Safflower seeds market in Eastern Asia

Earlier Report Observations

The safflower seeds market in Eastern Asia demonstrated significant growth over the period from 2018 to 2023. After a minor contraction to 63.9 thousand tons in 2019, the market volume expanded consistently, reaching 145.7 thousand tons by 2023. This represents a more than doubling in size compared to the 2018 level of 67.2 thousand tons.

The remarkable expansion was almost entirely driven by a surge in imports, which grew from 33.4 thousand tons to 112 thousand tons over the same six-year period. In contrast, domestic production of safflower seeds remained stable, fluctuating within a narrow band around 34 thousand tons annually.

Production safflower seeds in Eastern Asia

In kind, 2017-2020, t

Top producers of safflower seeds, 2017-2020

World map of production of safflower seeds, 2017-2020

In 2020, Eastern Asia produced 33 803 tons of safflower seeds, showing only minor fluctuations compared to 2019. The largest increase occurred in 2018 at 0.6%, while the most significant decline was recorded in 2019 at 0.1%.

Annual dynamics of production in Eastern Asia in kind, 2017-2020, t

Exports safflower seeds from Eastern Asia

Exports in kind, t

Market performance showed noticeable fluctuations during this period. Volumes reached their lowest point in 2017 and peaked in 2019, representing a 48-fold difference. In 2020, cross-border shipments of safflower seeds from Eastern Asia totaled 321 tons, marking a 25.0% decrease from the previous year. The maximum volume was recorded in 2019 at 428 tons, with the largest increase that year reaching 1,365.1%.

Annual dynamics of product's exports from Eastern Asia in kind, 2017-2020, t

From 2017 to 2020, Eastern Asia exported safflower seeds to a diverse range of markets. Kazakhstan accounted for 22.7% of exports in kind, followed by Asia (not elsewhere specified) at 10.4%, and Iran at 7.7%. Together, these three destinations represented 40.7% of total exports in kind, while numerous smaller markets comprised the remaining 59.3%.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Eastern Asia in kind, 2017-2020

Exports in value, K $ US

The market displayed an unstable trend throughout this timeframe. Values hit their lowest point in 2017 and peaked in 2019, showing a 65-fold difference. In 2020, Eastern Asia's safflower seeds export value was recorded at 256 thousand US dollars, representing a 63.4% decrease from the previous year. The maximum value was recorded in 2019 at 701 thousand US dollars, with the largest increase that year reaching 3,657.3%.

Annual dynamics of product's exports from Eastern Asia in value, 2017-2020, K $ US

From 2017 to 2020, the main destinations for Eastern Asia's safflower seeds exports in value terms were the United Arab Emirates (23.3%), Iran (22.8%), and Kazakhstan (14.5%). Together, these three markets accounted for 60.7% of total export flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Eastern Asia in value, 2017-2020

Imports safflower seeds to Eastern Asia

Imports in kind, t

After two consecutive years of decline, Eastern Asia's safflower seeds imports increased in 2020. Imports totaled 36 814 tons, representing a robust 20.3% increase compared to 2019. Over the 2017-2020 period, imports decreased by 4.8%, with a compound annual growth rate of 1.6%. The minimum volume was recorded in 2019 at 30 592 tons, while the largest decline occurred in 2018 at 13.7%.

Annual dynamics of product's imports to Eastern Asia in kind, 2017-2020, t

From 2017 to 2020, Kazakhstan clearly dominated as the supplier of safflower seeds to Eastern Asia, accounting for 96.6% of total imports in kind.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Eastern Asia in kind, 2017-2020

Imports in value, K $ US

Eastern Asia's safflower seeds imports increased for the second consecutive year in 2020. Imports stood at 11 532 thousand US dollars, up by 27.0% compared to 2019. Over the 2017-2020 period, imports increased by 12.2%, with a compound annual growth rate of 3.9%. The minimum value was recorded in 2018 at 7 795 thousand US dollars, with the largest decline that year reaching 24.1%.

Annual dynamics of product's imports to Eastern Asia in value, 2017-2020, K $ US

From 2017 to 2020, safflower seeds imports to Eastern Asia came primarily from Kazakhstan, which accounted for 92.8% of total imports in value terms.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Eastern Asia in value, 2017-2020