Price for Oil Seeds; Castor Oil Seeds, Whether or Not Broken in India - 2023
Contents:
- Price for Oil Seeds; Castor Oil Seeds, Whether or Not Broken in India (FOB) - 2022
- Price for Oil Seeds; Castor Oil Seeds, Whether or Not Broken in India (CIF) - 2022
- Exports of Oil Seeds; Castor Oil Seeds, Whether or Not Broken in India
- Imports of Oil Seeds; Castor Oil Seeds, Whether or Not Broken in India
Price for Oil Seeds; Castor Oil Seeds, Whether or Not Broken in India (FOB) - 2022
In 2022, the average export price for oil seeds; castor oil seeds, whether or not brokens amounted to $1,066 per ton, picking up by 50% against the previous year. Over the period under review, export price indicated prominent growth from 2013 to 2022: its price increased at an average annual rate of +7.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for oil seeds; castor oil seeds, whether or not brokens increased by +76.8% against 2020 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Kenya ($1,083 per ton), while the average price for exports to China ($952 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Oil Seeds; Castor Oil Seeds, Whether or Not Broken in India (CIF) - 2022
The average import price for oil seeds; castor oil seeds, whether or not brokens stood at $1,165 per ton in 2022, picking up by 8.1% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt descent. The import price peaked at $2,083 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
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 Indonesia ($6,696 per ton), while the price for the United States ($457 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+12.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Oil Seeds; Castor Oil Seeds, Whether or Not Broken in India
In 2022, overseas shipments of oil seeds; castor oil seeds, whether or not brokens decreased by -52.7% to 1.1K tons, falling for the second year in a row after two years of growth. Over the period under review, exports showed a precipitous curtailment. The growth pace was the most rapid in 2020 when exports increased by 42% against the previous year. As a result, the exports reached the peak of 6.2K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of oil seeds; castor oil seeds, whether or not brokens shrank rapidly to $1.2M in 2022. In general, exports continue to indicate a sharp decline. The most prominent rate of growth was recorded in 2020 when exports increased by 1.2% against the previous year. As a result, the exports reached the peak of $3.8M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Oil Seeds; Castor Oil Seeds, Whether or Not Broken in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kenya | 3.5 | 2.9 | 1.3 | 836 | 520.5% |
| China | N/A | N/A | N/A | 261 | 0% |
| United Arab Emirates | 1,422 | 1,059 | 2.6 | 1.6 | -89.6% |
| Thailand | 1,017 | 2,117 | 1,225 | N/A | 9.8% |
| Others | 1,277 | 586 | 388 | 52.3 | -65.5% |
| Total | 3,720 | 3,765 | 1,617 | 1,150 | -32.4% |
Top Export Markets for Oil Seeds; Castor Oil Seeds, Whether or Not Broken from India in 2022:
- Kenya (771.4 tons)
- China (273.9 tons)
- United Arab Emirates (1.5 tons)
Imports of Oil Seeds; Castor Oil Seeds, Whether or Not Broken in India
In 2022, purchases abroad of oil seeds; castor oil seeds, whether or not brokens decreased by -65.8% to 84 tons, falling for the second consecutive year after two years of growth. Overall, imports faced a sharp curtailment. The pace of growth was the most pronounced in 2020 with an increase of 93% against the previous year. As a result, imports attained the peak of 408 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of oil seeds; castor oil seeds, whether or not brokens fell remarkably to $98K in 2022. Over the period under review, imports continue to indicate a precipitous curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 66% against the previous year. As a result, imports reached the peak of $432K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Oil Seeds; Castor Oil Seeds, Whether or Not Broken in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kenya | N/A | 34.1 | N/A | 85.9 | 58.7% |
| United States | 197 | 12.7 | 30.2 | 9.8 | -63.2% |
| Nigeria | N/A | 382 | N/A | N/A | 0% |
| Peru | N/A | N/A | 156 | N/A | 0% |
| Ethiopia | N/A | N/A | 70.3 | N/A | 0% |
| Others | 63.1 | 3.7 | 9.1 | 2.3 | -66.8% |
| Total | 260 | 432 | 265 | 98.1 | -27.7% |
Top Suppliers of Oil Seeds; Castor Oil Seeds, Whether or Not Broken to India in 2022:
- Kenya (62.4 tons)
- United States (21.5 tons)
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