Turkey: Castor Oil Seed Market Overview 2020

Castor Oil Seed Market Size in Turkey

The revenue of the castor oil seed market in Turkey amounted to $X in 2017, growing by X% against the previous year. Overall, castor oil seed consumption continues to indicate a prominent expansion. The growth pace was the most rapid in 2014, when market value increased by X% y-o-y. Over the period under review, the castor oil seed market reached its maximum level in 2017, and is likely to continue its growth in the near future.

Castor Oil Seed Production in Turkey

In 2017, approx. X kg of castor oil seed were produced in Turkey; remaining stable against the previous year. Overall, castor oil seed production continues to indicate a relatively flat trend pattern. Castor oil seed output in Turkey 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 yield of castor oil seed in Turkey totaled X kg per ha, standing approx. at the previous year. Overall, 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, approx. X ha of castor oil seed were harvested in Turkey; leveling off at the previous year. In general, castor oil seed harvested area continues to indicate a relatively flat trend pattern.

Castor Oil Seed Exports from Turkey

In 2017, approx. X tonnes of castor oil seed were exported from Turkey; coming up by X% against the previous year. Overall, castor oil seed exports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2015, when exports increased by X% y-o-y. Turkey exports peaked of X tonnes in 2008; however, from 2009 to 2017, it failed to regain its momentum.

In value terms, castor oil seed exports stood at $X in 2017. Overall, castor oil seed exports continue to indicate a tangible expansion. In that year, the castor oil seed exports attained their peak level of $X. From 2009 to 2017, growth of the castor oil seed exports stood at a somewhat lower level.

Castor Oil Seed Exports by Country from Turkey

India dominates castor oil seed exports structure, accounting for X tonnes, which was approx. X% of total exports in 2017. The following exporters - the Netherlands (X tonnes), France (X tonnes) and Germany (X tonnes) 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 ($X) remains the largest castor oil seed supplier from Turkey, making up X% of global exports. The second position in the ranking was occupied by the Netherlands ($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 Turkey

The castor oil seed export price in Turkey stood at $X per tonne in 2017, jumping by X% against the previous year. In general, castor oil seed export price continues to indicate a mild deduction. The most prominent rate of growth was recorded in 2014, when it surged by X% year-to-year. In that year, the export prices for castor oil seed attained their peak level of $X per tonne. From 2015 to 2017, growth of the export prices for castor oil seed 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 ($X per tonne), while India ($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 Turkey

In 2017, approx. X tonnes of castor oil seed were imported into Turkey; rising by X% against the previous year. In general, the total imports indicated a strong 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. The most prominent rate of growth was recorded in 2017, when imports increased by X% against the previous year. In that year, the castor oil seed imports reached 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. In general, castor oil seed imports continue to indicate a prominent increase. Over the period under review, the castor oil seed imports reached its peak figure level in 2017, and are likely to see steady growth in the immediate term.

Castor Oil Seed Imports by Country into Turkey

China was the major importing country with an import of about X tonnes, which recorded X% of total imports. The U.S. (X tonnes) occupied a X% share (based on tonnes) of total imports, which put it in second place, followed by France (X%), Germany (X%) and the Netherlands (X%). Thailand (X tonnes), Japan (X tonnes), Italy (X tonnes) and South Korea (X tonnes) occupied the slight share 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 ($X) constitutes the largest market for imported castor oil seed into Turkey, making up X% of global imports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of global imports. It was followed by France, with a X% share.

In China, castor oil seed imports 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: the U.S. (+X% per year) and France (+X% per year).

Castor Oil Seed Import Prices by Country in Turkey

The castor oil seed import price in Turkey stood at $X per tonne in 2017, going up by X% against the previous year. Overall, the import price indicated a measured increase 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 2011 indices. The growth pace was the most rapid in 2011, an increase of X% y-o-y. 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