Castor Oil Seed Price in Slovenia - 2023
Contents:
- Castor Oil Seed Price in Slovenia (CIF) - 2022
- Castor Oil Seed Price in Slovenia (FOB) - 2022
- Castor Oil Seed Imports in Slovenia
- Castor Oil Seed Exports in Slovenia
Castor Oil Seed Price in Slovenia (CIF) - 2022
The average castor oil seed import price stood at $2,292 per ton in 2022, increasing by 30% against the previous year. Over the period under review, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +2.6% 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 import price increased by +59.5% against 2020 indices. The most prominent rate of growth was recorded in 2017 an increase of 49% against the previous year. The import price peaked in 2022 and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($2,380 per ton), while the price for Italy ($2,208 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Castor Oil Seed Price in Slovenia (FOB) - 2022
The average castor oil seed export price stood at $2,791 per ton in 2022, rising by 40% against the previous year. Overall, export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +3.5% 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 +34.4% against 2019 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
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 Bosnia and Herzegovina ($3,953 per ton), while the average price for exports to Serbia ($1,800 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 Croatia (+3.3%), while the prices for the other major destinations experienced a decline.
Castor Oil Seed Imports in Slovenia
In 2022, after three years of growth, there was significant decline in overseas purchases of castor oil seed, when their volume decreased by -48.4% to 233 tons. Over the period under review, imports saw a abrupt downturn. The pace of growth was the most pronounced in 2020 when imports increased by 25%.
In value terms, castor oil seed imports declined remarkably to $535K in 2022. In general, imports continue to indicate a pronounced shrinkage. The pace of growth was the most pronounced in 2021 when imports increased by 46%. As a result, imports reached the peak of $800K, and then shrank sharply in the following year.
Import of Castor Oil Seed in Slovenia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Italy | 87.7 | 147 | 174 | 272 | 45.8% |
Germany | 94.5 | 137 | 206 | 229 | 34.3% |
India | 333 | 249 | 399 | 17.1 | -62.8% |
Others | 67.9 | 16.5 | 20.1 | 16.9 | -37.1% |
Total | 583 | 549 | 800 | 535 | -2.8% |
Top Suppliers of Castor Oil Seed to Slovenia in 2022:
- Italy (123.2 tons)
- Germany (99.7 tons)
- India (7.2 tons)
Castor Oil Seed Exports in Slovenia
In 2022, overseas shipments of castor oil seed decreased by -74.9% to 23 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 94%.
In value terms, castor oil seed exports shrank sharply to $65K in 2022. In general, exports showed a abrupt setback. The growth pace was the most rapid in 2020 with an increase of 67% against the previous year.
Export of Castor Oil Seed in Slovenia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Croatia | 43.9 | 99.5 | 100 | 37.8 | -4.9% |
Serbia | 39.7 | 24.8 | 74.3 | 14.0 | -29.3% |
Czech Republic | N/A | 24.4 | N/A | 2.6 | -67.4% |
Bosnia and Herzegovina | 7.3 | 3.7 | 2.9 | 1.6 | -39.7% |
Others | 0.6 | 0.7 | 7.7 | 9.0 | 146.6% |
Total | 91.5 | 153 | 185 | 65.0 | -10.8% |
Top Export Markets for Castor Oil Seed from Slovenia in 2022:
- Croatia (14.5 tons)
- Serbia (7.8 tons)
- Bosnia and Herzegovina (0.4 tons)
- Czech Republic (0.1 tons)
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