Price for Oil Seeds; Castor Oil Seeds, Whether or Not Broken in Ethiopia - 2022
Contents:
- Price for Oil Seeds; Castor Oil Seeds, Whether or Not Broken in Ethiopia (FOB) - 2022
- Price for Oil Seeds; Castor Oil Seeds, Whether or Not Broken in Ethiopia (CIF) - 2022
- Exports of Oil Seeds; Castor Oil Seeds, Whether or Not Broken in Ethiopia
- Imports of Oil Seeds; Castor Oil Seeds, Whether or Not Broken in Ethiopia
Price for Oil Seeds; Castor Oil Seeds, Whether or Not Broken in Ethiopia (FOB) - 2022
The average export price for oil seeds; castor oil seeds, whether or not brokens stood at $970 per ton in 2022, picking up by 15% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.1%. The most prominent rate of growth was recorded in 2021 when the average export price increased by 28%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Kenya ($1,238 per ton), while the average price for exports to China ($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 Singapore (+19.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Oil Seeds; Castor Oil Seeds, Whether or Not Broken in Ethiopia (CIF) - 2022
The average import price for oil seeds; castor oil seeds, whether or not brokens stood at $10,237 per ton in 2022, rising by 78% against the previous year. In general, the import price continues to indicate perceptible growth. Over the period under review, average import prices reached the maximum at $15,631 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +3.3% per year.
Exports of Oil Seeds; Castor Oil Seeds, Whether or Not Broken in Ethiopia
After three years of growth, shipments abroad of oil seeds; castor oil seeds, whether or not brokens decreased by -2.2% to 5K tons in 2022. In general, exports, however, posted a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 208%.
In value terms, exports of oil seeds; castor oil seeds, whether or not brokens expanded rapidly to $4.9M in 2022. Over the period under review, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 150% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.
| Export of Oil Seeds; Castor Oil Seeds, Whether or Not Broken in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 246 | 2,017 | 3,461 | 2,852 | 126.3% |
| United Arab Emirates | 265 | 81.3 | 723 | 1,506 | 78.5% |
| Kenya | N/A | N/A | N/A | 317 | 0% |
| Singapore | N/A | 168 | N/A | 90.4 | -26.6% |
| Saudi Arabia | N/A | N/A | N/A | 61.4 | 0% |
| China | 710 | 789 | 112 | 33.0 | -64.0% |
| Others | 2.6 | 0.1 | 32.2 | 0.4 | -46.4% |
| Total | 1,224 | 3,055 | 4,329 | 4,860 | 58.4% |
Top Export Markets for Oil Seeds; Castor Oil Seeds, Whether or Not Broken from Ethiopia in 2022:
- Vietnam (2752.0 tons)
- United Arab Emirates (1760.0 tons)
- Kenya (256.0 tons)
- Singapore (96.0 tons)
- Saudi Arabia (80.0 tons)
- China (64.0 tons)
Imports of Oil Seeds; Castor Oil Seeds, Whether or Not Broken in Ethiopia
In 2022, supplies from abroad of oil seeds; castor oil seeds, whether or not brokens increased by 109% to 914 kg for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, continue to indicate a abrupt contraction.
In value terms, imports of oil seeds; castor oil seeds, whether or not brokens surged to $9.4K in 2022. Over the period under review, imports, however, recorded a deep slump.
| Import of Oil Seeds; Castor Oil Seeds, Whether or Not Broken in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 16.7 | 8.9 | 2.2 | 9.4 | -17.4% |
| Saudi Arabia | N/A | N/A | 0.3 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 16.7 | 8.9 | 2.5 | 9.4 | -17.4% |
Top Suppliers of Oil Seeds; Castor Oil Seeds, Whether or Not Broken to Ethiopia in 2022:
- China (914.0 kg)
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