India dominates the global export of castor oil, accounting for 85.29% of the market. Other significant exporters include the Netherlands, Germany, and France, with shares of 3.47%, 1.75%, and 1.38%, respectively. Notable growth was observed in Malaysia (112.63%) and Macedonia (16.18%). In contrast, countries like Ukraine, Serbia, and the Czech Republic experienced severe declines. Key insights over the past five years indicate steady growth in most countries, driven primarily by the rising demand for sustainable and bio-based chemicals.
Looking ahead, expect evolving trade dynamics as countries increasingly focus on sustainable agriculture and energy demands. Monitoring geopolitical changes and shifts in trade agreements will be crucial for accurately predicting future market dynamics.
Top countries in Export of Castor Oil or Fractions Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 India | 85.29 | 2023 | +2.6% | +3.29% | View data |
| 2 | 2 Netherlands | 3.47 | 2023 | +2.11% | +3.99% | View data |
| 3 | 3 Germany | 1.75 | 2023 | +2.1% | +3.08% | View data |
| 4 | 4 France | 1.38 | 2023 | -2.67% | +0.54% | View data |
| 5 | 5 United States | 0.76 | 2023 | +0.4% | -1.5% | View data |
| 6 | 6 Thailand | 0.65 | 2023 | +1.79% | +5% | View data |
| 7 | 7 Belgium | 0.59 | 2023 | +2.78% | +8.07% | View data |
| 8 | 8 Malaysia | 0.26 | 2023 | -7.61% | +112.63% | View data |
| 9 | 9 United Arab Emirates | 0.18 | 2023 | +6.45% | +1.85% | View data |
| 10 | 10 Mexico | 0.17 | 2023 | +5.84% | +1.76% | View data |
