Kazakhstan: Safflower Seed Market 2024

Safflower Seed Market Size in Kazakhstan

In 2022, the Kazakh safflower seed market decreased by X% to $X, falling for the second year in a row after two years of growth. In general, the total consumption indicated notable growth from 2012 to 2022: its value 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, consumption decreased by X% against 2020 indices. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Safflower Seed Production in Kazakhstan

In value terms, safflower seed production expanded rapidly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a prominent increase from 2012 to 2022: its value 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, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

The average yield of safflower seed in Kazakhstan fell to X kg per ha in 2022, stabilizing at 2021 figures. 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 throughout the analyzed period. The growth pace was the most rapid in 2013 when the yield increased by X% against the previous year. The safflower seed yield peaked at X kg per ha in 2018; however, from 2019 to 2022, the 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, approx. X ha of safflower seed were harvested in Kazakhstan; increasing by X% compared with the year before. The harvested area increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the harvested area dedicated to safflower seed production reached the maximum at X ha in 2020; however, from 2021 to 2022, the harvested area stood at a somewhat lower figure.

Safflower Seed Exports

Exports from Kazakhstan

For the third consecutive year, Kazakhstan recorded growth in shipments abroad of safflower seed, which increased by X% to X tons in 2022. Over the period under review, exports enjoyed a significant expansion. 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 exports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, safflower seed exports rose significantly to $X in 2022. In general, exports saw significant growth. 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 exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

China (X tons) was the main destination for safflower seed exports from Kazakhstan, with a X% share of total exports. Moreover, safflower seed exports to China exceeded the volume sent to the second major destination, Tajikistan (X tons), threefold. The third position in this ranking was taken by Uzbekistan (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tajikistan (X% per year) and Uzbekistan (X% per year).

In value terms, China ($X) remains the key foreign market for safflower seed exports from Kazakhstan, comprising X% of total exports. The second position in the ranking was held by Tajikistan ($X), with an X% share of total exports. It was followed by Uzbekistan, with a X% share.

From 2012 to 2022, the average annual growth rate of value to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tajikistan (X% per year) and Uzbekistan (X% per year).

Export Prices by Country

The average safflower seed export price stood at $X per ton in 2022, declining by X% against the previous year. In general, export price indicated noticeable growth 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 an increase of X%. The export price peaked at $X per ton in 2021, and then plummeted in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Afghanistan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Safflower Seed Imports

Imports into Kazakhstan

In 2022, the amount of safflower seed imported into Kazakhstan soared to X tons, jumping by X% against the year before. Over the period under review, imports recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, safflower seed imports surged to $X in 2022. Overall, imports showed significant growth. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Russia (X tons) was the main supplier of safflower seed to Kazakhstan, with a X% share of total imports. It was followed by Iran (X tons), with less than X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Russia totaled X%.

In value terms, Russia ($X) constituted the largest supplier of safflower seed to Kazakhstan, comprising X% of total imports. The second position in the ranking was held by Iran ($X), with less than X% share of total imports.

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

Import Prices by Country

In 2022, the average safflower seed import price amounted to $X per ton, with a decrease of X% against the previous year. Overall, the import price, however, saw a buoyant increase. The pace of growth was the most pronounced in 2021 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton, and then declined remarkably in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Russia ($X per ton), while the price for Iran amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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