Product
|
Category | Region | Price |
---|---|---|---|
Castor Oil | Agricultural Feedstock | USA | 1817 USD/MT |
Castor Oil | Agricultural Feedstock | South Korea | 1593 USD/MT |
Castor Oil | Agricultural Feedstock | France | 1633 USD/MT |
The castor oil prices in the United States for Q2 2024 reached 1817 USD/MT June. The market showed resilience despite restrictions faced by the supply chain. Major industries, including personal care and pharmaceutical, maintained steady demand, keeping prices stable. However, supply restrictions on account of logistical issues, such as rising charges of freight and higher costs of transportation. Seasonal demands and end use industry acquisition further supported price stability. The fall of the US dollar also added to import costs, influencing prices. Despite these challenges, the market remained stable, supported by strong demand.
The price trend for castor oil in South Korea for Q2 2024, reached 1593 USD/MT in June. The market positioned itself as a castor oil trade hub, leveraging its strategic location. The market experienced price shifts, but manufacturers took leverage on the fluctuations by improving logistics and expanding into emerging applications, ensuring future market stability and growth.
During Q2 2024, the castor oil market in France reached 1633 USD/MT in June and saw price adjustments due to oversupply and lower adoption from key industries. Gradually, this correction phase opened up avenues for reasonable prices, ultimately helping the market stabilize and creating opportunities for expansion in new sectors.
Product
|
Category | Region | Price |
---|---|---|---|
Castor Oil | Agricultural Feedstock | USA | 1685 USD/MT (Refine castor oil FSG grade) |
Castor Oil | Agricultural Feedstock | China | 1550 USD/MT |
Castor Oil | Agricultural Feedstock | Netherlands | 1585 USD/MT (Refine castor oil FSG grade) |
The castor oil prices in the United States for Q4 2023 reached 1685 USD/MT in December. The market experienced fluctuating prices, influenced by both supply constraints and rising energy costs. Although demand from downstream sectors initially pushed prices upward, a global reduction in castor oil consumption and lower imports from major suppliers like India led to a notable price drop by November.
The price trend for castor oil in China for Q4 2023, reached 1550 USD/MT in December. The market faced significant challenges, specifically on account of reduced downstream demand. A sluggish economy and lower consumption from industrial sectors contributed to a decline in import volumes. Despite these factors, prices stabilized toward latter portion of December, influenced by increased inquiries from key industries.
The price trend for castor oil in the Netherlands for Q4 2023, reached 1585 USD/MT in December. The market saw a price drop, reaching its lowest in November. Reduced acquisition from end use sectors and a fall in imports pressured prices. However, a late-year rise in consumer demand contributed to a modest market rebound by December’s close.
The report provides a detailed analysis of the castor oil market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the castor oil price trend.
The report offers a holistic view of the global castor oil pricing trends in the form of castor oil price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into castor oil historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.
The report also delves into castor oil price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed castor oil demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.
Q2 2024:
The market in Europe experienced a fluctuating quarter, beginning with declining demand that lowered prices in major industries like manufacturing, personal care, and pharmaceuticals. Economic challenges and high energy costs exacerbated this trend. Nonetheless, strategic adjustments in inventory and competitive pricing later stabilized the market. Geopolitical disruptions further prompted enhancements in supply chain resilience. By quarter's end, these factors converged to stabilize prices, reflecting an adaptation to the shifting economic landscape and signaling potential for future growth through novel downstream applications in the region.
Q1 2024:
In Europe, the price for castor oil fluctuated due to a combination of factors. The market saw a negative start in early 2024 as reduced procurement and the upcoming harvest in key producing countries led to expectations of oversupply. Geopolitical tensions, specifically in the Red Sea region, added to the uncertainty by disrupting trade routes. However, by mid-quarter, demand from sectors including cosmetics and pharmaceuticals began to revive prices. Currency volatility and high shipping rates further affected the price dynamics, maintaining a challenging environment for importers.
Q4 2023:
In Europe, the market experienced a downward shift, hitting its lowest mid-quarter. However, a strong recovery was seen by December. The price drop was primarily influenced by declining export prices from major producers like India. Additionally, reduced demand from downstream industries in October, following a similar trend in September, prompted domestic suppliers to cut prices in order to move excess inventories and stabilize the market locally.
This analysis can be extended to include detailed castor oil price information for a comprehensive list of countries.
Region | Countries Covered |
---|---|
Europe | Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries. |
Q2 2024:
During Q2 2024, the North American market remained stable, with prices experiencing a gradual upward movement. This positive trend was largely due to steady demand across key sectors like personal care, cosmetics, and pharmaceuticals . However, supply chain disruptions, such as logistical delays and higher freight costs, added pressure to the market. The United States saw significant price variations, driven by seasonal demand and limited supply. The weakening US dollar further increased import costs, contributing to the overall rise in domestic prices.
Q1 2024:
In North America the castor oil market experienced a downward trend in early 2024. January saw procurement strategies shift as companies dealt with high stock levels, which dampened demand. By February, the market showed some improvement, and March concluded on a positive note. Trade activity remained low, with elevated freight costs and shipping delays due to regional disputes affecting the flow of goods. These factors led traders to focus on clearing existing inventories rather than issuing new quotations.
Q4 2023:
As 2023 progressed into its final quarter, the North American market saw various changes, initially characterized by a surge in demand propelled by a shift towards eco-friendly products and increased industrial utilization. Despite this rising demand, the prices in the United States witnessed a dip by November, driven by a global decrease in demand and fewer new orders within the local market. Moreover, lower rates from significant exporters like India affected the market dynamics. By the year's end, sufficient inventories and decreased trade activities contributed to a further price reduction, stabilizing the market.
Specific castor oil historical data within the United States and Canada can also be provided.
Region | Countries Covered |
---|---|
North America | United States and Canada |
The report explores the castor oil pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.
In addition to region-wise data, information on castor oil prices for countries can also be provided.
Region | Countries Covered |
---|---|
Middle East & Africa | Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Q2 2024:
In Q2 2024, the market in the Asia Pacific region showed significant flexibility. Despite earlier disruptions, the industry bounced back, with new opportunities emerging from shifts in demand across sectors like cosmetics, lubricants, and pharmaceuticals. The initially excess inventory of castor oil, which posed challenges, eventually paved the way for more competitive pricing, attracting buyers from untapped markets. Manufacturers also began exploring sustainable uses for castor oil, fostering innovation in eco-friendly products and expanding its application potential.
Q1 2024:
In the Asia-Pacific, the Q1 castor oil prices experienced fluctuations. The market in India saw a sluggish start, with prices declining until mid-quarter. This was driven by an oversupply of castor oil, especially in major states like Gujarat and Rajasthan, due to the harvest season. By March, prices rebounded significantly, while earlier, reduced demand and a drop in exports, particularly to China, contributed to the price drop, especially as markets in China closed for the Lunar New Year.
Q4 2023:
During the last quarter, the Asia Pacific region witnessed a decline in castor oil prices, which rebounded towards the end of December. The initial decline was due to diminished local consumption and an excess production adjusting to the actual needs. The price cuts in India, a leading exporter, were impacted by reduced manufacturing expenses and an oversupply of castor seeds in regions like Gujarat and Rajasthan. Despite a slow export pace initially, demand picked up sharply by year's end due to increased needs in industries including cosmetics and biodiesel, which, coupled with heightened international demand, led to restricted supplies and escalated prices.
This castor oil price analysis can be expanded to include a comprehensive list of countries within the region.
Region | Countries Covered |
---|---|
Asia Pacific | China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
The analysis of castor oil prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.
This comprehensive review can be extended to include specific countries within the region.
Region | Countries Covered |
---|---|
Latin America | Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
IMARC’s newly published report, titled “Castor Oil Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition,” offers an in-depth analysis of castor oil pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.
It encompasses an in-depth review of spot price of castor oil at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of castor oil price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.
The report examines the elements influencing castor oil price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.
The global castor oil industry size reached 795 Kilo Tons in 2023. By 2032, IMARC Group expects the market to reach 887.2 Kilo Tons, at a projected CAGR of 1.10% during 2023-2032.
The report covers the latest developments, updates, and trends impacting the global castor oil industry, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in castor oil production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the castor oil price trend.
Latest developments in the castor oil industry:
Castor Oil is a vegetable oil pressed from the seeds of the castor oil plant. It is a pale-yellow liquid, distinguished by its versatility and unique chemical composition, primarily consisting of ricinoleic acid. Castor oil is available in multiple types, including cold-pressed, Jamaican black castor oil, and hydrogenated castor oil. Its viscosity, coupled with its ability to remain stable under a wide temperature range, makes it highly valuable across various industries.
Castor oil finds application in industrial machinery, cosmetics and skincare products, pharmaceuticals, leather, food, biodiesel production, pesticides, hair care products, textile, and art supplies. It aids in promoting skin and hair health, offering anti-inflammatory and antimicrobial properties, facilitating wound healing, enhancing immune function, providing relief from constipation, reducing pain associated with arthritis, and supporting overall health.
Key Attributes | Details |
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Product Name | Castor Oil |
Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Castor Oil Price Analysis, and Segment-Wise Assessment. |
Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
Region/Countries Covered | The current coverage includes analysis at the global and regional levels only. Based on your requirements, we can also customize the report and provide specific information for the following countries: Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, New Zealand* Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, Greece* North America: United States, Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, Peru* Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, Morocco* *The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
Information Covered for Key Suppliers |
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Customization Scope | The report can be customized as per the requirements of the customer |
Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
Plan B: Quarterly Updates - Annual Subscription
Plan C: Biannually Updates - Annual Subscription
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Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Delivery Format | PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |