Finland: Market for Rape Or Colza Seed 2024

Market Size for Rape Or Colza Seed in Finland

In 2022, the Finnish rape and colza seed market increased by X% to $X, rising for the second consecutive year after three years of decline. Overall, consumption recorded a noticeable descent. Rape and colza seed consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Rape Or Colza Seed in Finland

In value terms, rape and colza seed production soared to $X in 2022 estimated in export price. Overall, production continues to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

The average yield of rape or colza seed in Finland was estimated at X tons per ha in 2022, rising by X% compared with the year before. Over the period under review, the yield, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, the average rape and colza seed yield hit record highs at X tons per ha in 2017; however, from 2018 to 2022, the yield stood at a somewhat lower figure. 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 Finland contracted to X ha in 2022, with a decrease of X% against the previous year. Overall, the harvested area saw a drastic downturn. The growth pace was the most rapid in 2021 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to rape and colza seed production attained the maximum at X ha in 2016; however, from 2017 to 2022, the harvested area failed to regain momentum.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Exports of Rape Or Colza Seed

Exports from Finland

In 2022, approx. X tons of rape or colza seed were exported from Finland; jumping by X% compared with the previous year. Overall, exports enjoyed a significant expansion. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2016; however, from 2017 to 2022, 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 posted a significant increase. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

Sweden (X tons) was the main destination for rape and colza seed exports from Finland, with a X% share of total exports. Moreover, rape and colza seed exports to Sweden exceeded the volume sent to the second major destination, Norway (X tons), sixfold. Iceland (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Sweden amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (X% per year) and Iceland (X% per year).

In value terms, Sweden ($X) remains the key foreign market for rape or colza seed exports from Finland, comprising X% of total exports. The second position in the ranking was held by Norway ($X), with a X% share of total exports. It was followed by Iceland, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Sweden amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (X% per year) and Iceland (X% per year).

Export Prices by Country

In 2022, the average rape and colza seed export price amounted to $X per ton, growing by X% against the previous year. Overall, the export price posted a buoyant increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. The export price peaked in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Iceland ($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 Latvia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Rape Or Colza Seed

Imports into Finland

In 2022, imports of rape or colza seed into Finland declined to X tons, reducing by X% against the previous year. In general, imports saw a perceptible reduction. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, rape and colza seed imports stood at $X in 2022. Overall, imports recorded a perceptible decline. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Estonia (X tons), Latvia (X tons) and Lithuania (X tons) were the main suppliers of rape and colza seed imports to Finland, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Estonia (with a CAGR of X%), while purchases for the other leaders experienced a decline.

In value terms, Latvia ($X), Estonia ($X) and Lithuania ($X) constituted the largest rape and colza seed suppliers to Finland, with a combined X% share of total imports.

In terms of the main suppliers, Lithuania, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average rape and colza seed import price amounted to $X per ton, rising by X% against the previous year. Overall, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of X% 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 X% against 2017 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. The import price peaked in 2022 and is likely to see steady growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Lithuania ($X per ton), while the price for Estonia ($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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :