Latin America and the Caribbean: Market for Rape Or Colza Seed 2024

Market Size for Rape Or Colza Seed in Latin America and the Caribbean

In 2022, the Latin American rape and colza seed market increased by X% to $X, rising for the third consecutive year after four years of decline. Over the period under review, consumption, however, continues to indicate a slight contraction. The level of consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Production of Rape Or Colza Seed in Latin America and the Caribbean

In value terms, rape and colza seed production rose slightly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a pronounced decrease. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Uruguay (X tons) constituted the country with the largest volume of rape and colza seed production, comprising approx. X% of total volume. Moreover, rape and colza seed production in Uruguay exceeded the figures recorded by the second-largest producer, Chile (X tons), twofold. The third position in this ranking was taken by Paraguay (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume in Uruguay totaled X%. In the other countries, the average annual rates were as follows: Chile (X% per year) and Paraguay (X% per year).

In 2022, the average rape and colza seed yield in Latin America and the Caribbean soared to X tons per ha, jumping by X% compared with the previous year. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the yield attained the peak level and is likely to continue growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the rape and colza seed harvested area in Latin America and the Caribbean shrank to X ha, waning by X% against the previous year. The harvested area increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. As a result, the harvested area attained the peak level of X ha. From 2016 to 2022, the growth of the rape and colza seed harvested area failed to regain momentum.

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Exports of Rape Or Colza Seed

Exports in Latin America and the Caribbean

In 2022, rape and colza seed exports in Latin America and the Caribbean surged to X tons, increasing by X% on 2021 figures. In general, exports recorded strong growth. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. The volume of export peaked in 2022 and is likely to see gradual growth in the near future.

In value terms, rape and colza seed exports soared to $X in 2022. Over the period under review, exports posted a buoyant expansion. The pace of growth appeared the most rapid 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 years to come.

Exports by Country

Uruguay prevails in exports structure, accounting for X tons, which was approx. X% of total exports in 2022. It was distantly followed by Argentina (X tons), achieving an X% share of total exports. Chile (X tons) followed a long way behind the leaders.

Uruguay was also the fastest-growing in terms of the rape or colza seed exports, with a CAGR of X% from 2012 to 2022. Chile (X%) and Argentina (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Uruguay increased by X percentage points.

In value terms, Uruguay ($X) remains the largest rape and colza seed supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Chile ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Uruguay amounted to X%. In the other countries, the average annual rates were as follows: Chile (X% per year) and Argentina (X% per year).

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, growing by X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Chile ($X per ton), while Uruguay ($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 (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Rape Or Colza Seed

Imports in Latin America and the Caribbean

In 2022, supplies from 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 saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, rape and colza seed imports amounted to $X in 2022. Overall, imports recorded a perceptible reduction. The growth pace was the most rapid in 2020 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Mexico (X tons) was the key importer of rape or colza seed in Latin America and the Caribbean, creating X% of total import.

Mexico was also the fastest-growing in terms of the rape or colza seed imports, with a CAGR of X% from 2012 to 2022. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported rape or colza seed in Latin America and the Caribbean.

From 2012 to 2022, the average annual rate of growth in terms of value in Mexico stood at X%.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, picking up by X% against the previous year. In general, the import price saw prominent growth. The most prominent rate of growth was recorded in 2019 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Mexico.

From 2012 to 2022, the rate of growth in terms of prices for Mexico amounted to X% per year.

Source: IndexBox Platform

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