Colombia: Castor Oil Seed Market 2020

Castor Oil Seed Market Size in Colombia

The revenue of the castor oil seed market in Colombia amounted to $X in 2017, reducing by -X% against the previous year. Overall, castor oil seed consumption continues to indicate a slight deduction. The pace of growth appeared the most rapid in 2012, when it surged by X% y-o-y. Colombia castor oil seed consumption peaked of $X in 2013; however, from 2014 to 2017, it failed to regain its momentum.

Castor Oil Seed Production in Colombia

In 2017, approx. X kg of castor oil seed were produced in Colombia; standing approx. at the previous year. Overall, castor oil seed production continues to indicate a relatively flat trend pattern. Castor oil seed output in Colombia 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 Colombia amounted to X kg per ha, approximately reflecting 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.

Castor oil seed harvested area in Colombia stood at 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.

Castor Oil Seed Exports from Colombia

In 2017, approx. X tons of castor oil seed were exported from Colombia; picking up by X% against the previous year. In general, castor oil seed exports continue to indicate a remarkable growth. The growth pace was the most rapid in 2011, with an increase of X% year-to-year. Colombia exports peaked in 2017, and are expected to retain its growth in the immediate term.

In value terms, castor oil seed exports amounted to $X in 2017. In general, castor oil seed exports continue to indicate a remarkable growth. Colombia exports peaked in 2017, and are likely to continue its growth in the near future.

Castor Oil Seed Exports by Country from Colombia

India dominates castor oil seed exports structure, resulting at X tons, which was approx. X% of total exports in 2017. The Netherlands (X tons), France (X tons) and Germany (X tons) followed a long way behind the leaders.

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 ($X) remains the largest castor oil seed supplier from Colombia, making up X% of global exports. The second position in the ranking was occupied by the Netherlands ($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 amounted to +X%. In the other countries, the average annual rates were as follows: the Netherlands (+X% per year) and France (+X% per year).

Castor Oil Seed Export Prices by Country in Colombia

The castor oil seed export price in Colombia stood at $X per ton in 2017, lowering by -X% against the previous year. Overall, castor oil seed export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009, an increase of X% y-o-y. In that year, the export prices for castor oil seed attained their peak level of $X per ton. From 2010 to 2017, growth of the export prices for castor oil seed failed to regain its momentum.

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 Colombia

In 2017, castor oil seed imports into Colombia totaled X tons, shrinking by -X% against the previous year. In general, castor oil seed imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011, with an increase of X% y-o-y. Over the period under review, the castor oil seed imports reached its peak figure volume of X tons in 2013; however, from 2014 to 2017, it failed to regain its momentum.

In value terms, castor oil seed imports stood at $X in 2017. Overall, castor oil seed imports continue to indicate a temperate growth. Colombia imports peaked of $X in 2013; however, from 2014 to 2017, it failed to regain its momentum.

Castor Oil Seed Imports by Country into Colombia

China represented the main importer of castor oil seed in the world, with the volume of imports recording X tons, which was near X% of total imports in 2017. 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. Thailand (-X%), the U.S. (-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 ($X) constitutes the largest market for imported castor oil seed into Colombia, making up X% of global imports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of global imports. It was followed by France, with a X% share.

In China, castor oil seed imports increased 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).

Castor Oil Seed Import Prices by Country in Colombia

In 2017, the castor oil seed import price in Colombia amounted to $X per ton, jumping by X% against the previous year. Over the last decade, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2008, when it surged by X% year-to-year. Colombia 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