Market research

Castor seeds market in Bangladesh

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Submission method: to your account

File format: docx, xlsx

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Earlier Report Observations

The castor seeds market volume in Bangladesh displayed modest fluctuations between 2018 and 2023, with annual figures moving within a narrow band of 275.5 to 282.5 tonnes. Peaks were recorded in 2019 and 2021, both exceeding 282 tonnes.

Following a dip to 275.8 tonnes in 2020, the market regained its previous level the next year. The latter part of the period was marked by stabilization, as volumes settled at 278.8 tonnes in 2022 and 278.2 tonnes in 2023, indicating a consistent supply base.

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 Bangladesh
  1. 5.1.1. Annual dynamics of production in Bangladesh in kind, 2018-2023, t
  2. 5.1.2. Annual dynamics of production in Bangladesh 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. Imports
1. 6.1. Imports (Direct Data*)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, kg
    1. 6.1.2.1. Annual dynamics of product's imports to Bangladesh in kind, 2018-2024, kg
    2. 6.1.2.2. Dynamics of product's imports in kind to Bangladesh by countries, 2018-2024, kg
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Bangladesh in value, 2018-2024, $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Bangladesh by countries, 2018-2024, $ 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 Bangladesh, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Bangladesh 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, kg
    1. 6.2.2.1. Annual dynamics of product's imports to Bangladesh in kind, 2018-2024, kg
    2. 6.2.2.2. Dynamics of product's imports in kind to Bangladesh by countries, 2018-2024, kg
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Bangladesh in value, 2018-2024, $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Bangladesh by countries, 2018-2024, $ 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 Bangladesh, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Bangladesh by countries, 2018-2024, $ US/t
7. Trade balance
1. 7.1. Trade balance (Direct Data)
  1. 7.1.1. In kind, kg
  2. 7.1.2. In value, $ US
2. 7.2. Trade balance (Mirror Data)
  1. 7.2.1. In kind, kg
  2. 7.2.2. In value, $ US
8. Top buying and selling countries, 2018-2024
1. 8.1. Direct Data
  1. 8.1.1. Import in Value by Countries-buyers
  2. 8.1.2. Export in Value by Countries-suppliers
2. 8.2. Mirror Data
  1. 8.2.1. Import in Value by Countries-buyers
  2. 8.2.2. Export in Value by Countries-suppliers

Production castor seeds in Bangladesh

In kind, 2017-2020, t

From 2017 to 2020, Bangladesh ranked 25th globally in castor seed production.

Top producers of castor seeds, 2017-2020

Source: SHEV.io

World map of production of castor seeds, 2017-2020

Source: SHEV.io

Following two years of growth, castor seed production in Bangladesh experienced a decline. In 2020, the country produced 275.8 tonnes of castor seeds, representing a slight decrease of 2.4% compared to the previous year. Over the 2017-2020 period, overall production rose by 2.4%, with a compound annual growth rate of 0.8%. The peak production was recorded in 2019 at 282.5 tonnes, which also saw the largest annual increase of 2.5%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	2.3%	2.5%	(2.4%)	0.8%

Source: SHEV.io

Exports castor seeds from Bangladesh

Industry analysis indicates that Bangladesh did not export any castor seeds between 2017 and 2020.

Imports castor seeds to Bangladesh

Imports in kind, kg

Annual dynamics of product's imports to Bangladesh in kind, 2017-2020, kg

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	n/a	n/a	-

Source: SHEV.io

From 2017 to 2020, Malaysia accounted for nearly the entire geographical structure of castor seed imports into Bangladesh, holding a 100.0% share of total flows.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, $ US

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	n/a	n/a	-

Source: SHEV.io

During 2017-2020, 100.0% of the total value of castor seed imports into Bangladesh was directed to Malaysia, making this market overwhelmingly dominant.

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

Source: SHEV.io

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

Source: SHEV.io