Finland: Castor Oil Seed Market Overview 2020

Castor Oil Seed Market Size in Finland

The revenue of the castor oil seed market in Finland amounted to $X in 2017, declining by -X% against the previous year. Overall, castor oil seed consumption continues to indicate a slight growth. The most prominent rate of growth was recorded in 2012, when market value increased by X% year-to-year. Over the period under review, the castor oil seed market attained its peak figure level of $X in 2013; however, from 2014 to 2017, it failed to regain its momentum.

Castor Oil Seed Production in Finland

In 2017, the amount of castor oil seed produced in Finland stood at X kg, remaining constant against the previous year. Overall, castor oil seed production continues to indicate a relatively flat trend pattern. Castor oil seed output in Finland 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 castor oil seed yield in Finland totaled X kg per ha, flattening 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, the total area harvested in terms of castor oil seed production in Finland amounted to X ha, approximately reflecting the previous year. In general, castor oil seed harvested area continues to indicate a relatively flat trend pattern.

Castor Oil Seed Exports from Finland

In 2017, approx. X tonnes of castor oil seed were exported from Finland; picking up by X% against the previous year. Overall, castor oil seed exports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2013, when it surged by X% y-o-y. Finland exports peaked in 2017, and are likely to continue its growth in the near future.

In value terms, castor oil seed exports amounted to $X in 2017. Overall, castor oil seed exports continue to indicate a remarkable growth. Finland exports peaked in 2017, and are likely to see steady growth in the immediate term.

Castor Oil Seed Exports by Country from Finland

India dominates castor oil seed exports structure, resulting at X tonnes, which was approx. X% of total exports in 2017. The Netherlands (X tonnes), France (X tonnes) and Germany (X tonnes) followed a long way behind the leaders.

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. From 2007 to 2017, the share of India decreased by -X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

The castor oil seed export price in Finland stood at $X per tonne in 2017, surging by X% against the previous year. In general, castor oil seed export price continues to indicate a temperate shrinkage. The most prominent rate of growth was recorded in 2011, when the export prices increased by X% year-to-year. In that year, the export prices for castor oil seed reached their peak level of $X per tonne. From 2012 to 2017, growth of the export prices for castor oil seed stood at a somewhat lower level.

Export prices varied noticeably by the country of destination; 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 Finland

In 2017, approx. X tonnes of castor oil seed were imported into Finland; rising by X% against the previous year. Overall, castor oil seed imports continue to indicate a drastic decrease. The growth pace was the most rapid in 2016, when imports increased by X% y-o-y. Over the period under review, the castor oil seed imports reached its maximum volume of X tonnes in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

In value terms, castor oil seed imports totaled $X in 2017. In general, castor oil seed imports continue to indicate a mild shrinkage. Over the period under review, the castor oil seed imports reached its peak figure level of $X in 2011; however, from 2012 to 2017, it failed to regain its momentum.

Castor Oil Seed Imports by Country into Finland

China represented the main importing country with an import of about X tonnes, which accounted for X% of total imports. 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) followed a long way behind the leaders.

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. Thailand (-X%), the U.S. (-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 ($X) constitutes the largest market for imported castor oil seed into Finland, making up X% of global imports. The second position in the ranking was occupied by the U.S. ($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 Finland

In 2017, the castor oil seed import price in Finland amounted to $X per tonne, surging by X% against the previous year. In general, the import price indicated a moderate growth 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 2010, an increase of X% against the previous year. Over the period under review, the import prices for castor oil seed attained its maximum level of $X per tonne 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 ($X per tonne) and Germany ($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 AI Platform