Castor Oil Seed Price in Iran - 2022
Contents:
- Castor Oil Seed Price in Iran (CIF) - 2022
- Castor Oil Seed Price in Iran (FOB) - 2022
- Castor Oil Seed Imports in Iran
- Castor Oil Seed Exports in Iran
Castor Oil Seed Price in Iran (CIF) - 2022
The average castor oil seed import price stood at $1,750 per ton in 2022, rising by 4% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 23%. The import price peaked at $2,142 per ton in 2019; however, from 2020 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 Switzerland ($5,187 per ton), while the price for the United Arab Emirates ($1,221 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+4.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Castor Oil Seed Price in Iran (FOB) - 2022
In 2022, the average castor oil seed export price amounted to $1,413 per ton, declining by -5.8% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 245% against the previous year. As a result, the export price reached the peak level of $5,739 per ton. From 2017 to 2022, the average export prices remained at a lower figure.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Azerbaijan ($1,553 per ton), while the average price for exports to Armenia stood at $1,066 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (+93.6%), while the prices for the other major destinations experienced mixed trend patterns.
Castor Oil Seed Imports in Iran
In 2022, the amount of castor oil seed imported into Iran soared to 1.8K tons, growing by 68% against the previous year. In general, imports, however, recorded a pronounced decline.
In value terms, castor oil seed imports surged to $3.2M in 2022. Over the period under review, imports, however, continue to indicate a abrupt curtailment.
| Import of Castor Oil Seed in Iran (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 3.1 | 2.9 | 1.2 | 3.0 | -1.1% |
| Turkey | 0.4 | 0.1 | N/A | 0.1 | -37.0% |
| Ireland | N/A | 0.2 | N/A | N/A | 0% |
| United Arab Emirates | 0.8 | 1.3 | 0.6 | N/A | -13.4% |
| Others | 0.1 | 0.1 | N/A | 0.1 | 0.0% |
| Total | 4.3 | 4.6 | 1.8 | 3.2 | -9.4% |
Top Suppliers of Castor Oil Seed to Iran in 2022:
- India (1785.4 tons)
- Turkey (25.1 tons)
- United Arab Emirates (0.9 tons)
Castor Oil Seed Exports in Iran
In 2022, the amount of castor oil seed exported from Iran fell dramatically to 2.8 tons, reducing by -44.6% compared with 2021 figures. Over the period under review, exports recorded a dramatic decrease. The pace of growth was the most pronounced in 2021 when exports increased by 1,974%.
In value terms, castor oil seed exports fell sharply to $3.9K in 2022. In general, exports faced a precipitous curtailment. The pace of growth appeared the most rapid in 2021 when exports increased by 2,166% against the previous year.
| Export of Castor Oil Seed in Iran (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Azerbaijan | 2.8 | 0.2 | 5.6 | 3.1 | 3.5% |
| Armenia | 2.3 | 0.1 | 1.8 | 0.9 | -26.9% |
| Iraq | 11.9 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | 0.1 | N/A | 0% |
| Total | 17.0 | 0.3 | 7.5 | 3.9 | -38.8% |
Top Export Markets for Castor Oil Seed from Iran in 2022:
- Azerbaijan (1971.0 kg)
- Armenia (798.0 kg)
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