Russian Federation: Castor Oil Seed Market 2020

Castor Oil Seed Market Size in Russian Federation

The revenue of the castor oil seed market in Russia amounted to $X in 2017, growing by X% against the previous year. In general, castor oil seed consumption continues to indicate a moderate reduction. The pace of growth was the most pronounced in 2010, when it surged by X% year-to-year. Over the period under review, the castor oil seed market attained its maximum level of $X in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Castor Oil Seed Production in Russian Federation

In 2017, approx. X kg of castor oil seed were produced in Russia; stabilizing at the previous year. In general, castor oil seed production continues to indicate a relatively flat trend pattern. Castor oil seed output in Russia indicated a relatively flat trend pattern, which was largely conditioned by a relatively flat trend pattern of the harvested area and a strong expansion in yield figures.

In 2017, average yield of castor oil seed in Russia totaled X kg per X has, coming up by X% against the previous year. Overall, castor oil seed yield continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2008, when yield increased by X% y-o-y. Russia castor oil seed yield peaked in 2017, and is expected to retain its growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2017, approx. X ha of castor oil seed were harvested in Russia; going down by -X% against the previous year. Overall, castor oil seed harvested area continues to indicate a noticeable decrease. The growth pace was the most rapid in 2012, when it surged by X% y-o-y. Over the period under review, the harvested area dedicated to castor oil seed production reached its peak figure of X ha in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Castor Oil Seed Exports from Russian Federation

In 2017, approx. X tons of castor oil seed were exported from Russia; declining 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 2009, when it surged by X% year-to-year. Russia exports peaked of X tons in 2016, and then declined slightly in the following year.

In value terms, castor oil seed exports totaled $X in 2017. In general, castor oil seed exports continue to indicate a prominent expansion. In that year, the castor oil seed exports attained their peak level of $X, and then declined slightly in the following year.

Castor Oil Seed Exports by Country from Russian Federation

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

The castor oil seed export price in Russia stood at $X per ton in 2017, coming up by X% against the previous year. Overall, castor oil seed export price continues to indicate a noticeable descent. The most prominent rate of growth was recorded in 2016, when the export prices increased by X% year-to-year. Over the period under review, the export prices for castor oil seed attained its peak figure level of $X per ton in 2008; however, from 2009 to 2017, it stood at a somewhat lower level.

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 Russian Federation

In 2017, the amount of castor oil seed imported into Russia stood at X tons, coming up by X% against the previous year. In general, the total imports indicated a remarkable 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 imports increased by +X% against 2013 indices. The most prominent rate of growth was recorded in 2010, with an increase of X% against the previous year. Russia imports peaked in 2017, and are likely to continue its growth in the immediate term.

In value terms, castor oil seed imports stood at $X in 2017. In general, castor oil seed imports continue to indicate a strong increase. 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 stood at a somewhat lower level.

Castor Oil Seed Imports by Country into Russian Federation

China represented the key importing country with an import of about X tons, which reached 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%). The following importers - Thailand (X tons), Japan (X tons), Italy (X tons) and South Korea (X tons) together made up X% 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 ($X) constitutes the largest market for imported castor oil seed into Russia, making up X% of global imports. The second position in the ranking was occupied by the U.S. ($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 Russian Federation

The castor oil seed import price in Russia stood at $X per ton in 2017, going up by X% against the previous year. Overall, castor oil seed import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011, when the import prices increased by X% year-to-year. 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 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