Price for Oil Seeds; Castor Oil Seeds, Whether or Not Broken in Nigeria - 2022
Contents:
- Price for Oil Seeds; Castor Oil Seeds, Whether or Not Broken in Nigeria (FOB) - 2022
- Price for Oil Seeds; Castor Oil Seeds, Whether or Not Broken in Nigeria (CIF) - 2022
- Exports of Oil Seeds; Castor Oil Seeds, Whether or Not Broken in Nigeria
- Imports of Oil Seeds; Castor Oil Seeds, Whether or Not Broken in Nigeria
Price for Oil Seeds; Castor Oil Seeds, Whether or Not Broken in Nigeria (FOB) - 2022
In 2022, the average export price for oil seeds; castor oil seeds, whether or not brokens amounted to $1,173 per ton, with a decrease of -9.9% against the previous year. Overall, the export price saw a abrupt decline. The pace of growth was the most pronounced in 2020 when the average export price increased by 35% against the previous year. Over the period under review, the average export prices hit record highs at $2,285 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($1,364 per ton), while the average price for exports to Egypt ($127 per ton) was amongst the lowest.
From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (-4.1%), while the prices for the other major destinations experienced a decline.
Price for Oil Seeds; Castor Oil Seeds, Whether or Not Broken in Nigeria (CIF) - 2022
In 2022, the average import price for oil seeds; castor oil seeds, whether or not brokens amounted to $10,979 per ton, dropping by -18.7% against the previous year. Overall, the import price faced a drastic downturn. The pace of growth appeared the most rapid in 2021 when the average import price increased by 54% against the previous year. The import price peaked at $37,955 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 China ($11,191 per ton), while the price for India amounted to $1,000 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-11.6%).
Exports of Oil Seeds; Castor Oil Seeds, Whether or Not Broken in Nigeria
In 2022, the amount of oil seeds; castor oil seeds, whether or not brokens exported from Nigeria skyrocketed to 622 tons, picking up by 231% on the year before. Overall, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 937% against the previous year. As a result, the exports attained the peak of 1.2K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of oil seeds; castor oil seeds, whether or not brokens skyrocketed to $730K in 2022. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 1,299% against the previous year. As a result, the exports reached the peak of $1.2M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Oil Seeds; Castor Oil Seeds, Whether or Not Broken in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | N/A | 68.5 | N/A | 375 | 134.0% |
| China | 64.0 | 543 | 164 | 228 | 52.7% |
| Turkey | N/A | N/A | 16.7 | 126 | 654.5% |
| Egypt | N/A | N/A | N/A | 1.9 | 0% |
| India | N/A | 587 | N/A | N/A | 0% |
| Poland | 24.2 | N/A | N/A | N/A | 0% |
| Italy | N/A | N/A | 63.6 | N/A | 0% |
| Canada | 0.7 | 44.0 | 0.5 | N/A | -15.5% |
| Others | 0.1 | 3.1 | N/A | N/A | 3000.0% |
| Total | 89.0 | 1,246 | 245 | 730 | 101.7% |
Top Export Markets for Oil Seeds; Castor Oil Seeds, Whether or Not Broken from Nigeria in 2022:
- Japan (320.3 tons)
- China (194.9 tons)
- Turkey (92.3 tons)
- Egypt (15.0 tons)
Imports of Oil Seeds; Castor Oil Seeds, Whether or Not Broken in Nigeria
In 2022, supplies from abroad of oil seeds; castor oil seeds, whether or not brokens decreased by -83.8% to 48 kg, falling for the second year in a row after two years of growth. Overall, imports recorded a sharp slump. The most prominent rate of growth was recorded in 2020 when imports increased by 248%. As a result, imports attained the peak of 1.5 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of oil seeds; castor oil seeds, whether or not brokens contracted notably to $527 in 2022. Over the period under review, imports saw a sharp contraction. The pace of growth was the most pronounced in 2020 with an increase of 397%. As a result, imports attained the peak of $13K. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Oil Seeds; Castor Oil Seeds, Whether or Not Broken in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.4 | 12.5 | 3.9 | 0.5 | -40.7% |
| Cameroon | N/A | N/A | N/A | N/A | 0% |
| India | 0.2 | 0.4 | N/A | N/A | 100.0% |
| Others | N/A | 0.1 | N/A | N/A | 0% |
| Total | 2.6 | 12.9 | 4.0 | 0.5 | -42.3% |
Top Suppliers of Oil Seeds; Castor Oil Seeds, Whether or Not Broken to Nigeria in 2022:
- China (47.0 kg)
- India (1.0 kg)
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