Ecuador: Market for Rape Or Colza Seed 2022

Market Size for Rape Or Colza Seed in Ecuador

The Ecuadorian rape and colza seed market surged to $X in 2021, rising by X% against the previous year. Overall, consumption saw significant growth. Rape and colza seed consumption peaked in 2021 and is likely to continue growth in years to come.

Production of Rape Or Colza Seed in Ecuador

In value terms, rape and colza seed production skyrocketed to $X in 2021 estimated in export price. In general, production recorded significant growth. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

In 2021, the average yield of rape or colza seed in Ecuador totaled less than X kg per ha, approximately equating the previous year. Over the period under review, the yield saw 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 2021, approx. less than X ha of rape or colza seed were harvested in Ecuador; remaining relatively unchanged against 2020 figures. Over the period under review, the harvested area recorded a relatively flat trend pattern.

Exports of Rape Or Colza Seed

Exports from Ecuador

In 2021, overseas shipments of rape or colza seed were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, rape and colza seed exports skyrocketed to $X in 2021. Overall, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons) was the main destination for rape and colza seed exports from Ecuador, with a approx. X% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United Arab Emirates stood at +X%.

In value terms, the United Arab Emirates ($X) also remains the key foreign market for rape and colza seed exports from Ecuador.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates totaled +X%.

Export Prices by Country

In 2021, the average rape and colza seed export price amounted to $X per ton, declining by -X% against the previous year. In general, export price indicated a remarkable increase from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, rape and colza seed export price decreased by -X% against 2017 indices. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the the average export prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for the United Arab Emirates amounted to +X% per year.

Imports of Rape Or Colza Seed

Imports into Ecuador

In 2021, imports of rape or colza seed into Ecuador surged to X tons, increasing by X% compared with 2020 figures. Overall, imports recorded buoyant growth. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, rape and colza seed imports soared to $X in 2021. Over the period under review, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Canada (X tons) constituted the largest supplier of rape and colza seed to Ecuador, with a X% share of total imports. Moreover, rape and colza seed imports from Canada exceeded the figures recorded by the second-largest supplier, New Zealand (X kg), sevenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Canada amounted to +X%.

In value terms, the largest rape and colza seed suppliers to Ecuador were New Zealand ($X) and Canada ($X, with a CAGR of +X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review.

Import Prices by Country

In 2021, the average rape and colza seed import price amounted to $X per ton, remaining constant against the previous year. In general, the import price, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was New Zealand ($X per ton), while the price for Canada amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+X%).

Source: IndexBox Platform