Australia: Market for Rape Or Colza Seed 2024

Market Size for Rape Or Colza Seed in Australia

The Australian rape and colza seed market contracted to $X in 2022, which is down by -5.6% against the previous year. Overall, consumption, however, showed a perceptible shrinkage. Over the period under review, the market attained the peak 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

In value terms, rape and colza seed production stood at $X in 2022 estimated in export price. Overall, production, however, continues to indicate a deep slump. The pace of growth was the most pronounced in 2017 with an increase of 70%. Rape and colza seed production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

The average yield of rape or colza seed in Australia skyrocketed to X tons per ha in 2022, rising by 19% against the previous year. In general, the yield indicated measured growth from 2012 to 2022: its figure increased at an average annual rate of +4.5% 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 yield increased by +93.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 61%. The rape and colza seed yield peaked in 2022 and is likely to see gradual 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.

The rape and colza seed harvested area in Australia declined to X ha in 2022, falling by -11.1% compared with the previous year's figure. Over the period under review, the harvested area recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the harvested area increased by 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 from Australia

In 2022, shipments abroad of rape or colza seed increased by 71% to X tons, rising for the third year in a row after two years of decline. Overall, exports showed a resilient increase. The most prominent rate of growth was recorded in 2021 when exports increased by 126%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, rape and colza seed exports surged to $X in 2022. Over the period under review, exports showed a strong expansion. The growth pace was the most rapid in 2021 when exports increased by 183%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

Belgium (X tons), Germany (X tons) and France (X tons) were the main destinations of rape and colza seed exports from Australia, with a combined 55% share of total exports.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +250.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for rape and colza seed exported from Australia were Germany ($X), Belgium ($X) and France ($X), with a combined 54% share of total exports.

In terms of the main countries of destination, France, with a CAGR of +255.5%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average rape and colza seed export price amounted to $X per ton, surging by 32% against the previous year. Overall, export price indicated a pronounced expansion 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 +73.2% against 2017 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rape Or Colza Seed

Imports into Australia

In 2022, approx. X tons of rape or colza seed were imported into Australia; jumping by 109% compared with 2021. In general, imports saw strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

Imports by Country

In 2022, the United States (X tons) constituted the largest rape and colza seed supplier to Australia, accounting for a 61% share of total imports. Moreover, rape and colza seed imports from the United States exceeded the figures recorded by the second-largest supplier, Chile (X tons), fourfold. The third position in this ranking was taken by New Zealand (X tons), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from the United States totaled +21.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (+20.0% per year) and New Zealand (+0.3% per year).

In value terms, the United States ($X) constituted the largest supplier of rape or colza seed to Australia, comprising 57% of total imports. The second position in the ranking was held by Chile ($X), with a 15% share of total imports. It was followed by Germany, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from the United States totaled +21.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (+20.1% per year) and Germany (+53.5% per year).

Import Prices by Country

In 2022, the average rape and colza seed import price amounted to $X per ton, with an increase of 29% against the previous year. Overall, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 an increase of 49%. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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