Scandinavia: Market for Rape Or Colza Seed 2024

Market Size for Rape Or Colza Seed in Scandinavia

The Scandinavia rape and colza seed market fell to $X in 2022, declining by X% against the previous year. In general, consumption continues to indicate a perceptible downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Rape Or Colza Seed in Scandinavia

In value terms, rape and colza seed production expanded remarkably to $X in 2022 estimated in export price. In general, production showed a deep reduction. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Sweden (X tons) remains the largest rape and colza seed producing country in Scandinavia, accounting for X% of total volume. Moreover, rape and colza seed production in Sweden exceeded the figures recorded by the second-largest producer, Finland (X tons), ninefold.

In Sweden, rape and colza seed production remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Finland (X% per year) and Norway (X% per year).

In 2022, the average yield of rape or colza seed in Scandinavia expanded slightly to X tons per ha, picking up by X% against the previous year's figure. The yield figure 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 2019 with an increase of X% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2020 to 2022, the growth of the rape and colza seed 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, approx. X ha of rape or colza seed were harvested in Scandinavia; which is down by X% on 2021 figures. In general, the harvested area recorded a perceptible shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to rape and colza seed production reached the peak figure at X ha in 2013; however, from 2014 to 2022, the harvested area failed to regain momentum.

Exports of Rape Or Colza Seed

Exports in Scandinavia

In 2022, overseas shipments of rape or colza seed were finally on the rise to reach X tons after two years of decline. Overall, exports saw resilient growth. The pace of growth appeared the most rapid in 2019 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, rape and colza seed exports surged to $X in 2022. Over the period under review, exports posted prominent growth. The pace of growth appeared the most rapid in 2019 when exports increased by X%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

The biggest shipments were from Sweden (X tons), together finishing at X% of total export.

Sweden was also the fastest-growing in terms of the rape or colza seed exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) also remains the largest rape and colza seed supplier in Scandinavia.

In Sweden, rape and colza seed exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per ton, growing by X% against the previous year. Export price indicated a mild expansion 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 pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

As there is only one major export destination, the average price level is determined by prices for Sweden.

From 2012 to 2022, the rate of growth in terms of prices for Sweden amounted to X% per year.

Imports of Rape Or Colza Seed

Imports in Scandinavia

In 2022, supplies from abroad of rape or colza seed increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, recorded a perceptible setback. The growth pace was the most rapid in 2017 with an increase of X%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, rape and colza seed imports soared to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Finland was the largest importing country with an import of about X tons, which recorded X% of total imports. It was distantly followed by Sweden (X tons), making up a X% share of total imports. Norway (X tons) took a relatively small share of total imports.

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

In value terms, the largest rape and colza seed importing markets in Scandinavia were Finland ($X), Sweden ($X) and Norway ($X).

Sweden, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per ton, with an increase of X% against the previous year. Import price indicated a temperate expansion 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 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Sweden ($X per ton), while Finland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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