Castor Oil Seed Price in Bolivia - 2023
Contents:
Castor Oil Seed Price in Bolivia (CIF) - 2022
In 2022, the average castor oil seed import price amounted to $805 per ton, declining by -82.9% against the previous year. Overall, the import price recorded a deep downturn. The growth pace was the most rapid in 2016 when the average import price increased by 59%. As a result, import price attained the peak level of $7,268 per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for Argentina amounted to +1.8% per year.
Castor Oil Seed Imports in Bolivia
In 2022, the amount of castor oil seed imported into Bolivia skyrocketed to 4.6 tons, growing by 86% compared with 2021 figures. Overall, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, castor oil seed imports contracted notably to $3.7K in 2022. Over the period under review, imports, however, continue to indicate a precipitous curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 18%. As a result, imports reached the peak of $12K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Castor Oil Seed in Bolivia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.2 | 0.5 | 0.4 | 3.7 | 164.5% |
| Argentina | 7.9 | 9.4 | 10.1 | N/A | 13.1% |
| Peru | 0.2 | 0.1 | 0.2 | N/A | 0.0% |
| United States | 0.8 | 0.7 | 0.6 | N/A | -13.4% |
| Netherlands | 0.3 | 0.3 | 0.3 | N/A | 0.0% |
| Others | 0.6 | 0.7 | 0.2 | N/A | -42.3% |
| Total | 10.0 | 11.8 | 11.7 | 3.7 | -28.2% |
Top Suppliers of Castor Oil Seed to Bolivia in 2022:
- China (4.6 tons)
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