Castor Oil Seed Price in Ethiopia - 2022
Contents:
- Castor Oil Seed Price in Ethiopia (CIF) - 2022
- Castor Oil Seed Price in Ethiopia (FOB) - 2022
- Castor Oil Seed Imports in Ethiopia
- Castor Oil Seed Exports in Ethiopia
Castor Oil Seed Price in Ethiopia (CIF) - 2022
The average castor oil seed import price stood at $3,581 per ton in 2022, rising by 82% against the previous year. In general, the import price saw a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $3,819 per ton in 2013; however, from 2014 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 ($3,734 per ton), while the price for India amounted to $1,951 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (-2.6%), while the prices for the other major suppliers experienced a decline.
Castor Oil Seed Price in Ethiopia (FOB) - 2022
In 2022, the average castor oil seed export price amounted to $28,087 per ton, growing by 4,581% against the previous year. Over the period under review, the export price showed a significant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2021 to 2022, the rate of growth in terms of prices for the United States amounted to 0.0% per year.
Castor Oil Seed Imports in Ethiopia
In 2022, the amount of castor oil seed imported into Ethiopia surged to 23 tons, jumping by 1,220% on the year before. Overall, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, castor oil seed imports surged to $84K in 2022. Over the period under review, imports saw significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Castor Oil Seed in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.5 | 1.6 | 2.2 | 80.1 | 131.0% |
| India | 1.4 | 0.2 | 0.2 | 3.9 | 40.7% |
| Jordan | 4.7 | 0.7 | 0.6 | N/A | -64.3% |
| Others | 1.8 | 0.4 | 0.5 | N/A | -47.3% |
| Total | 14.4 | 2.9 | 3.5 | 84.1 | 80.1% |
Top Suppliers of Castor Oil Seed to Ethiopia in 2022:
- China (21.5 tons)
- India (2.0 tons)
Castor Oil Seed Exports in Ethiopia
In 2022, exports of castor oil seed from Ethiopia surged to 46 kg, growing by 31% on 2021 figures. The total export volume increased at an average annual rate of +31.4% from 2021 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, castor oil seed exports soared to $1.3K in 2022. In general, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Castor Oil Seed in Ethiopia (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| United States | N/A | 1,292 | 0% | ||
| Slovakia | 21.0 | N/A | 0% | ||
| Others | N/A | N/A | 0% | ||
| Total | 21.0 | 1,292 | 6052.4% | ||
Top Export Markets for Castor Oil Seed from Ethiopia in 2022:
- United States (46.0 kg)
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