growth was the most pronounced in 2013 when exports increased by X%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Russia was the main exporting country with an export of about X tons, which recorded X% of total exports. It was distantly followed by Kazakhstan (X tons), comprising a X% share of total exports.

Russia was also the fastest-growing in terms of the safflower seed exports, with a CAGR of X% from 2012 to 2022. At the same time, Kazakhstan (X%) displayed positive paces of growth. Russia (X p.p.) significantly strengthened its position in terms of the total exports, while Kazakhstan saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Russia ($X) remains the largest safflower seed supplier in the CIS, comprising X% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with a X% share of total exports.

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

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the export price continues to indicate a pronounced setback. The pace of growth was the most pronounced in 2019 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2021, and then declined dramatically in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while Russia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (X%).

Safflower Seed Imports

Imports in CIS

For the third year in a row, the CIS recorded growth in purchases abroad of safflower seed, which increased by X% to X tons in 2022. Overall, imports enjoyed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, safflower seed imports skyrocketed to $X in 2022. In general, imports saw a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

Imports by Country

Kyrgyzstan prevails in imports structure, finishing at X tons, which was approx. X% of total imports in 2022. It was distantly followed by Uzbekistan (X tons), creating a X% share of total imports. Kazakhstan (X tons) and Tajikistan (X tons) held a little share of total imports.

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. Kyrgyzstan (X p.p.) and Uzbekistan (X p.p.) significantly strengthened its position in terms of the total imports, while Kazakhstan and Tajikistan saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Kyrgyzstan ($X) constitutes the largest market for imported safflower seed in the CIS, comprising X% of total imports. The second position in the ranking was held by Kazakhstan ($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 totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (X% per year) and Uzbekistan (X% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2022, with a decrease of X% against the previous year. Overall, the import price recorded a abrupt decline. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. 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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