Indonesia: Castor Oil Seed Market Overview 2020

Castor Oil Seed Market Size in Indonesia

The revenue of the castor oil seed market in Indonesia amounted to $X in 2017, increasing by X% against the previous year. In general, castor oil seed consumption continues to indicate a strong growth. The most prominent rate of growth was recorded in 2008, when market value increased by X% y-o-y. Indonesia castor oil seed consumption peaked in 2017, and is expected to retain its growth in the near future.

Castor Oil Seed Production in Indonesia

In 2017, castor oil seed production in Indonesia totaled X kg, approximately mirroring the previous year. Overall, castor oil seed production continues to indicate a relatively flat trend pattern. Castor oil seed output in Indonesia indicated a relatively flat trend pattern, which was largely conditioned by a relatively flat trend pattern of the harvested area and a remarkable increase in yield figures.

In 2017, average castor oil seed yield in Indonesia stood at X kg per X has, going up by X% against the previous year. Overall, the yield indicated a strong 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 yield increased by +X% against 2013 indices. The most prominent rate of growth was recorded in 2008, with an increase of X% against the previous year. Over the period under review, the castor oil seed yield reached its peak figure level of X kg per X has in 2011; however, from 2012 to 2017, it failed to regain its momentum. 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 Indonesia stood at X ha in 2017, coming down by -X% against the previous year. In general, castor oil seed harvested area continues to indicate a significant decline. The growth pace was the most rapid in 2011, when it surged by X% year-to-year. Indonesia castor oil seed harvested area peaked of X ha in 2012; however, from 2013 to 2017, it failed to regain its momentum.

Castor Oil Seed Exports from Indonesia

Castor oil seed exports from Indonesia stood at X tonnes in 2017, falling by -X% against the previous year. Overall, castor oil seed exports continue to indicate an abrupt downturn. The growth pace was the most rapid in 2014, when exports increased by X% year-to-year. In that year, the castor oil seed exports reached their peak volume of X tonnes. From 2015 to 2017, growth of the castor oil seed exports failed to regain its momentum.

In value terms, castor oil seed exports amounted to $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 2015 to 2017, growth of the castor oil seed exports stood at a somewhat lower level.

Castor Oil Seed Exports by Country from Indonesia

India prevails in castor oil seed exports structure, recording 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 ($X) remains the largest castor oil seed supplier from Indonesia, making up X% of global exports. The second position in the ranking was occupied by the Netherlands ($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 Indonesia

The castor oil seed export price in Indonesia stood at $X per tonne in 2017, jumping by X% against the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2011, when the export prices increased by X% year-to-year. Over the period under review, the export prices for castor oil seed reached its maximum level of $X per tonne in 2012; however, from 2013 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 ($X per tonne), while India ($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 Indonesia

In 2017, the amount of castor oil seed imported into Indonesia totaled X tonnes, coming up by X% against the previous year. In general, the total imports indicated a prominent increase 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 increased by +X% against 2012 indices. The pace of growth was the most pronounced in 2010, when it surged by X% year-to-year. Over the period under review, the castor oil seed imports reached its peak figure 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. In general, castor oil seed imports continue to indicate a strong growth. Indonesia imports peaked of $X in 2011; however, from 2012 to 2017, it failed to regain its momentum.

Castor Oil Seed Imports by Country into Indonesia

China represented the major importer of castor oil seed in the world, with the volume of imports finishing at X tonnes, which was approx. X% of total imports in 2017. It was distantly followed by the U.S. (X tonnes), France (X tonnes), Germany (X tonnes) and the Netherlands (X tonnes), together constituting X% share of total imports. 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. 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 ($X) constitutes the largest market for imported castor oil seed into Indonesia, making up X% of global imports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of global imports. It was followed by France, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in China totaled +X%. 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 Indonesia

In 2017, the castor oil seed import price in Indonesia amounted to $X per tonne, flattening at the previous year. Overall, castor oil seed import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011, when the import prices increased 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 AI Platform