
U.S. - Castor Oil Seed - Market Analysis, Forecast, Size, Trends And Insights
Castor Oil Seed Price Amounts to $2,532 per Ton, Fluctuating Moderately this Year
U.S. Castor Oil Seed Import Price per Ton August 2022
In August 2022, the castor oil seed price per ton stood at $2,532, rising by 24% against the previous month. Over the period from January 2022 to August 2022, it increased at an average monthly rate of +1.9%. The most prominent rate of growth was recorded in May 2022 an increase of 34% m-o-m. Over the period under review, average import prices hit record highs in August 2022.
As there is only one major supplying country, the average price level is determined by prices for India.
From January 2022 to August 2022, the rate of growth in terms of prices for India amounted to +1.9% per month.
U.S. Castor Oil Seed Imports
In August 2022, approximately 2.7K tons of castor oil seed were imported into the United States; dropping by -42.5% compared with the previous month. Overall, imports saw a deep contraction. The growth pace was the most rapid in March 2022 with an increase of 1,184% against the previous month. Imports peaked at 8.4K tons in April 2022; however, from May 2022 to August 2022, imports failed to regain momentum.
In value terms, castor oil seed imports contracted rapidly to $6.8M (IndexBox estimates) in August 2022. Over the period under review, imports showed a perceptible reduction. The most prominent rate of growth was recorded in March 2022 with an increase of 903% m-o-m. Imports peaked at $16M in April 2022; however, from May 2022 to August 2022, imports remained at a lower figure.
U.S. Castor Oil Seed Imports by Country
In August 2022, India (2.7K tons) was the main castor oil seed supplier to the United States, accounting for a approximately 100% share of total imports.
From January 2022 to August 2022, the average monthly rate of growth in terms of volume from India stood at -5.3%.
In value terms, India ($6.7M) constituted the largest supplier of castor oil seed to the United States.
From January 2022 to August 2022, the average monthly growth rate of value from India amounted to -3.4%.
This report provides an in-depth analysis of the castor oil seed market in the U.S.. 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.
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