Market research

Castor oil and fractions market in Ecuador

$Castor oil and fractions market in Ecuador$

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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Earlier Report Observations

From 2018 to 2021, the castor oil market in Ecuador expanded steadily, with volume rising from 909 tons to 1 021 tons. Growth was most pronounced in 2019, adding 54 tons, before moderating to a 2% increase in 2021. The market then experienced a slight contraction in 2022, dipping to 1 000 tons.

A sharp rebound occurred in 2023, with market volume jumping to 1 097 tons, a nearly 10% increase over the previous year. This surge was driven by global shifts toward natural and eco-friendly products, particularly in cosmetics and personal care, where castor oil is valued for its moisturizing and therapeutic properties. Additionally, growing research into medical applications and its use as a feedstock for bio-based plastics and lubricants broadened demand. The global focus on sustainability and bio-based materials further supported this expansion, as did interest in castor oil as a preferred raw material for biodiesel due to its high oil content and favorable fatty acid composition.

Into 2024, trade activity continued with imports recorded, reflecting ongoing commercial interest. Global trends favoring natural and sustainable products persisted, influencing the Ecuadorian market.

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 Ecuador
  1. 5.1.1. Annual dynamics of production in Ecuador in kind, 2018-2023, t
  2. 5.1.2. Annual dynamics of production in Ecuador in value, 2018-2023, $ US
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, kg
    1. 6.1.2.1. Annual dynamics of product's exports from Ecuador in kind, 2018-2024, kg
    2. 6.1.2.2. Dynamics of product's exports in kind from Ecuador by countries, 2018-2024, kg
    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 Ecuador in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's exports in value from Ecuador 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 Ecuador, 2018-2024, $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's exports from Ecuador 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, kg
    1. 6.2.2.1. Annual dynamics of product's exports from Ecuador in kind, 2018-2024, kg
    2. 6.2.2.2. Dynamics of product's exports in kind from Ecuador by countries, 2018-2024, kg
    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 Ecuador in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's exports in value from Ecuador 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 Ecuador, 2018-2024, $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's exports from Ecuador 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, kg
    1. 7.1.2.1. Annual dynamics of product's imports to Ecuador in kind, 2018-2024, kg
    2. 7.1.2.2. Dynamics of product's imports in kind to Ecuador by countries, 2018-2024, kg
    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 Ecuador in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's imports in value to Ecuador 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 Ecuador, 2018-2024, $ US/kg
    2. 7.1.4.2. Dynamics of average price of product's imports to Ecuador 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, kg
    1. 7.2.2.1. Annual dynamics of product's imports to Ecuador in kind, 2018-2024, kg
    2. 7.2.2.2. Dynamics of product's imports in kind to Ecuador by countries, 2018-2024, kg
    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 Ecuador in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's imports in value to Ecuador 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 Ecuador, 2018-2024, $ US/kg
    2. 7.2.4.2. Dynamics of average price of product's imports to Ecuador by countries, 2018-2024, $ US/kg
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, kg
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, kg
  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 Ecuador

In kind, 2017-2020, t

Ecuador was among the world's leading producers of castor oil and fractions from 2017 to 2020, ranking 9th globally by production volume.

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

In 2020, Ecuador produced 1 000 tonnes of castor oil and fractions, showing no significant change compared to 2019. The largest decline occurred in 2018, at 0.0%, while the largest increase was also recorded in 2018, at 0.0%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	-	-	-	-

Source: SHEV.io

Exports castor oil and fractions from Ecuador

Exports in kind, t

Castor oil and fractions exports from Ecuador declined for the third consecutive year. In 2020, export volume reached 0.7 tonnes, down 98.4% year-over-year. Between 2017 and 2020, exports decreased by 99.5%, equating to an annualized rate of 82.5%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(25.0%)	(55.6%)	(98.4%)	(82.5%)

Source: SHEV.io

From 2017 to 2020, Colombia was by far the main destination for Ecuador's castor oil and fractions exports in kind, accounting for 99.2% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, K $ US

Ecuador's castor oil and fractions export volume declined for the third consecutive year. In 2020, Ecuador exported 13.6 thousand US dollars worth of castor oil and fractions, marking an 86.9% decline compared to 2019. Between 2017 and 2020, exports decreased by 94.2%, equating to an annualized rate of 61.4%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(18.6%)	(45.9%)	(86.9%)	(61.4%)

Source: SHEV.io

From 2017 to 2020, Colombia effectively monopolized Ecuador's castor oil and fractions exports in value terms, taking 93.9% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io

Imports castor oil and fractions to Ecuador

Imports in kind, t

There were noticeable fluctuations in market performance during this period. The maximum import volume was recorded in 2019 at 4.4 tonnes, while in 2020, Ecuador imported 0.3 tonnes of castor oil and fractions, which is 94.2% lower than the previous year. The span from 2019 to 2020 saw a peak-to-trough amplitude of 17 times. The largest increase was recorded in 2018 at 86.8%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	86.8%	76.0%	(94.2%)	(42.4%)

Source: SHEV.io

From 2017 to 2020, imports in kind of castor oil and fractions to Ecuador were largely concentrated on Denmark, which accounted for 79.6% of total flows; other countries together formed the residual share.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, K $ US

There were noticeable fluctuations in market performance during this period. The maximum import value was recorded in 2019 at 14.2 thousand US dollars, while in 2020, Ecuador's castor oil and fractions imports totalled 1.5 thousand US dollars, representing a sharp decline of 89.3% compared to 2019. Import levels fluctuated 9.3 times between the high of 2019 and the low of 2020. The largest increase was recorded in 2019 at 104.3%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	28.3%	104.3%	(89.3%)	(34.6%)

Source: SHEV.io

From 2017 to 2020, Denmark and the United States together accounted for 96.9% of total imports in value terms, with other countries forming a diversified but less significant tail.

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

Source: SHEV.io

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

Source: SHEV.io