Argentina: Safflower Seed Market 2024

Safflower Seed Market Size in Argentina

The Argentinian safflower seed market declined slightly to $X in 2022, standing approx. at the previous year. Overall, consumption continues to indicate a abrupt curtailment. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Safflower Seed Production in Argentina

In value terms, safflower seed production shrank to $X in 2022 estimated in export price. In general, production showed a deep setback. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

The average yield of safflower seed in Argentina contracted slightly to X kg per ha in 2022, therefore, remained relatively stable against the previous year. In general, the yield indicated a noticeable 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 decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the average safflower seed yield attained the peak 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, the total area harvested in terms of safflower seed production in Argentina dropped to X ha, almost unchanged from 2021 figures. Over the period under review, the harvested area showed a abrupt descent. The pace of growth appeared the most rapid in 2016 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to safflower seed production attained the peak figure at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

Safflower Seed Exports

Exports from Argentina

In 2016, overseas shipments of safflower seed decreased by X% to X tons for the first time since 2012, thus ending a three-year declining trend. Over the period under review, exports continue to indicate a dramatic setback. The smallest decline of X% was in 2013. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2016, the exports stood at a somewhat lower figure.

In value terms, safflower seed exports amounted to $X in 2016. In general, exports showed a significant curtailment. The smallest decline of X% was in 2013. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2016, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for safflower seed exports from Argentina, with a X% share of total exports. Moreover, safflower seed exports to Germany exceeded the volume sent to the second major destination, the Philippines (X tons), fivefold. The third position in this ranking was taken by the United Arab Emirates (X tons), with a X% share.

From 2012 to 2016, the average annual growth rate of volume to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (X% per year) and the United Arab Emirates (X% per year).

It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2016, the average annual rate of growth in terms of value to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

The average safflower seed export price stood at $X per ton in 2016, remaining constant against the previous year. Over the period under review, the export price recorded a buoyant increase. The pace of growth appeared the most rapid in 2013 an increase of X%. The export price peaked in 2016 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2016, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (X%).

Safflower Seed Imports

Imports into Argentina

Safflower seed imports into Argentina was estimated at X kg in 2022, standing approx. at 2021. In general, imports showed a dramatic curtailment. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, safflower seed imports amounted to $X in 2022. Overall, imports saw a precipitous descent. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, the United States (X kg) was the main supplier of safflower seed to Argentina, with a approx. X% share of total imports.

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

In value terms, the United States ($X) constituted the largest supplier of safflower seed to Argentina.

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

Import Prices by Country

In 2022, the average safflower seed import price amounted to $X per ton, therefore, remained relatively stable against the previous year. Overall, the import price saw a strong expansion. The growth pace was the most rapid in 2013 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in years to come.

As there is only one major supplying country, the average price level is determined by prices for the United States.

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

Source: IndexBox Platform

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