Castor Oil Seed Price in the Dominican Republic - 2023
Contents:
- Castor Oil Seed Price in the Dominican Republic (CIF) - 2022
- Castor Oil Seed Price in the Dominican Republic (FOB) - 2022
- Castor Oil Seed Imports in the Dominican Republic
- Castor Oil Seed Exports in the Dominican Republic
Castor Oil Seed Price in the Dominican Republic (CIF) - 2022
The average castor oil seed import price stood at $2,620 per ton in 2022, growing by 11% against the previous year. Overall, the import price recorded tangible growth. The most prominent rate of growth was recorded in 2019 when the average import price increased by 61%. As a result, import price reached the peak level of $4,349 per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($4,197 per ton), while the price for India amounted to $2,007 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+38.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Castor Oil Seed Price in the Dominican Republic (FOB) - 2022
In 2022, the average castor oil seed export price amounted to $14,200 per ton, approximately equating the previous year. Overall, the export price, however, saw a abrupt decrease. The pace of growth was the most pronounced in 2021 an increase of 444%. The export price peaked at $41,212 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Haiti ($27,000 per ton), while the average price for exports to the United States totaled $12,778 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Haiti (+8.0%), while the prices for the other major destinations experienced mixed trend patterns.
Castor Oil Seed Imports in the Dominican Republic
Castor oil seed imports into the Dominican Republic fell remarkably to 25 tons in 2022, which is down by -32.4% compared with the previous year. In general, imports showed a abrupt downturn. The pace of growth was the most pronounced in 2021 with an increase of 50% against the previous year.
In value terms, castor oil seed imports shrank remarkably to $66K in 2022. Over the period under review, imports faced a precipitous setback. The most prominent rate of growth was recorded in 2021 when imports increased by 48%.
| Import of Castor Oil Seed in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 60.2 | 58.2 | 86.8 | 36.1 | -15.7% |
| Belgium | 82.7 | N/A | N/A | 29.4 | -29.2% |
| Colombia | 10.6 | N/A | N/A | N/A | 0% |
| United States | 6.8 | 0.5 | N/A | N/A | -92.6% |
| Others | 7.9 | 0.5 | 0.6 | N/A | -72.4% |
| Total | 168 | 59.2 | 87.4 | 65.5 | -26.9% |
Top Suppliers of Castor Oil Seed to the Dominican Republic in 2022:
- India (18.0 tons)
- Belgium (7.0 tons)
Castor Oil Seed Exports in the Dominican Republic
In 2022, shipments abroad of castor oil seed decreased by -16.7% to 10 kg, falling for the second year in a row after two years of growth. In general, exports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 7,900%. As a result, the exports attained the peak of 400 kg. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, castor oil seed exports shrank dramatically to $142 in 2022. Overall, exports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of 842% against the previous year. As a result, the exports attained the peak of $1K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Castor Oil Seed in the Dominican Republic (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 101 | N/A | 121 | 115 | 4.4% |
| Haiti | 9.0 | N/A | 33.0 | 27.0 | 44.2% |
| Guatemala | N/A | 1,036 | N/A | N/A | 0% |
| Others | N/A | N/A | 15.0 | N/A | 0% |
| Total | 110 | 1,036 | 169 | 142 | 8.9% |
Top Export Markets for Castor Oil Seed from the Dominican Republic in 2022:
- United States (9.0 kg)
- Haiti (1.0 kg)
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