Castor Oil Seed Price in Serbia - 2023
Contents:
- Castor Oil Seed Price in Serbia (CIF) - 2022
- Castor Oil Seed Price in Serbia (FOB) - 2022
- Castor Oil Seed Imports in Serbia
- Castor Oil Seed Exports in Serbia
Castor Oil Seed Price in Serbia (CIF) - 2022
The average castor oil seed import price stood at $2,658 per ton in 2022, rising by 23% against the previous year. Over the period under review, the import price, however, showed a slight slump. The import price peaked at $3,139 per ton in 2013; however, from 2014 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 Greece ($4,643 per ton), while the price for Belgium ($2,493 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Castor Oil Seed Price in Serbia (FOB) - 2022
The average castor oil seed export price stood at $4,019 per ton in 2022, growing by 5.2% against the previous year. In general, the export price, however, recorded a perceptible decrease. The pace of growth was the most pronounced in 2014 an increase of 23%. The export price peaked at $6,858 per ton in 2016; however, from 2017 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 Sweden ($10,277 per ton), while the average price for exports to Russia ($3,000 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 Sweden (+18.9%), while the prices for the other major destinations experienced mixed trend patterns.
Castor Oil Seed Imports in Serbia
In 2022, the amount of castor oil seed imported into Serbia expanded to 108 tons, picking up by 4.9% on 2021 figures. Over the period under review, imports posted significant growth. The growth pace was the most rapid in 2020 when imports increased by 52% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.
In value terms, castor oil seed imports skyrocketed to $287K in 2022. In general, imports recorded significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 60%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Castor Oil Seed in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 59.7 | 90.1 | 116 | 192 | 47.6% |
| Spain | 8.5 | 20.3 | 14.2 | 31.0 | 53.9% |
| Belgium | 4.4 | 19.5 | 27.6 | 26.0 | 80.8% |
| Germany | 14.7 | 1.2 | 12.5 | 17.1 | 5.2% |
| Italy | 0.5 | 0.2 | N/A | 8.9 | 161.1% |
| Greece | 3.3 | 5.3 | 6.5 | 7.9 | 33.8% |
| China | 8.6 | N/A | 39.4 | N/A | 114.0% |
| Others | 3.5 | 2.2 | 5.4 | 3.6 | 0.9% |
| Total | 103 | 139 | 221 | 287 | 40.7% |
Top Suppliers of Castor Oil Seed to Serbia in 2022:
- India (76.3 tons)
- Belgium (10.4 tons)
- Spain (10.0 tons)
- Germany (6.1 tons)
- Italy (2.5 tons)
- Greece (1.7 tons)
Castor Oil Seed Exports in Serbia
In 2022, approx. 30 tons of castor oil seed were exported from Serbia; picking up by 554% against the year before. Overall, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, castor oil seed exports skyrocketed to $121K in 2022. In general, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Castor Oil Seed in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | N/A | N/A | N/A | 50.2 | 0% |
| Sweden | 7.6 | 26.4 | N/A | 30.1 | 58.2% |
| Belarus | N/A | N/A | N/A | 27.9 | 0% |
| Bosnia and Herzegovina | 5.3 | 11.6 | 16.7 | 11.8 | 30.6% |
| Montenegro | 2.8 | 0.6 | 0.5 | 1.2 | -24.6% |
| Others | 0.1 | N/A | 0.5 | N/A | 123.6% |
| Total | 15.7 | 38.6 | 17.6 | 121 | 97.5% |
Top Export Markets for Castor Oil Seed from Serbia in 2022:
- Russia (16.7 tons)
- Belarus (7.2 tons)
- Bosnia and Herzegovina (3.2 tons)
- Sweden (2.9 tons)
- Montenegro (0.1 tons)
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