Vietnam: Market for Rape Or Colza Seed 2025

Market Size for Rape Or Colza Seed in Vietnam

The Vietnamese rape and colza seed market skyrocketed to $X in 2022, surging by 35% against the previous year. Overall, consumption, however, showed a precipitous contraction. Rape and colza seed consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Production of Rape Or Colza Seed in Vietnam

In value terms, rape and colza seed production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.7% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when the production volume increased by 33%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

The average yield of rape or colza seed in Vietnam totaled less than X kg per ha in 2022, leveling off at 2021. Overall, the yield recorded a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. less than X ha of rape or colza seed were harvested in Vietnam; almost unchanged from the previous year's figure. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern.

Exports of Rape Or Colza Seed

Exports from Vietnam

In 2022, approx. X tons of rape or colza seed were exported from Vietnam; increasing by 486% compared with 2021 figures. Overall, exports, however, continue to indicate a deep downturn. The growth pace was the most rapid in 2014 with an increase of 7,762%. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, rape and colza seed exports skyrocketed to $X in 2022. Over the period under review, exports, however, saw a pronounced setback. The pace of growth appeared the most rapid in 2014 when exports increased by 7,645%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Switzerland (X tons) was the main destination for rape and colza seed exports from Vietnam, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Switzerland amounted to +44.3%.

In value terms, Switzerland ($X) also remains the key foreign market for rape or colza seed exports from Vietnam.

From 2012 to 2022, the average annual growth rate of value to Switzerland stood at +38.8%.

Export Prices by Country

In 2022, the average rape and colza seed export price amounted to $X per ton, falling by -42.3% against the previous year. In general, the export price, however, posted a resilient increase. The pace of growth appeared the most rapid in 2013 when the average export price increased by 686%. The export price peaked at $X per ton in 2021, and then fell notably in the following year.

As there is only one major export destination, the average price level is determined by prices for Switzerland.

From 2012 to 2022, the rate of growth in terms of prices for Bangladesh amounted to +20.6% per year.

Imports of Rape Or Colza Seed

Imports into Vietnam

In 2022, imports of rape or colza seed into Vietnam surged to X tons, growing by 16% against the year before. In general, imports, however, continue to indicate a sharp downturn. The pace of growth was the most pronounced in 2017 with an increase of 47% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, rape and colza seed imports surged to $X in 2022. Over the period under review, imports, however, recorded a dramatic decline. The pace of growth was the most pronounced in 2020 with an increase of 79% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Germany (X tons) constituted the largest rape and colza seed supplier to Vietnam, accounting for a 39% share of total imports. Moreover, rape and colza seed imports from Germany exceeded the figures recorded by the second-largest supplier, Kazakhstan (X tons), threefold. Canada (X tons) ranked third in terms of total imports with a 5.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to +1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Kazakhstan (-12.9% per year) and Canada (-35.3% per year).

In value terms, Germany ($X) constituted the largest supplier of rape or colza seed to Vietnam, comprising 42% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a 10% share of total imports. It was followed by Canada, with a 3.2% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to -1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Kazakhstan (-4.4% per year) and Canada (-37.4% 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 31% against the previous year. In general, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +3.0% 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 import price decreased by -15.2% against 2020 indices. The pace of growth was the most pronounced in 2019 when the average import price increased by 46%. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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