South Africa: Castor Oil Seed Market 2020

Castor Oil Seed Market Size in South Africa

The revenue of the castor oil seed market in South Africa amounted to $X in 2017, going down by -X% against the previous year. In general, castor oil seed consumption continues to indicate an abrupt setback. The pace of growth appeared the most rapid in 2016, when it surged by X% year-to-year. Over the period under review, the castor oil seed market attained its maximum level of $X in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Castor Oil Seed Production in South Africa

Castor oil seed production in South Africa stood at X kg in 2017, 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 South Africa 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.

Average yield of castor oil seed in South Africa amounted to X kg per X has in 2017, remaining constant against the previous year. Overall, castor oil seed yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010, when yield increased by X% year-to-year. In that year, the castor oil seed yield reached their peak level of X kg per X has. From 2011 to 2017, growth of the castor oil seed yield stood at a somewhat lower level. 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 South Africa totaled X ha in 2017, leveling off at the previous year. In general, castor oil seed harvested area continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2008, with an increase of X% y-o-y. Over the period under review, the harvested area dedicated to castor oil seed production attained its maximum of X ha in 2009; however, from 2010 to 2017, it failed to regain its momentum.

Castor Oil Seed Exports from South Africa

In 2017, approx. X tons of castor oil seed were exported from South Africa; growing by X% against the previous year. In general, castor oil seed exports continue to indicate a remarkable expansion. The pace of growth appeared the most rapid in 2017, with an increase of X% y-o-y. In that year, the castor oil seed exports attained their peak volume, and are likely to continue its growth in the immediate term.

In value terms, castor oil seed exports amounted to $X in 2017. Overall, castor oil seed exports continue to indicate a strong increase. In that year, the castor oil seed exports attained their peak level, and are likely to continue its growth in the immediate term.

Castor Oil Seed Exports by Country from South Africa

India dominates castor oil seed exports structure, resulting at X tons, which was approx. 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 ($X) remains the largest castor oil seed supplier from South Africa, making up X% of global exports. The second position in the ranking was occupied by the Netherlands ($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 totaled +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 South Africa

In 2017, the castor oil seed export price in South Africa amounted to $X per ton, falling by -X% against the previous year. Over the last decade, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2008, when it surged by X% y-o-y. South Africa export price peaked of $X per ton in 2016, and then declined slightly in the following year.

Export prices varied noticeably by the country of destination; 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 South Africa

In 2017, the amount of castor oil seed imported into South Africa amounted to X tons, picking up by X% against the previous year. Overall, castor oil seed imports continue to indicate a deep reduction. The growth pace was the most rapid in 2016, when it surged by X% year-to-year. South Africa imports peaked of X tons in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

In value terms, castor oil seed imports amounted to $X in 2017. Overall, castor oil seed imports continue to indicate a slight descent. 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 stood at a somewhat lower level.

Castor Oil Seed Imports by Country into South Africa

China was the major importer of castor oil seed in the world, with the volume of imports finishing at X tons, which was near X% of total imports in 2017. It was distantly followed by the U.S. (X tons), France (X tons), Germany (X tons) and the Netherlands (X tons), together comprising X% share of total imports. The following importers - Thailand (X tons), Japan (X tons), Italy (X tons) and South Korea (X tons) together made up X% 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. While the share of Thailand (-X%), the U.S. (-X%) and China (-X%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported castor oil seed into South Africa, making up X% of global imports. The second position in the ranking was occupied by the U.S. ($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%. 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 South Africa

The castor oil seed import price in South Africa stood at $X per ton in 2017, falling by -X% against the previous year. Overall, the import price indicated a significant 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 import price decreased by -X% against 2012 indices. The pace of growth was the most pronounced in 2011, when the import prices increased by X% against the previous year. South Africa import price peaked of $X per ton in 2012; however, from 2013 to 2017, it 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.

Source: IndexBox Platform