Hungary: Market for Rape Or Colza Seed 2024

Market Size for Rape Or Colza Seed in Hungary

In 2022, the Hungarian rape and colza seed market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption showed a strong increase. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Rape Or Colza Seed in Hungary

In value terms, rape and colza seed production reduced slightly to $X in 2022 estimated in export price. Overall, the total production indicated a perceptible increase from 2012 to 2022: its value 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, production increased by X% against 2020 indices. The pace of growth was the most pronounced in 2016 when the production volume increased by X% against the previous year. Rape and colza seed production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

In 2022, the average rape and colza seed yield in Hungary shrank to X tons per ha, leveling off at 2021. Overall, the yield saw a perceptible slump. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, the average rape and colza seed yield reached the maximum level at X tons per ha in 2012; however, from 2013 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.

In 2022, the total area harvested in terms of rape or colza seed production in Hungary expanded markedly to X ha, rising by X% against the previous year's figure. Over the period under review, the total harvested area indicated a resilient expansion from 2012 to 2022: its figure 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 harvested area decreased by X% against 2018 indices. The growth pace was the most rapid in 2013 with an increase of X%. The rape and colza seed harvested area peaked at X ha in 2018; however, from 2019 to 2022, the harvested area failed to regain momentum.

Exports of Rape Or Colza Seed

Exports from Hungary

In 2022, overseas shipments of rape or colza seed decreased by X% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, exports showed a pronounced curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, rape and colza seed exports surged to $X in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Germany (X tons), Austria (X tons) and the Czech Republic (X tons) were the main destinations of rape and colza seed exports from Hungary, together comprising X% of total exports. The Netherlands, Croatia, Romania, Slovakia and Poland lagged somewhat behind, together comprising a further X%.

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

In value terms, Germany ($X), Austria ($X) and the Czech Republic ($X) constituted the largest markets for rape and colza seed exported from Hungary worldwide, with a combined X% share of total exports. The Netherlands, Croatia, Romania, Slovakia and Poland lagged somewhat behind, together accounting for a further X%.

Croatia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other 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, growing by X% against the previous year. Overall, the export price showed temperate growth. The pace of growth was the most pronounced in 2016 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Austria ($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 the Czech Republic (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rape Or Colza Seed

Imports into Hungary

For the third year in a row, Hungary recorded growth in purchases abroad of rape or colza seed, which increased by X% to X tons in 2022. In general, imports posted a strong expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, rape and colza seed imports skyrocketed to $X in 2022. Over the period under review, imports posted a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Ukraine (X tons), Romania (X tons) and Slovakia (X tons) were the main suppliers of rape and colza seed imports to Hungary, together accounting for X% of total imports.

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

In value terms, Romania ($X), Ukraine ($X) and Slovakia ($X) appeared to be the largest rape and colza seed suppliers to Hungary, together comprising X% of total imports.

Romania, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average rape and colza seed import price amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average import price increased by X%. Over the period under review, average import prices reached the maximum at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Romania ($X per ton) and Slovakia ($X per ton), while the price for Ukraine ($X per ton) and Austria ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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