Price for Oil Seeds; Castor Oil Seeds, Whether or Not Broken in Hong Kong SAR - 2022

Contents:

  1. Price for Oil Seeds; Castor Oil Seeds, Whether or Not Broken in Hong Kong SAR (CIF) - 2022
  2. Imports of Oil Seeds; Castor Oil Seeds, Whether or Not Broken in Hong Kong SAR

Price for Oil Seeds; Castor Oil Seeds, Whether or Not Broken in Hong Kong SAR (CIF) - 2022

In 2022, the average import price for oil seeds; castor oil seeds, whether or not brokens amounted to $1,444 per ton, waning by -36.2% against the previous year. Over the period under review, the import price saw a abrupt descent. The pace of growth was the most pronounced in 2015 an increase of 3,866% against the previous year. As a result, import price attained the peak level of $111,000 per ton. From 2016 to 2022, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($1,560 per ton), while the price for China totaled $1,070 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+39.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Imports of Oil Seeds; Castor Oil Seeds, Whether or Not Broken in Hong Kong SAR

In 2022, overseas purchases of oil seeds; castor oil seeds, whether or not brokens increased by 13% to 241 kg for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, faced a dramatic decrease.

In value terms, imports of oil seeds; castor oil seeds, whether or not brokens shrank dramatically to $348 in 2022. Overall, imports, however, continue to indicate a precipitous decline.

Import of Oil Seeds; Castor Oil Seeds, Whether or Not Broken in Hong Kong SAR (USD)
COUNTRY2019202020212022CAGR,
2019-2022
India1,0691,722418287-35.5%
China65.039.064.061.0-2.1%
United Kingdom3,393N/AN/AN/A0%
Others3,397N/AN/AN/A0%
Total7,9241,761482348-64.7%

Top Suppliers of Oil Seeds; Castor Oil Seeds, Whether or Not Broken to Hong Kong SAR in 2022:

  1. India (184.0 kg)
  2. China (57.0 kg)

Source: IndexBox Market Intelligence Platform

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