Castor Oil Seed Price in Iraq - 2022
Contents:
Castor Oil Seed Price in Iraq (CIF) - 2022
The average castor oil seed import price stood at $2,081 per ton in 2022, waning by -32.1% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 73% against the previous year. As a result, import price reached the peak level of $3,064 per ton, and then fell dramatically in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($9,052 per ton), while the price for India ($1,624 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (+3.2%), while the prices for the other major suppliers experienced a decline.
Castor Oil Seed Imports in Iraq
Castor oil seed imports into Iraq skyrocketed to 177 tons in 2022, growing by 109% against the previous year. Overall, imports posted a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of 140% against the previous year. As a result, imports attained the peak of 270 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, castor oil seed imports skyrocketed to $369K in 2022. Over the period under review, imports posted a strong expansion. The pace of growth was the most pronounced in 2020 when imports increased by 102%. As a result, imports attained the peak of $478K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Castor Oil Seed in Iraq (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 93.2 | 337 | 89.8 | 193 | 27.5% |
| Turkey | 75.5 | 61.7 | 57.0 | 82.7 | 3.1% |
| United Arab Emirates | 15.3 | 34.9 | 87.7 | 54.8 | 53.0% |
| Spain | 28.6 | 33.6 | 19.5 | 32.4 | 4.2% |
| Jordan | 7.6 | 6.9 | 6.0 | 6.3 | -6.1% |
| Iran | 16.5 | N/A | N/A | N/A | 0% |
| Others | N/A | 4.2 | N/A | N/A | 0% |
| Total | 237 | 478 | 260 | 369 | 15.9% |
Top Suppliers of Castor Oil Seed to Iraq in 2022:
- India (119.0 tons)
- Turkey (45.1 tons)
- United Arab Emirates (6.0 tons)
- Spain (4.5 tons)
- Jordan (2.7 tons)
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