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Home > Blog > Tips for exportation of castor oil, a kind of lube oil

Tips for exportation of castor oil, a kind of lube oil

You have already received a concise but useful introduction to castor oil if you have read, on the Wake Marine website's blog, the post titled… well, 'Read about the lubeoil known as castor oil'. However, we think that there are many more - and as yet unrevealed on this blog – useful pieces of advice for exportation of castor oil. You can read such pieces below, prior to mulling over the idea of using ocean freight shipping carried out by Wake Marine to export castor oil to other countries.

 

Avoid metaphorically "taking coals to Newcastle"

If you do choose to export castor oil with use of liquid cargo transport services from Wake Marine, which countries should you export to? As a general rule, it is a bad idea to attempt to export to countries that produce lots of castor oil, as they are likely to already have more than enough of this lubeoil for their own use. It would be that familiar "taking coals to Newcastle"folly. On the other hand, it can be a much better idea to try to export to countries that consume high levels of castor oil, as you are more likely to find good markets there for the substance even if there are already many other countries, people and organisations regularly supplying them with castor oil.

 

Where to export to? Where not to export to?

The world's countries that import the most castor oil include industrial countries, among them the United States, Germany, France and the Netherlands. In fact, these countries, along with the UK, have been recorded as together responsible for 61% of annual consumption of castor oil. It is therefore recommended that you try, with use of liquid transport services from Wake Marine, exporting this type of lube oil to the above mentioned four countries.

Which countries should you cross off the list of places to primarily consider attempting exportation of castor oil to? The castor plant grows most prominently in India, China, Brazil, Ethiopia, Mozambique, Thailand, Paraguay, Vietnam and Pakistan. The first three countries in this list have actually been said to have been together responsible for 90% of the world's total castor production, which has been recorded as measuring over 1.55 million tons. India could be especially worth crossing off the aforementioned list, as it has been reported as contributing 69% of the world's total castor production. We hope that you remember to keep many of these figures in mind before you decide to seek to use liquid cargo ship services from Wake Marine.