Uruguay: Market for Rape Or Colza Seed 2024

Market Size for Rape Or Colza Seed in Uruguay

The Uruguayan rape and colza seed market was estimated at $X in 2022, increasing by X% against the previous year. Overall, consumption saw a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Production of Rape Or Colza Seed in Uruguay

In value terms, rape and colza seed production rose rapidly to $X in 2022 estimated in export price. Overall, production posted a strong expansion. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

In 2022, the average yield of rape or colza seed in Uruguay dropped modestly to X tons per ha, approximately equating the previous year. In general, the yield saw a pronounced setback. The pace of growth appeared the most rapid in 2019 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 2013; however, from 2014 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 Uruguay contracted rapidly to X ha, which is down by X% against the previous year's figure. Over the period under review, the harvested area, however, showed a significant expansion. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. The rape and colza seed harvested area peaked at X ha in 2021, and then reduced markedly in the following year.

Exports of Rape Or Colza Seed

Exports from Uruguay

In 2022, the amount of rape or colza seed exported from Uruguay skyrocketed to X tons, rising by X% on the previous year. In general, exports posted a significant increase. The pace of growth was the most pronounced in 2018 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, rape and colza seed exports soared to $X in 2022. Over the period under review, exports saw a significant expansion. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Free Zones (X tons) was the main destination for rape and colza seed exports from Uruguay, with a X% share of total exports. Moreover, rape and colza seed exports to Free Zones exceeded the volume sent to the second major destination, the UK (X tons), eightfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Free Zones amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and France (X% per year).

In value terms, Free Zones ($X) remains the key foreign market for rape or colza seed exports from Uruguay, comprising X% of total exports. The second position in the ranking was held by the UK ($X), with an X% share of total exports.

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

Export Prices by Country

In 2022, the average rape and colza seed export price amounted to $X per ton, surging by X% against the previous year. Overall, the export price, however, saw a mild reduction. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Free Zones ($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 France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rape Or Colza Seed

Imports into Uruguay

In 2022, the amount of rape or colza seed imported into Uruguay surged to X tons, picking up by X% compared with the previous year's figure. Over the period under review, imports saw a resilient increase. The growth pace was the most rapid in 2020 when imports increased by X%. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, rape and colza seed imports soared to $X in 2022. In general, imports saw a strong expansion. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, Argentina (X tons) constituted the largest rape and colza seed supplier to Uruguay, with a X% share of total imports. Moreover, rape and colza seed imports from Argentina exceeded the figures recorded by the second-largest supplier, Spain (X tons), sevenfold. The United States (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Argentina stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and the United States (X% per year).

In value terms, Argentina ($X) constituted the largest supplier of rape or colza seed to Uruguay, comprising X% of total imports. The second position in the ranking was held by Spain ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Argentina amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and the United States (X% per year).

Import Prices by Country

The average rape and colza seed import price stood at $X per ton in 2022, rising by X% against the previous year. In general, the import price, however, recorded a perceptible setback. The growth pace was the most rapid in 2013 an increase of X%. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat 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 Ireland ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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