Castor Oil Seed Price in Luxembourg - 2023

Contents:

  1. Castor Oil Seed Price in Luxembourg (CIF) - 2022
  2. Castor Oil Seed Price in Luxembourg (FOB) - 2022
  3. Castor Oil Seed Imports in Luxembourg
  4. Castor Oil Seed Exports in Luxembourg

Castor Oil Seed Price in Luxembourg (CIF) - 2022

In 2022, the average castor oil seed import price amounted to $4,136 per ton, dropping by -23.1% against the previous year. Overall, the import price showed a pronounced shrinkage. The pace of growth appeared the most rapid in 2017 an increase of 137%. As a result, import price attained the peak level of $9,809 per ton. From 2018 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($8,000 per ton), while the price for the Netherlands ($3,555 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Castor Oil Seed Price in Luxembourg (FOB) - 2022

In 2022, the average castor oil seed export price amounted to $13,073 per ton, growing by 20% against the previous year. Over the period under review, the export price enjoyed a resilient increase. The growth pace was the most rapid in 2017 when the average export price increased by 118%. Over the period under review, the average export prices hit record highs at $18,622 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was France ($13,098 per ton), while the average price for exports to Germany ($9,000 per ton) was amongst the lowest.

From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+80.7%), while the prices for the other major destinations experienced mixed trend patterns.

Castor Oil Seed Imports in Luxembourg

After three years of growth, overseas purchases of castor oil seed decreased by -88.7% to 2.3 tons in 2022. Overall, imports recorded a precipitous setback. The growth pace was the most rapid in 2021 when imports increased by 52% against the previous year. As a result, imports attained the peak of 21 tons, and then reduced dramatically in the following year.

In value terms, castor oil seed imports reduced dramatically to $9.7K in 2022. Over the period under review, imports recorded a significant curtailment. The pace of growth appeared the most rapid in 2020 when imports increased by 61%.

Import of Castor Oil Seed in Luxembourg (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
IndiaN/A1.33.76.7127.0%
Netherlands1.82.3N/A1.4-8.0%
BelgiumN/AN/A1020.1-99.9%
United States41.558.5N/AN/A41.0%
France7.34.6N/AN/A-37.0%
CanadaN/A12.9N/AN/A0%
Others1.84.96.31.5-5.9%
Total52.484.31129.7-43.0%

Top Suppliers of Castor Oil Seed to Luxembourg in 2022:

  1. India (1600.0 kg)
  2. Netherlands (400.0 kg)
  3. Belgium (25.0 kg)
  4. France (1.0 kg)

Castor Oil Seed Exports in Luxembourg

In 2022, shipments abroad of castor oil seed decreased by -76.2% to 261 kg for the first time since 2018, thus ending a three-year rising trend. Overall, exports showed a dramatic downturn. The growth pace was the most rapid in 2020 with an increase of 55% against the previous year.

In value terms, castor oil seed exports fell significantly to $3.4K in 2022. Over the period under review, exports showed a precipitous curtailment. The growth pace was the most rapid in 2020 when exports increased by 68% against the previous year. As a result, the exports reached the peak of $19K. From 2021 to 2022, the growth of the exports remained at a lower figure.

Export of Castor Oil Seed in Luxembourg (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
FranceN/AN/A0.63.4466.7%
GermanyN/AN/A8.4N/A0%
Netherlands11.318.93.0N/A-48.5%
OthersN/AN/A0.1N/A0%
Total11.318.912.03.4-33.0%

Top Export Markets for Castor Oil Seed from Luxembourg in 2022:

  1. France (256.0 kg)
  2. Netherlands (1.0 kg)
  3. Germany (1.0 kg)

Source: IndexBox Market Intelligence Platform

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