The United States leads global safflower oil production with a significant share, followed by Kazakhstan and Argentina. In 2023, the U.S. saw a minor decrease of 1.55%, while Kazakhstan experienced a growth of 2.33%. Argentina's production fell by 3.32%, and a notable decline was observed in Mexico, down by 14.82%. Spain and Ethiopia had modest gains, whereas India witnessed a massive reduction of 45.34%. The other countries showed varied trends, with Italy and Israel reporting increases of 5.54% and 11.73%, respectively. The 5-year CAGR suggests steady but slow changes in global production distributions.
Future trends to watch include the potential resurgence in India due to improved agricultural practices and international investments. The United States might face continued challenges from climatic conditions affecting yield. Growth in Kazakhstan and Spain could increase their shares, with innovations in production techniques and favorable trade deals potentially expanding their global market presence.
Top countries in Safflower Oil Production Share by Country (Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 45.64 | 2023 | -0.14% | -1.55% | View data |
| 2 | 2 Kazakhstan | 16.14 | 2023 | +4.54% | +2.33% | View data |
| 3 | 3 Argentina | 10.89 | 2023 | -2.55% | -3.32% | View data |
| 4 | 4 Mexico | 7.39 | 2023 | -21.87% | -14.82% | View data |
| 5 | 5 Spain | 5.88 | 2023 | +5.38% | +1.84% | View data |
| 6 | 6 Ethiopia | 2.23 | 2023 | +1.58% | +1.32% | View data |
| 7 | 7 Netherlands | 1.27 | 2023 | +3.96% | -1.2% | View data |
| 8 | 8 India | 0.95 | 2023 | -79.97% | -45.34% | View data |
| 9 | 9 Australia | 0.77 | 2023 | -7.2% | -6.13% | View data |
| 10 | 10 Portugal | 0.51 | 2023 | +1.65% | +1.01% | View data |
