Castor Oil Seed Price in Ukraine - 2023
Contents:
- Castor Oil Seed Price in Ukraine (CIF) - 2022
- Castor Oil Seed Price in Ukraine (FOB) - 2022
- Castor Oil Seed Imports in Ukraine
- Castor Oil Seed Exports in Ukraine
Castor Oil Seed Price in Ukraine (CIF) - 2022
In 2022, the average castor oil seed import price amounted to $2,443 per ton, with an increase of 25% against the previous year. In general, the import price showed a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for India amounted to +0.7% per year.
Castor Oil Seed Price in Ukraine (FOB) - 2022
In 2022, the average castor oil seed export price amounted to $7,623 per ton, rising by 81% against the previous year. Over the period under review, the export price continues to indicate a noticeable increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Latvia ($58,442 per ton), while the average price for exports to Moldova ($3,867 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 Kyrgyzstan (+3.3%), while the prices for the other major destinations experienced a decline.
Castor Oil Seed Imports in Ukraine
In 2022, purchases abroad of castor oil seed decreased by -42.3% to 230 tons, falling for the second year in a row after two years of growth. In general, imports faced a abrupt slump. The most prominent rate of growth was recorded in 2020 when imports increased by 8.2%. As a result, imports reached the peak of 447 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, castor oil seed imports declined remarkably to $561K in 2022. Over the period under review, imports faced a abrupt descent. The most prominent rate of growth was recorded in 2021 when imports increased by 0.7%.
| Import of Castor Oil Seed in Ukraine (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 815 | 731 | 744 | 561 | -11.7% |
| Others | 3.5 | 43.5 | 36.5 | 0.9 | -36.4% |
| Total | 818 | 775 | 780 | 561 | -11.8% |
Top Suppliers of Castor Oil Seed to Ukraine in 2022:
- India (229.7 tons)
Castor Oil Seed Exports in Ukraine
In 2022, the amount of castor oil seed exported from Ukraine shrank remarkably to 2.6 tons, with a decrease of -43.3% compared with the year before. Overall, exports recorded a dramatic shrinkage. The smallest decline of -20.2% was in 2021.
In value terms, castor oil seed exports expanded to $20K in 2022. Over the period under review, exports saw a drastic downturn.
| Export of Castor Oil Seed in Ukraine (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kyrgyzstan | 11.8 | 16.3 | 17.0 | 14.2 | 6.4% |
| Latvia | N/A | N/A | N/A | 3.0 | 0% |
| Moldova | 3.1 | 3.1 | 2.5 | 2.0 | -13.6% |
| Belarus | 9.5 | N/A | N/A | N/A | 0% |
| Others | N/A | 0.9 | N/A | 0.9 | 0.0% |
| Total | 24.5 | 20.3 | 19.5 | 20.1 | -6.4% |
Top Export Markets for Castor Oil Seed from Ukraine in 2022:
- Kyrgyzstan (2025.0 kg)
- Moldova (505.0 kg)
- Latvia (52.0 kg)
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