Castor Oil Seed Price in Nepal - 2022
Contents:
Castor Oil Seed Price in Nepal (CIF) - 2022
In 2022, the average castor oil seed import price amounted to $2,438 per ton, jumping by 46% against the previous year. Overall, import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +5.3% 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 increased by +53.9% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for India amounted to +5.3% per year.
Castor Oil Seed Imports in Nepal
Castor oil seed imports into Nepal reduced dramatically to 25 tons in 2022, waning by -77.7% against the previous year's figure. Overall, imports continue to indicate a sharp setback. The growth pace was the most rapid in 2021 when imports increased by 14%.
In value terms, castor oil seed imports contracted dramatically to $61K in 2022. In general, imports showed a significant contraction. The pace of growth was the most pronounced in 2021 with an increase of 20% against the previous year.
| Import of Castor Oil Seed in Nepal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 248 | 150 | 182 | 60.8 | -37.4% |
| Others | 2.4 | 5.6 | 4.8 | N/A | 41.4% |
| Total | 250 | 156 | 187 | 60.8 | -37.6% |
Top Suppliers of Castor Oil Seed to Nepal in 2022:
- India (24.9 tons)
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