Castor Oil Seed Price in Kenya - 2021
Contents:
- Castor Oil Seed Price in Kenya (CIF) - 2022
- Castor Oil Seed Price in Kenya (FOB) - 2022
- Castor Oil Seed Imports in Kenya
- Castor Oil Seed Exports in Kenya
Castor Oil Seed Price in Kenya (CIF) - 2022
In 2022, the average castor oil seed import price amounted to $1,963 per ton, reducing by -5.3% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 35% against the previous year. The import price peaked at $2,073 per ton in 2021, and then reduced in the following year.
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 Italy ($3,036 per ton), while the price for India ($1,808 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+0.3%).
Castor Oil Seed Price in Kenya (FOB) - 2022
The average castor oil seed export price stood at $7,477 per ton in 2022, growing by 2.3% against the previous year. Overall, the export price showed significant growth. The most prominent rate of growth was recorded in 2014 when the average export price increased by 86% against the previous year. The export price peaked at $7,539 per ton in 2019; afterwards, it flattened through to 2022.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Malawi ($8,795 per ton), while the average price for exports to Rwanda ($3,333 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 Malawi (+31.5%), while the prices for the other major destinations experienced more modest paces of growth.
Castor Oil Seed Imports in Kenya
In 2022, the amount of castor oil seed imported into Kenya fell rapidly to 204 tons, which is down by -33.1% against the year before. Over the period under review, imports, however, enjoyed strong growth. The growth pace was the most rapid in 2021 with an increase of 196%. As a result, imports reached the peak of 305 tons, and then reduced sharply in the following year.
In value terms, castor oil seed imports dropped remarkably to $400K in 2022. In general, imports, however, enjoyed a buoyant expansion. The growth pace was the most rapid in 2021 with an increase of 275% against the previous year. As a result, imports attained the peak of $633K, and then dropped notably in the following year.
| Import of Castor Oil Seed in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 252 | 166 | 620 | 305 | 6.6% |
| Brazil | N/A | N/A | N/A | 47.7 | 0% |
| Italy | N/A | N/A | N/A | 21.8 | 0% |
| Others | 3.6 | 2.5 | 12.3 | 26.1 | 93.5% |
| Total | 255 | 168 | 633 | 400 | 16.2% |
Top Suppliers of Castor Oil Seed to Kenya in 2022:
- India (168.6 tons)
- Brazil (20.2 tons)
- Italy (7.2 tons)
Castor Oil Seed Exports in Kenya
In 2022, overseas shipments of castor oil seed were finally on the rise to reach 386 kg after two years of decline. Overall, exports, however, showed a sharp decrease.
In value terms, castor oil seed exports surged to $2.9K in 2022. In general, exports, however, recorded a precipitous decline.
| Export of Castor Oil Seed in Kenya (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uganda | 4,383 | 599 | 996 | 2,385 | -18.4% |
| Malawi | 382 | 182 | 143 | 343 | -3.5% |
| Tanzania | 2,871 | 171 | 74.0 | 138 | -63.6% |
| Rwanda | 142 | 5.0 | 5.0 | 20.0 | -48.0% |
| Zambia | N/A | 3,594 | N/A | N/A | 0% |
| Others | 108 | 1.0 | 2.0 | N/A | -86.4% |
| Total | 7,886 | 4,552 | 1,220 | 2,886 | -28.5% |
Top Export Markets for Castor Oil Seed from Kenya in 2022:
- Uganda (315.0 kg)
- Malawi (39.0 kg)
- Tanzania (26.0 kg)
- Rwanda (6.0 kg)
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