Pakistan: Castor Oil Seed Market 2020

Castor Oil Seed Market Size in Pakistan

The revenue of the castor oil seed market in Pakistan amounted to $X in 2017, picking up by X% against the previous year. In general, castor oil seed consumption continues to indicate a skyrocketing increase. The most prominent rate of growth was recorded in 2010, with an increase of X% year-to-year. Over the period under review, the castor oil seed market attained its peak figure level in 2017, and is expected to retain its growth in the immediate term.

Castor Oil Seed Production in Pakistan

In 2017, approx. X tons of castor oil seed were produced in Pakistan; rising by X% against the previous year. The total output volume increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2012, with an increase of X% against the previous year. Pakistan castor oil seed production peaked in 2017, and is expected to retain its growth in the immediate term. Castor oil seed output in Pakistan indicated a temperate growth, which was largely conditioned by a measured growth of the harvested area and a strong increase in yield figures.

Average yield of castor oil seed in Pakistan totaled X kg per X has in 2017, picking up by X% against the previous year. Overall, the yield indicated a prominent increase 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 pace of growth appeared the most rapid in 2008, with an increase of X% against the previous year. In that year, the castor oil seed yield reached their peak level of X kg per X has. From 2009 to 2017, growth of the castor oil seed yield 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.

In 2017, approx. X ha of castor oil seed were harvested in Pakistan; flattening at the previous year. The harvested area increased an average annual rate of +X% from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2009, when harvested area increased by X% against the previous year. Pakistan castor oil seed harvested area peaked of X ha in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

Castor Oil Seed Exports from Pakistan

Castor oil seed exports from Pakistan amounted to X tons in 2017, going down by -X% against the previous year. In general, castor oil seed exports continue to indicate a drastic deduction. The growth pace was the most rapid in 2011, when it surged by X% y-o-y. Pakistan exports peaked of X tons in 2007; however, from 2008 to 2017, it failed to regain its momentum.

In value terms, castor oil seed exports totaled $X in 2017. Overall, castor oil seed exports continue to indicate a deep setback. Over the period under review, the castor oil seed exports attained its peak figure level of $X in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Castor Oil Seed Exports by Country from Pakistan

India prevails in castor oil seed exports structure, amounting to X tons, which was near 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 ($X) remains the largest castor oil seed supplier from Pakistan, making up X% of global exports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of global exports. It was followed by France, with a X% share.

In India, castor oil seed exports increased 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 Pakistan

In 2017, the castor oil seed export price in Pakistan amounted to $X per ton, dropping by -X% against the previous year. Overall, the export price indicated a prominent 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. Based on 2017 figures, the castor oil seed export price increased by +X% against 2013 indices. The pace of growth appeared the most rapid in 2008, an increase of X% against the previous year. Pakistan export price peaked of $X per ton in 2016, and then declined slightly in the following year.

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 ($X per ton), while India ($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 Pakistan

In 2017, the amount of castor oil seed imported into Pakistan totaled X tons, lowering by -X% against the previous year. Overall, castor oil seed imports continue to indicate a skyrocketing growth. The pace of growth was the most pronounced in 2013, with an increase of X% year-to-year. Over the period under review, the castor oil seed imports attained its maximum volume of X tons in 2016, and then declined slightly in the following year.

In value terms, castor oil seed imports totaled $X in 2017. In general, castor oil seed imports continue to indicate an outstanding growth. Over the period under review, the castor oil seed imports attained its peak figure level in 2017, and are likely to continue its growth in the immediate term.

Castor Oil Seed Imports by Country into Pakistan

China was the key importing country with an import of about X tons, which accounted for X% of total imports. The U.S. (X tons) held the second position in the ranking, followed by France (X tons), Germany (X tons) and the Netherlands (X tons). All these countries together held approx. X% share of total imports. Thailand (X tons), Japan (X tons), Italy (X tons) and South Korea (X tons) 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 ($X) constitutes the largest market for imported castor oil seed into Pakistan, making up X% of global imports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of global imports. It was followed by France, with a X% share.

In China, castor oil seed imports increased 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 Pakistan

In 2017, the castor oil seed import price in Pakistan amounted to $X per ton, jumping by X% against the previous year. Overall, the import price indicated a remarkable 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 import price increased by +X% against 2015 indices. The pace of growth was the most pronounced in 2017, when it surged by X% against the previous year. In that year, the import prices for castor oil seed attained 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 ($X per ton) and Germany ($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