Castor Oil Seed Price in Oman - 2021
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Castor Oil Seed Price in Oman (CIF) - 2022
In 2022, the average castor oil seed import price amounted to $1,695 per ton, which is down by -2.1% against the previous year. In general, the import price saw a pronounced decline. The pace of growth was the most pronounced in 2015 an increase of 13% against the previous year. Over the period under review, average import prices attained the maximum at $2,382 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($4,377 per ton), while the price for the United Arab Emirates ($1,545 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+1.0%), while the prices for the other major suppliers experienced a decline.
Castor Oil Seed Imports in Oman
In 2022, approx. 96 tons of castor oil seed were imported into Oman; with an increase of 35% on the previous year. Over the period under review, imports, however, continue to indicate a mild reduction.
In value terms, castor oil seed imports soared to $163K in 2022. Overall, imports, however, saw a abrupt decline.
Import of Castor Oil Seed in Oman (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Arab Emirates | 133 | 110 | 85.0 | 118 | -3.9% |
India | 38.7 | 77.3 | 30.0 | 22.1 | -17.0% |
Jordan | N/A | N/A | N/A | 9.6 | 0% |
United Kingdom | 4.6 | 7.0 | 5.4 | 7.4 | 17.2% |
Others | 20.1 | 9.2 | 3.3 | 6.7 | -30.7% |
Total | 196 | 203 | 124 | 163 | -6.0% |
Top Suppliers of Castor Oil Seed to Oman in 2022:
- United Arab Emirates (76.1 tons)
- India (11.4 tons)
- Jordan (4.2 tons)
- United Kingdom (1.7 tons)
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In 2015, the country with the largest volume of the maize oil output was the United States (X thousand tons), accounting for X% of global production.
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