U.S.: Castor Oil Seed Market 2022

Castor Oil Seed Exports

Exports from the U.S.

In 2021, approx. X tons of castor oil seed were exported from the United States; reducing by -X% against the year before. Overall, exports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, castor oil seed exports reduced to $X in 2021. Over the period under review, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Canada (X tons) was the main destination for castor oil seed exports from the United States, with a X% share of total exports. Moreover, castor oil seed exports to Canada exceeded the volume sent to the second major destination, Mexico (X tons), fourfold. The third position in this ranking was occupied by China (X tons), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Canada amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-X% per year) and China (-X% per year).

In value terms, Canada ($X) remains the key foreign market for castor oil seed exports from the United States, comprising X% of total exports. The second position in the ranking was occupied by Mexico ($X), with a X% share of total exports. It was followed by China, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Canada was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+X% per year) and China (+X% per year).

Export Prices by Country

In 2021, the average castor oil seed export price amounted to $X per ton, with an increase of X% against the previous year. Overall, export price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, castor oil seed export price increased by +X% against 2018 indices. The most prominent rate of growth was recorded in 2015 an increase of X%. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was China ($X per ton), while the average price for exports to Canada ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Castor Oil Seed Imports

Imports into the U.S.

In 2021, supplies from abroad of castor oil seed was finally on the rise to reach X tons after two years of decline. Overall, total imports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, castor oil seed imports soared to $X in 2021. In general, total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, India (X tons) was the main castor oil seed supplier to the United States, accounting for a approx. X% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from India stood at +X%.

In value terms, India ($X) constituted the largest supplier of castor oil seed to the United States.

From 2012 to 2021, the average annual rate of growth in terms of value from India totaled +X%.

Import Prices by Country

In 2021, the average castor oil seed import price amounted to $X per ton, with an increase of X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $X per ton in 2019; however, from 2020 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 India amounted to -X% per year.

Source: IndexBox Platform

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