Australia and Oceania: Market for Rape Or Colza Seed 2024

Market Size for Rape Or Colza Seed in Australia and Oceania

The rape and colza seed market in Australia and Oceania dropped to $X in 2022, remaining relatively unchanged against the previous year. In general, consumption, however, recorded a slight slump. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Rape Or Colza Seed in Australia and Oceania

In value terms, rape and colza seed production stood at $X in 2022 estimated in export price. Over the period under review, production, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2017 with an increase of 70%. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Australia (X tons) remains the largest rape and colza seed producing country in Australia and Oceania, comprising approx. 99.9% of total volume.

In Australia, rape and colza seed production expanded at an average annual rate of +8.2% over the period from 2012-2022.

The average rape and colza seed yield skyrocketed to X tons per ha in 2022, growing by 77% against the previous year's figure. Over the period under review, the yield showed resilient growth. As a result, the yield attained the peak level and is likely to continue growth in the immediate term. 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 rape or colza seed were harvested in Australia and Oceania; reducing by -11.1% on 2021. In general, the harvested area continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 33%. As a result, the harvested area reached the peak level of X ha. From 2014 to 2022, the growth of the rape and colza seed harvested area remained at a lower figure.

Exports of Rape Or Colza Seed

Exports in Australia and Oceania

In 2022, overseas shipments of rape or colza seed increased by 71% to X tons, rising for the third year in a row after two years of decline. Over the period under review, exports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of 125% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, rape and colza seed exports skyrocketed to $X in 2022. In general, exports saw a remarkable increase. The pace of growth was the most pronounced in 2021 with an increase of 181% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the near future.

Exports by Country

Australia (X tons) represented roughly 100% of total exports in 2022.

Australia was also the fastest-growing in terms of the rape or colza seed exports, with a CAGR of +9.2% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) also remains the largest rape and colza seed supplier in Australia and Oceania.

In Australia, rape and colza seed exports expanded at an average annual rate of +12.2% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, picking up by 32% against the previous year. Export price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +2.8% 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 export price increased by +73.0% against 2017 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Australia.

From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to +2.8% per year.

Imports of Rape Or Colza Seed

Imports in Australia and Oceania

Rape and colza seed imports skyrocketed to X tons in 2022, rising by 118% compared with the previous year's figure. Over the period under review, imports enjoyed a significant increase. The pace of growth appeared the most rapid in 2015 with an increase of 120% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, rape and colza seed imports soared to $X in 2022. Overall, imports saw strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

New Zealand was the key importer of rape or colza seed in Australia and Oceania, with the volume of imports resulting at X tons, which was approx. 85% of total imports in 2022. It was distantly followed by Australia (X tons), committing a 15% share of total imports.

New Zealand was also the fastest-growing in terms of the rape or colza seed imports, with a CAGR of +99.6% from 2012 to 2022. At the same time, Australia (+13.5%) displayed positive paces of growth. While the share of New Zealand (+83 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Australia (-83.3 p.p.) displayed negative dynamics.

In value terms, Australia ($X) constitutes the largest market for imported rape or colza seed in Australia and Oceania, comprising 70% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 30% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia amounted to +15.4%.

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, increasing by 12% against the previous year. Overall, the import price, however, showed a deep reduction. The most prominent rate of growth was recorded in 2020 an increase of 60%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+1.8%).

Source: IndexBox Platform

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