Iran: Market for Rape Or Colza Seed 2024

Market Size for Rape Or Colza Seed in Iran

The Iranian rape and colza seed market contracted slightly to $X in 2022, declining by -1.8% against the previous year. Over the period under review, consumption saw buoyant growth. Rape and colza seed consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Rape Or Colza Seed in Iran

In value terms, rape and colza seed production reduced to $X in 2022 estimated in export price. In general, production saw buoyant growth. The most prominent rate of growth was recorded in 2015 when the production volume increased by 100% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

In 2022, the average rape and colza seed yield in Iran stood at X tons per ha, leveling off at 2021 figures. Over the period under review, the yield saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the yield increased by 11%. As a result, the yield attained the peak level of X tons per ha. From 2018 to 2022, the growth of the average rape and colza seed yield failed to regain momentum. 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 Iran was estimated at X ha in 2022, rising by 5.2% against the previous year. In general, the harvested area posted a measured expansion. The pace of growth appeared the most rapid in 2015 with an increase of 31%. The rape and colza seed harvested area peaked at X ha in 2018; however, from 2019 to 2022, the harvested area stood at a somewhat lower figure.

Exports of Rape Or Colza Seed

Exports from Iran

In 2021, overseas shipments of rape or colza seed increased by 52% to X kg, rising for the second year in a row after four years of decline. Over the period under review, exports, however, recorded a sharp curtailment. Over the period under review, the exports reached the maximum at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, rape and colza seed exports surged to $X in 2021. Overall, exports, however, saw a abrupt slump. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Bahrain (X kg) was the main destination for rape and colza seed exports from Iran, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Bahrain was relatively modest.

In value terms, Bahrain ($X) emerged as the key foreign market for rape or colza seed exports from Iran.

From 2012 to 2021, the average annual rate of growth in terms of value to Bahrain was relatively modest.

Export Prices by Country

In 2021, the average rape and colza seed export price amounted to $X per ton, rising by 77% against the previous year. In general, the export price recorded a significant expansion. As a result, the export price reached 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 Bahrain.

From 2012 to 2021, the rate of growth in terms of prices for Afghanistan amounted to +23.9% per year.

Imports of Rape Or Colza Seed

Imports into Iran

In 2022, supplies from abroad of rape or colza seed increased by 20% to X tons, rising for the second year in a row after three years of decline. Overall, imports, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2016 with an increase of 907%. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, rape and colza seed imports fell remarkably to $X in 2022. In general, imports continue to indicate a modest expansion. The pace of growth was the most pronounced in 2016 with an increase of 729%. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Kazakhstan (X tons) constituted the largest rape and colza seed supplier to Iran, accounting for a 84% share of total imports. Moreover, rape and colza seed imports from Kazakhstan exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), sevenfold.

From 2012 to 2022, the average annual growth rate of volume from Kazakhstan totaled +15.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+26.8% per year) and Germany (+34.1% per year).

In value terms, the largest rape and colza seed suppliers to Iran were Kazakhstan ($X), Germany ($X) and the United Arab Emirates ($X), with a combined 94% share of total imports.

Germany, with a CAGR of +33.1%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average rape and colza seed import price stood at $X per ton in 2022, declining by -37.6% against the previous year. Over the period under review, the import price, however, recorded a resilient increase. The growth pace was the most rapid in 2019 when the average import price increased by 56% against the previous year. The import price peaked at $X per ton in 2021, and then fell remarkably in the following year.

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 Germany ($X per ton), while the price for Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+202.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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