United Kingdom - Castor Oil Seed - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCastor Oil Seed Price in the UK - 2023
Contents:
- Castor Oil Seed Price in the UK (CIF) - 2023
- Castor Oil Seed Price in the UK (FOB) - 2022
- Castor Oil Seed Imports in the UK
- Castor Oil Seed Exports in the UK
Castor Oil Seed Price in the UK (CIF) - 2023
In May 2023, the average castor oil seed import price amounted to $2,532 per ton, surging by 17% against the previous month. Over the period from May 2022 to May 2023, it increased at an average monthly rate of +2.0%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In May 2023, the country with the highest price was India ($2,519 per ton), while the price for the Netherlands totaled $2,330 per ton.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by India (+2.1%).
Castor Oil Seed Price in the UK (FOB) - 2022
The average castor oil seed export price stood at $5,722 per ton in 2022, reducing by -27.8% against the previous year. Overall, the export price, however, enjoyed noticeable growth. The most prominent rate of growth was recorded in 2019 an increase of 48% against the previous year. Over the period under review, the average export prices reached the maximum at $7,922 per ton in 2021, and then dropped markedly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($8,828 per ton), while the average price for exports to Pakistan ($1,516 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 Pakistan (+9.7%), while the prices for the other major destinations experienced more modest paces of growth.
Castor Oil Seed Imports in the UK
In 2022, approx. 7.6K tons of castor oil seed were imported into the UK; declining by -21.1% against the previous year. In general, imports saw a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 18%.
In value terms, castor oil seed imports reached $17M in 2022. Over the period under review, imports continue to indicate a noticeable setback. The pace of growth was the most pronounced in 2021 with an increase of 8.1% against the previous year.
| Import of Castor Oil Seed in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 17.2 | 12.5 | 14.3 | 14.4 | -5.8% |
| Netherlands | 0.4 | 0.2 | 0.5 | 1.8 | 65.1% |
| Germany | 0.3 | 0.7 | 0.3 | 0.1 | -30.7% |
| Others | 0.9 | 2.0 | 1.5 | 0.4 | -23.7% |
| Total | 18.8 | 15.4 | 16.7 | 16.7 | -3.9% |
Top Suppliers of Castor Oil Seed to the UK in 2022:
- Germany (undefinedK tons)
- India (6.6K tons)
- Netherlands (0.8K tons)
Castor Oil Seed Exports in the UK
In 2022, overseas shipments of castor oil seed decreased by -28.5% to 270 tons, falling for the second year in a row after two years of growth. Overall, exports showed a abrupt slump. The growth pace was the most rapid in 2020 when exports increased by 4.5%. As a result, the exports attained the peak of 414 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, castor oil seed exports plummeted to $1.5M in 2022. Over the period under review, exports faced a deep reduction. The pace of growth appeared the most rapid in 2020 with an increase of 32%. As a result, the exports reached the peak of $3.1M. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Castor Oil Seed in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 147 | 157 | 957 | 472 | 47.5% |
| Italy | 406 | 565 | 359 | 176 | -24.3% |
| France | 49.3 | 62.1 | 297 | 142 | 42.3% |
| Greece | 0.3 | 30.1 | 1.7 | 99.7 | 592.7% |
| Mexico | 13.5 | 4.3 | 15.0 | 84.8 | 84.5% |
| Poland | 74.3 | 135 | 17.1 | 67.2 | -3.3% |
| Ireland | 205 | 255 | 66.9 | 50.0 | -37.5% |
| Malaysia | 226 | 174 | 95.1 | 43.2 | -42.4% |
| Ghana | 19.5 | 29.4 | 35.9 | 35.7 | 22.3% |
| Bahrain | N/A | N/A | N/A | 33.4 | 0% |
| Canada | 1.4 | 12.1 | 34.4 | 26.3 | 165.8% |
| Saudi Arabia | 20.0 | 34.7 | 14.1 | 23.0 | 4.8% |
| Pakistan | N/A | N/A | 9.7 | 10.3 | 6.2% |
| Others | 1,158 | 1,612 | 1,087 | 281 | -37.6% |
| Total | 2,321 | 3,071 | 2,990 | 1,544 | -12.7% |
Top Export Markets for Castor Oil Seed from the UK in 2022:
- Germany (62.5 tons)
- Italy (32.2 tons)
- Poland (21.2 tons)
- France (20.0 tons)
- Malaysia (16.3 tons)
- Bahrain (16.0 tons)
- Saudi Arabia (13.2 tons)
- Greece (11.5 tons)
- Ghana (11.3 tons)
- Mexico (9.6 tons)
- Pakistan (6.8 tons)
- Ireland (6.6 tons)
- Canada (5.6 tons)
This report provides an in-depth analysis of the castor oil seed market in the UK. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 266 -
- JSIC 0981 -
- JSIC 0982 -
- JSIC 1063 -
Country coverage:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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