Safflower Seed Market in the United States
In value terms, safflower seed production soared to $ in . Over the period under review, production, however, continues to indicate a slight decline. The pace of growth was the most pronounced in 2018 with an increase of %. As a result, production attained the peak level of $. From 2019 to , production growth remained at a lower figure.
The average yield of safflower seed in the United States soared to tons per ha in , rising by % on figures. The yield figure increased at an average annual rate of +% over the period from 2012 to ; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2018 with an increase of %. As a result, the yield attained the peak level of tons per ha. From 2019 to , the growth of the average safflower seed yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
The safflower seed harvested area in the United States reduced slightly to ha in , shrinking by -% against the previous year's figure. Overall, the harvested area recorded a pronounced reduction. The most prominent rate of growth was recorded in 2018 when the harvested area increased by % against the previous year. Over the period under review, the harvested area dedicated to safflower seed production reached the maximum at ha in 2013; however, from 2014 to , the harvested area stood at a somewhat lower figure.
The revenue of the safflower seed market in the United States soared to $ in , growing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, recorded a slight decline. As a result, consumption attained the peak level of $. From 2019 to , the growth of the market remained at a lower figure.