Castor Oil Seed Price in Bulgaria - 2023
Contents:
- Castor Oil Seed Price in Bulgaria (CIF) - 2022
- Castor Oil Seed Price in Bulgaria (FOB) - 2022
- Castor Oil Seed Imports in Bulgaria
- Castor Oil Seed Exports in Bulgaria
Castor Oil Seed Price in Bulgaria (CIF) - 2022
In 2022, the average castor oil seed import price amounted to $2,330 per ton, jumping by 20% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 28% against the previous year. Over the period under review, average import prices hit record highs at $2,484 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
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 India ($4,814 per ton), while the price for Belgium ($1,589 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+14.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Castor Oil Seed Price in Bulgaria (FOB) - 2022
In 2022, the average castor oil seed export price amounted to $11,117 per ton, approximately equating the previous year. In general, the export price posted a buoyant expansion. The most prominent rate of growth was recorded in 2019 an increase of 33% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see gradual growth in years to come.
As there is only one major export destination, the average price level is determined by prices for Spain.
From 2013 to 2022, the rate of growth in terms of prices for Serbia amounted to +14.8% per year.
Castor Oil Seed Imports in Bulgaria
For the fourth year in a row, Bulgaria recorded growth in supplies from abroad of castor oil seed, which increased by 15% to 341 tons in 2022. In general, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +20.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +76.8% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 43% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, castor oil seed imports soared to $795K in 2022. Overall, imports posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 64% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.
| Import of Castor Oil Seed in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 139 | 149 | 156 | 430 | 45.7% |
| Germany | 33.7 | 90.0 | 91.3 | 136 | 59.2% |
| Italy | 59.9 | 40.1 | 97.8 | 116 | 24.6% |
| Belgium | 35.6 | 34.5 | 39.4 | 35.1 | -0.5% |
| Netherlands | 14.3 | 24.7 | 45.5 | 31.9 | 30.7% |
| Spain | 2.5 | 2.4 | 8.2 | 21.1 | 103.6% |
| India | 86.1 | 2.2 | 1.2 | 0.9 | -78.1% |
| Romania | 16.6 | N/A | 108 | N/A | 155.1% |
| Others | 10.4 | 6.1 | 26.6 | 23.6 | 31.4% |
| Total | 398 | 349 | 574 | 795 | 25.9% |
Top Suppliers of Castor Oil Seed to Bulgaria in 2022:
- France (192.4 tons)
- Germany (52.9 tons)
- Italy (50.0 tons)
- Belgium (22.1 tons)
- Netherlands (10.4 tons)
- Spain (6.7 tons)
- India (0.2 tons)
Castor Oil Seed Exports in Bulgaria
In 2022, shipments abroad of castor oil seed decreased by 0% to 437 kg, falling for the second year in a row after two years of growth. Overall, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 295%. As a result, the exports attained the peak of 3 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, castor oil seed exports amounted to $4.9K in 2022. In general, exports saw buoyant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 321%. As a result, the exports reached the peak of $13K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Castor Oil Seed in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | N/A | N/A | N/A | 4.9 | 0% |
| North Macedonia | 3.0 | N/A | N/A | N/A | 0% |
| Georgia | N/A | 12.7 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 3.0 | 12.7 | N/A | 4.9 | 17.8% |
Top Export Markets for Castor Oil Seed from Bulgaria in 2022:
- Spain (437.0 kg)
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