Market research

Castor seeds market in the Philippines

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

The castor seeds market in the Philippines showed a consistent downward trend in volume from 2018 to 2023. Beginning at 39,900 kg, the market size gradually contracted over the period, reaching 33,670 kg by 2023.

In 2019, the market volume fell sharply to 23,072 kg, a decline driven by exports of 15,428 kg that reduced domestic availability. While volume partially recovered in 2020, it remained below the 2018 level and continued to decrease in the following years.

From 2020 onward, the market experienced steady annual declines, with the 2023 volume representing a 15% reduction compared to 2018. This pattern indicates a sustained contraction in the domestic castor seeds sector during the observed period.

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 the Philippines
  1. 5.1.1. Annual dynamics of production in the Philippines in kind, 2018-2023, kg
  2. 5.1.2. Annual dynamics of production in the Philippines 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, kg
  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, kg
  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 the Philippines in kind, 2018-2024, kg
    2. 6.1.2.2. Dynamics of product's exports in kind from the Philippines 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, $ US
    1. 6.1.3.1. Annual dynamics of product's exports from the Philippines in value, 2018-2024, $ US
    2. 6.1.3.2. Dynamics of product's exports in value from the Philippines by countries, 2018-2024, $ 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/t
    1. 6.1.4.1. Annual dynamics of average price of product's exports from the Philippines, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's exports from the Philippines by countries, 2018-2024, $ US/t
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 the Philippines in kind, 2018-2024, kg
    2. 6.2.2.2. Dynamics of product's exports in kind from the Philippines 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, $ US
    1. 6.2.3.1. Annual dynamics of product's exports from the Philippines in value, 2018-2024, $ US
    2. 6.2.3.2. Dynamics of product's exports in value from the Philippines by countries, 2018-2024, $ 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/t
    1. 6.2.4.1. Annual dynamics of average price of product's exports from the Philippines, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's exports from the Philippines 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 the Philippines

In kind, 2017-2020, kg

From 2017 to 2020, the Philippines ranked as the 30th largest producer of castor seeds globally.

Top producers of castor seeds, 2017-2020

Source: SHEV.io

World map of production of castor seeds, 2017-2020

Source: SHEV.io

Castor seed production in the Philippines fell for the second year in a row. In 2020, the country produced 37 440 kg, marking a slight decrease of 2.8% from 2019. Over the 2017-2020 period, production dropped by 3.6%, with an average annual decline of 1.2%. The highest output was in 2018 at 39 900 kg, which saw a 2.7% increase. The sharpest drop occurred in 2019, with a 3.5% reduction.

Annual dynamics of production in the Philippines in kind, 2017-2020, kg

Parameter		2018	2019	2020	CAGR
1	Change from last year	2.7%	(3.5%)	(2.8%)	(1.2%)

Source: SHEV.io

Exports castor seeds from the Philippines

Exports in kind, t

In 2019, the Philippines exported 15.4 t of castor seeds, holding steady compared to 2018. From 2017 to 2019, exports plummeted by 92.1%, translating to an average annual decrease of 57.0%.

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

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

Source: SHEV.io

Between 2017 and 2020, China and Asia, not elsewhere specified, formed the core of the Philippines' castor seed exports in volume, together representing 100.0% of total shipments.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, K $ US

In 2019, the Philippines exported castor seeds worth 29.5 K $ US, maintaining the same level as the previous year. From 2017 to 2019, export value fell by 87.7%, equivalent to an annualized decline of 50.3%.

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

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

Source: SHEV.io

Throughout 2017-2020, the export value structure was dominated by China and Asia, not elsewhere specified, which together accounted for 100.0% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io