Price for Oil Seeds; Castor Oil Seeds, Whether or Not Broken in the United States - 2023

Contents:

1. Price for Oil Seeds; Castor Oil Seeds, Whether or Not Broken in the United States (FOB) - 2022
2. Price for Oil Seeds; Castor Oil Seeds, Whether or Not Broken in the United States (CIF) - 2022
3. Exports of Oil Seeds; Castor Oil Seeds, Whether or Not Broken in the United States
4. Imports of Oil Seeds; Castor Oil Seeds, Whether or Not Broken in the United States

Price for Oil Seeds; Castor Oil Seeds, Whether or Not Broken in the United States (FOB) - 2022

The average export price for oil seeds; castor oil seeds, whether or not brokens stood at $858 per ton in 2022, approximately reflecting the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 101% against the previous year. As a result, the export price attained the peak level of $2,015 per ton. From 2018 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Jordan ($858 per ton), while the average price for exports to the UK amounted to $858 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+29.4%), 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 the United States (CIF) - 2022

In 2021, the average import price for oil seeds; castor oil seeds, whether or not brokens amounted to $809 per ton, surging by 2% against the previous year. Over the period under review, the import price, however, saw a pronounced setback. The most prominent rate of growth was recorded in 2013 when the average import price increased by 519% against the previous year. The import price peaked at $13,000 per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for India.

From 2012 to 2021, the rate of growth in terms of prices for Israel amounted to +4.9% per year.

Exports of Oil Seeds; Castor Oil Seeds, Whether or Not Broken in the United States

In 2022, the amount of oil seeds; castor oil seeds, whether or not brokens exported from the United States totaled 13 tons, leveling off at the year before. Over the period under review, exports saw a precipitous shrinkage. The smallest decline of -98.6% was in 2020.

In value terms, exports of oil seeds; castor oil seeds, whether or not brokens stood at $11K in 2022. Overall, exports continue to indicate a sharp setback. The smallest decline of -98.2% was in 2020.

Top Export Markets for Oil Seeds; Castor Oil Seeds, Whether or Not Broken from the United States in 2022:

1. Jordan (9.3 tons)
2. United Kingdom (3.5 tons)

Imports of Oil Seeds; Castor Oil Seeds, Whether or Not Broken in the United States

For the third year in a row, the United States recorded growth in purchases abroad of oil seeds; castor oil seeds, whether or not brokens, which increased by 16% to 48 tons in 2021. Over the period under review, imports recorded a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 109% against the previous year. Over the period under review, imports of hit record highs in 2021 and are likely to see steady growth in years to come.

In value terms, imports of oil seeds; castor oil seeds, whether or not brokens surged to $39K in 2021. In general, imports recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 93%. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

Top Suppliers of Oil Seeds; Castor Oil Seeds, Whether or Not Broken to the United States in 2022:

1. India (48.4 tons)

Source: IndexBox Market Intelligence Platform