Argentina: Market for Rape Or Colza Seed 2023

Market Size for Rape Or Colza Seed in Argentina

The Argentinian rape and colza seed market reduced remarkably to $X in 2022, which is down by -32.6% against the previous year. Overall, consumption showed a drastic downturn. Rape and colza seed consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Production of Rape Or Colza Seed in Argentina

In value terms, rape and colza seed production dropped to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a noticeable setback. The pace of growth appeared the most rapid in 2013 with an increase of 159%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

In 2022, the average yield of rape or colza seed in Argentina soared to X tons per ha, increasing by 70% against 2021. In general, the yield, however, continues to indicate a noticeable curtailment. The rape and colza seed yield peaked at X tons per ha in 2013; however, from 2014 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.

The rape and colza seed harvested area in Argentina reduced modestly to X ha in 2022, which is down by -3.8% on the year before. In general, the harvested area showed a abrupt descent. The most prominent rate of growth was recorded in 2013 with an increase of 68%. The rape and colza seed harvested area peaked at X ha in 2015; however, from 2016 to 2022, the harvested area remained at a lower figure.

Exports of Rape Or Colza Seed

Exports from Argentina

In 2022, the amount of rape or colza seed exported from Argentina skyrocketed to X tons, rising by 68% compared with the previous year's figure. In general, exports, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2013 with an increase of 88% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, rape and colza seed exports surged to $X in 2022. Over the period under review, exports, however, recorded a abrupt descent. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for rape and colza seed exports from Argentina, accounting for a 94% share of total exports. It was followed by Belgium (X tons), with a 2.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +51.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-9.4% per year) and Chile (+40.5% per year).

In value terms, the United States ($X) remains the key foreign market for rape or colza seed exports from Argentina, comprising 92% of total exports. The second position in the ranking was taken by Chile ($X), with a 1.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +50.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+27.0% per year) and Belgium (-13.6% per year).

Export Prices by Country

The average rape and colza seed export price stood at $X per ton in 2022, surging by 31% against the previous year. Over the last decade, it increased at an average annual rate of +2.9%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Belgium ($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 Israel (+10.3%), while the prices for the other major destinations experienced a decline.

Imports of Rape Or Colza Seed

Imports into Argentina

In 2022, approx. X tons of rape or colza seed were imported into Argentina; with an increase of 38% against the previous year's figure. In general, imports posted a buoyant expansion. The pace of growth was the most pronounced in 2013 with an increase of 1,236%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, rape and colza seed imports expanded rapidly to $X in 2022. Over the period under review, imports continue to indicate a buoyant increase. The growth pace was the most rapid in 2013 with an increase of 546%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X tons) was the main rape and colza seed supplier to Argentina, accounting for a 94% share of total imports. Moreover, rape and colza seed imports from Germany exceeded the figures recorded by the second-largest supplier, New Zealand (X tons), more than tenfold. Australia (X kg) ranked third in terms of total imports with a 0.4% share.

From 2012 to 2022, the average annual growth rate of volume from Germany totaled +41.6%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (-30.9% per year) and Australia (-22.7% per year).

In value terms, Germany ($X) constituted the largest supplier of rape or colza seed to Argentina, comprising 76% of total imports. The second position in the ranking was held by New Zealand ($X), with a 14% share of total imports. It was followed by Australia, with a 2.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled +18.7%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (-19.5% per year) and Australia (-12.4% per year).

Import Prices by Country

The average rape and colza seed import price stood at $X per ton in 2022, falling by -22.2% against the previous year. Overall, the import price showed a abrupt slump. The pace of growth was the most pronounced in 2015 when the average import price increased by 292%. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Germany ($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 (+32.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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