Asia: Market for Rape Or Colza Seed 2024

Market Size for Rape Or Colza Seed in Asia

In 2022, the Asian rape and colza seed market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Production of Rape Or Colza Seed in Asia

In value terms, rape and colza seed production fell slightly to $X in 2022 estimated in export price. Over the period under review, production, however, saw buoyant growth. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

The countries with the highest volumes of production in 2022 were China (X tons) and India (X tons).

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of X%).

The average rape and colza seed yield contracted slightly to X tons per ha in 2022, remaining constant against the previous year. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X%. The level of yield peaked at X tons per ha in 2019; however, from 2020 to 2022, the yield stood at a somewhat 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 harvested area of rape or colza seed in Asia declined slightly to X ha, waning by X% against the previous year's figure. Over the period under review, the harvested area, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the harvested area increased by X% against the previous year. The level of harvested area peaked at X ha in 2021, and then contracted in the following year.

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Exports of Rape Or Colza Seed

Exports in Asia

In 2022, overseas shipments of rape or colza seed increased by X% to X tons, rising for the second year in a row after two years of decline. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, rape and colza seed exports rose rapidly to $X in 2022. Over the period under review, exports saw slight growth. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Kazakhstan was the largest exporting country with an export of about X tons, which reached X% of total exports. The United Arab Emirates (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Mongolia (X%) and Turkey (X%).

Exports from Kazakhstan decreased at an average annual rate of X% from 2012 to 2022. At the same time, the United Arab Emirates (X%), Mongolia (X%) and Turkey (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of the United Arab Emirates, Mongolia and Turkey increased by X, X and X percentage points, respectively.

In value terms, Kazakhstan ($X) remains the largest rape and colza seed supplier in Asia, comprising X% of total exports. The second position in the ranking was held by Mongolia ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with an X% share.

From 2012 to 2022, the average annual growth rate of value in Kazakhstan stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Mongolia (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

The export price in Asia 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 growth pace was the most rapid in 2016 an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Turkey ($X per ton) and Kazakhstan ($X per ton), while the United Arab Emirates ($X per ton) and Mongolia ($X per ton) were amongst the lowest.

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

Imports of Rape Or Colza Seed

Imports in Asia

In 2022, approx. X tons of rape or colza seed were imported in Asia; dropping by X% on 2021. Over the period under review, imports saw a mild decline. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports reached 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 stood at $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Japan (X tons) and China (X tons) represented the main importers of rape or colza seed in Asia, together making up X% of total imports. It was distantly followed by the United Arab Emirates (X tons) and Bangladesh (X tons), together making up a X% share of total imports. Pakistan (X tons) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Bangladesh (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Japan ($X), China ($X) and the United Arab Emirates ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

In terms of the main importing countries, the United Arab Emirates, 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 more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, increasing by X% against the previous year. Import price indicated notable growth 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 import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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