Northern America: Market for Rape Or Colza Seed 2024

Market Size for Rape Or Colza Seed in Northern America

In 2022, after three years of decline, there was significant growth in the North American rape and colza seed market, when its value increased by 56% to $X. The total consumption indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Rape Or Colza Seed in Northern America

In value terms, rape and colza seed production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the production volume increased by 25% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Canada (X tons) remains the largest rape and colza seed producing country in Northern America, accounting for 92% of total volume. Moreover, rape and colza seed production in Canada exceeded the figures recorded by the second-largest producer, the United States (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume in Canada amounted to +1.8%.

The average rape and colza seed yield soared to X tons per ha in 2022, with an increase of 25% compared with 2021 figures. The yield figure increased at an average annual rate of +2.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when the yield increased by 43% against the previous year. Over the period under review, the rape and colza seed yield reached the peak level at X tons per ha in 2016; however, from 2017 to 2022, the 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.

In 2022, the total area harvested in terms of rape or colza seed production in Northern America contracted slightly to X ha, waning by -3.8% compared with 2021. In general, the harvested area showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the harvested area increased by 13%. As a result, the harvested area attained the peak level of X ha. From 2018 to 2022, the growth of the rape and colza seed harvested area remained at a somewhat lower figure.

Exports of Rape Or Colza Seed

Exports in Northern America

In 2022, rape and colza seed exports in Northern America plummeted to X tons, waning by -31.5% on 2021. In general, exports continue to indicate a perceptible downturn. The pace of growth was the most pronounced in 2020 with an increase of 40% against the previous year. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, rape and colza seed exports fell to $X in 2022. Over the period under review, exports saw a mild decrease. The most prominent rate of growth was recorded in 2020 with an increase of 43% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Canada dominates exports structure, resulting at X tons, which was near 98% of total exports in 2022. The United States (X tons) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to rape and colza seed exports from Canada stood at -3.8%. The United States (-3.7%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Canada ($X) remains the largest rape and colza seed supplier in Northern America, comprising 98% of total exports. The second position in the ranking was held by the United States ($X), with a 2.3% share of total exports.

In Canada, rape and colza seed exports declined by an average annual rate of -1.7% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per ton, growing by 27% against the previous year. Export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +2.1% 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 +96.2% against 2019 indices. The growth pace was the most rapid in 2021 when the export price increased by 52% against the previous year. Over the period under review, the export prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the United States amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+2.2%).

Imports of Rape Or Colza Seed

Imports in Northern America

Rape and colza seed imports surged to X tons in 2022, jumping by 29% on the year before. Total imports indicated a measured expansion from 2012 to 2022: its volume increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when imports increased by 59%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, rape and colza seed imports surged to $X in 2022. Total imports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.1% against 2020 indices. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

The United States was the main importer of rape or colza seed in Northern America, with the volume of imports recording X tons, which was approx. 83% of total imports in 2022. It was distantly followed by Canada (X tons), comprising a 17% share of total imports.

The United States was also the fastest-growing in terms of the rape or colza seed imports, with a CAGR of +3.8% from 2012 to 2022. Canada experienced a relatively flat trend pattern. The United States (+5.8 p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by -5.8% from 2012 to 2022, respectively.

In value terms, the United States ($X) constitutes the largest market for imported rape or colza seed in Northern America, comprising 77% of total imports. The second position in the ranking was held by Canada ($X), with a 23% share of total imports.

In the United States, rape and colza seed imports expanded at an average annual rate of +3.8% over the period from 2012-2022.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2022, growing by 14% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 24% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (-1.7%).

Source: IndexBox Platform

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