Vietnam: Castor Oil Seed Market 2020

Castor Oil Seed Market Size in Vietnam

The revenue of the castor oil seed market in Vietnam amounted to $X in 2017, approximately mirroring the previous year. In general, castor oil seed consumption continues to indicate a strong increase. The growth pace was the most rapid in 2010, when market value increased by X% against the previous year. Over the period under review, the castor oil seed market reached its peak figure level of $X in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Castor Oil Seed Production in Vietnam

In 2017, approx. X kg of castor oil seed were produced in Vietnam; approximately mirroring the previous year. Overall, castor oil seed production continues to indicate a relatively flat trend pattern. Castor oil seed output in Vietnam 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 Vietnam stood at X kg per X has in 2017, approximately mirroring the previous year. In general, castor oil seed yield continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2008, when it surged by X% against the previous year. In that year, the castor oil seed yield attained their peak level of X kg per X has. From 2009 to 2017, growth of the castor oil seed yield 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.

In 2017, approx. X ha of castor oil seed were harvested in Vietnam; picking up by X% against the previous year. The harvested area increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2010, with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to castor oil seed production attained its peak figure in 2017, and is likely to see steady growth in the immediate term.

Castor Oil Seed Exports from Vietnam

In 2017, approx. X tons of castor oil seed were exported from Vietnam; going up by X% against the previous year. Overall, castor oil seed exports continue to indicate a prominent expansion. The growth pace was the most rapid in 2013, with an increase of X% year-to-year. Vietnam exports peaked 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 expansion. Over the period under review, the castor oil seed exports reached its maximum level in 2017, and are expected to retain its growth in the immediate term.

Castor Oil Seed Exports by Country from Vietnam

India prevails in castor oil seed exports structure, accounting for X tons, which was near X% of total exports in 2017. The Netherlands (X tons), France (X tons) and Germany (X tons) took the mild 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. 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 ($X) remains the largest castor oil seed supplier from Vietnam, making up X% of global exports. The second position in the ranking was occupied by the Netherlands ($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 stood at +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 Vietnam

The castor oil seed export price in Vietnam stood at $X per ton in 2017, dropping by -X% against the previous year. Overall, castor oil seed export price continues to indicate an abrupt curtailment. Over the period under review, the export prices for castor oil seed reached its peak figure level of $X per ton in 2007; however, from 2008 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 Vietnam

Castor oil seed imports into Vietnam stood at X tons in 2017, approximately equating the previous year. Overall, castor oil seed imports continue to indicate a prominent increase. The pace of growth was the most pronounced in 2010, with an increase of X% against the previous year. Over the period under review, the castor oil seed imports attained its peak figure volume of X tons in 2011; however, from 2012 to 2017, it failed to regain its momentum.

In value terms, castor oil seed imports amounted to $X in 2017. In general, castor oil seed imports continue to indicate a prominent 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 failed to regain its momentum.

Castor Oil Seed Imports by Country into Vietnam

China was the major importer of castor oil seed in the world, with the volume of imports amounting to X tons, which was near X% of total imports in 2017. The U.S. (X tons) occupied the second position in the ranking, followed by France (X tons), Germany (X tons) and the Netherlands (X tons). All these countries together took approx. X% share of total imports. 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 ($X) constitutes the largest market for imported castor oil seed into Vietnam, making up X% of global imports. The second position in the ranking was occupied by the U.S. ($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 Vietnam

The castor oil seed import price in Vietnam stood at $X per ton in 2017, increasing by X% against the previous year. Overall, the import price indicated a remarkable 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. The most prominent rate of growth was recorded in 2017, when the import prices increased by X% y-o-y. Vietnam import price peaked of $X per ton in 2012; however, from 2013 to 2017, it 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