Overview of the Global Market for Rape Or Colza Seed

Market Size for Rape Or Colza Seed

In 2022, the global rape and colza seed market increased by 1.2% to $X, rising for the third year in a row after two years of decline. The market value increased at an average annual rate of +1.2% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. Over the period under review, the global market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Production of Rape Or Colza Seed

In value terms, rape and colza seed production fell modestly to $X in 2022 estimated in export price. Over the period under review, production saw a strong increase. The pace of growth was the most pronounced in 2019 with an increase of 60% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, global production growth remained at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were Canada (X tons), China (X tons) and India (X tons), with a combined 53% share of global production. Australia, Ukraine, Germany, France, Poland, Russia and the United States lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by Russia (with a CAGR of +11.0%), while production for the other global leaders experienced more modest paces of growth.

In 2022, the global average rape and colza seed yield rose significantly to X tons per ha, with an increase of 10% compared with 2021 figures. The yield figure increased at an average annual rate of +1.7% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the yield increased by 11% against the previous year. The global yield peaked at X tons per ha in 2017; afterwards, it flattened through to 2022. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The global rape and colza seed harvested area fell modestly to X ha in 2022, with a decrease of -2.9% on 2021 figures. In general, the harvested area, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the harvested area increased by 8.9% against the previous year. Over the period under review, the harvested area dedicated to rape and colza seed production attained the peak figure at X ha in 2018; however, from 2019 to 2022, the harvested area remained at a lower figure.

Exports of Rape Or Colza Seed

Exports

In 2022, global rape and colza seed exports dropped to X tons, remaining relatively unchanged against the previous year's figure. The total export volume increased at an average annual rate of +1.3% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 22% against the previous year. Over the period under review, the global exports hit record highs 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 soared to $X in 2022. Over the period under review, total exports indicated a tangible increase from 2012 to 2022: its value 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, exports increased by +90.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 31%. The global exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Australia (X tons) and Canada (X tons) were the main exporters of rape or colza seed in 2022, resulting at approx. 29% and 25% of total exports, respectively. Ukraine (X tons) held the next position in the ranking, distantly followed by Romania (X tons). All these countries together took near 19% share of total exports. The following exporters - France (X tons), the Netherlands (X tons), Lithuania (X tons), the Czech Republic (X tons), Poland (X tons), Slovakia (X tons) and Latvia (X tons) - together made up 17% of total exports.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +30.9%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, Australia ($X), Canada ($X) and Ukraine ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising 65% of global exports. France, Romania, the Netherlands, Lithuania, the Czech Republic, Poland, Latvia and Slovakia lagged somewhat behind, together comprising a further 23%.

Among the main exporting countries, Romania, with a CAGR of +29.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average rape and colza seed export price amounted to $X per ton, jumping by 18% against the previous year. Over the period under review, export price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.7% 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 +65.5% against 2019 indices. The pace of growth appeared the most rapid in 2021 an increase of 39% against the previous year. The global export price peaked in 2022 and is likely to see steady growth in the near future.

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 France ($X per ton), while Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+4.8%), while the other global leaders experienced more modest paces of growth.

Imports of Rape Or Colza Seed

Imports

Global rape and colza seed imports fell to X tons in 2022, waning by -5.3% compared with the year before. The total import volume increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 16% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of global imports remained at a lower figure.

In value terms, rape and colza seed imports skyrocketed to $X in 2022. Over the period under review, total imports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +2.7% 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 +82.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 33% against the previous year. Global imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Germany (X tons), distantly followed by Japan (X tons), China (X tons), Belgium (X tons), France (X tons), the Netherlands (X tons), the United Arab Emirates (X tons), Mexico (X tons) and Poland (X tons) represented the largest importers of rape or colza seed, together achieving 76% of total imports. The following importers - the UK (X tons), Belarus (X tons), the United States (X tons) and Bangladesh (X tons) - together made up 11% of total imports.

Imports into Germany increased at an average annual rate of +2.6% from 2012 to 2022. At the same time, Belarus (+54.0%), the UK (+40.9%), France (+11.7%), Bangladesh (+9.8%), Poland (+8.4%), the United Arab Emirates (+5.3%) and the United States (+3.8%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing importer imported in the world, with a CAGR of +54.0% from 2012-2022. By contrast, Japan (-1.4%), Mexico (-3.0%), the Netherlands (-3.0%), China (-3.8%) and Belgium (-4.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of France, the UK, Germany, Belarus, Poland and the United Arab Emirates increased by +4, +3.5, +3.3, +3, +2.3 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported rape or colza seed worldwide, comprising 25% of global imports. The second position in the ranking was held by Japan ($X), with an 11% share of global imports. It was followed by China, with a 9.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Germany stood at +5.4%. The remaining importing countries recorded the following average annual rates of imports growth: Japan (+1.4% per year) and China (-2.2% per year).

Import Prices by Country

The average rape and colza seed import price stood at $X per ton in 2022, picking up by 22% against the previous year. In general, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.6% 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 increased by +71.4% against 2019 indices. The pace of growth appeared the most rapid in 2021 an increase of 37%. Over the period under review, average import prices reached the maximum in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+2.8%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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