South-Eastern Asia: Castor Oil Seed Market 2020

Castor Oil Seed Market Size in South-Eastern Asia

The revenue of the castor oil seed market in South-Eastern Asia amounted to $X in 2017, surging by X% against the previous year. The castor oil seed consumption continues to indicate a prominent growth. The pace of growth was the most pronounced in 2008, 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 2011; however, from 2012 to 2017, it failed to regain its momentum.

Castor Oil Seed Production in South-Eastern Asia

In 2017, production of castor oil seed in South-Eastern Asia totaled X tons, remaining constant against the previous year. The castor oil seed production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014, with an increase of X% against the previous year. The volume of castor oil seed production peaked in 2017, and is expected to retain its growth in the near future. The general positive trend in terms of castor oil seed output was largely conditioned by a relatively flat trend pattern of the harvested area and a relatively flat trend pattern in yield figures.

The country with the largest volume of castor oil seed production was Myanmar (X tons), accounting for X% of total production.

In Myanmar, castor oil seed production remained relatively stable over the period from 2007-2017.

The average castor oil seed yield totaled X kg per X has in 2017, remaining relatively unchanged against the previous year. The castor oil seed yield continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2010, with an increase of X% y-o-y. The level of castor oil seed yield peaked in 2017, and is likely to continue its growth in the near future. 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 South-Eastern Asia amounted to X ha, remaining stable against the previous year. The castor oil seed harvested area continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009, when harvested area increased by X% y-o-y. In that year, the castor oil seed harvested area reached their peak figure of X ha. From 2010 to 2017, growth of the castor oil seed harvested area failed to regain its momentum.

Castor Oil Seed Exports

Exports in South-Eastern Asia

In 2017, approx. X tons of castor oil seed were exported in South-Eastern Asia; increasing by X% against the previous year. The castor oil seed exports continue to indicate a mild slump. The growth pace was the most rapid in 2017, when exports increased by X% against the previous year. Over the period under review, the castor oil seed exports reached its peak figure volume of X tons in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

In value terms, castor oil seed exports totaled $X in 2017. The castor oil seed exports continue to indicate a pronounced slump. 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 failed to regain its momentum.

Exports by Country

Thailand (X tons) and Malaysia (X tons) prevails in castor oil seed exports structure, together creating X% of total exports. It was distantly followed by Myanmar (X tons), committing X% share of total exports. The Philippines (X tons), Indonesia (X tons) and Singapore (X tons) took the weak share of total exports.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Malaysia (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X) remains the largest castor oil seed supplier in South-Eastern Asia, making up X% of global exports. The second position in the ranking was occupied by Malaysia ($X), with a X% share of global exports. It was followed by Myanmar, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in Thailand stood at +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (+X% per year) and Myanmar (-X% per year).

Export Prices by Country

In 2017, the castor oil seed export price in South-Eastern Asia amounted to $X per ton, shrinking by -X% against the previous year. The castor oil seed export price continues to indicate a slight slump. The growth pace was the most rapid in 2011, when it surged by X% y-o-y. In that year, the export prices for castor oil seed reached their peak level of $X per ton. From 2012 to 2017, growth of the export prices for castor oil seed failed to regain its momentum.

Export prices varied noticeably by the country of destination; the country with the highest export price was Singapore ($X per ton), while Malaysia ($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 Philippines (+X% per year), while the other leaders experienced more modest paces of growth.

Castor Oil Seed Imports

Imports in South-Eastern Asia

In 2017, imports of castor oil seed in South-Eastern Asia stood at X tons, surging by X% against the previous year. The castor oil seed imports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2017, with an increase of X% year-to-year. In that year, the castor oil seed imports attained their peak volume, and are likely to continue its growth in the immediate term.

In value terms, castor oil seed imports stood at $X in 2017. The castor oil seed imports continue to indicate a strong expansion. Over the period under review, the castor oil seed imports reached its maximum level of $X in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Imports by Country

Thailand represented the largest importing country with an import of around X tons, which accounted for X% of total imports. Indonesia (X tons) occupied a X% share (based on tons) of total imports, which put it in second place, followed by Malaysia (X%) and Singapore (X%). Vietnam (X tons) followed a long way behind the leaders.

Imports into Thailand increased at an average annual rate of +X% from 2007 to 2017. At the same time, Singapore (+X%), Indonesia (+X%), Vietnam (+X%) and Malaysia (+X%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest growing importer in South-Eastern Asia, with a CAGR of +X% from 2007-2017. While the share of Vietnam (-X%), Malaysia (-X%), Singapore (-X%), Indonesia (-X%) and Thailand (-X%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) constitutes the largest market for imported castor oil seed in South-Eastern Asia, making up X% of global imports. The second position in the ranking was occupied by Indonesia ($X), with a X% share of global imports. It was followed by Malaysia, with a X% share.

In Thailand, castor oil seed imports 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: Indonesia (+X% per year) and Malaysia (+X% per year).

Import Prices by Country

The castor oil seed import price in South-Eastern Asia stood at $X per ton in 2017, shrinking by -X% against the previous year. The castor oil seed import price continues to indicate a slight deduction. The growth pace was the most rapid in 2011, an increase of X% against the previous year. The level of 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 noticeably amongst the major importing countries. In 2017, major importing countries recorded the following import prices: in Malaysia ($X per ton) and Singapore ($X per ton), while Indonesia ($X per ton) and Thailand ($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 Vietnam (+X% per year), while the other leaders experienced mixed trends in the import price figures.

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Source: IndexBox Platform