Asia: Market for Rape Or Colza Seed 2024

Market Size for Rape Or Colza Seed in Asia

In 2022, after two years of growth, there was significant decline in the Asian rape and colza seed market, when its value decreased by -5.2% to $X. Over the period under review, consumption, however, recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Production of Rape Or Colza Seed in Asia

In value terms, rape and colza seed production fell to $X in 2022 estimated in export price. In general, production, however, enjoyed a prominent expansion. The pace of growth was the most pronounced in 2015 with an increase of 124% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were China (X tons) and India (X tons).

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by India (with a CAGR of +3.9%).

In 2022, the average yield of rape or colza seed in Asia fell slightly to X tons per ha, therefore, remained relatively stable against the previous year. The yield figure increased at an average annual rate of +1.2% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when the yield increased by 4.2%. Over the period under review, the rape and colza seed yield attained the peak level at X tons per ha in 2019; however, from 2020 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, the rape and colza seed harvested area in Asia contracted slightly to X ha, dropping by -2.2% against 2021 figures. In general, the harvested area, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the harvested area increased by 5.5% against the previous year. Over the period under review, the harvested area dedicated to rape and colza seed production attained the maximum at X ha in 2021, and then contracted modestly in the following year.

Exports of Rape Or Colza Seed

Exports in Asia

In 2022, overseas shipments of rape or colza seed decreased by -5.8% to X tons, falling for the fourth year in a row after two years of growth. Overall, exports recorded a noticeable shrinkage. The pace of growth was the most pronounced in 2014 with an increase of 180% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, rape and colza seed exports fell to $X in 2022. Over the period under review, exports continue to indicate a perceptible slump. The most prominent rate of growth was recorded in 2014 when exports increased by 187%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Kazakhstan (X tons) was the largest exporter of rape or colza seed, committing 70% of total exports. Mongolia (X tons) ranks second in terms of the total exports with a 20% share, followed by Turkey (7.7%).

From 2012 to 2022, average annual rates of growth with regard to rape and colza seed exports from Kazakhstan stood at -4.1%. At the same time, Turkey (+7.9%) and Mongolia (+7.0%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in Asia, with a CAGR of +7.9% from 2012-2022. While the share of Mongolia (+13 p.p.) and Turkey (+5.1 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Kazakhstan (-7.9 p.p.) displayed negative dynamics.

In value terms, Kazakhstan ($X) remains the largest rape and colza seed supplier in Asia, comprising 77% of total exports. The second position in the ranking was taken by Mongolia ($X), with an 11% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Kazakhstan stood at -2.8%. In the other countries, the average annual rates were as follows: Mongolia (+7.3% per year) and Turkey (+7.4% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, reducing by -6.1% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 19%. As a result, the export price reached the peak level of $X per ton, and then declined in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while Mongolia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+1.4%), while the other leaders experienced mixed trends in the export price figures.

Imports of Rape Or Colza Seed

Imports in Asia

In 2022, the amount of rape or colza seed imported in Asia contracted dramatically to X tons, declining by -17.7% against 2021. Overall, imports continue to indicate a slight slump. The pace of growth appeared the most rapid in 2014 when imports increased by 29% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, rape and colza seed imports shrank modestly to $X in 2022. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 36%. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Japan (X tons) and China (X tons) represented the largest importers of rape or colza seed in 2022, reaching approx. 34% and 32% of total imports, respectively. The United Arab Emirates (X tons) ranks next in terms of the total imports with an 18% share, followed by Bangladesh (7.1%). Pakistan (X tons) and Nepal (X tons) held a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Nepal (with a CAGR of +13.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest rape and colza seed importing markets in Asia were Japan ($X), China ($X) and the United Arab Emirates ($X), with a combined 87% share of total imports. Bangladesh, Pakistan and Nepal lagged somewhat behind, together accounting for a further 10%.

Among the main importing countries, Nepal, with a CAGR of +12.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, surging by 20% against the previous year. Import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, rape and colza seed import price increased by +77.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of 48% against the previous year. Over the period under review, import prices reached the peak figure in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+2.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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