Belgium: Castor Oil Seed Market Overview 2020

Castor Oil Seed Market Size in Belgium

The revenue of the castor oil seed market in Belgium amounted to $X in 2017, coming up by X% against the previous year. Overall, castor oil seed consumption continues to indicate a remarkable growth. The pace of growth was the most pronounced in 2011, with an increase of X% against the previous year. In that year, the castor oil seed market attained their peak level of $X. From 2012 to 2017, growth of the castor oil seed market failed to regain its momentum.

Castor Oil Seed Production in Belgium

In 2017, approx. X kg of castor oil seed were produced in Belgium; remaining stable against the previous year. In general, castor oil seed production continues to indicate a relatively flat trend pattern. Castor oil seed output in Belgium 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 Belgium stood at X kg per ha, remaining constant against 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, the total area harvested in terms of castor oil seed production in Belgium amounted to X ha, flattening at the previous year. In general, castor oil seed harvested area continues to indicate a relatively flat trend pattern.

Castor Oil Seed Exports from Belgium

In 2017, approx. X tonnes of castor oil seed were exported from Belgium; jumping by X% against the previous year. Overall, castor oil seed exports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2014, when it surged by X% year-to-year. Belgium exports peaked in 2017, and are expected to retain its growth in the near future.

In value terms, castor oil seed exports amounted to $X in 2017. In general, castor oil seed exports continue to indicate an outstanding expansion. Belgium exports peaked in 2017, and are expected to retain its growth in the near future.

Castor Oil Seed Exports by Country from Belgium

India prevails in castor oil seed exports structure, finishing at X tonnes, which was near X% of total exports in 2017. The Netherlands (X tonnes), France (X tonnes) and Germany (X tonnes) held the mild 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. 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 ($X) remains the largest castor oil seed supplier from Belgium, making up X% of global exports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of global exports. It was followed by France, with a X% share.

From 2007 to 2017, the average annual growth rate of value in India stood at +X%. In the other countries, the average annual rates were as follows: the Netherlands (+X% per year) and France (+X% per year).

Castor Oil Seed Export Prices by Country in Belgium

The castor oil seed export price in Belgium stood at $X per tonne in 2017, coming up by X% against the previous year. Overall, the export price indicated a modest 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 increased by +X% against 2015 indices. The pace of growth was the most pronounced in 2010, when the export prices increased by X% against the previous year. Belgium export price peaked of $X per tonne in 2013; however, from 2014 to 2017, it failed to regain its momentum.

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 Belgium

In 2017, approx. X tonnes of castor oil seed were imported into Belgium; surging by X% against the previous year. Overall, castor oil seed imports continue to indicate a remarkable expansion. The most prominent rate of growth was recorded in 2014, when it surged by X% year-to-year. Over the period under review, the castor oil seed imports attained its peak figure volume in 2017, and are expected to retain its growth in the near future.

In value terms, castor oil seed imports amounted to $X in 2017. Overall, castor oil seed imports continue to indicate a strong increase. Belgium imports peaked in 2017, and are expected to retain its growth in the immediate term.

Castor Oil Seed Imports by Country into Belgium

China was the major importer of castor oil seed in the world, with the volume of imports amounting to X tonnes, which was near X% of total imports in 2017. The U.S. (X tonnes) ranks second in terms of the global imports with a X% share, followed by France (X%), Germany (X%) and the Netherlands (X%). Thailand (X tonnes), Japan (X tonnes), Italy (X tonnes) and South Korea (X tonnes) took the slight 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. 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 ($X) constitutes the largest market for imported castor oil seed into Belgium, making up X% of global imports. The second position in the ranking was occupied by the U.S. ($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. In the other countries, the average annual rates were as follows: the U.S. (+X% per year) and France (+X% per year).

Castor Oil Seed Import Prices by Country in Belgium

In 2017, the castor oil seed import price in Belgium amounted to $X per tonne, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2017, when the import prices increased by X% against the previous year. In that year, the import prices for castor oil seed reached their peak level, and is likely to continue its growth in the immediate term.

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