Castor Oil Seed Price in Venezuela - 2022
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Castor Oil Seed Price in Venezuela (CIF) - 2022
The average castor oil seed import price stood at $3,531 per ton in 2022, rising by 9.2% against the previous year. Over the period under review, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, castor oil seed import price decreased by -11.4% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 86%. The import price peaked at $3,985 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Colombia ($15,000 per ton), while the price for Mexico ($3,451 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+22.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Castor Oil Seed Imports in Venezuela
In 2022, imports of castor oil seed into Venezuela declined notably to 2.8 tons, which is down by -21.4% on the year before. Overall, imports recorded a deep contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 72% against the previous year.
In value terms, castor oil seed imports contracted to $10K in 2022. Over the period under review, imports faced a abrupt downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 40% against the previous year.
Import of Castor Oil Seed in Venezuela (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Mexico | 12.8 | 7.6 | 10.7 | 9.1 | -10.7% |
India | 0.5 | 0.2 | 0.3 | 0.3 | -15.7% |
Others | 1.1 | 0.5 | 0.7 | 0.5 | -23.1% |
Total | 14.3 | 8.3 | 11.6 | 10.0 | -11.2% |
Top Suppliers of Castor Oil Seed to Venezuela in 2022:
- Mexico (2645.0 kg)
- India (76.0 kg)
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Global castor oil seed consumption amounted to X thousand tons in 2015, surging by +X% against the previous year level.
In 2015, the country with the largest volume of the castor oil seed output was India (X thousand tons), accounting for X% of global production.
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In 2015, the countries with the highest levels of linseed oil production were China (X thousand tons), Belgium (X thousand tons), the United States (X thousand tons), together accounting for X% of total output.
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Global maize oil consumption amounted to X thousand tons in 2015, falling by -X% against the previous year level.
In 2015, the country with the largest volume of the maize oil output was the United States (X thousand tons), accounting for X% of global production.
The maize oil market reached X million USD, rising with an annual increase of X%.
The U.S. dominates in the global maize oil trade. In 2014, the U.S. exported X thousand tons of maize oil totaling X million USD, X% under the previous year. Its primary trading partner was Saudi Arabia, where it supplied X% of its total maize