In 2023, India dominated the global export market for castor oil with a significant majority. The Netherlands, Germany, and France also held notable positions, albeit much smaller. Noteworthy growth was seen in Thailand, Belgium, and remarkably in Malaysia, though the U.S. experienced a slight decline. Slower growth or declines occurred in Italy, Japan, and the Czech Republic. Despite vast disparities in volume, countries like Macedonia and Norway showed high growth rates, likely due to recent market penetration or policy changes.
Looking forward, trends to watch include steady consolidation of Indian exports, emerging markets like Malaysia becoming more significant players, and the impact of geopolitical factors on trade dynamics. Innovation in sustainable production and consumption may also shape future demand and competitive landscape globally.
Top countries in Export of Castor Oil or Fractions by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 India | 700,480,000 | 2023 | +2.6% | +3.29% | View data |
| 2 | 2 Netherlands | 28,516,000 | 2023 | +2.11% | +3.99% | View data |
| 3 | 3 Germany | 14,372,000 | 2023 | +2.1% | +3.08% | View data |
| 4 | 4 France | 11,343,000 | 2023 | -2.67% | +0.54% | View data |
| 5 | 5 United States | 6,219,200 | 2023 | +0.4% | -1.5% | View data |
| 6 | 6 Thailand | 5,298,100 | 2023 | +1.79% | +5% | View data |
| 7 | 7 Belgium | 4,820,000 | 2023 | +2.78% | +8.07% | View data |
| 8 | 8 Malaysia | 2,114,300 | 2023 | -7.61% | +112.63% | View data |
| 9 | 9 United Arab Emirates | 1,512,400 | 2023 | +6.45% | +1.85% | View data |
| 10 | 10 Mexico | 1,374,300 | 2023 | +5.84% | +1.76% | View data |
