CIS: Castor Oil Seed Market 2020

Castor Oil Seed Market Size in CIS

The revenue of the castor oil seed market in CIS amounted to $X in 2017, going up by X% against the previous year. The total market indicated a temperate 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 2014 indices. The most prominent rate of growth was recorded in 2010, with an increase of X% against the previous year. The level of 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 CIS

In 2017, average castor oil seed yield in CIS totaled X kg per X has, jumping by X% against the previous year. The castor oil seed yield continues to indicate a remarkable growth. The pace of growth appeared the most rapid in 2008, when yield increased by X% y-o-y. Over the period under review, the castor oil seed yield attained its peak figure level in 2017, and is expected to retain 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, castor oil seed harvested area in CIS totaled X ha, waning by -X% against the previous year. The castor oil seed harvested area continues to indicate a significant setback. The pace of growth was the most pronounced in 2012, when it surged by X% year-to-year. Over the period under review, the harvested area dedicated to castor oil seed production reached its maximum of X ha in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Castor Oil Seed Exports

Exports in CIS

The exports stood at X tons in 2017, rising by X% against the previous year. The castor oil seed exports continue to indicate a deep decrease. The most prominent rate of growth was recorded in 2017, when exports increased by X% y-o-y. The volume of exports peaked 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 deduction. The level of exports peaked of $X in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Exports by Country

Russia prevails in castor oil seed exports structure, finishing at X tons, which was approx. X% of total exports in 2017. It was distantly followed by Moldova (X tons), comprising X% share of total exports.

From 2007 to 2017, average annual rates of growth with regard to castor oil seed exports from Russia stood at -X%. At the same time, Moldova (+X%) displayed positive paces of growth. Moreover, Moldova emerged as the fastest growing exporter in CIS, with a CAGR of +X% from 2007-2017. Russia (X%) significantly strengthened its position in terms of the global exports, while Moldova saw its share reduced by -X% from 2007 to 2017, respectively.

In value terms, Russia ($X) remains the largest castor oil seed supplier in CIS, making up X% of global exports. The second position in the ranking was occupied by Moldova ($X), with a X% share of global exports.

From 2007 to 2017, the average annual rate of growth in terms of value in Russia stood at -X%.

Export Prices by Country

The castor oil seed export price in CIS stood at $X per ton in 2017, approximately mirroring the previous year. The castor oil seed export price continues to indicate a temperate downturn. The growth pace was the most rapid in 2015, when it surged 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 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 Moldova ($X per ton), while Russia ($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 Moldova (+X% per year).

Castor Oil Seed Imports

Imports in CIS

In 2017, the amount of castor oil seed imported in CIS totaled X tons, jumping by X% against the previous year. The total imports indicated a perceptible expansion 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, when it surged by X% year-to-year. Over the period under review, the castor oil seed imports reached its peak figure volume 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. The total imports indicated a moderate 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. Over the period under review, the castor oil seed imports attained its maximum level of $X in 2011; however, from 2012 to 2017, it failed to regain its momentum.

Imports by Country

Russia dominates castor oil seed imports structure, accounting for X tons, which was approx. X% of total imports in 2017. Belarus (X tons) held the mild share of total imports.

Russia was also the fastest growing in terms of the castor oil seed imports, with a CAGR of +X% from 2007 to 2017. Belarus (-X%) illustrated a downward trend over the same period. Belarus (X%) significantly strengthened its position in terms of the global imports, while Russia saw its share reduced by -X% from 2007 to 2017, respectively.

In value terms, Russia ($X) constitutes the largest market for imported castor oil seed in CIS, making up X% of global imports. The second position in the ranking was occupied by Belarus ($X), with a X% share of global imports.

In Russia, castor oil seed imports increased at an average annual rate of +X% over the period from 2007-2017.

Import Prices by Country

The castor oil seed import price in CIS stood at $X per ton in 2017, increasing by X% against the previous year. The castor oil seed import price continues to indicate a slight contraction. The most prominent rate of growth was recorded in 2011, when the import prices increased 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 stood at a somewhat lower level.

Import prices varied noticeably by the country of destination; the country with the highest import price was Belarus ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Russia (-X% per year).

Source: IndexBox Platform