Castor Oil Seed Price in Jordan - 2022
Contents:
- Castor Oil Seed Price in Jordan (CIF) - 2022
- Castor Oil Seed Price in Jordan (FOB) - 2022
- Castor Oil Seed Imports in Jordan
- Castor Oil Seed Exports in Jordan
Castor Oil Seed Price in Jordan (CIF) - 2022
The average castor oil seed import price stood at $2,251 per ton in 2022, increasing by 25% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +2.5% per year.
Castor Oil Seed Price in Jordan (FOB) - 2022
The average castor oil seed export price stood at $2,190 per ton in 2022, rising by 15% against the previous year. Overall, the export price, however, saw a perceptible curtailment. The pace of growth was the most pronounced in 2015 an increase of 64% against the previous year. Over the period under review, the average export prices reached the peak figure at $3,265 per ton in 2012; however, from 2013 to 2022, the export prices stood 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 Oman ($2,190 per ton), while the average price for exports to Free Zones ($2,190 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (+25.3%), while the prices for the other major destinations experienced more modest paces of growth.
Castor Oil Seed Imports in Jordan
In 2022, imports of castor oil seed into Jordan soared to 96 tons, rising by 25% on the year before. Over the period under review, imports, however, showed a abrupt decline. The growth pace was the most rapid in 2020 when imports increased by 108% against the previous year. As a result, imports reached the peak of 291 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, castor oil seed imports surged to $217K in 2022. In general, imports, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2020 with an increase of 72% against the previous year. As a result, imports attained the peak of $444K. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Castor Oil Seed in Jordan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 251 | 443 | 114 | 214 | -5.2% |
| Others | 8.2 | 1.0 | 23.7 | 2.7 | -30.9% |
| Total | 259 | 444 | 138 | 217 | -5.7% |
Top Suppliers of Castor Oil Seed to Jordan in 2022:
- India (95.2 tons)
Castor Oil Seed Exports in Jordan
In 2022, the amount of castor oil seed exported from Jordan skyrocketed to 20 tons, growing by 1,368% compared with the year before. In general, exports, however, recorded a sharp contraction.
In value terms, castor oil seed exports soared to $44K in 2022. Over the period under review, exports, however, recorded a significant decrease.
| Export of Castor Oil Seed in Jordan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Free Zones | 74.6 | N/A | 19.9 | -48.4% | |
| Oman | N/A | N/A | 18.9 | 0% | |
| United States | N/A | N/A | 5.7 | 0% | |
| Lebanon | N/A | 2.6 | N/A | 0% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 74.6 | 2.6 | 44.4 | -22.9% | |
Top Export Markets for Castor Oil Seed from Jordan in 2022:
- Free Zones (9.1 tons)
- Oman (8.6 tons)
- United States (2.6 tons)
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