Norway: Castor Oil Seed Market 2020

Castor Oil Seed Market Size in Norway

The revenue of the castor oil seed market in Norway amounted to $X in 2017, surging by X% against the previous year. Overall, castor oil seed consumption continues to indicate an outstanding growth. The pace of growth appeared the most rapid in 2013, with an increase of X% against the previous year. Norway castor oil seed consumption peaked in 2017, and is likely to see steady growth in the near future.

Castor Oil Seed Production in Norway

Castor oil seed production in Norway totaled X kg in 2017, flattening at the previous year. In general, castor oil seed production continues to indicate a relatively flat trend pattern. Castor oil seed output in Norway 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.

Average yield of castor oil seed in Norway amounted to X kg per ha in 2017, approximately mirroring 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.

In 2017, the total area harvested in terms of castor oil seed production in Norway totaled X ha, remaining relatively unchanged against the previous year. In general, castor oil seed harvested area continues to indicate a relatively flat trend pattern.

Castor Oil Seed Exports from Norway

In 2017, approx. X tons of castor oil seed were exported from Norway; coming up by X% against the previous year. In general, castor oil seed exports continue to indicate a skyrocketing growth. The most prominent rate of growth was recorded in 2017, when it surged by X% y-o-y. In that year, the castor oil seed exports reached their peak volume, and are likely to continue its growth in the immediate term.

In value terms, castor oil seed exports stood at $X in 2017. Overall, castor oil seed exports continue to indicate an outstanding growth. In that year, the castor oil seed exports attained their peak level, and are likely to continue its growth in the immediate term.

Castor Oil Seed Exports by Country from Norway

India prevails in castor oil seed exports structure, amounting to X tons, which was approx. X% of total exports in 2017. The following exporters - the Netherlands (X tons), France (X tons) and Germany (X tons) together made up X% 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. While the share of India (-X%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest castor oil seed supplier from Norway, making up X% of global exports. The second position in the ranking was occupied by the Netherlands ($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 amounted to +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 Norway

In 2017, the castor oil seed export price in Norway amounted to $X per ton, going down by -X% against the previous year. In general, castor oil seed export price continues to indicate a slight reduction. The pace of growth appeared the most rapid in 2012, when it surged by X% y-o-y. In that year, the export prices for castor oil seed reached their peak level of $X per ton. From 2013 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 Norway

Castor oil seed imports into Norway totaled X tons in 2017, surging by X% against the previous year. In general, castor oil seed imports continue to indicate a strong increase. The pace of growth appeared the most rapid in 2015, when imports increased 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 expected to retain its growth in the near future.

In value terms, castor oil seed imports totaled $X in 2017. In general, castor oil seed imports continue to indicate a remarkable increase. Over the period under review, the castor oil seed imports reached its maximum level in 2017, and are likely to continue its growth in the near future.

Castor Oil Seed Imports by Country into Norway

In 2017, China (X tons) represented the main importer for castor oil seed, committing X% of total imports. 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) occupied the weak share of total imports.

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 ($X) constitutes the largest market for imported castor oil seed into Norway, making up X% of global imports. The second position in the ranking was occupied by the U.S. ($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 amounted to +X%. 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 Norway

In 2017, the castor oil seed import price in Norway amounted to $X per ton, leveling off 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 2011, when it surged 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 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