Northern America: Safflower Seed Market 2024

Safflower Seed Market Size in Northern America

In 2022, the North American safflower seed market increased by X% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Safflower Seed Production in Northern America

In value terms, safflower seed production contracted to $X in 2022 estimated in export price. Overall, production continues to indicate a mild descent. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

The United States (X tons) constituted the country with the largest volume of safflower seed production, accounting for X% of total volume.

From 2012 to 2022, the average annual growth rate of volume in the United States was relatively modest.

In 2022, the average yield of safflower seed in Northern America contracted to X tons per ha, shrinking by X% 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 somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2018 with an increase of X%. As a result, the yield attained the peak level of X tons per ha. From 2019 to 2022, the growth of the safflower seed 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 total area harvested in terms of safflower seed production in Northern America reduced modestly to X ha, falling by X% compared with the year before. Over the period under review, the harvested area continues to indicate a slight slump. The most prominent rate of growth was recorded in 2021 when the harvested area increased by X% against the previous year. The level of harvested area peaked at X ha in 2013; however, from 2014 to 2022, the harvested area stood at a somewhat lower figure.

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Safflower Seed Exports

Exports in Northern America

In 2022, overseas shipments of safflower seed decreased by X% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, exports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, safflower seed exports shrank to $X in 2022. In general, exports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

The United States represented the key exporter of safflower seed in Northern America, with the volume of exports reaching X tons, which was near X% of total exports in 2022. It was distantly followed by Canada (X tons), comprising a X% share of total exports.

The United States 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, Canada (X%) displayed positive paces of growth. From 2012 to 2022, the share of the United States increased by X percentage points.

In value terms, the United States ($X) and Canada ($X) were the countries with the highest levels of exports in 2022.

Canada, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the United States amounted to $X per ton.

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

Safflower Seed Imports

Imports in Northern America

In 2022, safflower seed imports in Northern America skyrocketed to X tons, picking up by X% compared with the previous year. Overall, imports posted a significant expansion. As a result, imports reached 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 expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the United States (X tons) represented the major importer of safflower seed, creating X% of total imports. It was distantly followed by Canada (X tons), comprising a X% share of total imports.

The United States 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, Canada (X%) displayed positive paces of growth. The United States (X p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the United States ($X) constitutes the largest market for imported safflower seed in Northern America, comprising X% of total imports. The second position in the ranking was held by Canada ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States stood at X%.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States totaled $X per ton.

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

Source: IndexBox Platform

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