Market research

Castor oil and fractions market in Americas

Castor oil and fractions market in Americas

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

Report language:
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File format: docx, xlsx

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"Americas" region includes following countries:

Bermuda
Canada
Greenland
Saint Pierre and Miquelon
the United States
Argentina
Bolivia
Bouvet Island
Brazil
Chile
Colombia
Ecuador
Falkland Islands (Malvinas)
South Georgia and the South Sandwich Islands
French Guiana
Guyana
Paraguay
Peru
Suriname
Uruguay
Venezuela
Belize
Costa Rica
El Salvador
Guatemala
Honduras
Mexico
Nicaragua
Panama
Antigua and Barbuda
the Bahamas
Barbados
British Virgin Islands
Cayman Islands
Cuba
Dominica
Dominican Republic
Grenada
Guadeloupe
Haiti
Jamaica
Martinique
Montserrat
Curacao
Aruba
Saint Maarten (Dutch part)
Bonaire
Puerto Rico
Saint-Barthélemy
Saint Kitts and Nevis
Anguilla
Saint Lucia
Saint-Martin (French Part)
Saint Vincent and the Grenadines
Trinidad and Tobago
Turks and Caicos Islands
United States Virgin Islands

Earlier Report Observations

The castor oil and fractions market in the Americas showed notable volatility from 2018 to 2023, with market volume peaking at 34 845 t in 2020 before declining to a low of 20 189 t in 2022. In value terms, the market reached $74.1 million in 2020, then contracted to $49.7 million in 2022, partially recovering to $52.8 million in 2023.

Domestic production followed a similar pattern, rising to 21 526 t in 2020 then falling, while import volumes decreased steadily until 2022 before rebounding. Exports grew consistently throughout the period, from 1 234 t to 6 683 t, reducing the net volume available for domestic consumption.

In 2024, the industry saw increased demand for bio-based and sustainable products, particularly in cosmetics and pharmaceuticals. Key developments included the entry and expansion of companies like Jayant Agro-Organics and Vertellus, FDA classification of castor oil as a stimulant laxative, and growth in commercial castor crop production in U.S. regions such as New Mexico and Texas.

Table of content

  1. 1. Disclaimer
  2. 2. Terms of use of the report
  3. 3. Product codes in the statistical classifications used in the report
  4. 4. Key Market Indicators and Trends
    1. 4.1. Key Market Indicators
      1. 4.1.1. In kind
        1. 4.1.1.1. Production, 2018-2023
        2. 4.1.1.2. Imports, 2018-2024
        3. 4.1.1.3. Exports, 2018-2024
        4. 4.1.1.4. Market size, 2018-2023
      2. 4.1.2. In value
        1. 4.1.2.1. Production, 2018-2023
        2. 4.1.2.2. Imports, 2018-2024
        3. 4.1.2.3. Exports, 2018-2024
        4. 4.1.2.4. Market size, 2018-2023
    2. 4.2. Market Trends and Factors
  5. 5. Production
    1. 5.1. Production in Americas
      1. 5.1.1. Annual dynamics of production in Americas in kind, 2018-2023, t
    2. 5.2. Global production by Country, 2018-2023
      1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, t
      2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
      3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, t
      4. 5.2.4. Structure of production by countries in kind, 2018-2023
      5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
  6. 6. Imports
    1. 6.1. Imports (Direct Data*)
      1. 6.1.1. Imports - Total information
      2. 6.1.2. Imports in kind, t
        1. 6.1.2.1. Annual dynamics of product's imports to Bermuda in kind, 2018-2024, t
        2. 6.1.2.2. Dynamics of product's imports in kind to Bermuda by countries, 2018-2024, t
        3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
      3. 6.1.3. Imports in value, K $ US
        1. 6.1.3.1. Annual dynamics of product's imports to Bermuda in value, 2018-2024, K $ US
        2. 6.1.3.2. Dynamics of product's imports in value to Bermuda by countries, 2018-2024, K $ US
        3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
      4. 6.1.4. Average price of product's imports, $ US/t
        1. 6.1.4.1. Annual dynamics of average price of product's imports to Bermuda, 2018-2024, $ US/t
        2. 6.1.4.2. Dynamics of average price of product's imports to Bermuda by countries, 2018-2024, $ US/t
    2. 6.2. Imports (Mirror Data)
      1. 6.2.1. Imports - Total information
      2. 6.2.2. Imports in kind, t
        1. 6.2.2.1. Annual dynamics of product's imports to Bermuda in kind, 2018-2024, t
        2. 6.2.2.2. Dynamics of product's imports in kind to Bermuda by countries, 2018-2024, t
        3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
      3. 6.2.3. Imports in value, K $ US
        1. 6.2.3.1. Annual dynamics of product's imports to Bermuda in value, 2018-2024, K $ US
        2. 6.2.3.2. Dynamics of product's imports in value to Bermuda by countries, 2018-2024, K $ US
        3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
      4. 6.2.4. Average price of product's imports, $ US/t
        1. 6.2.4.1. Annual dynamics of average price of product's imports to Bermuda, 2018-2024, $ US/t
        2. 6.2.4.2. Dynamics of average price of product's imports to Bermuda by countries, 2018-2024, $ US/t
  7. 7. Exports
    1. 7.1. Exports (Direct Data*)
      1. 7.1.1. Exports - Total information
      2. 7.1.2. Exports in kind, t
        1. 7.1.2.1. Annual dynamics of product's exports from Bermuda in kind, 2018-2024, t
        2. 7.1.2.2. Dynamics of product's exports in kind from Bermuda by countries, 2018-2024, t
        3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
      3. 7.1.3. Exports in value, K $ US
        1. 7.1.3.1. Annual dynamics of product's exports from Bermuda in value, 2018-2024, K $ US
        2. 7.1.3.2. Dynamics of product's exports in value from Bermuda by countries, 2018-2024, K $ US
        3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
      4. 7.1.4. Average price of product's exports, $ US/t
        1. 7.1.4.1. Annual dynamics of average price of product's exports from Bermuda, 2018-2024, $ US/t
        2. 7.1.4.2. Dynamics of average price of product's exports from Bermuda by countries, 2018-2024, $ US/t
    2. 7.2. Exports (Mirror Data)
      1. 7.2.1. Exports - Total information
      2. 7.2.2. Exports in kind, t
        1. 7.2.2.1. Annual dynamics of product's exports from Bermuda in kind, 2018-2024, t
        2. 7.2.2.2. Dynamics of product's exports in kind from Bermuda by countries, 2018-2024, t
        3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
      3. 7.2.3. Exports in value, K $ US
        1. 7.2.3.1. Annual dynamics of product's exports from Bermuda in value, 2018-2024, K $ US
        2. 7.2.3.2. Dynamics of product's exports in value from Bermuda by countries, 2018-2024, K $ US
        3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
      4. 7.2.4. Average price of product's exports, $ US/t
        1. 7.2.4.1. Annual dynamics of average price of product's exports from Bermuda, 2018-2024, $ US/t
        2. 7.2.4.2. Dynamics of average price of product's exports from Bermuda by countries, 2018-2024, $ US/t
  8. 8. Trade balance
    1. 8.1. Trade balance (Direct Data)
      1. 8.1.1. In kind, t
      2. 8.1.2. In value, K $ US
    2. 8.2. Trade balance (Mirror Data)
      1. 8.2.1. In kind, t
      2. 8.2.2. In value, K $ US
  9. 9. Top buying and selling countries, 2018-2024
    1. 9.1. Direct Data
      1. 9.1.1. Import in Value by Countries-buyers
      2. 9.1.2. Export in Value by Countries-suppliers
    2. 9.2. Mirror Data
      1. 9.2.1. Import in Value by Countries-buyers
      2. 9.2.2. Export in Value by Countries-suppliers

Production castor oil and fractions in Americas

In kind, 2017-2020, t

Top producers of castor oil and fractions, 2017-2020

Source: SHEV.io

World map of production of castor oil and fractions, 2017-2020

Source: SHEV.io

Castor oil and fractions production in the Americas has increased for the third consecutive year. In 2020, production reached 21 526 tonnes, marking a significant 32.7% improvement compared to 2019. From 2017 to 2020, production grew by 105.7%, with an average annual growth rate of 27.2%.

Annual dynamics of production in Americas in kind, 2017-2020, t

Parameter201820192020CAGR
1Change from last year26.3%22.6%32.7%27.2%
Source: SHEV.io

In value, 2017-2020, K $ US

Castor oil and fractions production in the Americas has increased for the third consecutive year. In 2020, the output was valued at 50 679 thousand US dollars, showing a robust 16.3% year-over-year improvement. From 2017 to 2020, production increased by 88.9%, with an average annual growth rate of 23.6%.

Annual dynamics of production in Americas in value, 2017-2020, K $ US

Parameter201820192020CAGR
1Change from last year27.1%27.8%16.3%23.6%
Source: SHEV.io

Exports castor oil and fractions from Americas

Exports in kind, t

The Americas exported 1 173 tonnes of castor oil and fractions in 2020, up by 48.8% compared to the previous year. From 2017 to 2020, exports increased by 37.8%, equating to an annualized rate of 11.3%. The lowest export volume was recorded in 2019 at 788 tonnes, while the highest was in 2018 at 1 234 tonnes. The largest decline occurred in 2019, with a drop of 36.1%.

Annual dynamics of product's exports from Americas in kind, 2017-2020, t

Parameter201820192020CAGR
1Change from last year45.0%(36.1%)48.8%11.3%
Source: SHEV.io

From 2017 to 2020, France, Germany, and the United Kingdom formed the core group of markets for exports in kind. France accounted for 2.5% of exports, Germany for 2.3%, and the United Kingdom for 2.2%, together representing 7.0% of total flows.

Structure of product's exports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Americas in kind, 2017-2020

Source: SHEV.io

Exports in value, K $ US

The Americas exported 2 762 thousand US dollars worth of castor oil and fractions in 2020, representing a sharp 30.3% year-over-year uptick. From 2017 to 2020, exports increased by 26.5%, equating to an annualized rate of 8.2%. The lowest value was recorded in 2019 at 2 119 thousand US dollars, while the highest was in 2018 at 3 183 thousand US dollars. The largest decline occurred in 2019 with a drop of 33.4%, and the largest increase was in 2018 with a rise of 45.8%.

Annual dynamics of product's exports from Americas in value, 2017-2020, K $ US

Parameter201820192020CAGR
1Change from last year45.8%(33.4%)30.3%8.2%
Source: SHEV.io

From 2017 to 2020, France, Germany, and the United Kingdom remained the main markets for exports in value terms. France accounted for 2.8% of exports, Germany for 1.3%, and the United Kingdom for 1.2%, jointly taking 5.2% of total flows.

Structure of product's exports in value by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Americas in value, 2017-2020

Source: SHEV.io

Imports castor oil and fractions to Americas

Imports in kind, t

After a two-year decline, cross-border shipments of castor oil and fractions to the Americas increased. In 2020, imports reached 14 493 tonnes, showing a solid 24.8% increase compared to 2019. From 2017 to 2020, imports decreased by 23.6%, with an average annual decline rate of 8.6%. The lowest import volume was recorded in 2019 at 11 614 tonnes, and the largest decline occurred in 2019 with a drop of 32.0%.

Annual dynamics of product's imports to Americas in kind, 2017-2020, t

Parameter201820192020CAGR
1Change from last year(9.9%)(32.0%)24.8%(8.6%)
Source: SHEV.io

From 2017 to 2020, imports in kind of castor oil and fractions to the Americas were almost entirely concentrated in India, whose share reached 92.2%.

Structure of product's imports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Americas in kind, 2017-2020

Source: SHEV.io

Imports in value, K $ US

After a two-year reduction, foreign supplies of castor oil and fractions to the Americas increased. In 2020, imports stood at 26 158 thousand US dollars, showing a 13.7% rise over the previous year. From 2017 to 2020, imports decreased by 19.7%, equating to an annualized decline rate of 7.1%. The lowest value was recorded in 2019 at 22 998 thousand US dollars, and the largest decline occurred in 2019 with a drop of 26.2%.

Annual dynamics of product's imports to Americas in value, 2017-2020, K $ US

Parameter201820192020CAGR
1Change from last year(4.3%)(26.2%)13.7%(7.1%)
Source: SHEV.io

From 2017 to 2020, the partner structure for imports in value terms was centred on India, whose share amounted to 88.3% of total flows, while other markets formed a less significant perimeter.

Structure of product's imports in value by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Americas in value, 2017-2020

Source: SHEV.io

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