Castor Oil Seed Price in Estonia - 2023
Contents:
- Castor Oil Seed Price in Estonia (CIF) - 2022
- Castor Oil Seed Price in Estonia (FOB) - 2022
- Castor Oil Seed Imports in Estonia
- Castor Oil Seed Exports in Estonia
Castor Oil Seed Price in Estonia (CIF) - 2022
In 2022, the average castor oil seed import price amounted to $2,436 per ton, growing by 8.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2017 when the average import price increased by 17%. The import price peaked in 2022 and is likely to see gradual growth in the near future.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($2,336 per ton), while the price for India ($2,000 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Castor Oil Seed Price in Estonia (FOB) - 2022
The average castor oil seed export price stood at $7,063 per ton in 2022, jumping by 21% against the previous year. Overall, the export price continues to indicate strong growth. The pace of growth was the most pronounced in 2017 when the average export price increased by 224% against the previous year. Over the period under review, the average export prices reached the peak figure at $10,337 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Finland ($40,253 per ton), while the average price for exports to Russia stood at $2,236 per ton.
From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+0.2%).
Castor Oil Seed Imports in Estonia
After three years of growth, purchases abroad of castor oil seed decreased by -36.2% to 75 tons in 2022. Overall, imports, however, saw resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 117% against the previous year. As a result, imports attained the peak of 117 tons, and then reduced sharply in the following year.
In value terms, castor oil seed imports reduced remarkably to $182K in 2022. In general, imports, however, posted a prominent increase. The growth pace was the most rapid in 2021 when imports increased by 124% against the previous year. As a result, imports reached the peak of $263K, and then contracted significantly in the following year.
| Import of Castor Oil Seed in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 56.8 | 46.0 | 114 | 169 | 43.8% |
| Poland | N/A | N/A | 2.1 | 4.3 | 104.8% |
| Spain | N/A | N/A | 50.0 | N/A | 0% |
| Belgium | 54.4 | 43.1 | 86.9 | N/A | 26.4% |
| Others | 9.2 | 28.3 | 9.5 | 9.4 | 0.7% |
| Total | 120 | 117 | 263 | 182 | 14.9% |
Top Suppliers of Castor Oil Seed to Estonia in 2022:
- Germany (72.2 tons)
- Poland (2.0 tons)
Castor Oil Seed Exports in Estonia
Castor oil seed exports from Estonia declined remarkably to 2.5 tons in 2022, with a decrease of -31.4% compared with the previous year's figure. Overall, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 38%.
In value terms, castor oil seed exports shrank dramatically to $18K in 2022. Over the period under review, exports faced a deep contraction. The smallest decline of -3.1% was in 2020.
| Export of Castor Oil Seed in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Finland | 17.7 | 19.9 | 12.0 | 12.7 | -10.5% |
| Russia | 9.7 | 6.3 | 8.7 | 4.9 | -20.4% |
| Others | 0.9 | 1.2 | 0.8 | 0.2 | -39.4% |
| Total | 28.3 | 27.4 | 21.4 | 17.8 | -14.3% |
Top Export Markets for Castor Oil Seed from Estonia in 2022:
- Russia (2196.0 kg)
- Finland (316.0 kg)
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