Castor Oil Seed Price in Uruguay - 2022
Contents:
- Castor Oil Seed Price in Uruguay (CIF) - 2022
- Castor Oil Seed Price in Uruguay (FOB) - 2022
- Castor Oil Seed Imports in Uruguay
- Castor Oil Seed Exports in Uruguay
Castor Oil Seed Price in Uruguay (CIF) - 2022
In 2022, the average castor oil seed import price amounted to $2,653 per ton, shrinking by -23% against the previous year. Overall, the import price saw a perceptible reduction. The growth pace was the most rapid in 2021 when the average import price increased by 28% against the previous year. Over the period under review, average import prices hit record highs at $3,450 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
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 Argentina ($5,610 per ton), while the price for Brazil ($2,441 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Paraguay (+7.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Castor Oil Seed Price in Uruguay (FOB) - 2022
The average castor oil seed export price stood at $2,898 per ton in 2022, falling by -2.9% against the previous year. Overall, the export price recorded a noticeable reduction. The pace of growth appeared the most rapid in 2021 an increase of 6% against the previous year. Over the period under review, the average export prices attained the peak figure at $4,071 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Switzerland.
From 2012 to 2022, the rate of growth in terms of prices for the Netherlands amounted to 0.0% per year.
Castor Oil Seed Imports in Uruguay
In 2022, approx. 31 tons of castor oil seed were imported into Uruguay; jumping by 155% compared with 2021. Over the period under review, imports showed a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, castor oil seed imports soared to $83K in 2022. In general, imports recorded resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Castor Oil Seed in Uruguay (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2.9 | 2.0 | 3.1 | 53.7 | 164.6% |
| Brazil | 13.3 | 4.4 | 4.8 | 19.5 | 13.6% |
| Argentina | 0.3 | 0.2 | 0.4 | 7.4 | 191.1% |
| Paraguay | 20.9 | 9.4 | 8.9 | N/A | -34.7% |
| France | 1.7 | 0.6 | 0.5 | N/A | -45.8% |
| Others | 11.9 | 8.3 | 24.6 | 2.0 | -44.8% |
| Total | 50.9 | 25.0 | 42.2 | 82.6 | 17.5% |
Top Suppliers of Castor Oil Seed to Uruguay in 2022:
- United States (21.7 tons)
- Brazil (8.0 tons)
- Argentina (1.3 tons)
Castor Oil Seed Exports in Uruguay
In 2022, exports of castor oil seed from Uruguay totaled 22 tons, with an increase of 3.1% on the previous year's figure. In general, exports, however, recorded a slight contraction.
In value terms, castor oil seed exports totaled $65K in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern.
| Export of Castor Oil Seed in Uruguay (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Switzerland | N/A | N/A | 64.9 | 0% | |
| Brazil | 65.0 | N/A | N/A | 0% | |
| Canada | N/A | 64.9 | N/A | 0% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 65.0 | 64.9 | 64.9 | -0.1% | |
Top Export Markets for Castor Oil Seed from Uruguay in 2022:
- Switzerland (22.4 tons)
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