In 2023, China dominated the global import of castor oil, accounting for nearly half of the market. The United States, France, and Germany followed, but with significantly lower shares. Notable growth was observed in countries like Nigeria and Indonesia, while declines were noted in Switzerland and Ukraine. Belgium and Egypt experienced considerable increases, with South Korea also showing robust growth. In contrast, the United Kingdom and some Baltic and Balkan countries saw declines in their import shares.
Future trends to watch include potential further growth from emerging markets such as Nigeria and Indonesia, as well as expanding usage of castor oil in cosmetics and biofuels. Monitoring environmental and regulatory impacts on production and trade could also influence import dynamics.
Top countries in Import of Castor Oil or Fractions Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 46.47 | 2023 | +3.47% | +3.86% | View data |
| 2 | 2 United States | 9.44 | 2023 | +1.93% | +1.65% | View data |
| 3 | 3 France | 9.04 | 2023 | +0.054% | +0.3% | View data |
| 4 | 4 Germany | 8.51 | 2023 | +1.86% | +1.21% | View data |
| 5 | 5 Netherlands | 5.19 | 2023 | +2.49% | +2.7% | View data |
| 6 | 6 Thailand | 3.49 | 2023 | +1.76% | +2.9% | View data |
| 7 | 7 Japan | 2.46 | 2023 | +0.45% | +0.69% | View data |
| 8 | 8 Italy | 2.43 | 2023 | +1.54% | +2.38% | View data |
| 9 | 9 South Korea | 1.51 | 2023 | +2.94% | +3.5% | View data |
| 10 | 10 United Kingdom | 1.49 | 2023 | +0.81% | -0.4% | View data |
