Northern America: Castor Oil Seed Market 2020

Castor Oil Seed Market Size in Northern America

The revenue of the castor oil seed market in Northern America amounted to $X in 2017, surging by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The total market indicated a strong growth 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. The most prominent rate of growth was recorded in 2010, with an increase of X% year-to-year. The level of castor oil seed consumption peaked in 2017, and is expected to retain its growth in the immediate term.

Castor Oil Seed Exports

Exports in Northern America

In 2017, the amount of castor oil seed exported in Northern America amounted to X tons, surging by X% against the previous year. The total exports indicated a notable growth 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. The most prominent rate of growth was recorded in 2008, when exports increased by X% against the previous year. The volume of exports peaked of X tons in 2011; however, from 2012 to 2017, it failed to regain its momentum.

In value terms, castor oil seed exports stood at $X in 2017. The total export value increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations in certain years. The level of exports peaked of $X in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Exports by Country

The U.S. prevails in castor oil seed exports structure, amounting to X tons, which was near X% of total exports in 2017. Canada (X tons) occupied the weak share of total exports.

The U.S. was also the fastest growing in terms of the castor oil seed exports, with a CAGR of +X% from 2007 to 2017. Canada (-X%) illustrated a downward trend over the same period. While the share of the U.S. (-X%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2007 to 2017, the average annual growth rate of value in the U.S. totaled +X%.

Export Prices by Country

The castor oil seed export price in Northern America stood at $X per ton in 2017, shrinking by -X% against the previous year. Over the last decade, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2015, when the export prices increased by X% against the previous year. The level of export price peaked of $X per ton in 2016, and then declined slightly in the following year.

Average export prices varied noticeably amongst the major exporting countries. In 2017, the country with the highest export price was the U.S. ($X per ton), while Canada ($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 Canada (+X% per year).

Castor Oil Seed Imports

Imports in Northern America

In 2017, castor oil seed imports in Northern America totaled X tons, picking up by X% against the previous year. The total import volume increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations over the period under review. The pace of growth was the most pronounced in 2010, when imports increased by X% against the previous year. The volume of imports peaked of X tons in 2014; however, from 2015 to 2017, it failed to regain its momentum.

In value terms, castor oil seed imports amounted to $X in 2017. The total imports indicated a remarkable growth 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. The level of imports peaked of $X in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Imports by Country

The U.S. dominates castor oil seed imports structure, finishing at X tons, which was approx. X% of total imports in 2017. It was distantly followed by Canada (X tons), achieving X% share of total imports.

The U.S. was also the fastest growing in terms of the castor oil seed imports, with a CAGR of +X% from 2007 to 2017. Canada (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of Canada increased by X% percentage points, while the U.S. (-X%) saw their share reduced.

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

From 2007 to 2017, the average annual rate of growth in terms of value in the U.S. stood at +X%.

Import Prices by Country

The castor oil seed import price in Northern America stood at $X per ton in 2017, dropping by -X% against the previous year. The import price indicated a perceptible 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 import price increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2011, an increase of X% year-to-year. In that year, the import prices for castor oil seed attained 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 noticeably amongst the major importing countries. In 2017, the country with the highest import price was Canada ($X per ton), while the U.S. ($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 the U.S. (+X% per year).

Source: IndexBox Platform