What is the price of castor oil per kilogram/pound in Turkey today?
The retail price range for Turkey castor oil is between US$ 4.54 and US$ 20.17 per kilogram or between US$ 2.06 and US$ 9.15 per pound(lb). Click here to see today's exact prices of castor oil in Turkey
The retail price range in Turkish Lira for castor oil is between TRY 89.98 and TRY 399.52 per kilogram or between TRY 40.81 and TRY 181.19 per pound(lb) in Ankara and Istanbul.
Wholesale prices
In 2024, the approximate wholesale price range for Turkey castor oil is between US$ 3.18 and US$ 14.12 per kilogram or between US$ 1.44 and US$ 6.40 per pound(lb).
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Turkey Castor Oil Export Prices - Historical, Trends and Prediction
The export price of Castor Oil from Turkey over the last five years has been relatively stable. In 2017, the price was 2.67 US$ per kg, followed by 2.28 US$ per kg in 2018. In 2019, the price dropped to 2.05 US$ per kg, before increasing to 2.18 US$ per kg in 2020. The price then rose to 2.22 US$ per kg in 2021, before reaching its highest point of 2.86 US$ per kg in 2022. Based on this trend, it is likely that the export price of Castor Oil from Turkey will remain around 2.86 US$ per kg in 2023 and 2024.The exports of castor oil from Turkey are categorised as:
- Castor oil and fractions thereof, whether or not refined, but not chemically modified (HS code 151530)
Turkey Castor Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Castor Oil into Turkey has been relatively stable over the last five years. In 2017, the price was 2.67 US dollars per kilogram, followed by a slight decrease to 2.28 US dollars per kilogram in 2018. In 2019, the price dropped further to 2.05 US dollars per kilogram, before increasing to 2.18 US dollars per kilogram in 2020. The price then rose again to 2.22 US dollars per kilogram in 2021, before reaching its highest point of 2.86 US dollars per kilogram in 2022. Based on this trend, it is predicted that the import price per kilogram of Castor Oil into Turkey will be 2.90 US dollars in 2023 and 2.94 US dollars in 2024.Export values for Turkey castor oil
The total values in export for castor oil in Turkey were US$ 83, US$ 184, US$ 677 and US$ 704 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Turkey: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of castor oil in other countries across Middle East: Bahrain castor oil, Cyprus castor oil, Iraq castor oil, Israel castor oil, Jordan castor oil, Kuwait castor oil, Lebanon castor oil, Palestine castor oil, Oman castor oil & Qatar castor oil.
Turkey castor oil - Production, Exports, Imports, Seasons and HS Codes
The quantity of castor oil sold by Turkey in 2020 was 77 tonnes. In 2019 Turkey shipped 331 tonnes of castor oil. For 2019 alone, the interest in Turkey castor oil (processed category) has escalated, recording a change of 11.448 percent compared to the year 2018. Between 2017 and 2019, castor oil's exports increased by 379.71 percent netting Turkey US$0.70m for the year 2019. Turkey's castor oil exports are categorised as:
- Castor oil and fractions thereof, whether or not refined, but not chemically modified (HS code 151530)
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Turkey castor oil export values
In 2019, Turkey exported castor oil worth 0.70m USD, a surge of 3.40% from 2018's total castor oil export of 0.677m USD. The yearly increase in value of Turkey castor oil between 2017 to 2018 was 267.935 per cent.
The annual change in the quantity of Turkey's castor oil exports between 2017 and 2019 was 379.71 per cent when compared to a variation of 11.448% in the growth rate between 2018 and 2019.
Export markets for Turkey castor oil ( in '000$ )
Turkey's top destinations for castor oil are Iran, Iraq, Austria, Syria and Turkmenistan.
Turkey purchased 5,227 tonnes of castor oil in 2019.