Castor Oil Market Intelligence


With this purchase you will be subscribed for a 12-month PRO membership to the upcoming all new Beroe LiVE (launching in Q3, 2020)


 No Additional Benefits

Subscription Benefits:

  • PRO access to New Beroe LiVE*
  • Unlimited updates on the Report*
  • Supplier Watchlist for 3 suppliers*
  • Supplier Shortlisting Tool*

With this purchase you will be subscribed for a 12-month PRO membership to the upcoming all new Beroe LiVE (launching in Q3, 2020)


*These features will be unlocked on the new Beroe LiVE when it launches (Q3, 2020)

Are you looking for answers on Castor Oil category?

Are you looking for answers on Castor Oil category?

  • What are the key trends in Castor Oil category?
  • Am I paying the right price?
  • Am I working with the right supplier?
  • What are the major challenges and risks in Castor Oil industry?
  • How is Castor Oil industry performing?

Over 50,000+ users trust Beroe

Report Coverage

  • Supply–Demand Dynamics: Global
  • Supply–Demand Dynamics: Latin America
  • Cost Drivers Analysis: Castor Oil

Market Size

Global Market Size

$1.8 Bn


4 Percent

Table of contents

  1. Castor Oil Client insight summary
  1. Castor Oil Category Intellegence summary
  1. Castor Oil Market Analysis
  1. Castor Oil Cost Driver Analysis

Want a more detailed personalised report?

Global market outlook of Castor oil

Major sourcing destinations for castor oil are India, China, and Brazil. India contributes to about 90 percent of world's production of castor oil, followed by Brazil and China.Global castor oil market supply is 0.6–0.7 Mn T and Brazil's current domestic supply meets only 72 percent of its demand. Higher production and transportation costs had reflected in lower margin for suppliers, propelling the market to an unattractive position for the domestic manufacturers. Consequently, a higher price premium than the existing buyers of the market could give an edge for buying in the domestic market.

  • Prices are hiking up this year with decreased supply and are expected to decrease slightly with new arrivals by the end of the year
  • Seed cost is expected to increase slightly later this year, owing to decreased retention rates for sowing
  • Supply has been observed to consecutively decline in the past few years, owing to shift in cultivation to more remunerative crops, especially in India
  • Demand for castor seeds is expected to increase drastically with increase in application of end-use industries of castor oil and its derivatives (primarily Sebacic acid)
  • Risk associated with season have high influences in crop production, especially at the time of sowing

Supply–Demand Dynamics: Global

Castor oil prices are expected to soar in 2017–2018, owing to the huge gap in supply–demand curve, however, the import market is expected to stagnate this season.Castor oil supply declined by 7 percent and beyond this year, as a reflection of drastic price slumps over 2015–2016. World imports have been observed to be increasing from 2015 by 14 percent in 2015–2016 and 6 percent in 2016–2017, due to fall in prices.Lower prices for castor oil in 2015–2016, due to excess supply, reflected in huge drop in the crop cultivation of 2016–2017 in India, Brazil, China, and other countries.Increasing trend in global consumption of castor oil in the import market has come to a halt this year at 690 Thd T, owing to excess stocks accumulated with higher purchases in 2015–2017

Supply–Demand Dynamics: Latin America 

In spite of being one of the major supplying regions, Latin America loses its competitiveness with India, as the region's domestic consumption exceeds the supply.Castor seed production growth targets in Brazil, the key producing country in Latin America, has not been accomplished in 2016–2017 and has declined beyond 35 percent this year.Latin America currently contributes to approx. 25 Thd T of castor oil supply, the world's largest supplier in 1970–1980s. Imports surged in 2016–2017 beyond 50 percent to meet the raising demand in the region.Production in Brazil for castor seed and oil has been curbed over the years, owing to several factors, as in poor yields/ha, higher production costs, and transportation costs.Financial assistance from the government to promote castor cultivation for use of castor oil in biodiesel industry has been terminated, owing to high cost of cultivation. This has further decreased the attractiveness for castor in Brazil

With this purchase you will be subscribed for a 12-month PRO membership to the upcoming all new Beroe LiVE (launching in Q3, 2020)


Complimentary 12-month access to Beroe LiVE

Any more questions?

Get in touch with us quickly and easily.


COVID-19: Assess impact on your suppliers and ensure business continuity with Beroe’s WIRE
(World Instant Risk Exposure)