Slovakia: Market for Rape Or Colza Seed 2024

Market Size for Rape Or Colza Seed in Slovakia

The Slovak rape and colza seed market declined to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption, however, continues to indicate a perceptible expansion. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Production of Rape Or Colza Seed in Slovakia

In value terms, rape and colza seed production reached $X in 2022 estimated in export price. In general, production, however, continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Rape and colza seed production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

In 2022, the average rape and colza seed yield in Slovakia dropped modestly to X tons per ha, remaining relatively unchanged against the previous year's figure. Over the period under review, the yield recorded a drastic downturn. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. 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 failed to regain momentum. 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 Slovakia rose to X ha, growing by X% on the previous year. The harvested area increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded 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 stood at a somewhat lower figure.

Exports of Rape Or Colza Seed

Exports from Slovakia

In 2022, shipments abroad of rape or colza seed increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports, however, saw a perceptible downturn. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, rape and colza seed exports soared to $X in 2022. Overall, exports, however, recorded a deep contraction. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X tons), the Czech Republic (X tons) and Poland (X tons) were the main destinations of rape and colza seed exports from Slovakia, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Czech Republic ($X) and Poland ($X) were the largest markets for rape and colza seed exported from Slovakia worldwide, with a combined X% share of total exports.

Germany, with a CAGR of X%, saw the highest growth rate of 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, with an increase of X% against the previous year. In general, the export price, however, saw a pronounced shrinkage. The growth pace was the most rapid in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Austria ($X per ton) and Poland ($X per ton), while the average price for exports to Germany ($X per ton) and the Czech Republic ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Austria (X%), while the prices for the other major destinations experienced a decline.

Imports of Rape Or Colza Seed

Imports into Slovakia

In 2022, overseas purchases of rape or colza seed increased by X% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, rape and colza seed imports skyrocketed to $X in 2022. In general, imports, however, showed a mild descent. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Ukraine (X tons) constituted the largest rape and colza seed supplier to Slovakia, with a X% share of total imports. Moreover, rape and colza seed imports from Ukraine exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tons), more than tenfold. Hungary (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, Ukraine ($X) constituted the largest supplier of rape or colza seed to Slovakia, comprising X% of total imports. The second position in the ranking was held by Hungary ($X), with a X% share of total imports. It was followed by the Czech Republic, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Ukraine totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (X% per year) and the Czech Republic (X% per year).

Import Prices by Country

The average rape and colza seed import price stood at $X per ton in 2022, reducing by X% against the previous year. Overall, the import price recorded a perceptible slump. The growth pace was the most rapid in 2020 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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