The data highlights India's dominance in global castor seed production, accounting for over 88% of the global share in 2023, despite a 4.37% decline from 2022. Countries like Mozambique and Kenya saw increases, with Mozambique at 6.63% and Kenya experiencing a notable 5.74% growth. Asian and African nations like Myanmar, Ethiopia, and Vietnam showed slight gains, while some countries like Paraguay and Mexico faced declines. Trends over five years show India's CAGR decrease counterbalanced by various minor global increases, indicating fragmentation in smaller markets.
Future trends to watch include India’s potential market stabilization efforts and the burgeoning growth in African nations. Mozambique and Kenya's increasing shares merit attention alongside the impact of global climate policies on castor farming practices. Additionally, the diversification of castor seed producers, particularly in Southeast Asia and Africa, may influence market dynamics in the coming years.
Top countries in Castor Seed Production Share by Country (Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 India | 88.81 | 2023 | -0.87% | -4.37% | View data |
| 2 | 2 Mozambique | 6.63 | 2023 | +2.3% | +2.55% | View data |
| 3 | 3 Myanmar | 0.98 | 2023 | +1.35% | +1.43% | View data |
| 4 | 4 Ethiopia | 0.85 | 2023 | +1.83% | +1.82% | View data |
| 5 | 5 Vietnam | 0.52 | 2023 | +1.15% | +1.09% | View data |
| 6 | 6 South Africa | 0.5 | 2023 | +1.11% | +1.23% | View data |
| 7 | 7 Paraguay | 0.35 | 2023 | -5.74% | -6.78% | View data |
| 8 | 8 Angola | 0.3 | 2023 | +0.43% | +0.43% | View data |
| 9 | 9 Kenya | 0.28 | 2023 | +1.67% | +5.74% | View data |
| 10 | 10 Tanzania | 0.21 | 2023 | -0.37% | -0.36% | View data |
