Market research

Castor oil and fractions market in India

$Castor oil and fractions market in India$

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

Production of castor oil in India began the period strongly in 2018 at 777.4 thousand tonnes, supported by the entry of a new player, Rajgor Castor Derivatives Ltd, and the ongoing operations of established manufacturers like Arvalli Castor Derivatives. Domestic market volume was 181.8 thousand tonnes that year. Output and market size then contracted in 2019 before recovering in 2020, with production reaching 814.2 thousand tonnes and domestic consumption 155.9 thousand tonnes.

The market continued its expansion from 2021 to 2023, with production volumes peaking at 855.6 thousand tonnes in 2021. Although production dipped in 2022, the domestic market volume grew steadily throughout these three years, reaching 193.7 thousand tonnes in 2023. India's position as the world's largest exporter was reinforced, with exports of 629.8 thousand tonnes in 2023, backed by major producers like Royal Castor Products Limited. In value terms, the domestic market reached USD 333 million in 2022 before a slight correction to USD 311 million in 2023.

In 2024, the export volume remained high at 701.6 thousand tonnes. The industry context was marked by a strategic shift in the value chain from commodity trade toward higher-margin specialty chemicals and polymers, focusing on the chemical potential of Ricinoleic Acid. This transition occurred alongside clarified GST tax classifications for edible and non-edible castor oil grades under specific HSN codes, affecting compliance.

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. 4.1.2. 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. Production
1. 5.1. Production in India
  1. 5.1.1. Annual dynamics of production in India in kind, 2018-2023, K t
  2. 5.1.2. Annual dynamics of production in India 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, K 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, K 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. Imports
1. 6.1. Imports (Direct Data*)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, K t
    1. 6.1.2.1. Annual dynamics of product's imports to India in kind, 2018-2024, K t
    2. 6.1.2.2. Dynamics of product's imports in kind to India by countries, 2018-2024, K t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, M $ US
    1. 6.1.3.1. Annual dynamics of product's imports to India in value, 2018-2024, M $ US
    2. 6.1.3.2. Dynamics of product's imports in value to India by countries, 2018-2024, M $ 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/kg
    1. 6.1.4.1. Annual dynamics of average price of product's imports to India, 2018-2024, $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's imports to India by countries, 2018-2024, $ US/kg
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, K t
    1. 6.2.2.1. Annual dynamics of product's imports to India in kind, 2018-2024, K t
    2. 6.2.2.2. Dynamics of product's imports in kind to India by countries, 2018-2024, K t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, M $ US
    1. 6.2.3.1. Annual dynamics of product's imports to India in value, 2018-2024, M $ US
    2. 6.2.3.2. Dynamics of product's imports in value to India by countries, 2018-2024, M $ 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/kg
    1. 6.2.4.1. Annual dynamics of average price of product's imports to India, 2018-2024, $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's imports to India by countries, 2018-2024, $ US/kg
7. Exports
1. 7.1. Exports (Direct Data*)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, K t
    1. 7.1.2.1. Annual dynamics of product's exports from India in kind, 2018-2024, K t
    2. 7.1.2.2. Dynamics of product's exports in kind from India by countries, 2018-2024, K t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, M $ US
    1. 7.1.3.1. Annual dynamics of product's exports from India in value, 2018-2024, M $ US
    2. 7.1.3.2. Dynamics of product's exports in value from India by countries, 2018-2024, M $ 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/kg
    1. 7.1.4.1. Annual dynamics of average price of product's exports from India, 2018-2024, $ US/kg
    2. 7.1.4.2. Dynamics of average price of product's exports from India by countries, 2018-2024, $ US/kg
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, K t
    1. 7.2.2.1. Annual dynamics of product's exports from India in kind, 2018-2024, K t
    2. 7.2.2.2. Dynamics of product's exports in kind from India by countries, 2018-2024, K t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, M $ US
    1. 7.2.3.1. Annual dynamics of product's exports from India in value, 2018-2024, M $ US
    2. 7.2.3.2. Dynamics of product's exports in value from India by countries, 2018-2024, M $ 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/kg
    1. 7.2.4.1. Annual dynamics of average price of product's exports from India, 2018-2024, $ US/kg
    2. 7.2.4.2. Dynamics of average price of product's exports from India by countries, 2018-2024, $ US/kg
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, K t
  2. 8.1.2. In value, M $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, K t
  2. 8.2.2. In value, M $ 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 India

In kind, 2017-2020, K t

India was the world's leading producer of castor oil and fractions from 2017 to 2020.

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

Following a two-year decline, India's production of castor oil and fractions rebounded in 2020. The country produced 814.2 K t that year, marking a 22.1% increase from 2019. Over the 2017–2020 period, production grew by 2.6%, averaging an annualized rate of 0.9%. The lowest production level was recorded in 2019 at 667.0 K t, which also saw the largest decline of 14.2%.

Annual dynamics of production in India in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(2.0%)	(14.2%)	22.1%	0.9%

Source: SHEV.io

In value, 2017-2020, M $ US

India's castor oil and fractions production value declined for the third consecutive year in 2020. Output was valued at 988 M $ US, down 5.4% from 2019. From 2017 to 2020, production value fell by 13.8%, with a compound annual growth rate of -4.8%.

Annual dynamics of production in India in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(6.5%)	(2.5%)	(5.4%)	(4.8%)

Source: SHEV.io

Exports castor oil and fractions from India

Exports in kind, K t

After a two-year drop, India's exports of castor oil and fractions increased in 2020. The country shipped 658.3 K t, a 20.3% rise compared to 2019. Over the 2017–2020 period, exports grew by 5%, with a compound annual growth rate of 1.6%. The lowest export volume was in 2019 at 547.1 K t, which also experienced the largest decline of 8.2%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(4.9%)	(8.2%)	20.3%	1.6%

Source: SHEV.io

From 2017 to 2020, China, the Netherlands, and France were the core destinations for India's castor oil and fractions exports in volume terms. China accounted for 46.0% of exports, the Netherlands for 14.2%, and France for 10.2%, together representing 70.4% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, M $ US

In 2020, India's castor oil and fractions export value was 799.0 M $ US, down 6.8% from the previous year. Between 2017 and 2020, export value decreased by 11.7%, averaging an annualized decline of 4.1%. The largest drop occurred in 2018 at 9.3%, while the biggest increase was in 2019 at 4.4%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(9.3%)	4.4%	(6.8%)	(4.1%)

Source: SHEV.io

From 2017 to 2020, the top destinations for India's castor oil and fractions exports in value terms were China, the Netherlands, and the United States. China held 45.1% of export value, the Netherlands 14.1%, and the United States 10.2%, collectively accounting for 69.4% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io

Imports castor oil and fractions to India

Imports in kind, K t

India's imports of castor oil and fractions showed volatility from 2017 to 2020. Imports peaked in 2018 at 0.2 K t and fell to 0.0 K t in 2020, representing a 10.1-fold decrease between these years. The 2020 volume marked an 82.5% decline from 2019. The largest increase was recorded in 2018 at 326.1%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	326.1%	(43.1%)	(82.5%)	(24.9%)

Source: SHEV.io

From 2017 to 2020, Malaysia, Egypt, and the United States were the leading suppliers of castor oil and fractions to India in volume terms. Malaysia accounted for 31.9% of imports, Egypt for 18.0%, and the United States for 12.7%, together making up 62.5% of total imports.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, M $ US

India's imports of castor oil and fractions in value terms increased for the third consecutive year in 2020. Import value reached 0.6 M $ US, up 12.4% from 2019. Over the 2017–2020 period, import value surged by 172.4%, with a compound annual growth rate of 39.7%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	60.1%	51.4%	12.4%	39.7%

Source: SHEV.io

From 2017 to 2020, the United States dominated India's castor oil and fractions imports in value terms, capturing 72.0% of total flows. Other countries each held significantly smaller shares.

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

Source: SHEV.io

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

Source: SHEV.io