Castor Oil Seed Price in Slovakia - 2023
Contents:
- Castor Oil Seed Price in Slovakia (CIF) - 2022
- Castor Oil Seed Price in Slovakia (FOB) - 2022
- Castor Oil Seed Imports in Slovakia
- Castor Oil Seed Exports in Slovakia
Castor Oil Seed Price in Slovakia (CIF) - 2022
The average castor oil seed import price stood at $3,003 per ton in 2022, which is down by -2.5% against the previous year. Overall, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +3.9% 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 increased by +50.8% against 2019 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by 32% against the previous year. Over the period under review, average import prices attained the maximum at $3,376 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($6,457 per ton), while the price for India ($2,467 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+9.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Castor Oil Seed Price in Slovakia (FOB) - 2022
The average castor oil seed export price stood at $6,705 per ton in 2022, jumping by 18% against the previous year. In general, the export price recorded a resilient expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by 345%. The export price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($12,600 per ton), while the average price for exports to Italy ($1,800 per ton) was amongst the lowest.
From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+72.5%), while the prices for the other major destinations experienced more modest paces of growth.
Castor Oil Seed Imports in Slovakia
In 2022, purchases abroad of castor oil seed was finally on the rise to reach 40 tons after two years of decline. In general, imports, however, faced a abrupt curtailment.
In value terms, castor oil seed imports soared to $121K in 2022. Overall, imports saw a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Castor Oil Seed in Slovakia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | N/A | 0.1 | 0.3 | 82.7 | 2775.8% |
| Czech Republic | 36.5 | 70.4 | 21.0 | 20.0 | -18.2% |
| Germany | 57.9 | 11.3 | 42.9 | 15.4 | -35.7% |
| Belgium | 10.8 | 4.4 | N/A | N/A | -59.3% |
| Netherlands | 13.3 | N/A | N/A | N/A | 0% |
| Others | 2.8 | 3.7 | 4.9 | 3.1 | 3.5% |
| Total | 121 | 90.0 | 69.1 | 121 | 0.0% |
Top Suppliers of Castor Oil Seed to Slovakia in 2022:
- India (33.5 tons)
- Germany (3.5 tons)
- Czech Republic (3.1 tons)
Castor Oil Seed Exports in Slovakia
In 2022, after three years of growth, there was significant decline in shipments abroad of castor oil seed, when their volume decreased by -43.7% to 166 kg. Overall, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 2,007% against the previous year. As a result, the exports reached the peak of 295 kg, and then reduced markedly in the following year.
In value terms, castor oil seed exports fell dramatically to $1.1K in 2022. In general, exports, however, posted a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 1,975%.
| Export of Castor Oil Seed in Slovakia (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | 1.0 | 75.0 | 149 | 349 | 604.1% |
| Portugal | N/A | N/A | N/A | 336 | 0% |
| Poland | 1.0 | 4.0 | 744 | 110 | 379.1% |
| Denmark | N/A | N/A | N/A | 63.0 | 0% |
| Germany | N/A | N/A | N/A | 59.0 | 0% |
| Netherlands | 2.0 | 4.0 | 748 | 47.0 | 186.4% |
| Finland | N/A | N/A | N/A | 26.0 | 0% |
| Latvia | N/A | N/A | N/A | 15.0 | 0% |
| Sweden | N/A | N/A | N/A | 14.0 | 0% |
| Italy | N/A | N/A | N/A | 9.0 | 0% |
| Ireland | N/A | N/A | N/A | 9.0 | 0% |
| Cyprus | N/A | N/A | N/A | 8.0 | 0% |
| France | N/A | N/A | N/A | 7.0 | 0% |
| Others | N/A | N/A | 37.0 | 61.0 | 64.9% |
| Total | 4.0 | 83.0 | 1,678 | 1,113 | 552.8% |
Top Export Markets for Castor Oil Seed from Slovakia in 2022:
- Czech Republic (68.0 kg)
- Portugal (28.0 kg)
- Poland (12.0 kg)
- Netherlands (6.0 kg)
- Germany (6.0 kg)
- Italy (5.0 kg)
- Denmark (5.0 kg)
- Finland (5.0 kg)
- Sweden (5.0 kg)
- Latvia (5.0 kg)
- France (3.0 kg)
- Ireland (3.0 kg)
- Cyprus (3.0 kg)
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