Russian Federation - Castor Oil Seed - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCastor Oil Seed Price in Russia - 2022
Contents:
- Castor Oil Seed Price in Russia (CIF) - 2022
- Castor Oil Seed Price in Russia (FOB) - 2022
- Castor Oil Seed Imports in Russia
- Castor Oil Seed Exports in Russia
Castor Oil Seed Price in Russia (CIF) - 2022
The average castor oil seed import price stood at $2,341 per ton in January 2022, rising by 6.3% against the previous month. Overall, import price indicated a tangible expansion from January 2021 to January 2022: its price increased at an average monthly rate of +3.1% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2022 figures, castor oil seed import price decreased by -8.2% against November 2021 indices. The growth pace was the most rapid in June 2021 an increase of 25% month-to-month. The import price peaked at $2,551 per ton in November 2021; however, from December 2021 to January 2022, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In January 2022, the country with the highest price was Germany ($3,162 per ton), while the price for India ($2,296 per ton) was amongst the lowest.
From January 2021 to January 2022, the most notable rate of growth in terms of prices was attained by India (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Castor Oil Seed Price in Russia (FOB) - 2022
The average castor oil seed export price stood at $2,103 per ton in 2022, surging by 1.7% against the previous year. Over the period under review, the export price, however, saw a pronounced decline. The most prominent rate of growth was recorded in 2015 when the average export price increased by 17%. The export price peaked at $2,807 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat 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 Ukraine ($3,054 per ton), while the average price for exports to Kazakhstan ($2,029 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 Georgia (+2.8%), while the prices for the other major destinations experienced a decline.
Castor Oil Seed Imports in Russia
After three years of growth, overseas purchases of castor oil seed decreased by -2.3% to 6.2K tons in 2022. The total import volume increased at an average annual rate of +4.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 13%.
In value terms, castor oil seed imports reduced markedly to $11M in 2022. The total import value increased at an average annual rate of +5.3% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 44% against the previous year. As a result, imports attained the peak of $13M, and then reduced remarkably in the following year.
| Import of Castor Oil Seed in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 8.7 | 8.0 | 11.8 | 9.8 | 4.0% |
| Belarus | 0.1 | 0.1 | 0.1 | 0.5 | 71.0% |
| Germany | 0.1 | 0.3 | 0.2 | 0.3 | 44.2% |
| Others | 0.2 | 0.4 | 0.5 | N/A | 58.1% |
| Total | 9.1 | 8.7 | 12.5 | 10.6 | 5.2% |
Top Suppliers of Castor Oil Seed to Russia in 2022:
- India (5.8K tons)
- Belarus (0.2K tons)
- Germany (0.1K tons)
Castor Oil Seed Exports in Russia
In 2022, shipments abroad of castor oil seed decreased by -28.2% to 146 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 128%. As a result, the exports reached the peak of 204 tons, and then shrank remarkably in the following year.
In value terms, castor oil seed exports shrank markedly to $307K in 2022. In general, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 118% against the previous year. As a result, the exports attained the peak of $421K, and then plummeted in the following year.
| Export of Castor Oil Seed in Russia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kazakhstan | 0.6 | 79.1 | 151 | 265 | 661.5% |
| Ukraine | 19.8 | 14.1 | 116 | 23.3 | 5.6% |
| Georgia | 2.8 | 15.2 | 7.3 | 19.2 | 90.0% |
| Belarus | 105 | 38.6 | 106 | N/A | 0.5% |
| Azerbaijan | 16.5 | 8.3 | 2.8 | N/A | -58.8% |
| Others | 25.0 | 38.2 | 38.9 | 0.1 | -84.1% |
| Total | 169 | 194 | 421 | 307 | 22.0% |
Top Export Markets for Castor Oil Seed from Russia in 2022:
- Kazakhstan (130.5 tons)
- Georgia (8.0 tons)
- Ukraine (7.6 tons)
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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
-
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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