Brazil - Castor Oil Seed - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Apr 1, 2024

Brazil - Castor Oil Seed - Market Analysis, Forecast, Size, Trends and Insights

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Castor Oil Seed Price in Brazil - 2023

Contents:

  1. Castor Oil Seed Price in Brazil (FOB) - 2022
  2. Castor Oil Seed Price in Brazil (CIF) - 2022
  3. Castor Oil Seed Exports in Brazil
  4. Castor Oil Seed Imports in Brazil

Castor Oil Seed Price in Brazil (FOB) - 2022

In 2022, the average castor oil seed export price amounted to $2,040 per ton, increasing by 12% against the previous year. Overall, the export price, however, continues to indicate a perceptible slump. The pace of growth was the most pronounced in 2017 an increase of 45% against the previous year. The export price peaked at $3,498 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Argentina ($3,652 per ton), while the average price for exports to France ($1,814 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Peru (+9.0%), while the prices for the other major destinations experienced mixed trend patterns.

Castor Oil Seed Price in Brazil (CIF) - 2022

In 2022, the average castor oil seed import price amounted to $4,565 per ton, picking up by 59% against the previous year. Overall, the import price recorded a resilient increase. The pace of growth appeared the most rapid in 2021 an increase of 109%. The import price peaked in 2022 and is likely to continue growth in years to come.

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 the United States ($23,071 per ton), while the price for India ($2,607 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+14.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Castor Oil Seed Exports in Brazil

In 2022, exports of castor oil seed from Brazil surged to 5K tons, growing by 134% on the previous year. In general, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 149%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, castor oil seed exports soared to $10M in 2022. Over the period under review, exports enjoyed 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 Brazil (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
FranceN/A1471,0856,675573.9%
Mexico27.432157.41,021234.0%
Peru3.1N/A437421414.0%
Argentina3.835.6168389367.8%
Colombia81.849.614332257.9%
United States6646931,329254-27.4%
Others1783776161,02379.1%
Total9581,6233,83510,105119.3%

Top Export Markets for Castor Oil Seed from Brazil in 2022:

  1. France (3680.5 tons)
  2. Mexico (434.0 tons)
  3. Peru (145.3 tons)
  4. Colombia (134.6 tons)
  5. Argentina (106.5 tons)
  6. United States (104.5 tons)

Castor Oil Seed Imports in Brazil

In 2022, supplies from abroad of castor oil seed decreased by -26.7% to 103 tons, falling for the second year in a row after two years of growth. Overall, imports saw a dramatic slump. The most prominent rate of growth was recorded in 2020 when imports increased by 35%. As a result, imports reached the peak of 3.6K tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, castor oil seed imports surged to $469K in 2022. In general, imports faced a dramatic contraction. The most prominent rate of growth was recorded in 2020 with an increase of 23% against the previous year. As a result, imports attained the peak of $4.9M. From 2021 to 2022, the growth of imports failed to regain momentum.

Import of Castor Oil Seed in Brazil (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
India3,8844,785261216-61.8%
United States68.566.912516433.8%
Germany8.429.04.176.4108.7%
Others25.97.513.712.1-22.4%
Total3,9874,889403469-51.0%

Top Suppliers of Castor Oil Seed to Brazil in 2022:

  1. India (83.0 tons)
  2. Germany (11.5 tons)
  3. United States (7.1 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the castor oil seed market in Brazil. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • FCL 266 -
  • JSIC 0981 -
  • JSIC 0982 -
  • JSIC 1063 -

Country coverage:

  • Brazil

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Brazil
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION, HARVESTED AREA AND YIELD
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Yield And Growth
    16. Exports And Growth
    17. Export Prices And Growth
    18. Market Size And Growth
    19. Per Capita Consumption
    20. Imports And Growth
    21. Import Prices
    22. Production, In Physical Terms, 2012–2023
    23. Production, In Value Terms, 2012–2023
    24. Area Harvested, 2012–2023
    25. Yield, 2012–2023
    26. Imports, In Physical Terms, 2012–2023
    27. Imports, In Value Terms, 2012–2023
    28. Imports, In Physical Terms, By Country, 2023
    29. Imports, In Physical Terms, By Country, 2012–2023
    30. Imports, In Value Terms, By Country, 2012–2023
    31. Import Prices, By Country Of Origin, 2012–2023
    32. Exports, In Physical Terms, 2012–2023
    33. Exports, In Value Terms, 2012–2023
    34. Exports, In Physical Terms, By Country, 2023
    35. Exports, In Physical Terms, By Country, 2012–2023
    36. Exports, In Value Terms, By Country, 2012–2023
    37. Export Prices, By Country Of Destination, 2012–2023
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