Price for Oil Seeds; Castor Oil Seeds, Whether or Not Broken in the Philippines - 2022
Contents:
- Price for Oil Seeds; Castor Oil Seeds, Whether or Not Broken in the Philippines (FOB) - 2022
- Price for Oil Seeds; Castor Oil Seeds, Whether or Not Broken in the Philippines (CIF) - 2022
- Exports of Oil Seeds; Castor Oil Seeds, Whether or Not Broken in the Philippines
- Imports of Oil Seeds; Castor Oil Seeds, Whether or Not Broken in the Philippines
Price for Oil Seeds; Castor Oil Seeds, Whether or Not Broken in the Philippines (FOB) - 2022
The average export price for oil seeds; castor oil seeds, whether or not brokens stood at $2,533 per ton in 2022, growing by 9.8% against the previous year. In general, the export price continues to indicate buoyant growth. The pace of growth was the most pronounced in 2017 an increase of 78%. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Taiwan (Chinese).
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +84.7% per year.
Price for Oil Seeds; Castor Oil Seeds, Whether or Not Broken in the Philippines (CIF) - 2022
In 2022, the average import price for oil seeds; castor oil seeds, whether or not brokens amounted to $1,715 per ton, with a decrease of -18% against the previous year. Overall, the import price continues to indicate a abrupt descent. The pace of growth appeared the most rapid in 2019 when the average import price increased by 75%. Over the period under review, average import prices reached the maximum at $3,210 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($2,206 per ton), while the price for India ($918 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-10.9%), while the prices for the other major suppliers experienced a decline.
Exports of Oil Seeds; Castor Oil Seeds, Whether or Not Broken in the Philippines
In 2022, exports of oil seeds; castor oil seeds, whether or not brokens from the Philippines rose modestly to 18 tons, surging by 4.9% on the previous year. The total export volume increased at an average annual rate of +4.9% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 4.9% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, exports of oil seeds; castor oil seeds, whether or not brokens surged to $45K in 2022. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +15.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +52.8% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Oil Seeds; Castor Oil Seeds, Whether or Not Broken in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 29.5 | 34.0 | 39.1 | 45.1 | 15.2% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 29.5 | 34.0 | 39.1 | 45.1 | 15.2% |
Top Export Markets for Oil Seeds; Castor Oil Seeds, Whether or Not Broken from the Philippines in 2022:
- Taiwan (Chinese) (17.8 tons)
Imports of Oil Seeds; Castor Oil Seeds, Whether or Not Broken in the Philippines
In 2022, after two years of decline, there was significant growth in purchases abroad of oil seeds; castor oil seeds, whether or not brokens, when their volume increased by 1,177% to 5.2 tons. Overall, imports, however, continue to indicate a abrupt contraction.
In value terms, imports of oil seeds; castor oil seeds, whether or not brokens soared to $8.9K in 2022. In general, imports, however, recorded a sharp descent.
| Import of Oil Seeds; Castor Oil Seeds, Whether or Not Broken in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.0 | 2.4 | 0.4 | 4.6 | -8.5% |
| United States | 13.9 | 0.1 | 0.3 | 3.8 | -35.1% |
| India | 2.1 | 0.6 | 0.1 | 0.4 | -42.5% |
| Others | 0.5 | N/A | N/A | N/A | 0% |
| Total | 22.6 | 3.2 | 0.8 | 8.9 | -26.7% |
Top Suppliers of Oil Seeds; Castor Oil Seeds, Whether or Not Broken to the Philippines in 2022:
- United States (2.6 tons)
- China (2.1 tons)
- India (0.5 tons)
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