Castor Oil Seed Price in Libya - 2022
Contents:
Castor Oil Seed Price in Libya (CIF) - 2022
The average castor oil seed import price stood at $1,622 per ton in 2022, stabilizing at the previous year. In general, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, castor oil seed import price decreased by +0.3% against 2019 indices. The most prominent rate of growth was recorded in 2015 an increase of 22%. Over the period under review, average import prices hit record highs at $2,360 per ton in 2016; however, from 2017 to 2022, 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 2012 to 2022, the rate of growth in terms of prices for India amounted to +3.4% per year.
Castor Oil Seed Imports in Libya
In 2022, supplies from abroad of castor oil seed was finally on the rise to reach 12 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, showed a abrupt setback.
In value terms, castor oil seed imports stood at $20K in 2022. Overall, imports, however, continue to indicate a deep slump.
| Import of Castor Oil Seed in Libya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 29.1 | 21.3 | 17.2 | 19.9 | -11.9% |
| Others | N/A | 1.1 | 0.1 | N/A | -90.9% |
| Total | 29.1 | 22.4 | 17.3 | 19.9 | -11.9% |
Top Suppliers of Castor Oil Seed to Libya in 2022:
- India (12.3 tons)
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