Ireland: Market for Rape Or Colza Seed 2024

Market Size for Rape Or Colza Seed in Ireland

The Irish rape and colza seed market declined notably to $X in 2022, shrinking by X% against the previous year. Overall, consumption showed a abrupt slump. Rape and colza seed consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Production of Rape Or Colza Seed in Ireland

In value terms, rape and colza seed production rose sharply to $X in 2022 estimated in export price. In general, production continues to indicate a perceptible decrease. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

The average yield of rape or colza seed in Ireland declined modestly to X tons per ha in 2022, waning by X% compared with the previous year's figure. Over the period under review, the yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the yield increased by X% against the previous year. The rape and colza seed yield peaked at X tons per ha in 2021, and then contracted in the following year. 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 Ireland fell to X ha, which is down by X% compared with the previous year. Overall, the harvested area continues to indicate a slight decrease. The most prominent rate of growth was recorded in 2020 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 reached the maximum at X ha in 2013; however, from 2014 to 2022, the harvested area stood at a somewhat lower figure.

Exports of Rape Or Colza Seed

Exports from Ireland

In 2022, approx. X tons of rape or colza seed were exported from Ireland; rising by X% against the previous year. In general, exports saw a perceptible expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, rape and colza seed exports skyrocketed to $X in 2022. Overall, exports recorded measured growth. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

Exports by Country

The UK (X tons) was the main destination for rape and colza seed exports from Ireland, with a X% share of total exports. It was followed by Germany (X tons), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the UK totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and the Netherlands (X% per year).

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

From 2012 to 2022, the average annual rate of growth in terms of value to the UK totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and the Netherlands (X% per year).

Export Prices by Country

The average rape and colza seed export price stood at $X per ton in 2022, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. The export price peaked in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to the UK ($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 Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rape Or Colza Seed

Imports into Ireland

In 2022, purchases abroad of rape or colza seed decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports showed a precipitous decline. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, rape and colza seed imports reached $X in 2022. In general, imports faced a abrupt descent. The growth pace was the most rapid in 2015 with an increase of X%. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, the UK (X tons) constituted the largest supplier of rape and colza seed to Ireland, accounting for a X% share of total imports. Moreover, rape and colza seed imports from the UK exceeded the figures recorded by the second-largest supplier, France (X tons), threefold. The third position in this ranking was taken by the Netherlands (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the UK stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and the Netherlands (X% per year).

In value terms, the largest rape and colza seed suppliers to Ireland were the UK ($X), France ($X) and Germany ($X), together comprising X% of total imports. The Netherlands and Poland lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, the Netherlands, 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, picking up by X% against the previous year. In general, the import price showed a prominent expansion. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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