Castor Oil Seed Price in Guatemala - 2023
Contents:
- Castor Oil Seed Price in Guatemala (CIF) - 2022
- Castor Oil Seed Price in Guatemala (FOB) - 2022
- Castor Oil Seed Imports in Guatemala
- Castor Oil Seed Exports in Guatemala
Castor Oil Seed Price in Guatemala (CIF) - 2022
The average castor oil seed import price stood at $3,486 per ton in 2022, increasing by 58% against the previous year. In general, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, castor oil seed import price increased by +34.0% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the Netherlands ($4,255 per ton) and Germany ($4,157 per ton), while the price for Mexico ($3,294 per ton) and India ($3,470 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+3.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Castor Oil Seed Price in Guatemala (FOB) - 2022
In 2022, the average castor oil seed export price amounted to $3,267 per ton, with an increase of 21% against the previous year. Overall, export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, castor oil seed export price increased by +74.9% against 2019 indices. The most prominent rate of growth was recorded in 2018 an increase of 53% against the previous year. As a result, the export price attained the peak level of $3,356 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Costa Rica ($3,368 per ton), while the average price for exports to El Salvador amounted to $3,068 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (+10.5%), while the prices for the other major destinations experienced more modest paces of growth.
Castor Oil Seed Imports in Guatemala
After three years of growth, purchases abroad of castor oil seed decreased by -12.2% to 88 tons in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +11.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +36.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 52% against the previous year. As a result, imports reached the peak of 101 tons, and then declined in the following year.
In value terms, castor oil seed imports soared to $308K in 2022. Over the period under review, imports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 64% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Castor Oil Seed in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 90.0 | 75.4 | 172 | 209 | 32.4% |
| Mexico | 4.4 | 14.3 | 12.2 | 46.0 | 118.7% |
| United States | 18.6 | 15.1 | 21.2 | 33.3 | 21.4% |
| Netherlands | N/A | N/A | N/A | 15.7 | 0% |
| Germany | 53.6 | 21.7 | 15.5 | 3.2 | -60.9% |
| Others | 1.7 | 9.0 | 0.8 | 1.3 | -8.6% |
| Total | 168 | 135 | 222 | 308 | 22.4% |
Top Suppliers of Castor Oil Seed to Guatemala in 2022:
- India (60.2 tons)
- Mexico (14.0 tons)
- United States (9.4 tons)
- Netherlands (3.7 tons)
- Germany (0.8 tons)
Castor Oil Seed Exports in Guatemala
After two years of decline, overseas shipments of castor oil seed increased by 60% to 17 tons in 2022. Overall, exports, however, showed a abrupt contraction.
In value terms, castor oil seed exports soared to $54K in 2022. In general, exports continue to indicate buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Castor Oil Seed in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Costa Rica | 23.1 | 17.2 | 19.6 | 37.2 | 17.2% |
| El Salvador | 1.5 | 4.7 | 4.2 | 17.3 | 125.9% |
| Nicaragua | 14.7 | 1.9 | 3.8 | N/A | -49.2% |
| Others | N/A | 0.5 | 0.6 | N/A | 20.0% |
| Total | 39.3 | 24.3 | 28.1 | 54.5 | 11.5% |
Top Export Markets for Castor Oil Seed from Guatemala in 2022:
- Costa Rica (11.1 tons)
- El Salvador (5.6 tons)
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