Australia: Castor Oil Seed Market 2020

Castor Oil Seed Market Size in Australia

The revenue of the castor oil seed market in Australia amounted to $X in 2017, rising by X% against the previous year. In general, castor oil seed consumption continues to indicate a prominent increase. The growth pace was the most rapid in 2015, with an increase of X% y-o-y. In that year, the castor oil seed market attained their peak level of $X. From 2016 to 2017, growth of the castor oil seed market failed to regain its momentum.

Castor Oil Seed Production in Australia

In 2017, castor oil seed production in Australia totaled 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 Australia 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 Australia stood at X kg per ha, remaining relatively unchanged against the previous year. In general, 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.

Castor oil seed harvested area in Australia totaled X ha in 2017, approximately mirroring the previous year. In general, castor oil seed harvested area continues to indicate a relatively flat trend pattern.

Castor Oil Seed Exports from Australia

In 2017, approx. X tons of castor oil seed were exported from Australia; reducing by -X% against the previous year. In general, castor oil seed exports continue to indicate an abrupt decline. The pace of growth appeared the most rapid in 2011, when exports increased by X% y-o-y. Over the period under review, the castor oil seed exports attained its peak figure volume of X tons in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

In value terms, castor oil seed exports amounted to $X in 2017. Overall, castor oil seed exports continue to indicate a relatively flat trend pattern. Australia exports peaked of $X in 2012; however, from 2013 to 2017, it failed to regain its momentum.

Castor Oil Seed Exports by Country from Australia

India dominates castor oil seed exports structure, recording X tons, which was approx. X% of total exports in 2017. The following exporters - the Netherlands (X tons), France (X tons) and Germany (X tons) together made up X% 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. While the share of India (-X%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

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

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

In 2017, the castor oil seed export price in Australia amounted to $X per ton, surging by X% against the previous year. In general, the export price indicated a prominent 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. Based on 2017 figures, the castor oil seed export price decreased by -X% against 2015 indices. The pace of growth appeared the most rapid in 2014, when it surged by X% y-o-y. Over the period under review, the export prices for castor oil seed reached its maximum level of $X per ton in 2010; however, from 2011 to 2017, it failed to regain its momentum.

Export prices varied noticeably by the country of destination; the country with the highest export price was Germany ($X per ton), while India ($X per ton) 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 Australia

In 2017, imports of castor oil seed into Australia amounted to X tons, coming up by X% against the previous year. In general, castor oil seed imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010, when imports increased by X% y-o-y. In that year, the castor oil seed imports reached their peak volume of X tons. From 2011 to 2017, growth of the castor oil seed imports stood at a somewhat lower level.

In value terms, castor oil seed imports stood at $X in 2017. In general, castor oil seed imports continue to indicate a tangible expansion. Australia imports peaked of $X in 2011; however, from 2012 to 2017, it failed to regain its momentum.

Castor Oil Seed Imports by Country into Australia

China was the main importer of castor oil seed in the world, with the volume of imports finishing at X tons, which was approx. X% of total imports in 2017. The U.S. (X tons) held a X% share (based on tons) of total imports, which put it in second place, followed by France (X%), Germany (X%) and the Netherlands (X%). The following importers - Thailand (X tons), Japan (X tons), Italy (X tons) and South Korea (X tons) together made up X% 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. From 2007 to 2017, the share of Thailand, the U.S. and China decreased by -X%, -X% and -X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

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: the U.S. (+X% per year) and France (+X% per year).

Castor Oil Seed Import Prices by Country in Australia

The castor oil seed import price in Australia stood at $X per ton in 2017, rising by X% against the previous year. In general, the import price indicated a pronounced 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 pace of growth was the most pronounced in 2017, an increase of X% y-o-y. Over the period under review, the import prices for castor oil seed reached its maximum level of $X per ton in 2011; however, from 2012 to 2017, it 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 ($X per ton) and Germany ($X per ton), while Thailand ($X per ton) and China ($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 France (+X% per year), while the other leaders experienced more modest paces of growth.

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Source: IndexBox Platform