Malaysia - Castor Oil Seed - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCastor Oil Seed Price in Malaysia - 2021
Contents:
- Castor Oil Seed Price in Malaysia (CIF) - 2021
- Castor Oil Seed Price in Malaysia (FOB) - 2022
- Castor Oil Seed Imports in Malaysia
- Castor Oil Seed Exports in Malaysia
Castor Oil Seed Price in Malaysia (CIF) - 2021
The average castor oil seed import price stood at $2,180 per ton in December 2021, rising by 19% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +3.3%. The pace of growth appeared the most rapid in July 2021 an increase of 25% m-o-m. As a result, import price attained the peak level of $2,205 per ton; afterwards, it flattened through to December 2021.
As there is only one major supplying country, the average price level is determined by prices for India.
From December 2020 to December 2021, the rate of growth in terms of prices for the UK amounted to +27.8% per month.
Castor Oil Seed Price in Malaysia (FOB) - 2022
In 2022, the average castor oil seed export price amounted to $2,085 per ton, waning by -16.1% against the previous year. In general, the export price showed a deep slump. The most prominent rate of growth was recorded in 2018 an increase of 121% against the previous year. The export price peaked at $7,058 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was India ($3,454 per ton), while the average price for exports to Vietnam ($1,997 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 India (-3.5%), while the prices for the other major destinations experienced a decline.
Castor Oil Seed Imports in Malaysia
In 2022, the amount of castor oil seed imported into Malaysia stood at 2.1K tons, approximately reflecting the year before. The total import volume increased at an average annual rate of +5.3% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 18%. As a result, imports attained the peak of 2.1K tons; afterwards, it flattened through to 2022.
In value terms, castor oil seed imports declined slightly to $3.6M in 2022. The total import value increased at an average annual rate of +1.7% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 6.9% against the previous year. As a result, imports reached the peak of $3.7M, and then fell in the following year.
Import of Castor Oil Seed in Malaysia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | 2,656 | 2,948 | 3,111 | 3,035 | 4.5% |
United Kingdom | 276 | 175 | 231 | 225 | -6.6% |
Japan | 316 | 230 | 136 | 217 | -11.8% |
Thailand | 184 | 22.5 | 99.4 | 97.6 | -19.1% |
Others | 16.5 | 130 | 172 | 52.1 | 46.7% |
Total | 3,449 | 3,506 | 3,749 | 3,627 | 1.7% |
Top Suppliers of Castor Oil Seed to Malaysia in 2022:
- India (1811.7 tons)
- United Kingdom (128.6 tons)
- Japan (99.8 tons)
- Thailand (53.9 tons)
Castor Oil Seed Exports in Malaysia
In 2022, approx. 131 tons of castor oil seed were exported from Malaysia; jumping by 94% against the previous year's figure. Overall, exports recorded a pronounced expansion.
In value terms, castor oil seed exports soared to $274K in 2022. Over the period under review, exports enjoyed a pronounced expansion.
Export of Castor Oil Seed in Malaysia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Thailand | 158 | 211 | 61.7 | 206 | 9.2% |
Vietnam | 37.2 | 41.0 | 30.5 | 54.3 | 13.4% |
India | 2.4 | 19.7 | 9.3 | 13.7 | 78.7% |
Indonesia | 31.4 | N/A | 1.5 | N/A | -78.1% |
United Arab Emirates | N/A | 85.0 | N/A | N/A | 0% |
Egypt | 10.3 | N/A | 51.3 | N/A | 123.2% |
Others | 5.1 | 23.0 | 13.9 | N/A | 65.1% |
Total | 245 | 380 | 168 | 274 | 3.8% |
Top Export Markets for Castor Oil Seed from Malaysia in 2022:
- Thailand (100.3 tons)
- Vietnam (27.2 tons)
- India (4.0 tons)
This report provides an in-depth analysis of the castor oil seed market in Malaysia. 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:
- Malaysia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Malaysia
- 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
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Global castor oil seed consumption amounted to X thousand tons in 2015, surging by +X% against the previous year level.
In 2015, the country with the largest volume of the castor oil seed output was India (X thousand tons), accounting for X% of global production.
Despite a rocky 2014, Paraguay continued its dominance in the global castor oil seed trade. In 2014, Paraguay exported X tons of castor oil seed totaling X thousand USD, X% under the previous year. Its only trading partner was Brazil, where
Global linseed oil consumption amounted to X thousand tons in 2015, shrinking by -X% against the previous year level.
In 2015, the countries with the highest levels of linseed oil production were China (X thousand tons), Belgium (X thousand tons), the United States (X thousand tons), together accounting for X% of total output.
Belgium continued its dominance in the global linseed oil trade. In 2014, Belgium exported X thousand tons of linseed oil totaling X million USD, X% under the previous year. Its primary trading partner was Germany, where it supplied X% of its to
Global maize oil consumption amounted to X thousand tons in 2015, falling by -X% against the previous year level.
In 2015, the country with the largest volume of the maize oil output was the United States (X thousand tons), accounting for X% of global production.
The maize oil market reached X million USD, rising with an annual increase of X%.
The U.S. dominates in the global maize oil trade. In 2014, the U.S. exported X thousand tons of maize oil totaling X million USD, X% under the previous year. Its primary trading partner was Saudi Arabia, where it supplied X% of its total maize