Eastern Asia: Castor Oil Seed Market 2020

Castor Oil Seed Market Size in Eastern Asia

The revenue of the castor oil seed market in Eastern Asia amounted to $X in 2017, increasing by X% against the previous year. The castor oil seed consumption continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2012, 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 immediate term.

Castor Oil Seed Production in Eastern Asia

In 2017, the amount of castor oil seed produced in Eastern Asia totaled X tons, waning by -X% against the previous year. The castor oil seed production continues to indicate an abrupt drop. The most prominent rate of growth was recorded in 2015, when the output figure increased by X% y-o-y. Over the period under review, the castor oil seed production reached its peak figure volume of X tons in 2007; however, from 2008 to 2017, it failed to regain its momentum. The general negative trend in terms of castor oil seed output was largely conditioned by a drastic downturn of the harvested area and a remarkable expansion in yield figures.

Japan (X tons) constituted the country with the largest volume of castor oil seed production, comprising approx. X% of total production.

In Japan, castor oil seed production contracted by an average annual rate of -X% over the period from 2007-2017.

The average castor oil seed yield stood at X kg per X has in 2017, growing by X% against the previous year. The castor oil seed yield continues to indicate a strong increase. The pace of growth appeared the most rapid in 2013, when it surged by X% year-to-year. The level of castor oil seed yield peaked in 2017, and is expected to retain 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, castor oil seed harvested area in Eastern Asia totaled X ha, declining by -X% against the previous year. The castor oil seed harvested area continues to indicate a deep contraction. The pace of growth appeared the most rapid in 2008, with an increase of X% year-to-year. In that year, the castor oil seed harvested area reached their peak figure of X ha. From 2009 to 2017, growth of the castor oil seed harvested area failed to regain its momentum.

Castor Oil Seed Exports

Exports in Eastern Asia

In 2017, castor oil seed exports in Eastern Asia amounted to X tons, increasing by X% against the previous year. The total exports indicated a prominent growth 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 2008 indices. The pace of growth was the most pronounced in 2014, when exports increased by X% year-to-year. The volume of exports peaked in 2017, and are likely to continue its growth in the immediate term.

In value terms, castor oil seed exports totaled $X in 2017. The total exports indicated a prominent growth 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. Based on 2017 figures, the castor oil seed exports increased by +X% against 2011 indices. The level of exports peaked in 2017, and are likely to continue its growth in the near future.

Exports by Country

China was the major exporter of castor oil seed in Eastern Asia, with the volume of exports accounting for X tons, which was approx. X% of total exports in 2017. It was distantly followed by Japan (X tons), creating X% share of total exports. China, Hong Kong SAR (X tons) occupied the weak share of total exports.

China 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, China, Hong Kong SAR (+X%) displayed positive paces of growth. Japan experienced a relatively flat trend pattern. China, Hong Kong SAR (-X%) and China (-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, China ($X) remains the largest castor oil seed supplier in Eastern Asia, making up X% of global exports. The second position in the ranking was occupied by Japan ($X), with a X% share of global exports. It was followed by China, Hong Kong SAR, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in China stood at +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (+X% per year) and China, Hong Kong SAR (+X% per year).

Export Prices by Country

In 2017, the castor oil seed export price in Eastern Asia amounted to $X per ton, standing approx. at the previous year. The castor oil seed export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2008, an increase of X% against the previous year. The level of export price peaked of $X per ton in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Export prices varied noticeably by the country of destination; the country with the highest export price was Japan ($X per ton), while China ($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 Japan (+X% per year), while the other leaders experienced mixed trends in the export price figures.

Castor Oil Seed Imports

Imports in Eastern Asia

In 2017, approx. X tons of castor oil seed were imported in Eastern Asia; picking up by X% against the previous year. The castor oil seed imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2012, when it surged by X% against the previous year. Over the period under review, the castor oil seed imports reached its peak figure volume in 2017, and are likely to see steady growth in the near future.

In value terms, castor oil seed imports stood at $X in 2017. The castor oil seed imports continue to indicate a prominent increase. The level of imports peaked in 2017, and are expected to retain its growth in the near future.

Imports by Country

China prevails in castor oil seed imports structure, amounting to X tons, which was near X% of total imports in 2017. It was distantly followed by Japan (X tons), committing X% share of total imports. 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, South Korea (+X%) displayed positive paces of growth. Japan experienced a relatively flat trend pattern. From 2007 to 2017, the share of South Korea and China decreased by -X% and -X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported castor oil seed in Eastern Asia, making up X% of global imports. The second position in the ranking was occupied by Japan ($X), with a X% share of global imports. It was followed by South Korea, 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: Japan (+X% per year) and South Korea (+X% per year).

Import Prices by Country

The castor oil seed import price in Eastern Asia stood at $X per ton in 2017, growing by X% against the previous year. The import 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 the import prices increased by X% y-o-y. In that year, the import prices for castor oil seed reached their peak level of $X per ton. From 2012 to 2017, growth of the import prices for castor oil seed stood at a somewhat lower level.

Average import prices varied noticeably amongst the major importing countries. In 2017, the country with the highest import price was South Korea ($X per ton), while China ($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 South Korea (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform