As of 2023, China leads the global import market for castor oil, considerably ahead of other nations, with France, the United States, and Germany following. Over the past year, notable increases in import values were observed in countries like Poland, Nigeria, and Bahrain, while declines were reported in Ukraine, Patagonia, and Ireland. A five-year view highlights Greece, Norway, and Angola as showing strong growth via CAGR, contrasted with Slovakia, Iceland, and Zimbabwe experiencing sustained contraction.
Future outlook suggests increased demand driven by industrial applications and potential substitution for petrochemical products. Key markets such as China, the United States, and emerging economies may play significant roles in driving growth due to industrial expansion and rising environmental concerns.
Top countries in Import of Castor Oil or Fractions Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 42.09 | 2023 | +3.58% | +3.82% | View data |
| 2 | 2 France | 10.17 | 2023 | +1.44% | +0.9% | View data |
| 3 | 3 United States | 9.9 | 2023 | +2.29% | +2.25% | View data |
| 4 | 4 Germany | 8.57 | 2023 | +2.19% | +1.5% | View data |
| 5 | 5 Netherlands | 5.15 | 2023 | +2.95% | +3.05% | View data |
| 6 | 6 Thailand | 3.25 | 2023 | +2.22% | +3.3% | View data |
| 7 | 7 Japan | 2.68 | 2023 | +1.89% | +3.31% | View data |
| 8 | 8 Italy | 2.56 | 2023 | +1.77% | +2.47% | View data |
| 9 | 9 United Kingdom | 1.72 | 2023 | +2.59% | +1.72% | View data |
| 10 | 10 South Korea | 1.56 | 2023 | +3.09% | +3.42% | View data |
