Sweden: Market for Rape Or Colza Seed 2024

Market Size for Rape Or Colza Seed in Sweden

The Swedish rape and colza seed market reduced to $X in 2022, which is down by -2.5% against the previous year. Overall, consumption showed a mild contraction. Rape and colza seed consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Rape Or Colza Seed in Sweden

In value terms, rape and colza seed production expanded slightly to $X in 2022 estimated in export price. In general, production showed a perceptible decline. The most prominent rate of growth was recorded in 2019 when the production volume increased by 26% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

The average yield of rape or colza seed in Sweden totaled X tons per ha in 2022, with an increase of 3.2% against the previous year's figure. The yield figure increased at an average annual rate of +1.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 with an increase of 62% against the previous year. Over the period under review, the average rape and colza seed yield hit record highs at X tons per ha in 2015; however, from 2016 to 2022, the yield remained at a lower figure. 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 Sweden; with a decrease of -3.7% against the previous year. In general, the harvested area recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 23%. The rape and colza seed harvested area peaked at X ha in 2013; however, from 2014 to 2022, the harvested area stood at a somewhat lower figure.

Exports of Rape Or Colza Seed

Exports from Sweden

In 2022, shipments abroad of rape or colza seed increased by 100% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports enjoyed a prominent expansion. The growth pace was the most rapid in 2019 with an increase of 331% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, rape and colza seed exports soared to $X in 2022. Over the period under review, exports recorded buoyant growth. The growth pace was the most rapid in 2019 when exports increased by 265% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Germany (X tons) was the main destination for rape and colza seed exports from Sweden, with a 87% share of total exports. Moreover, rape and colza seed exports to Germany exceeded the volume sent to the second major destination, Belgium (X tons), tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany totaled +31.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+7.1% per year) and Denmark (-19.1% per year).

In value terms, Germany ($X) emerged as the key foreign market for rape or colza seed exports from Sweden, comprising 85% of total exports. The second position in the ranking was held by Belgium ($X), with an 8.8% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany totaled +36.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+18.0% per year) and Denmark (-13.4% per year).

Export Prices by Country

The average rape and colza seed export price stood at $X per ton in 2022, rising by 8.3% against the previous year. Overall, export 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. Based on 2022 figures, rape and colza seed export price increased by +78.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of 38%. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to Germany ($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 Belgium (+10.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rape Or Colza Seed

Imports into Sweden

After three years of decline, overseas purchases of rape or colza seed increased by 42% to X tons in 2022. Over the period under review, imports enjoyed a mild increase. The pace of growth was the most pronounced in 2017 when imports increased by 159%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, rape and colza seed imports skyrocketed to $X in 2022. In general, imports enjoyed pronounced growth. The most prominent rate of growth was recorded in 2017 when imports increased by 119% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Lithuania (X tons), Denmark (X tons) and the UK (X tons) were the main suppliers of rape and colza seed imports to Sweden, with a combined 68% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Lithuania (with a CAGR of +96.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), Lithuania ($X) and the UK ($X) constituted the largest rape and colza seed suppliers to Sweden, together accounting for 66% of total imports.

Lithuania, with a CAGR of +95.2%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average rape and colza seed import price amounted to $X per ton, surging by 32% against the previous year. In general, the import price showed measured growth. The most prominent rate of growth was recorded in 2021 an increase of 38% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (+16.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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