"Americas" region includes following countries:
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. Disclaimer
- 2. Terms of use of the report
- 3. Product codes in the statistical classifications used in the report
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4. Key Market Indicators and Trends
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4.1. Key Market Indicators
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4.1.1. In kind
- 4.1.1.1. Production, 2018-2023
- 4.1.1.2. Imports, 2018-2024
- 4.1.1.3. Exports, 2018-2024
- 4.1.1.4. Market size, 2018-2023
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4.1.2. In value
- 4.1.2.1. Production, 2018-2023
- 4.1.2.2. Imports, 2018-2024
- 4.1.2.3. Exports, 2018-2024
- 4.1.2.4. Market size, 2018-2023
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4.1.1. In kind
- 4.2. Market Trends and Factors
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4.1. Key Market Indicators
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5. Production
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5.1. Production in Americas
- 5.1.1. Annual dynamics of production in Americas in kind, 2018-2023, t
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5.2. Global production by Country, 2018-2023
- 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, t
- 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
- 5.2.3. Annual dynamics of production by country in kind, 2018-2023, t
- 5.2.4. Structure of production by countries in kind, 2018-2023
- 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
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5.1. Production in Americas
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6. Imports
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6.1. Imports (Direct Data*)
- 6.1.1. Imports - Total information
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6.1.2. Imports in kind, t
- 6.1.2.1. Annual dynamics of product's imports to Bermuda in kind, 2018-2024, t
- 6.1.2.2. Dynamics of product's imports in kind to Bermuda by countries, 2018-2024, t
- 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
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6.1.3. Imports in value, K $ US
- 6.1.3.1. Annual dynamics of product's imports to Bermuda in value, 2018-2024, K $ US
- 6.1.3.2. Dynamics of product's imports in value to Bermuda by countries, 2018-2024, K $ US
- 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
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6.1.4. Average price of product's imports, $ US/t
- 6.1.4.1. Annual dynamics of average price of product's imports to Bermuda, 2018-2024, $ US/t
- 6.1.4.2. Dynamics of average price of product's imports to Bermuda by countries, 2018-2024, $ US/t
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6.2. Imports (Mirror Data)
- 6.2.1. Imports - Total information
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6.2.2. Imports in kind, t
- 6.2.2.1. Annual dynamics of product's imports to Bermuda in kind, 2018-2024, t
- 6.2.2.2. Dynamics of product's imports in kind to Bermuda by countries, 2018-2024, t
- 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
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6.2.3. Imports in value, K $ US
- 6.2.3.1. Annual dynamics of product's imports to Bermuda in value, 2018-2024, K $ US
- 6.2.3.2. Dynamics of product's imports in value to Bermuda by countries, 2018-2024, K $ US
- 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
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6.2.4. Average price of product's imports, $ US/t
- 6.2.4.1. Annual dynamics of average price of product's imports to Bermuda, 2018-2024, $ US/t
- 6.2.4.2. Dynamics of average price of product's imports to Bermuda by countries, 2018-2024, $ US/t
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6.1. Imports (Direct Data*)
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7. Exports
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7.1. Exports (Direct Data*)
- 7.1.1. Exports - Total information
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7.1.2. Exports in kind, t
- 7.1.2.1. Annual dynamics of product's exports from Bermuda in kind, 2018-2024, t
- 7.1.2.2. Dynamics of product's exports in kind from Bermuda by countries, 2018-2024, t
- 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
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7.1.3. Exports in value, K $ US
- 7.1.3.1. Annual dynamics of product's exports from Bermuda in value, 2018-2024, K $ US
- 7.1.3.2. Dynamics of product's exports in value from Bermuda by countries, 2018-2024, K $ US
- 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
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7.1.4. Average price of product's exports, $ US/t
- 7.1.4.1. Annual dynamics of average price of product's exports from Bermuda, 2018-2024, $ US/t
- 7.1.4.2. Dynamics of average price of product's exports from Bermuda by countries, 2018-2024, $ US/t
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7.2. Exports (Mirror Data)
- 7.2.1. Exports - Total information
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7.2.2. Exports in kind, t
- 7.2.2.1. Annual dynamics of product's exports from Bermuda in kind, 2018-2024, t
- 7.2.2.2. Dynamics of product's exports in kind from Bermuda by countries, 2018-2024, t
- 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
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7.2.3. Exports in value, K $ US
- 7.2.3.1. Annual dynamics of product's exports from Bermuda in value, 2018-2024, K $ US
- 7.2.3.2. Dynamics of product's exports in value from Bermuda by countries, 2018-2024, K $ US
- 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
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7.2.4. Average price of product's exports, $ US/t
- 7.2.4.1. Annual dynamics of average price of product's exports from Bermuda, 2018-2024, $ US/t
- 7.2.4.2. Dynamics of average price of product's exports from Bermuda by countries, 2018-2024, $ US/t
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7.1. Exports (Direct Data*)
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8. Trade balance
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8.1. Trade balance (Direct Data)
- 8.1.1. In kind, t
- 8.1.2. In value, K $ US
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8.2. Trade balance (Mirror Data)
- 8.2.1. In kind, t
- 8.2.2. In value, K $ US
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8.1. Trade balance (Direct Data)
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9. Top buying and selling countries, 2018-2024
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9.1. Direct Data
- 9.1.1. Import in Value by Countries-buyers
- 9.1.2. Export in Value by Countries-suppliers
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9.2. Mirror Data
- 9.2.1. Import in Value by Countries-buyers
- 9.2.2. Export in Value by Countries-suppliers
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9.1. Direct Data
Production castor oil and fractions in Americas
In kind, 2017-2020, t
Top producers of castor oil and fractions, 2017-2020
World map of production of castor oil and fractions, 2017-2020
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
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 26.3% | 22.6% | 32.7% | 27.2% |
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
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 27.1% | 27.8% | 16.3% | 23.6% |
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
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 45.0% | (36.1%) | 48.8% | 11.3% |
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
World map of product's exports from Americas in kind, 2017-2020
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
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 45.8% | (33.4%) | 30.3% | 8.2% |
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
World map of product's exports from Americas in value, 2017-2020
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
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (9.9%) | (32.0%) | 24.8% | (8.6%) |
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
World map of product's imports to Americas in kind, 2017-2020
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
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (4.3%) | (26.2%) | 13.7% | (7.1%) |
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
World map of product's imports to Americas in value, 2017-2020
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