Castor Oil Seed Price in Lithuania - 2023
Contents:
- Castor Oil Seed Price in Lithuania (CIF) - 2022
- Castor Oil Seed Price in Lithuania (FOB) - 2022
- Castor Oil Seed Imports in Lithuania
- Castor Oil Seed Exports in Lithuania
Castor Oil Seed Price in Lithuania (CIF) - 2022
In 2022, the average castor oil seed import price amounted to $4,545 per ton, jumping by 50% against the previous year. Over the period under review, the import price continues to indicate a notable expansion. The growth pace was the most rapid in 2016 when the average import price increased by 65% against the previous year. The import price peaked in 2022 and is likely to continue growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($11,865 per ton), while the price for Poland ($1,688 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+13.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Castor Oil Seed Price in Lithuania (FOB) - 2022
In 2022, the average castor oil seed export price amounted to $4,979 per ton, which is down by -9.5% against the previous year. Overall, the export price, however, continues to indicate strong growth. The growth pace was the most rapid in 2013 when the average export price increased by 149% against the previous year. As a result, the export price reached the peak level of $7,223 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Estonia ($9,268 per ton), while the average price for exports to Russia ($4,173 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (+8.5%), while the prices for the other major destinations experienced a decline.
Castor Oil Seed Imports in Lithuania
Castor oil seed imports into Lithuania dropped to 27 tons in 2022, declining by -8.2% compared with 2021. Overall, imports, however, posted significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 185%. As a result, imports attained the peak of 29 tons, and then shrank in the following year.
In value terms, castor oil seed imports surged to $122K in 2022. Over the period under review, imports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 125% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Castor Oil Seed in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | N/A | 1.3 | N/A | 43.4 | 477.8% |
| Germany | 11.2 | 26.1 | 26.3 | 40.2 | 53.1% |
| Czech Republic | N/A | N/A | N/A | 19.7 | 0% |
| Netherlands | 8.0 | 4.8 | 29.3 | 12.3 | 15.4% |
| India | 0.1 | N/A | 1.3 | 3.7 | 233.2% |
| Spain | 11.1 | 0.9 | 11.5 | 2.6 | -38.4% |
| Poland | N/A | 4.5 | 15.0 | N/A | 233.3% |
| Others | 1.3 | 1.9 | 5.5 | 0.3 | -38.7% |
| Total | 31.6 | 39.5 | 88.9 | 122 | 56.9% |
Top Suppliers of Castor Oil Seed to Lithuania in 2022:
- Belgium (14.4 tons)
- Netherlands (4.7 tons)
- Germany (4.2 tons)
- Czech Republic (1.7 tons)
- India (1.1 tons)
- Spain (0.7 tons)
Castor Oil Seed Exports in Lithuania
In 2022, exports of castor oil seed from Lithuania declined rapidly to 3 tons, shrinking by -36.9% on the previous year. In general, exports saw a precipitous decrease. The growth pace was the most rapid in 2021 with an increase of 51% against the previous year.
In value terms, castor oil seed exports plummeted to $15K in 2022. Overall, exports saw a precipitous shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 82%.
| Export of Castor Oil Seed in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 15.3 | 3.0 | 7.2 | 8.8 | -16.8% |
| Belarus | 13.9 | 8.0 | 15.9 | 5.1 | -28.4% |
| Estonia | 0.9 | 0.6 | 0.7 | 0.5 | -17.8% |
| Latvia | 0.4 | 2.9 | 2.4 | 0.2 | -20.6% |
| Others | N/A | N/A | 0.3 | 0.5 | 66.7% |
| Total | 30.5 | 14.5 | 26.5 | 15.1 | -20.9% |
Top Export Markets for Castor Oil Seed from Lithuania in 2022:
- Russia (2108.0 kg)
- Belarus (825.0 kg)
- Estonia (56.0 kg)
- Latvia (50.0 kg)
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