India - Castor Oil Seed - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCastor Oil Seed Price in India - 2023
Contents:
- Castor Oil Seed Price in India (FOB) - 2023
- Castor Oil Seed Price in India (CIF) - 2022
- Castor Oil Seed Exports in India
- Castor Oil Seed Imports in India
Castor Oil Seed Price in India (FOB) - 2023
The average castor oil seed export price stood at $1,476 per ton in June 2023, waning by -4.1% against the previous month. Over the period under review, the export price showed a perceptible reduction. The pace of growth appeared the most rapid in December 2022 when the average export price increased by 1.5% against the previous month. The export price peaked at $1,988 per ton in June 2022; however, from July 2022 to June 2023, the export prices remained at a lower figure.
Average prices varied noticeably for the major export markets. In June 2023, the highest price was recorded for prices to the United States ($1,740 per ton) and South Korea ($1,546 per ton), while the average price for exports to Thailand ($1,409 per ton) and China ($1,412 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-1.1%), while the prices for the other major destinations experienced a decline.
Castor Oil Seed Price in India (CIF) - 2022
In 2022, the average castor oil seed import price amounted to $12,640 per ton, with an increase of 282% against the previous year. Overall, the import price enjoyed a strong increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($25,269 per ton), while the price for the United Arab Emirates ($2,070 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+0.7%), while the prices for the other major suppliers experienced a decline.
Castor Oil Seed Exports in India
After three years of growth, shipments abroad of castor oil seed decreased by -15.7% to 582K tons in 2022. The total export volume increased at an average annual rate of +2.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2020 with an increase of 20%.
In value terms, castor oil seed exports amounted to $1.1B in 2022. The total export value increased at an average annual rate of +8.4% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 31% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Castor Oil Seed in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 369 | 386 | 504 | 498 | 10.5% |
| Netherlands | 137 | 101 | 145 | 162 | 5.7% |
| France | 76.7 | 84.4 | 114 | 113 | 13.8% |
| United States | 86.8 | 82.1 | 109 | 112 | 8.9% |
| Thailand | 31.0 | 24.4 | 30.3 | 32.6 | 1.7% |
| Japan | 27.8 | 18.4 | 28.8 | 31.5 | 4.3% |
| Turkey | 11.1 | 7.9 | 12.7 | 21.0 | 23.7% |
| Others | 118 | 95.2 | 106 | 121 | 0.8% |
| Total | 857 | 799 | 1,050 | 1,090 | 8.3% |
Top Export Markets for Castor Oil Seed from India in 2022:
- China (269.3K tons)
- Netherlands (87.9K tons)
- France (60.7K tons)
- United States (59.7K tons)
- Thailand (17.4K tons)
- Japan (17.0K tons)
- Turkey (10.8K tons)
Castor Oil Seed Imports in India
In 2022, supplies from abroad of castor oil seed decreased by -57.1% to 59 tons, falling for the second year in a row after two years of growth. In general, imports continue to indicate a significant decline. The most prominent rate of growth was recorded in 2020 with an increase of 18%. As a result, imports reached the peak of 152 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, castor oil seed imports soared to $749K in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +12.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Castor Oil Seed in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 73.6 | 138 | 84.6 | 662 | 108.0% |
| United Arab Emirates | 426 | 451 | 364 | 45.0 | -52.7% |
| Italy | N/A | N/A | 3.0 | 14.4 | 380.0% |
| Germany | 7.2 | 2.3 | 2.5 | 10.6 | 13.8% |
| Belgium | N/A | 0.1 | N/A | 7.8 | 783.2% |
| Japan | 0.2 | 0.1 | 0.6 | 3.9 | 169.2% |
| Others | 22.0 | 3.7 | 3.5 | 5.3 | -37.8% |
| Total | 529 | 595 | 458 | 749 | 12.3% |
Top Suppliers of Castor Oil Seed to India in 2022:
- United States (26.2 tons)
- United Arab Emirates (21.7 tons)
- Germany (4.0 tons)
- Belgium (2.9 tons)
- Italy (2.5 tons)
- Japan (1.0 tons)
This report provides an in-depth analysis of the castor oil seed market in India. 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:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- 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
663
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