Castor Oil Seed Price in Paraguay - 2024
Contents:
Castor Oil Seed Price in Paraguay (CIF) - 2022
In 2022, the average castor oil seed import price amounted to $1,894 per ton, falling by -4.8% against the previous year. Overall, the import price saw a abrupt setback. The pace of growth appeared the most rapid in 2015 an increase of 179% against the previous year. As a result, import price attained the peak level of $7,454 per ton. From 2016 to 2022, the average import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($2,794 per ton), while the price for Brazil amounted to $1,881 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-1.4%), while the prices for the other major suppliers experienced a decline.
Castor Oil Seed Imports in Paraguay
In 2022, overseas purchases of castor oil seed decreased by -22.3% to 103 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 261% against the previous year. As a result, imports reached the peak of 133 tons, and then fell markedly in the following year.
In value terms, castor oil seed imports shrank sharply to $195K in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +6.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +40.8% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 90% against the previous year. As a result, imports attained the peak of $264K, and then contracted dramatically in the following year.
| Import of Castor Oil Seed in Paraguay (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 152 | 132 | 261 | 191 | 7.9% |
| India | N/A | 6.5 | 2.1 | 3.9 | -22.5% |
| Others | 10.7 | N/A | 1.2 | N/A | -66.5% |
| Total | 162 | 139 | 264 | 195 | 6.4% |
Top Suppliers of Castor Oil Seed to Paraguay in 2022:
- Brazil (101.7 tons)
- India (1.4 tons)
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