Northern America: Market for Rape Or Colza Seed 2024

Market Size for Rape Or Colza Seed in Northern America

In 2022, the North American rape and colza seed market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. The total consumption indicated a notable expansion 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. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Production of Rape Or Colza Seed in Northern America

In value terms, rape and colza seed production reached $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

The country with the largest volume of rape and colza seed production was Canada (X tons), accounting for X% of total volume. Moreover, rape and colza seed production in Canada exceeded the figures recorded by the second-largest producer, the United States (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume in Canada amounted to X%.

The average rape and colza seed yield skyrocketed to X tons per ha in 2022, with an increase of X% on 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. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the rape and colza seed yield reached the maximum level at X tons per ha in 2016; however, from 2017 to 2022, the yield remained at a 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 Northern America contracted modestly to X ha, dropping by X% compared with the previous year's figure. Over the period under review, the harvested area showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X%. As a result, the harvested area attained the peak level of X ha. From 2018 to 2022, the growth of the rape and colza seed harvested area remained at a lower figure.

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Exports of Rape Or Colza Seed

Exports in Northern America

Rape and colza seed exports reduced dramatically to X tons in 2022, which is down by X% against the previous year. In general, exports showed a noticeable setback. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, rape and colza seed exports dropped to $X in 2022. Over the period under review, exports continue to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Canada dominates exports structure, accounting for X tons, which was near X% of total exports in 2022. The United States (X tons) held a little share of total exports.

Exports from Canada decreased at an average annual rate of X% from 2012 to 2022. The United States (X%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Canada ($X) remains the largest rape and colza seed supplier in Northern America, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports.

In Canada, rape and colza seed exports plunged by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per ton, increasing by X% against the previous year. Export price indicated a moderate 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 export price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the United States amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (X%).

Imports of Rape Or Colza Seed

Imports in Northern America

In 2022, approx. X tons of rape or colza seed were imported in Northern America; rising by X% compared with the previous year. Total imports indicated a notable expansion from 2012 to 2022: its volume 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. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, rape and colza seed imports soared to $X in 2022. Total imports indicated a measured 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, imports increased by X% against 2020 indices. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

The United States represented the largest importer of rape or colza seed in Northern America, with the volume of imports recording X tons, which was approx. X% of total imports in 2022. It was distantly followed by Canada (X tons), achieving a X% share of total imports.

The United States was also the fastest-growing in terms of the rape or colza seed imports, with a CAGR of X% from 2012 to 2022. Canada experienced a relatively flat trend pattern. From 2012 to 2022, the share of the United States increased by X percentage points.

In value terms, the United States ($X) constitutes the largest market for imported rape or colza seed in Northern America, comprising X% of total imports. The second position in the ranking was taken by Canada ($X), with a X% share of total imports.

In the United States, rape and colza seed imports expanded at an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2022, surging by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (X%).

Source: IndexBox Platform

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