Product intelligence · HS 120760 · 2024 data

Oil seeds: safflower (Carthamus tinctorius) seeds, whether or not broken

Global exports of oil seeds: safflower (carthamus tinctorius) seeds, whether or not broken totalled $62,864,766 in 2024, a -49.2% change from the previous year. Traded by 80 countries across 566 bilateral corridors, with demand from 121 importing markets. The long-term trend is declining.

Data: OECD BIMTS · Coverage: 19952024 · Updated: 2026-07-17

Global trade

$62.9M

-49.2% YoY

3Y / 5Y CAGR

-5.3%

5Y: +5.6%

Supply structure

Moderately concentrated

HHI 0.211

Volatility

Low

Score 26/100

1.

Market movement

In 2024, oil seeds: safflower (carthamus tinctorius) seeds, whether or not broken trade exhibited significant decline, with global flows reaching $62,864,766 and a three-year compound annual growth rate of -5.3% (five-year: +5.6%). The all-time peak of $123,804,941 was recorded in 2023; the current level is 49% below that high-water mark.

Over the 30-year observation window (19952024), 66% of years recorded positive growth, indicating a predominantly expanding market. Trend momentum is decelerating (-9.6% acceleration).

The World Trade Flows Characterization classifies oil seeds: safflower (carthamus tinctorius) seeds, whether or not broken as "One-way trade" in the medium price range price segment, providing additional context for market positioning and competitive dynamics.

2.

Supply & demand structure

The supply side is moderately concentrated (Herfindahl-Hirschman Index 0.211). The three largest exporters — Kazakhstan ($22.4M), Russia ($17.9M), and Netherlands ($6.5M) — collectively dominate supply flows. The leading exporter has grown at +1.0% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.100). The three largest import markets are China ($13.7M), Türkiye ($10.7M), and Belgium ($6.0M). The largest importing market sources from 5 different supplying countries.

The dominant trade corridor is Kazakhstan → China at $13.7M, representing 99.7% of the importer's total demand.

3.

Risk profile & trade outlook

The volatility score for oil seeds: safflower (carthamus tinctorius) seeds, whether or not broken is 26 out of 100, classified as low. Trade flows are relatively stable compared to other HS6 products, suggesting mature supply chains and predictable demand.

For market entrants, contracting demand signals caution before committing resources. A moderately concentrated market rewards differentiated positioning and strategic partner selection.

Data confidence is rated "High" based on reporting coverage and consistency across OECD member and partner countries.

Historical evidence

Annual trade value 19952024

Peak: $123,804,941 in 2023. Currently 49% below peak.

YearGlobal trade (USD)YoY growth
2015$56,452,890+37.1%
2016$69,354,920+22.9%
2017$67,485,044-2.7%
2018$41,824,924-38.0%
2019$47,899,695+14.5%
2020$58,198,207+21.5%
2021$74,062,218+27.3%
2022$105,583,598+42.6%
2023$123,804,941+17.3%
2024$62,864,766-49.2%

Top exporting countries

Ranked by export value of oil seeds: safflower (carthamus tinctorius) seeds, whether or not broken in 2024.

View all 80 exporters →

Top importing markets

Largest import destinations for oil seeds: safflower (carthamus tinctorius) seeds, whether or not broken.

View all 121 markets →

Leading trade corridors

Largest bilateral export flows for oil seeds: safflower (carthamus tinctorius) seeds, whether or not broken, ranked by value. Click any country to view its full profile.

#ExporterImporterValue 20243Y CAGR
1KazakhstanChina$13.7M-5.6%
2RussiaTürkiye$9.4M-7.4%
3KazakhstanTürkiye$1.2M-28.4%
4IndiaChina$1.1M+195.1%
5IranTürkiye$169.4K+5.2%
6SyriaTürkiye$77.2K+114.7%
7UkraineTürkiye$48.7K
8EgyptTürkiye$39.4K

Showing top 8 of 10 corridors with available data for 2024.

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Sources, definitions & methodology

Data source

OECD Bilateral International Merchandise Trade Statistics (BIMTS). Aggregated from 312M+ reported trade records across 200+ countries and 5,300+ HS6 product codes. Coverage: 19952024.

Key indicators

HHI (Herfindahl-Hirschman Index): market concentration, 0 = fully diversified, 1 = single player. CAGR: compound annual growth rate over a stated period. Volatility score: trade value variability, 0–100 scale.

How this page is made

All statistical content on this page is data-driven, composed programmatically from live OECD trade records. No generic AI-generated prose is used. Analytical paragraphs combine real data points with factual interpretation. This page was last refreshed on 2026-07-17.