Castor Oil Seed Price in Sri Lanka - 2021
Contents:
- Castor Oil Seed Price in Sri Lanka (CIF) - 2022
- Castor Oil Seed Price in Sri Lanka (FOB) - 2022
- Castor Oil Seed Imports in Sri Lanka
- Castor Oil Seed Exports in Sri Lanka
Castor Oil Seed Price in Sri Lanka (CIF) - 2022
The average castor oil seed import price stood at $1,745 per ton in 2022, remaining relatively unchanged against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 15% against the previous year. The import price peaked at $1,887 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Pakistan ($1,851 per ton), while the price for India totaled $1,473 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+0.3%).
Castor Oil Seed Price in Sri Lanka (FOB) - 2022
The average castor oil seed export price stood at $10,881 per ton in 2022, surging by 32% against the previous year. In general, the export price showed a strong expansion. The most prominent rate of growth was recorded in 2018 an increase of 226% against the previous year. As a result, the export price attained the peak level of $12,342 per ton. From 2019 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Trinidad and Tobago ($25,000 per ton), while the average price for exports to the Czech Republic ($10,408 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 Trinidad and Tobago (+126.9%), while the prices for the other major destinations experienced more modest paces of growth.
Castor Oil Seed Imports in Sri Lanka
Castor oil seed imports into Sri Lanka dropped remarkably to 147 tons in 2022, falling by -46.5% compared with 2021. In general, imports continue to indicate a precipitous setback. The pace of growth appeared the most rapid in 2021 when imports increased by 20% against the previous year.
In value terms, castor oil seed imports contracted sharply to $257K in 2022. Over the period under review, imports showed a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 35%. As a result, imports reached the peak of $487K, and then contracted rapidly in the following year.
| Import of Castor Oil Seed in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 304 | 233 | 297 | 175 | -16.8% |
| Pakistan | 133 | 97.1 | 135 | 46.7 | -29.5% |
| Others | 31.5 | 30.0 | 54.9 | 35.1 | 3.7% |
| Total | 468 | 360 | 487 | 257 | -18.1% |
Top Suppliers of Castor Oil Seed to Sri Lanka in 2022:
- India (119.0 tons)
- Pakistan (25.3 tons)
Castor Oil Seed Exports in Sri Lanka
In 2022, after three years of growth, there was significant decline in overseas shipments of castor oil seed, when their volume decreased by -74% to 194 kg. Overall, exports faced a precipitous decrease. The pace of growth appeared the most rapid in 2021 with an increase of 38%. As a result, the exports reached the peak of 746 kg, and then contracted sharply in the following year.
In value terms, castor oil seed exports reduced markedly to $2.1K in 2022. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 134%.
| Export of Castor Oil Seed in Sri Lanka (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | 101 | 764 | 1,124 | 1,915 | 166.7% |
| Trinidad and Tobago | N/A | 34.0 | 64.0 | 150 | 110.0% |
| Germany | 18.0 | 96.0 | 191 | 46.0 | 36.7% |
| Russia | 52.0 | 1,677 | N/A | N/A | 3125.0% |
| Maldives | 10.0 | 50.0 | 60.0 | N/A | 144.9% |
| Netherlands | 23.0 | 96.0 | 182 | N/A | 181.3% |
| Pakistan | 1,460 | N/A | N/A | N/A | 0% |
| Canada | 63.0 | 97.0 | 652 | N/A | 221.7% |
| Others | 423 | 2,222 | 3,870 | N/A | 202.5% |
| Total | 2,150 | 5,036 | 6,143 | 2,111 | -0.6% |
Top Export Markets for Castor Oil Seed from Sri Lanka in 2022:
- Czech Republic (184.0 kg)
- Trinidad and Tobago (6.0 kg)
- Germany (4.0 kg)
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