India dominates global castor oil exports with a significant lead, holding an 83.32% share in 2023. It shows a steady annual growth of 3.6%. The Netherlands and Germany are relatively smaller players, with shares of 3.96% and 2.35%, respectively, yet both have demonstrated modest growth, indicating a strengthening foothold. Notably, Malaysia has shown remarkable growth with a year-on-year increase of 70.02%, albeit from a smaller base.
Looking forward, the global castor oil export market is likely to be influenced by sustainability trends, increasing demand for eco-friendly products, and emerging markets focusing on industrial applications. Additionally, geopolitical factors and economic policies could affect trade dynamics in the coming years.
Top countries in Export of Castor Oil or Fractions Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 India | 83.32 | 2023 | +2.95% | +3.6% | View data |
| 2 | 2 Netherlands | 3.96 | 2023 | +2.52% | +3.78% | View data |
| 3 | 3 Germany | 2.35 | 2023 | +2.44% | +2.95% | View data |
| 4 | 4 France | 2.3 | 2023 | +0.75% | +1.32% | View data |
| 5 | 5 United States | 1.47 | 2023 | +2.92% | +1.93% | View data |
| 6 | 6 Thailand | 0.71 | 2023 | +2.09% | +5.28% | View data |
| 7 | 7 Belgium | 0.66 | 2023 | +2.64% | +6.33% | View data |
| 8 | 8 United Arab Emirates | 0.31 | 2023 | +6.5% | +1.86% | View data |
| 9 | 9 Spain | 0.21 | 2023 | +4.29% | +3.94% | View data |
| 10 | 10 United Kingdom | 0.17 | 2023 | +0.83% | +0.65% | View data |
