Castor Oil Seed Price in Sudan - 2022
Contents:
Castor Oil Seed Price in Sudan (CIF) - 2022
In 2022, the average castor oil seed import price amounted to $2,013 per ton, remaining constant against the previous year. Overall, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +2.8% 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 decreased by -0.0% against 2020 indices. The pace of growth appeared the most rapid in 2019 when the average import price increased by 20%. Over the period under review, average import prices hit record highs at $2,014 per ton in 2020; afterwards, it flattened through to 2022.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($4,619 per ton), while the price for China ($361 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+8.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Castor Oil Seed Imports in Sudan
In 2022, approx. 79 tons of castor oil seed were imported into Sudan; surging by 31% compared with 2021. Overall, imports saw a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 1,218%. As a result, imports attained the peak of 99 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, castor oil seed imports soared to $159K in 2022. Over the period under review, imports continue to indicate significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 1,481%. As a result, imports attained the peak of $199K. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Castor Oil Seed in Sudan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 4.1 | 90.6 | 54.0 | 91.0 | 181.0% |
| India | 5.4 | 80.5 | 41.8 | 53.9 | 115.3% |
| Egypt | 0.5 | 8.3 | 4.6 | 7.2 | 143.3% |
| Malaysia | 1.4 | 16.9 | 7.3 | 6.5 | 66.8% |
| China | 0.1 | 0.9 | 0.4 | 0.6 | 81.7% |
| Others | 1.1 | 1.5 | 11.5 | N/A | 223.3% |
| Total | 12.6 | 199 | 120 | 159 | 132.8% |
Top Suppliers of Castor Oil Seed to Sudan in 2022:
- India (41.9 tons)
- United Kingdom (19.7 tons)
- Egypt (13.2 tons)
- Malaysia (2.6 tons)
- China (1.6 tons)
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