Castor Oil Seed Price in Belarus - 2022
Contents:
- Castor Oil Seed Price in Belarus (CIF) - 2022
- Castor Oil Seed Price in Belarus (FOB) - 2022
- Castor Oil Seed Imports in Belarus
- Castor Oil Seed Exports in Belarus
Castor Oil Seed Price in Belarus (CIF) - 2022
The average castor oil seed import price stood at $2,109 per ton in March 2022, waning by -20.8% against the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in November 2021 an increase of 86% against the previous month. As a result, import price attained the peak level of $4,385 per ton. From December 2021 to March 2022, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In March 2022, the country with the highest price was Russia ($2,341 per ton), while the price for India amounted to $2,073 per ton.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by Russia (+1.9%).
Castor Oil Seed Price in Belarus (FOB) - 2022
The average castor oil seed export price stood at $3,313 per ton in 2022, declining by -43.7% against the previous year. Over the period under review, the export price, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2018 when the average export price increased by 489% against the previous year. As a result, the export price attained the peak level of $16,711 per ton. From 2019 to 2022, the average export prices remained at a 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 Russia ($3,328 per ton), while the average price for exports to Lithuania stood at $1,579 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+3.0%).
Castor Oil Seed Imports in Belarus
After two years of decline, overseas purchases of castor oil seed increased by 198% to 1.2K tons in 2022. Overall, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, castor oil seed imports surged to $3M in 2022. Over the period under review, imports recorded significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Castor Oil Seed in Belarus (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Latvia | 339 | 352 | 377 | 1,032 | 44.9% |
| India | 515 | 407 | 316 | 758 | 13.8% |
| Russia | 63.5 | 33.6 | 49.5 | 115 | 21.9% |
| Poland | 0.5 | 1.5 | 15.2 | 39.6 | 329.4% |
| Others | 107 | 81.6 | 122 | 1,007 | 111.1% |
| Total | 1,025 | 875 | 880 | 2,951 | 42.3% |
Top Suppliers of Castor Oil Seed to Belarus in 2022:
- Latvia (455.7 tons)
- India (340.7 tons)
- Russia (53.7 tons)
- Poland (19.4 tons)
Castor Oil Seed Exports in Belarus
In 2022, castor oil seed exports from Belarus surged to 24 tons, increasing by 90% on 2021. Over the period under review, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, castor oil seed exports rose significantly to $81K in 2022. The total export value increased at an average annual rate of +2.9% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 16% against the previous year. As a result, the exports attained the peak of $86K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Castor Oil Seed in Belarus (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 73.5 | 85.8 | 75.0 | 80.5 | 3.1% |
| Lithuania | 0.5 | 0.4 | 0.4 | 0.3 | -15.7% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 74.1 | 86.2 | 75.4 | 80.8 | 2.9% |
Top Export Markets for Castor Oil Seed from Belarus in 2022:
- Russia (24.2 tons)
- Lithuania (0.2 tons)
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