Kazakhstan: Castor Oil Seed Market 2020

Castor Oil Seed Market Size in Kazakhstan

The revenue of the castor oil seed market in Kazakhstan amounted to $X in 2017, shrinking by -X% against the previous year. Overall, castor oil seed consumption continues to indicate a slight reduction. The pace of growth was the most pronounced in 2011, when market value increased by X% y-o-y. Kazakhstan castor oil seed consumption peaked of $X in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Castor Oil Seed Production in Kazakhstan

In 2017, castor oil seed production in Kazakhstan totaled X kg, remaining stable against the previous year. Overall, castor oil seed production continues to indicate a relatively flat trend pattern. Castor oil seed output in Kazakhstan 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 Kazakhstan stood at X kg per ha, approximately equating 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 Kazakhstan totaled X ha in 2017, therefore, remained relatively stable against the previous year. In general, castor oil seed harvested area continues to indicate a relatively flat trend pattern.

Castor Oil Seed Exports from Kazakhstan

In 2017, castor oil seed exports from Kazakhstan amounted to X kg, picking up by X% against the previous year. Overall, castor oil seed exports continue to indicate a prominent increase. The growth pace was the most rapid in 2015, when it surged by X% against the previous year. Over the period under review, the castor oil seed exports attained its maximum volume in 2017, and are expected to retain its growth in the immediate term.

In value terms, castor oil seed exports totaled $X in 2017. Overall, the total exports indicated a remarkable 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. Based on 2017 figures, the castor oil seed exports increased by +X% against 2007 indices. Kazakhstan exports peaked in 2017, and are expected to retain its growth in the near future.

Castor Oil Seed Exports by Country from Kazakhstan

India dominates castor oil seed exports structure, reaching X tons, which was near 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 ($X) remains the largest castor oil seed supplier from Kazakhstan, making up X% of global exports. The second position in the ranking was occupied by the Netherlands ($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).

Castor Oil Seed Export Prices by Country in Kazakhstan

The castor oil seed export price in Kazakhstan stood at $X per ton in 2017, falling by -X% against the previous year. In general, castor oil seed export price continues to indicate a perceptible deduction. The pace of growth appeared the most rapid in 2012, when the export prices increased by X% against the previous year. Over the period under review, the export prices for castor oil seed reached its maximum level of $X per ton in 2014; however, from 2015 to 2017, it 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 Kazakhstan

In 2017, imports of castor oil seed into Kazakhstan stood at X tons, dropping by -X% against the previous year. Overall, castor oil seed imports continue to indicate a drastic slump. The most prominent rate of growth was recorded in 2014, when it surged by X% y-o-y. In that year, the castor oil seed imports attained their peak volume of X tons. From 2015 to 2017, growth of the castor oil seed imports stood at a somewhat lower level.

In value terms, castor oil seed imports totaled $X in 2017. Overall, castor oil seed imports continue to indicate a drastic drop. In that year, the castor oil seed imports attained their peak level of $X. From 2015 to 2017, growth of the castor oil seed imports stood at a somewhat lower level.

Castor Oil Seed Imports by Country into Kazakhstan

China represented the main importing country with an import of around X tons, which recorded X% of total imports. The U.S. (X tons) held the second position in the ranking, followed by France (X tons), Germany (X tons) and the Netherlands (X tons). All these countries together held near X% share of total imports. 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. 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 ($X) constitutes the largest market for imported castor oil seed into Kazakhstan, making up X% of global imports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of global imports. It was followed by France, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in China stood at +X%. 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 Kazakhstan

In 2017, the castor oil seed import price in Kazakhstan amounted to $X per ton, flattening at the previous year. In general, castor oil seed import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016, an increase of X% year-to-year. Kazakhstan import price peaked of $X per ton in 2007; however, from 2008 to 2017, it 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 ($X per ton) and Germany ($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