Castor Oil Seed Price in Angola - 2022
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Castor Oil Seed Price in Angola (CIF) - 2022
The average castor oil seed import price stood at $1,388 per ton in 2022, dropping by -41.3% against the previous year. In general, the import price faced a deep reduction. The pace of growth appeared the most rapid in 2016 an increase of 108%. The import price peaked at $4,253 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Portugal ($1,727 per ton), while the price for China ($407 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-2.0%), while the prices for the other major suppliers experienced a decline.
Castor Oil Seed Imports in Angola
In 2022, approx. 14 tons of castor oil seed were imported into Angola; increasing by 155% compared with 2021 figures. Over the period under review, imports, however, showed a perceptible reduction.
In value terms, castor oil seed imports soared to $19K in 2022. In general, imports showed prominent growth. The pace of growth was the most pronounced in 2020 with an increase of 69% against the previous year. As a result, imports attained the peak of $26K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
Import of Castor Oil Seed in Angola (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Portugal | 7.1 | 12.4 | 4.7 | 8.7 | 7.0% |
China | N/A | N/A | N/A | 1.1 | 0% |
India | 0.8 | 0.3 | 0.5 | 0.6 | -9.1% |
Namibia | 0.1 | 0.4 | N/A | N/A | 300.0% |
South Africa | N/A | N/A | 2.9 | N/A | 0% |
Others | 7.1 | 12.4 | 4.7 | 8.7 | 7.0% |
Total | 15.1 | 25.5 | 12.8 | 19.2 | 8.3% |
Top Suppliers of Castor Oil Seed to Angola in 2022:
- Portugal (5.1 tons)
- China (2.8 tons)
- India (0.9 tons)
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