Market research

Castor oil and fractions market in Caribbean

$Castor oil and fractions market in Caribbean$

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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"Caribbean" region includes following countries:

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 Caribbean market for castor oil and fractions showed considerable movement between 2018 and 2023. Market volume began at 682.1 t in 2018 but contracted sharply to 400.7 t in 2020, a decline of over 40%. This drop was primarily due to an exceptional spike in exports, which reached 263.8 t that year, drastically reducing the volume available for domestic consumption.

From 2021, the market rebounded strongly, with volume recovering to 651.1 t and stabilizing above 650 t in the following years. This recovery coincided with exports returning to normal levels and a steady increase in domestic production, which grew from 584.7 t in 2018 to 607.7 t in 2023. By 2023, market volume reached 693.1 t, slightly surpassing the 2018 level and indicating a full market recovery.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
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. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Caribbean
  1. 5.1.1. Annual dynamics of production in Caribbean 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. Exports
1. 6.1. Exports (Direct Data*)
  1. 6.1.1. Exports - Total information
  2. 6.1.2. Exports in kind, t
    1. 6.1.2.1. Annual dynamics of product's exports from Antigua and Barbuda in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's exports in kind from Antigua and Barbuda by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.1.3. Exports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's exports from Antigua and Barbuda in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's exports in value from Antigua and Barbuda by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's exports, $ US/kg
    1. 6.1.4.1. Annual dynamics of average price of product's exports from Antigua and Barbuda, 2018-2024, $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's exports from Antigua and Barbuda by countries, 2018-2024, $ US/kg
2. 6.2. Exports (Mirror Data)
  1. 6.2.1. Exports - Total information
  2. 6.2.2. Exports in kind, t
    1. 6.2.2.1. Annual dynamics of product's exports from Antigua and Barbuda in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's exports in kind from Antigua and Barbuda by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.2.3. Exports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's exports from Antigua and Barbuda in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's exports in value from Antigua and Barbuda by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's exports, $ US/kg
    1. 6.2.4.1. Annual dynamics of average price of product's exports from Antigua and Barbuda, 2018-2024, $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's exports from Antigua and Barbuda by countries, 2018-2024, $ US/kg
7. Imports
1. 7.1. Imports (Direct Data*)
  1. 7.1.1. Imports - Total information
  2. 7.1.2. Imports in kind, t
    1. 7.1.2.1. Annual dynamics of product's imports to Antigua and Barbuda in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's imports in kind to Antigua and Barbuda by countries, 2018-2024, t
    3. 7.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.1.3. Imports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's imports to Antigua and Barbuda in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's imports in value to Antigua and Barbuda by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's imports, $ US/kg
    1. 7.1.4.1. Annual dynamics of average price of product's imports to Antigua and Barbuda, 2018-2024, $ US/kg
    2. 7.1.4.2. Dynamics of average price of product's imports to Antigua and Barbuda by countries, 2018-2024, $ US/kg
2. 7.2. Imports (Mirror Data)
  1. 7.2.1. Imports - Total information
  2. 7.2.2. Imports in kind, t
    1. 7.2.2.1. Annual dynamics of product's imports to Antigua and Barbuda in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's imports in kind to Antigua and Barbuda by countries, 2018-2024, t
    3. 7.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.2.3. Imports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's imports to Antigua and Barbuda in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's imports in value to Antigua and Barbuda by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's imports, $ US/kg
    1. 7.2.4.1. Annual dynamics of average price of product's imports to Antigua and Barbuda, 2018-2024, $ US/kg
    2. 7.2.4.2. Dynamics of average price of product's imports to Antigua and Barbuda by countries, 2018-2024, $ US/kg
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. 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 Caribbean

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

Caribbean's castor oil and fractions production has increased for the third consecutive year. In 2020, production reached 593.5 t, remaining virtually unchanged from 2019.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	0.5%	1.1%	0.4%	0.7%

Source: SHEV.io

Exports castor oil and fractions from Caribbean

Exports in kind, t

The market exhibited volatility during the observed period. Exports bottomed in 2018 at 26.3 t and peaked in 2020 at 263.8 t, representing a tenfold difference. In 2020, exports were 627.9% higher than in 2019. The largest decline occurred in 2018, at 4.3%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(4.3%)	37.8%	627.9%	112.6%

Source: SHEV.io

From 2017 to 2020, the United States dominated exports in kind, accounting for 88.1% of total flows, with other markets forming a fragmented tail.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, K $ US

Caribbean's castor oil and fractions export value has risen for the third consecutive year. In 2020, export value amounted to 407.7 K $ US, up 13.2% from 2019. Over the 2017-2020 period, exports increased by 86.2%, with a compound annual growth rate of 23.0%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	14.6%	43.5%	13.2%	23.0%

Source: SHEV.io

From 2017 to 2020, the United States was the primary destination for exports in value terms, representing 70.8% of total flows, while other markets comprised a long tail of smaller partners.

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

Source: SHEV.io

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

Source: SHEV.io

Imports castor oil and fractions to Caribbean

Imports in kind, t

Caribbean's castor oil and fractions imports have declined for the second consecutive year. In 2020, imports totaled approximately 70.9 t, marking a notable 12.4% decrease from the previous year. Between 2017 and 2020, imports fell by 25.2%, equivalent to an annualized rate of 9.2%. The maximum value was recorded in 2018 at 123.7 t. The largest decline occurred in 2019 at 34.5%, while the largest increase was in 2018 at 30.3%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	30.3%	(34.5%)	(12.4%)	(9.2%)

Source: SHEV.io

From 2017 to 2020, India (65.5% of imports in kind), the United States (12.6%), and Spain (4.9%) were the leading sources in the import structure, together accounting for 83.0% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, K $ US

Caribbean's castor oil and fractions import value has decreased for the second consecutive year. In 2020, imports amounted to 209.2 K $ US, down 37.2% from the previous year. Between 2017 and 2020, imports declined by 21.9%, equating to an annualized rate of 7.9%. The maximum value was recorded in 2018 at 366.7 K $ US, with the largest increase also in 2018 at 36.9%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	36.9%	(9.2%)	(37.2%)	(7.9%)

Source: SHEV.io

From 2017 to 2020, India (48.2% of imports in value terms), the United States (18.5%), and Belgium (9.2%) consistently remained the main sources for imports, together representing 75.9% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io