Global Rape and Colza Seed Exports Surge Owing to Rising Supplies from Canada and the EU
IndexBox has just published a new report: ‘World – Rape Or Colza Seed – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.
In 2020, global exports of rape and colza seeds jumped by +23% y-o-y to 24M tonnes, reaching $10.7B in value terms. Canada holds a leading position in global exports, accounting for nearly half of its total volume. Last year, Canada boosted its rape and colza seed exports by +42% y-o-y., while Belgium, Lithuania, the Netherlands, Latvia, Poland and Romania also saw strong growth regarding the volume of supplies abroad. In 2020, the average rape and colza seed export price remained unchanged compared to those of 2019.
Global Rape and Colza Seed Exports
In 2020, the amount of rape or colza seed exported worldwide skyrocketed to 24M tonnes, picking up by +23% compared with 2019. In value terms, rape and colza seed exports soared by +24.2% y-o-y to $10.7B (IndexBox estimates) in 2020.
In 2020, Canada (12M tonnes) was the main exporter of rape or colza seed, achieving 49% of total exports. Ukraine (2.4M tonnes) occupied the second position in the ranking, followed by the Netherlands (2.1M tonnes) and Australia (1.7M tonnes). All these countries together took approx. 26% share of total exports. The following exporters – Hungary (810K tonnes), Lithuania (675K tonnes), France (593K tonnes), Romania (555K tonnes), Latvia (501K tonnes), Belgium (492K tonnes) and Poland (407K tonnes) – together made up 17% of total exports.
Exports from Canada increased at an average annual rate of +42.5% in 2020. At the same time, Belgium, Lithuania, the Netherlands, Latvia, Poland and Romania also recorded significant increases in their rape or colza seed exports. By contrast, Hungary, France and Ukraine illustrated a downward trend over the same period.
In value terms, Canada ($4.7B) remains the largest rape and colza seed supplier worldwide, comprising 44% of global exports. The second position in the ranking was occupied by Ukraine ($1B), with a 9.4% share of global exports. It was followed by the Netherlands, with an 8.5% share.
The average rape and colza seed export price stood at $450 per tonne in 2020, remaining constant against the previous year. Prices varied noticeably by the country of origin; the country with the highest price was France, while Canada was amongst the lowest. In 2020, the most notable rate of growth in terms of prices was attained by Belgium, while the other global leaders experienced more modest paces of growth.
Source: IndexBox Platform