Castor Oil Seed Price in Morocco - 2022
Contents:
- Castor Oil Seed Price in Morocco (CIF) - 2022
- Castor Oil Seed Price in Morocco (FOB) - 2022
- Castor Oil Seed Imports in Morocco
- Castor Oil Seed Exports in Morocco
Castor Oil Seed Price in Morocco (CIF) - 2022
In 2022, the average castor oil seed import price amounted to $2,519 per ton, jumping by 17% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.0%. The most prominent rate of growth was recorded in 2017 an increase of 26%. The import price peaked in 2022 and is expected to retain growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($2,822 per ton), while the price for Belgium ($2,253 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Castor Oil Seed Price in Morocco (FOB) - 2022
In 2022, the average castor oil seed export price amounted to $3,935 per ton, dropping by -27.2% against the previous year. Over the period under review, the export price, however, recorded a remarkable increase. The growth pace was the most rapid in 2018 when the average export price increased by 43% against the previous year. The export price peaked at $13,000 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($10,143 per ton), while the average price for exports to Mauritania totaled $3,717 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+26.1%).
Castor Oil Seed Imports in Morocco
In 2022, the amount of castor oil seed imported into Morocco reached 139 tons, growing by 12% on the year before. In general, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +19.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 33%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the near future.
In value terms, castor oil seed imports surged to $350K in 2022. Over the period under review, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Castor Oil Seed in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 52.6 | 75.2 | 92.7 | 293 | 77.3% |
| Spain | 11.9 | 11.5 | 30.4 | 44.0 | 54.6% |
| Belgium | 2.6 | 2.4 | 4.3 | 12.0 | 66.5% |
| Germany | 4.7 | 5.1 | 5.7 | N/A | 10.1% |
| Netherlands | 4.2 | 9.0 | 5.2 | N/A | 11.3% |
| Others | 88.3 | 99.0 | 128 | 0.5 | -82.2% |
| Total | 164 | 202 | 266 | 350 | 28.7% |
Top Suppliers of Castor Oil Seed to Morocco in 2022:
- India (117.8 tons)
- Spain (15.6 tons)
- Belgium (5.3 tons)
Castor Oil Seed Exports in Morocco
In 2022, overseas shipments of castor oil seed decreased by -34.6% to 414 kg for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, posted a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 299%.
In value terms, castor oil seed exports plummeted to $1.6K in 2022. Overall, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 156% against the previous year.
| Export of Castor Oil Seed in Morocco (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mauritania | N/A | N/A | N/A | 1,487 | 0% |
| United Arab Emirates | 34.0 | 105 | 28.0 | 142 | 61.0% |
| Cote d'Ivoire | 218 | 1,081 | 595 | N/A | 65.2% |
| Switzerland | N/A | N/A | 826 | N/A | 0% |
| Chile | 447 | N/A | 113 | N/A | -49.7% |
| France | 36.0 | 69.0 | 918 | N/A | 405.0% |
| Algeria | N/A | 682 | N/A | N/A | 0% |
| Others | 46.0 | 66.0 | 943 | N/A | 352.8% |
| Total | 781 | 2,003 | 3,423 | 1,629 | 27.8% |
Top Export Markets for Castor Oil Seed from Morocco in 2022:
- Mauritania (400.0 kg)
- United Arab Emirates (14.0 kg)
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