Product intelligence · HS 120510 · 2024 data

Oil seeds: low erucic acid rape or colza seeds, whether or not broken

Global exports of oil seeds: low erucic acid rape or colza seeds, whether or not broken totalled $12,228,279,825 in 2024, a -12.1% change from the previous year. Traded by 85 countries across 859 bilateral corridors, with demand from 102 importing markets. The long-term trend is declining.

Data: OECD BIMTS · Coverage: 19952024 · Updated: 2026-07-17

Global trade

$12.2B

-12.1% YoY

3Y / 5Y CAGR

-3.2%

5Y: +7.6%

Supply structure

Moderately concentrated

HHI 0.200

Volatility

Low

Score 10/100

1.

Market movement

In 2024, oil seeds: low erucic acid rape or colza seeds, whether or not broken trade exhibited significant decline, with global flows reaching $12,228,279,825 and a three-year compound annual growth rate of -3.2% (five-year: +7.6%). The all-time peak of $15,606,583,963 was recorded in 2022; the current level is 22% below that high-water mark.

Over the 30-year observation window (19952024), 55% of years recorded positive growth, indicating a mildly upward trajectory with periodic contractions. Trend momentum is decelerating (-4.5% acceleration).

2.

Supply & demand structure

The supply side is moderately concentrated (Herfindahl-Hirschman Index 0.200). The three largest exporters — Canada ($4.3B), Australia ($2.8B), and Ukraine ($2.1B) — collectively dominate supply flows. The leading exporter has grown at -6.4% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.125). The three largest import markets are China ($2.9B), Germany ($2.5B), and Belgium ($1.1B). The largest importing market sources from 6 different supplying countries.

The dominant trade corridor is Canada → China at $2.9B, representing 100.0% of the importer's total demand.

3.

Risk profile & trade outlook

The volatility score for oil seeds: low erucic acid rape or colza seeds, whether or not broken is 10 out of 100, classified as low. Trade flows are relatively stable compared to other HS6 products, suggesting mature supply chains and predictable demand.

For market entrants, contracting demand signals caution before committing resources. A moderately concentrated market rewards differentiated positioning and strategic partner selection.

Data confidence is rated "High" based on reporting coverage and consistency across OECD member and partner countries.

Historical evidence

Annual trade value 19952024

Peak: $15,606,583,963 in 2022. Currently 22% below peak.

YearGlobal trade (USD)YoY growth
2015$8,760,189,349-18.4%
2016$8,758,521,860-0.0%
2017$10,531,039,507+20.2%
2018$9,756,780,726-7.4%
2019$8,486,037,794-13.0%
2020$9,765,820,284+15.1%
2021$13,465,729,020+37.9%
2022$15,606,583,963+15.9%
2023$13,913,626,259-10.8%
2024$12,228,279,825-12.1%

Top exporting countries

Ranked by export value of oil seeds: low erucic acid rape or colza seeds, whether or not broken in 2024.

View all 85 exporters →

Top importing markets

Largest import destinations for oil seeds: low erucic acid rape or colza seeds, whether or not broken.

View all 102 markets →

Leading trade corridors

Largest bilateral export flows for oil seeds: low erucic acid rape or colza seeds, whether or not broken, ranked by value. Click any country to view its full profile.

#ExporterImporterValue 20243Y CAGR
1CanadaChina$2.9B+29.2%
2UkraineGermany$780.2M+17.9%
3AustraliaJapan$542.6M+50.1%
4CanadaJapan$494.2M-27.8%
5AustraliaGermany$445.5M-5.9%
6AustraliaBelgium$402.7M-2.8%
7UkraineBelgium$389.4M+22.0%
8AustraliaPakistan$326.8M+63.5%

Showing top 8 of 10 corridors with available data for 2024.

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Sources, definitions & methodology

Data source

OECD Bilateral International Merchandise Trade Statistics (BIMTS). Aggregated from 312M+ reported trade records across 200+ countries and 5,300+ HS6 product codes. Coverage: 19952024.

Key indicators

HHI (Herfindahl-Hirschman Index): market concentration, 0 = fully diversified, 1 = single player. CAGR: compound annual growth rate over a stated period. Volatility score: trade value variability, 0–100 scale.

How this page is made

All statistical content on this page is data-driven, composed programmatically from live OECD trade records. No generic AI-generated prose is used. Analytical paragraphs combine real data points with factual interpretation. This page was last refreshed on 2026-07-17.