Global Castor Oil Seed Market 2020

Castor Oil Seed Market Size

The global castor oil seed market revenue amounted to $-X in 2017, picking up by X% against the previous year. Overall, castor oil seed consumption continues to indicate a modest expansion. The most prominent rate of growth was recorded in 2013, when it surged by X% against the previous year. Over the period under review, the global castor oil seed market attained its maximum level of $X in 2008; however, from 2009 to 2017, it stood at a somewhat lower level.

Castor Oil Seed Production

In 2017, the global average yield of castor oil seed stood at X kg per ha, surging by X% against the previous year. The yield figure increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2008, with an increase of X% y-o-y. Global 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.

Global castor oil seed harvested area totaled X ha in 2017, coming up by X% against the previous year. The harvested area increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2011, when it surged by X% year-to-year. In that year, the global castor oil seed harvested area reached their peak figure of X ha. From 2012 to 2017, growth of the global castor oil seed harvested area failed to regain its momentum.

Castor Oil Seed Exports

Exports 2007-2017

In 2017, the global castor oil seed exports totaled X tons, jumping by X% against the previous year. In general, the total exports 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. Based on 2017 figures, the castor oil seed exports increased by +X% against 2014 indices. The growth pace was the most rapid in 2012, when exports increased by X% against the previous year. Over the period under review, the global castor oil seed exports reached its maximum volume in 2017, and are expected to retain its growth in the near future.

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

Exports by Country

India dominates castor oil seed exports structure, recording X tons, which was near X% of total exports in 2017. The Netherlands (X tons), France (X tons) and Germany (X tons) occupied the slight share 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. From 2007 to 2017, the share of India decreased by -X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest castor oil seed supplier worldwide, making up X% of global exports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of global exports. It was followed by France, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in India stood at +X%. In the other countries, the average annual rates were as follows: the Netherlands (+X% per year) and France (+X% per year).

Export Prices by Country

In 2017, the average castor oil seed export price amounted to $X per ton, surging by X% against the previous year. In general, the export price indicated a temperate 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. The most prominent rate of growth was recorded in 2011, when it surged by X% y-o-y. In that year, the average export prices for castor oil seed attained their peak level of $X per ton. From 2012 to 2017, growth of the average export prices for castor oil seed stood at a somewhat lower level.

Average export prices varied somewhat amongst the major exporting countries. In 2017, major exporting countries recorded the following export prices: in Germany ($X per ton) and France ($X per ton), while India ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by India (+X% per year), while the other global leaders experienced more modest paces of growth.

Castor Oil Seed Imports

Imports 2007-2017

Global imports totaled X tons in 2017, going up by X% against the previous year. The total import volume increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations over the period under review. The most prominent rate of growth was recorded in 2010, with an increase of X% y-o-y. Global imports peaked in 2017, and are expected to retain its growth in the near future.

In value terms, castor oil seed imports totaled $X in 2017. Overall, the total imports indicated a prominent increase from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Over the period under review, the global 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.

Imports by Country

China represented the key importing country with an import of about X tons, which reached X% of total imports. France (X tons) ranks second in terms of the global imports with a X% share, followed by the U.S. (X%), Germany (X%) and the Netherlands (X%). The following importers - Thailand (X tons), Japan (X tons), Italy (X tons), Belgium (X tons) and the UK (X tons) together made up X% of total imports.

Imports into China increased at an average annual rate of +X% from 2007 to 2017. At the same time, Belgium (+X%), Thailand (+X%), the U.S. (+X%), Italy (+X%), Germany (+X%), the Netherlands (+X%) and the UK (+X%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest growing importer in the world, with a CAGR of +X% from 2007-2017. France and Japan experienced a relatively flat trend pattern. Germany (-X%), the U.S. (-X%), Thailand (-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 ($X) constitutes the largest market for imported castor oil seed worldwide, making up X% of global imports. The second position in the ranking was occupied by the U.S. ($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. The remaining importing countries recorded the following average annual rates of imports growth: the U.S. (+X% per year) and France (+X% per year).

Import Prices by Country

The average castor oil seed import price stood at $X per ton in 2017, going up by X% against the previous year. In general, the import price indicated a moderate 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. The pace of growth was the most pronounced in 2011, an increase of X% against the previous year. In that year, the average import prices for castor oil seed attained their peak level of $X per ton. From 2012 to 2017, growth of the average import prices for castor oil seed failed to regain its momentum.

Import prices varied noticeably by the country of destination; the country with the highest import price was the UK ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by the U.S. (+X% per year), while the other global leaders experienced more modest paces of growth.

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Source: IndexBox Platform