Mexico: Castor Oil Seed Market 2020

Castor Oil Seed Market Size in Mexico

The revenue of the castor oil seed market in Mexico amounted to $X in 2017, shrinking by -X% against the previous year. Overall, castor oil seed consumption continues to indicate a drastic descent. The most prominent rate of growth was recorded in 2010, with an increase of X% against the previous year. In that year, the castor oil seed market attained their peak level of $X. From 2011 to 2017, growth of the castor oil seed market stood at a somewhat lower level.

Castor Oil Seed Production in Mexico

In 2017, production of castor oil seed in Mexico totaled X kg, leveling off at the previous year. Overall, castor oil seed production continues to indicate a relatively flat trend pattern. Castor oil seed output in Mexico indicated a relatively flat trend pattern, which was largely conditioned by a relatively flat trend pattern of the harvested area and a drastic setback in yield figures.

Average yield of castor oil seed in Mexico totaled X kg per X has in 2017, approximately reflecting the previous year. In general, castor oil seed yield continues to indicate a drastic curtailment. The pace of growth was the most pronounced in 2012, when yield increased by X% year-to-year. Mexico castor oil seed yield peaked of X kg per X has in 2007; however, from 2008 to 2017, it stood at a somewhat lower level. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2017, harvested area of castor oil seed in Mexico totaled X ha, flattening at the previous year. Overall, castor oil seed harvested area continues to indicate a relatively flat trend pattern. Mexico castor oil seed harvested area peaked of X ha in 2007; afterwards, it flattened through to 2017.

Castor Oil Seed Exports from Mexico

In 2017, the amount of castor oil seed exported from Mexico amounted to X tons, rising by X% against the previous year. Overall, the total exports indicated a remarkable expansion 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 exports increased by X% against the previous year. In that year, the castor oil seed exports attained their peak volume, and are likely to continue its growth in the immediate term.

In value terms, castor oil seed exports totaled $X in 2017. In general, the total exports indicated a mild 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 decreased by -X% against 2013 indices. Mexico exports peaked of $X in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

Castor Oil Seed Exports by Country from Mexico

India dominates castor oil seed exports structure, finishing at X tons, which was near X% of total exports in 2017. The Netherlands (X tons), France (X tons) and Germany (X tons) occupied the weak 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 ($X) remains the largest castor oil seed supplier from Mexico, making up X% of global exports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of global exports. It was followed by France, with a X% share.

From 2007 to 2017, the average annual growth rate of value in India totaled +X%. 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 Mexico

The castor oil seed export price in Mexico stood at $X per ton in 2017, lowering by -X% against the previous year. In general, castor oil seed export price continues to indicate a drastic decline. The most prominent rate of growth was recorded in 2013, an increase of X% year-to-year. Mexico export price peaked of $X per ton in 2007; however, from 2008 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 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 Mexico

In 2017, imports of castor oil seed into Mexico totaled X tons, dropping by -X% against the previous year. Overall, castor oil seed imports continue to indicate a remarkable expansion. The pace of growth appeared the most rapid in 2010, when imports increased by X% y-o-y. Over the period under review, the castor oil seed imports attained its peak figure volume of X tons in 2016, and then declined slightly in the following year.

In value terms, castor oil seed imports totaled $X in 2017. In general, castor oil seed imports continue to indicate a remarkable growth. Over the period under review, the castor oil seed imports attained its peak figure level of $X in 2011; however, from 2012 to 2017, it failed to regain its momentum.

Castor Oil Seed Imports by Country into Mexico

In 2017, China (X tons) was the major importer for castor oil seed, mixed up X% of total imports. The U.S. (X tons) took 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. From 2007 to 2017, the share of Thailand, the U.S. and China decreased by -X%, -X% and -X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported castor oil seed into Mexico, making up X% of global imports. The second position in the ranking was occupied by the U.S. ($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. 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 Mexico

The castor oil seed import price in Mexico stood at $X per ton in 2017, coming up by X% against the previous year. Overall, the import price indicated a measured 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 appeared the most rapid in 2011, when it surged by X% y-o-y. In that year, the import prices for castor oil seed attained 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 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