Pakistan - Castor Oil Seed - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCastor Oil Seed Price in Pakistan - 2023
Contents:
- Castor Oil Seed Price in Pakistan (CIF) - 2022
- Castor Oil Seed Price in Pakistan (FOB) - 2022
- Castor Oil Seed Imports in Pakistan
- Castor Oil Seed Exports in Pakistan
Castor Oil Seed Price in Pakistan (CIF) - 2022
In 2022, the average castor oil seed import price amounted to $2,041 per ton, remaining relatively unchanged against the previous year. In general, the import price, however, saw a mild downturn. The pace of growth appeared the most rapid in 2021 an increase of 14%. Over the period under review, average import prices attained the peak figure at $2,422 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($4,448 per ton), while the price for the United Arab Emirates ($1,804 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+1.1%), while the prices for the other major suppliers experienced a decline.
Castor Oil Seed Price in Pakistan (FOB) - 2022
The average castor oil seed export price stood at $3,182 per ton in 2022, remaining constant against the previous year. In general, export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.6% 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 export price increased by +94.4% against 2016 indices. The growth pace was the most rapid in 2020 an increase of 27%. Over the period under review, the average export prices attained the peak figure at $3,216 per ton in 2021, and then dropped slightly in the following year.
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 Somalia ($8,696 per ton), while the average price for exports to the United States ($1,714 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 the United Arab Emirates (+20.8%), while the prices for the other major destinations experienced more modest paces of growth.
Castor Oil Seed Imports in Pakistan
After three years of growth, supplies from abroad of castor oil seed decreased by -37.5% to 443 tons in 2022. In general, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +5.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 43%. As a result, imports attained the peak of 710 tons, and then shrank dramatically in the following year.
In value terms, castor oil seed imports declined remarkably to $905K in 2022. Over the period under review, imports, however, showed resilient growth. The pace of growth was the most pronounced in 2021 with an increase of 63%. As a result, imports attained the peak of $1.4M, and then fell notably in the following year.
| Import of Castor Oil Seed in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 458 | 709 | 1,096 | 530 | 5.0% |
| India | N/A | N/A | N/A | 236 | 0% |
| Japan | 42.6 | 63.8 | 95.2 | 44.5 | 1.5% |
| United Arab Emirates | 89.1 | 43.0 | 76.3 | 37.6 | -25.0% |
| Germany | 13.6 | 5.7 | 7.0 | 25.2 | 22.8% |
| Indonesia | N/A | N/A | 68.4 | N/A | 0% |
| Others | 141 | 65.6 | 102 | 31.2 | -39.5% |
| Total | 745 | 887 | 1,445 | 905 | 6.7% |
Top Suppliers of Castor Oil Seed to Pakistan in 2022:
- Spain (274.4 tons)
- India (117.4 tons)
- United Arab Emirates (20.8 tons)
- Japan (10.0 tons)
- Germany (9.7 tons)
Castor Oil Seed Exports in Pakistan
In 2022, the amount of castor oil seed exported from Pakistan shrank markedly to 47 tons, reducing by -38.4% compared with the previous year. In general, exports, however, enjoyed resilient growth. The pace of growth was the most pronounced in 2021 with an increase of 310% against the previous year. As a result, the exports reached the peak of 76 tons, and then reduced markedly in the following year.
In value terms, castor oil seed exports reduced remarkably to $149K in 2022. Overall, exports, however, saw significant growth. The growth pace was the most rapid in 2021 when exports increased by 356% against the previous year. As a result, the exports reached the peak of $245K, and then reduced notably in the following year.
| Export of Castor Oil Seed in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sri Lanka | 58.7 | 25.5 | 92.4 | 50.0 | -5.2% |
| United Kingdom | 3.8 | 3.9 | 8.3 | 21.3 | 77.6% |
| United Arab Emirates | 0.2 | 0.3 | 1.4 | 18.6 | 353.1% |
| Jordan | 2.9 | 4.5 | 37.2 | 15.9 | 76.3% |
| Yemen | 5.1 | 5.2 | 22.2 | 8.2 | 17.2% |
| Somalia | 1.9 | 2.7 | 15.6 | 7.9 | 60.8% |
| Poland | 0.5 | 1.1 | 9.0 | 3.8 | 96.6% |
| Saudi Arabia | 1.5 | 1.2 | 3.3 | 2.6 | 20.1% |
| Taiwan (Chinese) | 1.8 | 1.8 | 7.3 | 2.6 | 13.0% |
| Bahrain | 0.9 | 1.1 | 5.5 | 2.4 | 38.7% |
| United States | 0.8 | 1.4 | 4.6 | 1.9 | 33.4% |
| Afghanistan | N/A | N/A | 5.9 | N/A | 0% |
| Others | 4.1 | 5.0 | 32.2 | 14.0 | 50.6% |
| Total | 82.2 | 53.7 | 245 | 149 | 21.9% |
Top Export Markets for Castor Oil Seed from Pakistan in 2022:
- Sri Lanka (23.6 tons)
- Jordan (7.7 tons)
- United Kingdom (3.4 tons)
- United Arab Emirates (2.4 tons)
- Yemen (1.7 tons)
- United States (1.1 tons)
- Bahrain (0.9 tons)
- Saudi Arabia (0.9 tons)
- Somalia (0.9 tons)
- Taiwan (Chinese) (0.8 tons)
- Poland (0.8 tons)
This report provides an in-depth analysis of the castor oil seed market in Pakistan. 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:
- Pakistan
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Pakistan
- 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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