Asia: Castor Oil Seed Market 2020

Castor Oil Seed Market Size in Asia

The revenue of the castor oil seed market in Asia amounted to $-X in 2017, increasing by X% against the previous year. The market value increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2011, when market value increased by X% year-to-year. Over the period under review, the castor oil seed market reached its peak figure level of $-X in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Castor Oil Seed Production in Asia

The average castor oil seed yield stood at X kg per ha in 2017, surging by X% against the previous year. The yield figure increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2008, when it surged by X% year-to-year. In that year, the castor oil seed yield reached their peak level of X kg per ha. From 2009 to 2017, growth of the castor oil seed yield stood at a somewhat lower level. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The castor oil seed harvested area totaled X ha in 2017, surging by X% against the previous year. The total harvested area indicated a pronounced growth from 2007 to 2017: its figure 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 harvested area increased by +X% against 2013 indices. The growth pace was the most rapid in 2011, when harvested area increased by X% year-to-year. In that year, the castor oil seed harvested area attained their peak figure of X ha. From 2012 to 2017, growth of the castor oil seed harvested area failed to regain its momentum.

Castor Oil Seed Exports

Exports in Asia

In 2017, castor oil seed exports in Asia amounted to X tons, increasing by X% against the previous year. The castor oil seed exports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2009, with an increase of X% year-to-year. The volume of exports peaked in 2017, and are expected to retain its growth in the immediate term.

In value terms, castor oil seed exports totaled $X in 2017. The castor oil seed exports continue to indicate a strong expansion. In that year, the castor oil seed exports attained their peak level, and are likely to continue its growth in the immediate term.

Exports by Country

India (X tons) represented roughly X% of total exports of castor oil seed in 2017.

India was also the fastest growing in terms of the castor oil seed exports, with a CAGR of +X% from 2007 to 2017. 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) also remains the largest castor oil seed supplier in Asia.

From 2007 to 2017, the average annual rate of growth in terms of value in India stood at +X%.

Export Prices by Country

In 2017, the castor oil seed export price in Asia amounted to $X per ton, growing by X% against the previous year. The export price indicated a measured expansion 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. The growth pace was the most rapid in 2011, when it surged by X% year-to-year. In that year, the export prices for castor oil seed reached their peak level of $X per ton. From 2012 to 2017, growth of the export prices for castor oil seed failed to regain its momentum.

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

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by India (+X% per year).

Castor Oil Seed Imports

Imports in Asia

The imports totaled X tons in 2017, jumping by X% against the previous year. The castor oil seed imports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2012, when imports increased by X% against the previous year. Over the period under review, the castor oil seed imports reached its maximum volume in 2017, and are likely to continue its growth in the immediate term.

In value terms, castor oil seed imports totaled $X in 2017. The castor oil seed imports continue to indicate a prominent increase. Over the period under review, the castor oil seed imports reached its peak figure level in 2017, and are likely to see steady growth in the near future.

Imports by Country

China prevails in castor oil seed imports structure, recording X tons, which was near X% of total imports in 2017. Thailand (X tons) ranks second in terms of the global imports with a X% share, followed by Japan (X%). South Korea (X tons) and Turkey (X tons) occupied the weak share of total imports.

Imports into China increased at an average annual rate of +X% from 2007 to 2017. At the same time, Thailand (+X%), South Korea (+X%) and Turkey (+X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest growing importer in Asia, with a CAGR of +X% from 2007-2017. Japan experienced a relatively flat trend pattern. Thailand (-X%) and China (-X%) significantly weakened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

In China, castor oil seed imports expanded at an average annual rate of +X% over the period from 2007-2017. The remaining importing countries recorded the following average annual rates of imports growth: Thailand (+X% per year) and Japan (+X% per year).

Import Prices by Country

In 2017, the castor oil seed import price in Asia amounted to $X per ton, rising by X% against the previous year. The import price indicated a measured 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. The pace of growth was the most pronounced in 2011, when the import prices increased by X% y-o-y. In that year, the import prices for castor oil seed reached their peak level of $X per ton. From 2012 to 2017, growth of the import prices for castor oil seed failed to regain its momentum.

Average import prices varied noticeably amongst the major importing countries. In 2017, major importing countries recorded the following import prices: in South Korea ($X per ton) and Turkey ($X per ton), while China ($X per ton) and Japan ($X per ton) were amongst the lowest.

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

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Source: IndexBox Platform