Castor Oil Seed Price in Kuwait - 2022
Contents:
Castor Oil Seed Price in Kuwait (CIF) - 2021
The average castor oil seed import price stood at $2,134 per ton in December 2021, stabilizing at the previous month. Over the period under review, the import price enjoyed a pronounced expansion. The pace of growth was the most pronounced in March 2021 when the average import price increased by 541% against the previous month. Over the period under review, average import prices attained the peak figure at $10,409 per ton in June 2021; however, from July 2021 to December 2021, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for India.
From January 2021 to December 2021, the rate of growth in terms of prices for India amounted to +2.7% per month.
Castor Oil Seed Imports in Kuwait
In 2022, castor oil seed imports into Kuwait fell slightly to 266 tons, declining by -4.3% compared with the year before. Over the period under review, imports showed a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 9.3% against the previous year.
In value terms, castor oil seed imports declined to $493K in 2022. Overall, imports saw a abrupt descent. The pace of growth appeared the most rapid in 2021 when imports increased by 15%.
| Import of Castor Oil Seed in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 450 | 260 | 456 | 345 | -8.5% |
| United States | 177 | 76.7 | 0.2 | 79.3 | -23.5% |
| United Kingdom | 16.1 | 60.9 | 16.5 | 28.5 | 21.0% |
| Others | 125 | 60.0 | 55.1 | 40.4 | -31.4% |
| Total | 768 | 458 | 528 | 493 | -13.7% |
Top Suppliers of Castor Oil Seed to Kuwait in 2022:
- India (248.7 tons)
- United States (5.5 tons)
- United Kingdom (5.0 tons)
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