Latin America and the Caribbean: Market for Rape Or Colza Seed 2025

Market Size for Rape Or Colza Seed in Latin America and the Caribbean

After two years of growth, the Latin American rape and colza seed market decreased by -0.6% to $X in 2022. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Production of Rape Or Colza Seed in Latin America and the Caribbean

In value terms, rape and colza seed production stood at $X in 2022 estimated in export price. In general, production, however, saw a perceptible contraction. The most prominent rate of growth was recorded in 2015 with an increase of 54% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Uruguay (X tons) constituted the country with the largest volume of rape and colza seed production, accounting for 53% of total volume. Moreover, rape and colza seed production in Uruguay exceeded the figures recorded by the second-largest producer, Chile (X tons), twofold. The third position in this ranking was taken by Paraguay (X tons), with a 10% share.

From 2012 to 2022, the average annual growth rate of volume in Uruguay totaled +28.1%. The remaining producing countries recorded the following average annual rates of production growth: Chile (+2.6% per year) and Paraguay (-5.3% per year).

In 2022, the average yield of rape or colza seed in Latin America and the Caribbean soared to X tons per ha, with an increase of 51% on the previous year's figure. The yield figure increased at an average annual rate of +2.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the yield reached 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 Latin America and the Caribbean; declining by -7.6% against the year before. The harvested area increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of 20% against the previous year. As a result, the harvested area reached the peak level of X ha. From 2016 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 Latin America and the Caribbean

In 2022, the amount of rape or colza seed exported in Latin America and the Caribbean surged to X tons, jumping by 78% against the year before. Over the period under review, exports saw a buoyant increase. The pace of growth was the most pronounced in 2019 with an increase of 168%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, rape and colza seed exports skyrocketed to $X in 2022. Overall, exports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 116% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

Uruguay prevails in exports structure, recording X tons, which was approx. 89% of total exports in 2022. It was distantly followed by Argentina (X tons), achieving an 8.2% share of total exports. Chile (X tons) held a minor share of total exports.

Uruguay was also the fastest-growing in terms of the rape or colza seed exports, with a CAGR of +78.6% from 2012 to 2022. Chile (-2.2%) and Argentina (-8.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Uruguay increased by +88 percentage points.

In value terms, Uruguay ($X) remains the largest rape and colza seed supplier in Latin America and the Caribbean, comprising 80% of total exports. The second position in the ranking was held by Chile ($X), with a 9.9% share of total exports.

In Uruguay, rape and colza seed exports expanded at an average annual rate of +76.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Chile (+1.5% per year) and Argentina (-5.7% per year).

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, picking up by 19% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 49% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the export prices remained at a lower figure.

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 Chile ($X per ton), while Uruguay ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+3.8%), while the other leaders experienced mixed trends in the export price figures.

Imports of Rape Or Colza Seed

Imports in Latin America and the Caribbean

In 2022, supplies from abroad of rape or colza seed decreased by -10.4% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports showed a perceptible downturn. The growth pace was the most rapid in 2020 with an increase of 27,592%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, rape and colza seed imports reached $X in 2022. In general, imports continue to indicate a perceptible setback. The pace of growth appeared the most rapid in 2020 with an increase of 11,767% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

The countries with the highest levels of rape and colza seed imports in 2022 were Mexico (X tons), together reaching 99% of total import.

Mexico was also the fastest-growing in terms of the rape or colza seed imports, with a CAGR of -3.0% from 2012 to 2022. Mexico (+1.6 p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported rape or colza seed in Latin America and the Caribbean.

In Mexico, rape and colza seed imports plunged by an average annual rate of -2.1% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, rising by 13% against the previous year. Over the period under review, the import price continues to indicate slight growth. The pace of growth appeared the most rapid in 2019 an increase of 162%. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Mexico.

From 2012 to 2022, the rate of growth in terms of prices for Mexico amounted to +0.9% per year.

Source: IndexBox Platform

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