Africa: Castor Oil Seed Market 2020

Castor Oil Seed Market Size in Africa

The revenue of the castor oil seed market in Africa amounted to $X in 2017, going up by X% against the previous year. The total market indicated a mild expansion from 2007 to 2017: its value 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 consumption increased by +X% against 2009 indices. The most prominent rate of growth was recorded in 2016, with an increase of X% y-o-y. The level of castor oil seed consumption peaked in 2017, and is expected to retain its growth in the near future.

Castor Oil Seed Production in Africa

In 2017, average yield of castor oil seed in Africa stood at X kg per X has, coming up by X% against the previous year. The yield figure increased an average annual rate of +X% from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations in certain years. The growth pace was the most rapid in 2012, when it surged by X% y-o-y. Over the period under review, the castor oil seed yield attained its peak figure level in 2017, and is likely to continue its growth in the near future. 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 Africa amounted to X ha, going 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 relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2009, with an increase of X% y-o-y. The figure of castor oil seed harvested area peaked in 2017, and is likely to see steady growth in the immediate term.

Castor Oil Seed Exports

Exports in Africa

In 2017, approx. X tons of castor oil seed were exported in Africa; falling by -X% against the previous year. The castor oil seed exports continue to indicate an abrupt reduction. The growth pace was the most rapid in 2015, when it surged by X% year-to-year. Over the period under review, the castor oil seed exports attained its peak figure volume of X tons in 2007; however, from 2008 to 2017, it failed to regain its momentum.

In value terms, castor oil seed exports stood at $X in 2017. The castor oil seed exports continue to indicate an abrupt downturn. Over the period under review, the castor oil seed exports attained its peak figure level of $X in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Exports by Country

The countries with the highest levels of castor oil seed exports in 2017 were South Africa (X tons), Egypt (X tons) and Tanzania (X tons), together resulting at X% of total export. Swaziland (X tons), Zambia (X tons) and Namibia (X tons) followed a long way behind the leaders.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Namibia (-X% per year), while the other leaders experienced a decline in the exports figures.

In value terms, the largest castor oil seed markets worldwide were Egypt ($X), South Africa ($X) and Tanzania ($X), with a combined X% share of total exports.

Egypt (-X% per year) recorded the highest rates of growth with regard to exports, in terms of the main exporting countriesover the last decade, while the other leaders experienced a decline in the exports figures.

Export Prices by Country

The castor oil seed export price in Africa stood at $X per ton in 2017, rising by X% against the previous year. The castor oil seed export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016, an increase of X% y-o-y. The level of export price peaked in 2017, and is likely to continue 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 Egypt ($X per ton), while Swaziland ($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 Egypt (+X% per year), while the other leaders experienced mixed trends in the export price figures.

Castor Oil Seed Imports

Imports in Africa

In 2017, approx. X tons of castor oil seed were imported in Africa; therefore, remained relatively stable against the previous year. The castor oil seed imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014, when it surged by X% year-to-year. Over the period under review, the castor oil seed imports reached its peak figure volume of X tons in 2016, leveling off in the following year.

In value terms, castor oil seed imports stood at $X in 2017. The total import value increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. 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.

Imports by Country

In 2017, South Africa (X tons), distantly followed by Egypt (X tons) and Nigeria (X tons) were the main importers of castor oil seed, together constituting X% of total imports. Mauritania (X tons), Ghana (X tons), Morocco (X tons) and Kenya (X tons) took the slight share of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Mauritania (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X), Egypt ($X) and Nigeria ($X) constituted the countries with the highest levels of imports in 2017, together accounting for X% of total imports. Mauritania, Morocco, Ghana and Kenya lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Mauritania (+X% per year) recorded the highest rates of growth with regard to imports, over the last decade, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2017, the castor oil seed import price in Africa amounted to $X per ton, picking 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 appeared the most rapid in 2011, when it surged by X% against the previous year. 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 Morocco ($X per ton) and Ghana ($X per ton), while South Africa ($X per ton) and Nigeria ($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 Morocco (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform