Thailand: Castor Oil Seed Market 2020

Castor Oil Seed Market Size in Thailand

The revenue of the castor oil seed market in Thailand amounted to $X in 2017, shrinking by -X% against the previous year. Overall, castor oil seed consumption continues to indicate a remarkable growth. The most prominent rate of growth was recorded in 2008, with an increase of X% year-to-year. Thailand castor oil seed consumption peaked of $X in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Castor Oil Seed Production in Thailand

In 2017, production of castor oil seed in Thailand stood at X kg, flattening at the previous year. Overall, castor oil seed production continues to indicate a relatively flat trend pattern. Castor oil seed output in Thailand 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 Thailand stood at X kg per X has in 2017, flattening at the previous year. In general, castor oil seed yield continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008, when yield increased by X% y-o-y. Thailand castor oil seed yield peaked of X kg per X has in 2009; however, from 2010 to 2017, it failed to regain its momentum. 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 Thailand amounted to X ha in 2017, leveling off at the previous year. The harvested area increased an average annual rate of +X% from 2007 to 2017; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed over the period under review. The most prominent rate of growth was recorded in 2013, when harvested area increased by X% year-to-year. Over the period under review, the harvested area dedicated to castor oil seed production attained its maximum in 2017, and is expected to retain its growth in the near future.

Castor Oil Seed Exports from Thailand

Castor oil seed exports from Thailand amounted to X tons in 2017, rising by X% against the previous year. In general, castor oil seed exports continue to indicate a strong growth. The most prominent rate of growth was recorded in 2013, when it surged by X% year-to-year. Over the period under review, the castor oil seed exports attained its peak figure volume in 2017, and are expected to retain 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 a remarkable growth. Over the period under review, the castor oil seed exports attained its peak figure level of $X in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Castor Oil Seed Exports by Country from Thailand

India dominates castor oil seed exports structure, amounting to 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. 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 ($X) remains the largest castor oil seed supplier from Thailand, making up X% of global exports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of global exports. It was followed by France, with a X% share.

In India, castor oil seed exports expanded 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 Netherlands (+X% per year) and France (+X% per year).

Castor Oil Seed Export Prices by Country in Thailand

The castor oil seed export price in Thailand stood at $X per ton in 2017, increasing by X% against the previous year. In general, the export price indicated a measured 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 decreased by -X% against 2015 indices. The most prominent rate of growth was recorded in 2011, an increase of X% y-o-y. In that year, the export prices for castor oil seed attained their peak level of $X per ton. From 2012 to 2017, growth of the export prices for castor oil seed 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 Thailand

In 2017, the amount of castor oil seed imported into Thailand amounted to X tons, reducing by -X% against the previous year. In general, castor oil seed imports continue to indicate a strong growth. The pace of growth appeared the most rapid in 2010, when imports increased by X% against the previous year. Over the period under review, the castor oil seed imports reached its maximum 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. Overall, castor oil seed imports continue to indicate a remarkable growth. Thailand imports peaked of $X in 2011; however, from 2012 to 2017, it failed to regain its momentum.

Castor Oil Seed Imports by Country into Thailand

In 2017, China (X tons) represented the major importer for castor oil seed, mixed up 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) took the minor 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. Thailand (-X%), the U.S. (-X%) and China (-X%) significantly weakened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

The castor oil seed import price in Thailand stood at $X per ton in 2017, going up by X% against the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2017, an increase of X% against the previous year. Thailand import price peaked of $X per ton in 2011; however, from 2012 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 China ($X per ton) and the Netherlands ($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