Canada - Castor Oil Seed - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCastor Oil Seed Price in Canada - 2023
Contents:
- Castor Oil Seed Price in Canada (CIF) - 2023
- Castor Oil Seed Price in Canada (FOB) - 2023
- Castor Oil Seed Imports in Canada
- Castor Oil Seed Exports in Canada
Castor Oil Seed Price in Canada (CIF) - 2023
The average castor oil seed import price stood at $2,765 per ton in June 2023, reducing by -2.2% against the previous month. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2022 when the average import price increased by 29% against the previous month. Over the period under review, average import prices hit record highs at $4,322 per ton in October 2022; however, from November 2022 to June 2023, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In June 2023, the country with the highest price was the UK ($3,791 per ton), while the price for India ($2,711 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by India (+0.3%), while the prices for the other major suppliers experienced a decline.
Castor Oil Seed Price in Canada (FOB) - 2023
In June 2023, the average castor oil seed export price amounted to $8,009 per ton, shrinking by -5.5% against the previous month. Over the period under review, the export price, however, recorded a slight expansion. The most prominent rate of growth was recorded in February 2023 when the average export price increased by 309% month-to-month. Over the period under review, the average export prices attained the maximum at $13,708 per ton in July 2022; however, from August 2022 to June 2023, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From June 2022 to June 2023, the rate of growth in terms of prices for New Zealand amounted to 0.0% per month.
Castor Oil Seed Imports in Canada
In 2022, overseas purchases of castor oil seed decreased by -40.9% to 2.8K tons, falling for the second year in a row after two years of growth. Over the period under review, imports saw a drastic downturn. The growth pace was the most rapid in 2020 with an increase of 26%. As a result, imports reached the peak of 5.2K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, castor oil seed imports contracted markedly to $7.6M in 2022. In general, imports recorded a abrupt slump. The pace of growth appeared the most rapid in 2020 with an increase of 24% against the previous year. As a result, imports attained the peak of $11M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Castor Oil Seed in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 8.1 | 10.4 | 9.5 | 6.7 | -6.1% |
| United States | 0.8 | 0.6 | 0.6 | 0.6 | -9.1% |
| Others | 0.1 | 0.2 | 0.2 | 0.3 | 44.2% |
| Total | 9.0 | 11.2 | 10.3 | 7.6 | -5.5% |
Top Suppliers of Castor Oil Seed to Canada in 2022:
- India (2551.8 tons)
- United States (162.3 tons)
Castor Oil Seed Exports in Canada
In 2022, shipments abroad of castor oil seed decreased by -35.3% to 143 tons, falling for the second consecutive year after two years of growth. Overall, exports saw a pronounced decline. The growth pace was the most rapid in 2020 with an increase of 50% against the previous year. As a result, the exports reached the peak of 245 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, castor oil seed exports surged to $845K in 2022. Over the period under review, exports, however, posted a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 35%. The exports peaked in 2022 and are likely to continue growth in the immediate term.
| Export of Castor Oil Seed in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 389 | 536 | 706 | 832 | 28.8% |
| Australia | 4.9 | N/A | 6.7 | 5.5 | 3.9% |
| New Zealand | 4.8 | 2.3 | 5.2 | 4.6 | -1.4% |
| South Korea | N/A | 0.6 | 1.1 | 1.4 | 52.8% |
| Germany | 2.7 | 7.0 | 2.7 | 0.9 | -30.7% |
| United Kingdom | 10.1 | 15.5 | 3.6 | 0.3 | -69.0% |
| Others | 7.6 | 3.1 | 2.5 | 0.6 | -57.1% |
| Total | 419 | 565 | 728 | 845 | 26.3% |
Top Export Markets for Castor Oil Seed from Canada in 2022:
- United States (116.9 tons)
- Australia (10.6 tons)
- New Zealand (9.0 tons)
- South Korea (2.7 tons)
- Germany (1.7 tons)
- United Kingdom (0.6 tons)
This report provides an in-depth analysis of the castor oil seed market in Canada. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 266 -
- JSIC 0981 -
- JSIC 0982 -
- JSIC 1063 -
Country coverage:
- Canada
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Canada
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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