Spain: Castor Oil Seed Market 2020

Castor Oil Seed Market Size in Spain

The revenue of the castor oil seed market in Spain amounted to $X in 2017, falling by -X% against the previous year. In general, castor oil seed consumption continues to indicate a slight deduction. The pace of growth was the most pronounced in 2014, with an increase of X% against the previous year. Over the period under review, the castor oil seed market attained its maximum level of $X in 2016, and then declined slightly in the following year.

Castor Oil Seed Production in Spain

In 2017, castor oil seed production in Spain amounted to X kg, leveling off at the previous year. In general, castor oil seed production continues to indicate a relatively flat trend pattern. Castor oil seed output in Spain 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 Spain stood at X kg per ha in 2017, standing approx. at 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, approx. X ha of castor oil seed were harvested in Spain; 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 Spain

In 2017, approx. X tons of castor oil seed were exported from Spain; coming down by -X% against the previous year. Overall, castor oil seed exports continue to indicate a remarkable growth. The most prominent rate of growth was recorded in 2011, when it surged by X% against the previous year. Spain 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. Overall, castor oil seed exports continue to indicate a strong increase. Over the period under review, the castor oil seed exports attained its peak figure level in 2017, and are expected to retain its growth in the immediate term.

Castor Oil Seed Exports by Country from Spain

India dominates castor oil seed exports structure, recording X tons, which was approx. 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 ($X) remains the largest castor oil seed supplier from Spain, making up X% of global exports. The second position in the ranking was occupied by the Netherlands ($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 amounted to +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 Spain

The castor oil seed export price in Spain stood at $X per ton in 2017, growing by X% against the previous year. In general, the export price indicated a prominent expansion 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. Based on 2017 figures, the castor oil seed export price increased by +X% against 2011 indices. The most prominent rate of growth was recorded in 2011, an increase of X% against the previous year. Spain export price peaked in 2017, and is expected to retain its growth in the near future.

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 Spain

In 2017, castor oil seed imports into Spain amounted to X tons, increasing by X% against the previous year. Overall, castor oil seed imports continue to indicate a moderate slump. The most prominent rate of growth was recorded 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 of X tons in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

In value terms, castor oil seed imports amounted to $X in 2017. The total import value increased an average annual rate of +X% from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations over the period under review. In that year, the castor oil seed imports attained their peak level, and are likely to continue its growth in the immediate term.

Castor Oil Seed Imports by Country into Spain

China represented the largest importing country with an import of around X tons, which recorded 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) 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 ($X) constitutes the largest market for imported castor oil seed into Spain, making up X% of global imports. The second position in the ranking was occupied by the U.S. ($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 Spain

The castor oil seed import price in Spain stood at $X per ton in 2017, jumping by X% against the previous year. Over the last decade, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2010, when it surged by X% year-to-year. Over the period under review, the import prices for castor oil seed reached its maximum level in 2017, and is likely to continue its growth in the immediate term.

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