Castor Oil Prices in Madagascar
| Variety | Market level | Price (US$/kg) | Local (MGA) | MoM | YoY | Source |
|---|---|---|---|---|---|---|
| - | Export (unit value) | 4.51 | 19,938 | ▼ 4.3% | ▼ 4.3% | UN Comtrade (unit value) |
As of June 2026, the castor oil price in Madagascar available is US$ 4.51 per kg (19,938 MGA), down 4.3% year-on-year.
Madagascar exported 3 tonnes of castor oil in 2024, valued at US$13,991, ranking 45th among 75 exporters and accounting for 0.0% of global exports, with a 70.1% year-on-year decline. The country is a net exporter and produced 2,821 tonnes of castor oil in 2024, ranking 17th globally and representing 0.2% of world output, with a slight 0.5% increase from the previous year. The latest export unit value is US$4.5059 per kg.
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Castor Oil Price History & Trend
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Production, Exports, Imports & HS Codes - castor oil in Madagascar
Madagascar exported 3 tonnes of castor oil in 2024, valued at US$13,991, ranking 45th among 75 exporters and accounting for 0.0% of global exports, with a 70.1% year-on-year decline. The country is a net exporter and produced 2,821 tonnes of castor oil in 2024, ranking 17th globally and representing 0.2% of world output, with a slight 0.5% increase from the previous year. The latest export unit value is US$4.5059 per kg.
Exports UN Comtrade · 2024
In 2024, Madagascar exported $14K (3.1 t) of castor oil▼ 70.1% YoY. That ranks #45 worldwide (0% of global exports).
Export value by year (US$)
Export volume by year
Top castor oil exporters worldwide UN Comtrade · 2024
- #1 India $1.04B · 87.5%
- #2 Netherlands $46.3M · 3.9%
- #3 Germany $27.1M · 2.3%
- #4 France $21.7M · 1.8%
- #5 US $14.6M · 1.2%
Annual export data Madagascar · UN Comtrade
| Year | Export value (US$) | Volume | Avg price/kg |
|---|---|---|---|
| 2024 | $14K | 3.1 t | $4.51 |
| 2023 | $46.8K | 9.9 t | $4.71 |
| 2022 | $27.3K | 5.9 t | $4.61 |
| 2021 | $854 | 0.4 t | $2.06 |
| 2020 | $36.3K | 5.7 t | $6.34 |
Production FAOSTAT · 2024
Madagascar produced 2.8 kt of castor oil in 2024▲ 0.5% YoY. It ranks #17 among producing countries (0.2% of world output).
Production by year (tonnes)
HS Code
castor oil is traded under Harmonized System code 1515.30. Trade figures above are compiled for this HS heading.
Sources: trade & HS - UN Comtrade; production - FAOSTAT (FAO). Values are official reported figures.