Castor Oil Seed Price in Uganda - 2022
Contents:
- Castor Oil Seed Price in Uganda (FOB) - 2022
- Castor Oil Seed Price in Uganda (CIF) - 2022
- Castor Oil Seed Exports in Uganda
- Castor Oil Seed Imports in Uganda
Castor Oil Seed Price in Uganda (FOB) - 2022
The average castor oil seed export price stood at $1,985 per ton in 2022, therefore, remained relatively stable against the previous year. Overall, the export price, however, continues to indicate a noticeable shrinkage. The pace of growth was the most pronounced in 2014 when the average export price increased by 162% against the previous year. As a result, the export price attained the peak level of $11,461 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Democratic Republic of the Congo.
From 2012 to 2022, the rate of growth in terms of prices for Democratic Republic of the Congo amounted to -4.7% per year.
Castor Oil Seed Price in Uganda (CIF) - 2022
The average castor oil seed import price stood at $2,063 per ton in 2022, picking up by 35% against the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 56%. Over the period under review, average import prices attained the maximum at $3,623 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($6,595 per ton), while the price for the United Arab Emirates ($450 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Castor Oil Seed Exports in Uganda
In 2022, overseas shipments of castor oil seed decreased by -24.9% to 7.4 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 5,466%.
In value terms, castor oil seed exports dropped significantly to $15K in 2022. In general, exports, however, showed a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 3,609% against the previous year.
| Export of Castor Oil Seed in Uganda (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Democratic Republic of the Congo | 0.2 | 9.8 | 19.4 | 14.6 | 317.9% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 0.3 | 9.8 | 19.4 | 14.6 | 265.1% |
Top Export Markets for Castor Oil Seed from Uganda in 2022:
- Democratic Republic of the Congo (7.4 tons)
Castor Oil Seed Imports in Uganda
After three years of growth, overseas purchases of castor oil seed decreased by -28.8% to 3.2 tons in 2022. Over the period under review, imports, however, posted a prominent increase. The growth pace was the most rapid in 2021 when imports increased by 83% against the previous year. As a result, imports reached the peak of 4.5 tons, and then fell dramatically in the following year.
In value terms, castor oil seed imports dropped slightly to $6.6K in 2022. In general, imports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2021 with an increase of 8.4%.
| Import of Castor Oil Seed in Uganda (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 6.5 | 2.9 | 4.2 | 4.0 | -14.9% |
| China | 1.8 | 2.6 | 1.9 | 1.5 | -5.9% |
| Kenya | 0.3 | 0.3 | 0.6 | 0.9 | 44.2% |
| United Arab Emirates | 0.2 | 0.5 | N/A | 0.2 | 0.0% |
| Others | N/A | N/A | 0.1 | N/A | 0% |
| Total | 8.8 | 6.3 | 6.8 | 6.6 | -9.1% |
Top Suppliers of Castor Oil Seed to Uganda in 2022:
- India (1503.0 kg)
- Kenya (1114.0 kg)
- United Arab Emirates (338.0 kg)
- China (232.0 kg)
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