Past Supply and Present Demand Although castor oil is an industrial raw material or intermediate input, there are no industries in Ethiopia which make use of it. Therefore, it has no market potential locally at present, and there is no indication that it will be demanded in meaningful quantity in the near future.
Where does castor plant grow in Ethiopia?
Ethiopia is a land of diversified plants origins and castor plant is amongst the native plants to the Ethiopian region of tropical East Africa and it grows naturally and abundantly in the highlands (Alemaw et al. 2014) and some lowland rural areas of southern parts of Ethiopia.
Which country exports castor oil?
India is the leading producer and exporter of castor oil in the world, followed by China and Brazil. The present annual world trade in castor oil is estimated from 800,000 tonnes to one million tonnes per annum. The major importers of castor oil in the world market are European Union, US and Japan.
What is the global demand for castor oil?
The present annual world trade in castor oil is estimated from 800,000 tonnes to one million tonnes per annum. The major importers of castor oil in the world market are European Union, US and Japan. The world demand for castor oil is estimated to grow at the rate of 5 to 7% per annum.