Saudi Arabia: Castor Oil Seed Market 2020

Castor Oil Seed Market Size in Saudi Arabia

The revenue of the castor oil seed market in Saudi Arabia amounted to $X in 2017, increasing by X% against the previous year. Overall, castor oil seed consumption continues to indicate a skyrocketing growth. The growth pace was the most rapid in 2011, when market value increased by X% against the previous year. Over the period under review, the castor oil seed market attained its maximum level in 2017, and is likely to see steady growth in the near future.

Castor Oil Seed Production in Saudi Arabia

In 2017, castor oil seed production in Saudi Arabia amounted to X kg, therefore, remained relatively stable against the previous year. In general, castor oil seed production continues to indicate a relatively flat trend pattern. Castor oil seed output in Saudi Arabia 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 Saudi Arabia totaled X kg per ha, approximately mirroring 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.

In 2017, castor oil seed harvested area in Saudi Arabia amounted to X ha, therefore, remained relatively stable against the previous year. In general, castor oil seed harvested area continues to indicate a relatively flat trend pattern.

Castor Oil Seed Exports from Saudi Arabia

In 2017, the amount of castor oil seed exported from Saudi Arabia amounted to X kg, coming down by -X% against the previous year. Overall, castor oil seed exports continue to indicate a dramatic shrinkage. The most prominent rate of growth was recorded in 2011, when it surged by X% against the previous year. Saudi Arabia exports peaked of X tons in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

In value terms, castor oil seed exports amounted to $X in 2017. In general, castor oil seed exports continue to indicate a precipitous setback. Saudi Arabia exports peaked of $X in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

Castor Oil Seed Exports by Country from Saudi Arabia

India prevails in castor oil seed exports structure, resulting at 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. India (-X%) significantly weakened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

The castor oil seed export price in Saudi Arabia stood at $X per ton in 2017, shrinking by -X% against the previous year. Overall, castor oil seed export price continues to indicate a strong increase. The growth pace was the most rapid in 2008, an increase of X% year-to-year. Saudi Arabia export price peaked of $X per ton in 2010; however, from 2011 to 2017, it stood at a somewhat lower level.

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 Saudi Arabia

Castor oil seed imports into Saudi Arabia amounted to X tons in 2017, picking up by X% against the previous year. Overall, castor oil seed imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2010, when it surged by X% year-to-year. Saudi Arabia imports peaked of X tons in 2012; however, from 2013 to 2017, it failed to regain its momentum.

In value terms, castor oil seed imports totaled $X in 2017. Overall, castor oil seed imports continue to indicate a conspicuous growth. 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 Saudi Arabia

In 2017, China (X tons) represented the main importer for castor oil seed, generating X% of total imports. The U.S. (X tons) occupied 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%). 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. 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 ($X) constitutes the largest market for imported castor oil seed into Saudi Arabia, making up X% of global imports. The second position in the ranking was occupied by the U.S. ($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 stood at +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 Saudi Arabia

In 2017, the castor oil seed import price in Saudi Arabia amounted to $X per ton, coming up by X% against the previous year. Overall, the import price indicated a measured 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 most prominent rate of growth was recorded in 2011, an increase of X% against the previous year. In that year, the import prices for castor oil seed attained their peak level of $X per ton. From 2012 to 2017, growth of the import prices for castor oil seed stood at a somewhat lower level.

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