Castor Oil Seed Price in Latvia - 2023
Contents:
Castor Oil Seed Price in Latvia (CIF) - 2022
The average castor oil seed import price stood at $3,007 per ton in 2022, increasing by 24% against the previous year. In general, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, castor oil seed import price increased by +21.3% against 2019 indices. The pace of growth appeared the most rapid in 2019 an increase of 49%. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the immediate term.
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 Poland ($4,118 per ton), while the price for India ($2,707 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Castor Oil Seed Imports in Latvia
In 2022, supplies from abroad of castor oil seed decreased by -34.9% to 46 tons, falling for the second year in a row after two years of growth. Over the period under review, imports continue to indicate a abrupt decline. The growth pace was the most rapid in 2020 when imports increased by 4% against the previous year. As a result, imports attained the peak of 84 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, castor oil seed imports dropped dramatically to $137K in 2022. In general, imports faced a deep contraction. The smallest decline of -4.1% was in 2021.
| Import of Castor Oil Seed in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 155 | 174 | 164 | 129 | -5.9% |
| Poland | N/A | N/A | 3.9 | 7.3 | 87.2% |
| India | 43.1 | 0.4 | 1.8 | 0.6 | -75.9% |
| Others | 1.4 | 2.7 | 0.3 | N/A | -53.7% |
| Total | 199 | 177 | 170 | 137 | -11.7% |
Top Suppliers of Castor Oil Seed to Latvia in 2022:
- Germany (43.7 tons)
- Poland (1.8 tons)
- India (0.2 tons)
109
This report provides an in-depth analysis of the linseed oil market in Latvia.
76
This report provides an in-depth analysis of the maize oil market in Latvia.
74
This report provides an in-depth analysis of the sesame oil market in Latvia.
216
This report provides an in-depth analysis of the crude maize oil market in Latvia.
23
This report provides an in-depth analysis of the refined maize oil market in Latvia.
2141
Global Castor Oil Seed Market Report 2019. This report provides an in-depth analysis of the global castor oil seed market.
3987
This report provides an in-depth analysis of the global linseed oil market.
1330
This report provides an in-depth analysis of the global maize oil market.
1954
This report provides an in-depth analysis of the global sesame oil market.
1024
This report provides an in-depth analysis of the global crude maize oil market.
3845
Global castor oil seed consumption amounted to X thousand tons in 2015, surging by +X% against the previous year level.
9850
In 2015, the country with the largest volume of the castor oil seed output was India (X thousand tons), accounting for X% of global production.
1610
Despite a rocky 2014, Paraguay continued its dominance in the global castor oil seed trade. In 2014, Paraguay exported X tons of castor oil seed totaling X thousand USD, X% under the previous year. Its only trading partner was Brazil, where
2202
Global linseed oil consumption amounted to X thousand tons in 2015, shrinking by -X% against the previous year level.
3367
In 2015, the countries with the highest levels of linseed oil production were China (X thousand tons), Belgium (X thousand tons), the United States (X thousand tons), together accounting for X% of total output.
1811
Belgium continued its dominance in the global linseed oil trade. In 2014, Belgium exported X thousand tons of linseed oil totaling X million USD, X% under the previous year. Its primary trading partner was Germany, where it supplied X% of its to
1504
Global maize oil consumption amounted to X thousand tons in 2015, falling by -X% against the previous year level.
1427
In 2015, the country with the largest volume of the maize oil output was the United States (X thousand tons), accounting for X% of global production.
1713
The maize oil market reached X million USD, rising with an annual increase of X%.
1398
The U.S. dominates in the global maize oil trade. In 2014, the U.S. exported X thousand tons of maize oil totaling X million USD, X% under the previous year. Its primary trading partner was Saudi Arabia, where it supplied X% of its total maize
