Argentina: Castor Oil Seed Market Overview 2020

Castor Oil Seed Market Size in Argentina

The revenue of the castor oil seed market in Argentina amounted to $X in 2017, jumping by X% against the previous year. Overall, castor oil seed consumption continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2017, when market value increased by X% against the previous year. In that year, the castor oil seed market attained their peak level, and is likely to continue its growth in the immediate term.

Castor Oil Seed Production in Argentina

In 2017, production of castor oil seed in Argentina stood at X kg, remaining constant against the previous year. In general, castor oil seed production continues to indicate a relatively flat trend pattern. Castor oil seed output in Argentina indicated a relatively flat trend pattern, which was largely conditioned by a relatively flat trend pattern of the harvested area and a relatively flat trend pattern in yield figures.

In 2017, average yield of castor oil seed in Argentina amounted to X kg per ha, standing approx. at the previous year. Overall, castor oil seed yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2017, harvested area of castor oil seed in Argentina amounted to X ha, remaining stable against the previous year. In general, castor oil seed harvested area continues to indicate a relatively flat trend pattern.

Castor Oil Seed Exports from Argentina

In 2017, the amount of castor oil seed exported from Argentina amounted to X tonnes, surging by X% against the previous year. Overall, castor oil seed exports continue to indicate a drastic deduction. The growth pace was the most rapid in 2017, with an increase of X% year-to-year. Over the period under review, the castor oil seed exports reached its peak figure volume of X tonnes in 2007; however, from 2008 to 2017, it failed to regain its momentum.

In value terms, castor oil seed exports totaled $X in 2017. In general, castor oil seed exports continue to indicate a drastic decline. In that year, the castor oil seed exports reached their peak level of $X. From 2009 to 2017, growth of the castor oil seed exports stood at a somewhat lower level.

Castor Oil Seed Exports by Country from Argentina

India dominates castor oil seed exports structure, reaching X tonnes, which was near X% of total exports in 2017. The Netherlands (X tonnes), France (X tonnes) and Germany (X tonnes) occupied the slight share of total exports.

India was also the fastest growing in terms of the castor oil seed exports, with a CAGR of +X% from 2007 to 2017. At the same time, Germany (+X%) and France (+X%) displayed positive paces of growth. The Netherlands experienced a relatively flat trend pattern. India (-X%) significantly weakened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest castor oil seed supplier from Argentina, making up X% of global exports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of global exports. It was followed by France, with a X% share.

In India, castor oil seed exports expanded at an average annual rate of +X% over the period from 2007-2017. The remaining exporting countries recorded the following average annual rates of exports growth: the Netherlands (+X% per year) and France (+X% per year).

Castor Oil Seed Export Prices by Country in Argentina

The castor oil seed export price in Argentina stood at $X per tonne in 2017, dropping by -X% against the previous year. In general, castor oil seed export price continues to indicate a deep setback. The most prominent rate of growth was recorded in 2008, when it surged by X% y-o-y. In that year, the export prices for castor oil seed attained their peak level of $X per tonne. From 2009 to 2017, growth of the export prices for castor oil seed stood at a somewhat lower level.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Germany ($X per tonne), while India ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by the Netherlands (+X% per year), while the other leaders experienced more modest paces of growth.

Castor Oil Seed Imports into Argentina

In 2017, the amount of castor oil seed imported into Argentina stood at X tonnes, approximately reflecting the previous year. Overall, the total imports indicated a measured expansion from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the castor oil seed imports decreased by -X% against 2014 indices. The growth pace was the most rapid in 2009, when it surged by X% y-o-y. Argentina imports peaked of X tonnes in 2014; however, from 2015 to 2017, it failed to regain its momentum.

In value terms, castor oil seed imports amounted to $X in 2017. Overall, castor oil seed imports continue to indicate a remarkable increase. Argentina imports peaked of $X in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Castor Oil Seed Imports by Country into Argentina

China represented the major importer of castor oil seed in the world, with the volume of imports accounting for X tonnes, which was near X% of total imports in 2017. The U.S. (X tonnes) held a X% share (based on tonnes) of total imports, which put it in second place, followed by France (X%), Germany (X%) and the Netherlands (X%). Thailand (X tonnes), Japan (X tonnes), Italy (X tonnes) and South Korea (X tonnes) occupied the mild share of total imports.

China was also the fastest growing in terms of the castor oil seed imports, with a CAGR of +X% from 2007 to 2017. At the same time, Thailand (+X%), South Korea (+X%), the U.S. (+X%) and Germany (+X%) displayed positive paces of growth. Italy, the Netherlands and France experienced a relatively flat trend pattern. By contrast, Japan (-X%) illustrated a downward trend over the same period. While the share of Thailand (-X%), the U.S. (-X%) and China (-X%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported castor oil seed into Argentina, making up X% of global imports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of global imports. It was followed by France, with a X% share.

From 2007 to 2017, the average annual growth rate of value in China amounted to +X%. The remaining importing countries recorded the following average annual rates of imports growth: the U.S. (+X% per year) and France (+X% per year).

Castor Oil Seed Import Prices by Country in Argentina

In 2017, the castor oil seed import price in Argentina amounted to $X per tonne, growing by X% against the previous year. In general, the import price indicated a modest increase from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the castor oil seed import price decreased by -X% against 2011 indices. The most prominent rate of growth was recorded in 2011, when it surged by X% year-to-year. In that year, the import prices for castor oil seed reached their peak level of $X per tonne. From 2012 to 2017, growth of the import prices for castor oil seed failed to regain its momentum.

Average import prices varied somewhat amongst the major importing countries. In 2017, major importing countries recorded the following import prices: in Italy ($X per tonne) and Germany ($X per tonne), while Thailand ($X per tonne) and China ($X per tonne) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by France (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform