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U.S. - Linseed Oil - Market Analysis, Forecast, Size, Trends and Insights
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Article Publishing Date: Nov 8, 2022
U.S. Linseed Oil Price Up 4.8% to $4.5K per Ton
U.S. Linseed Oil Import Price per Ton in September 2022
In September 2022, the linseed oil price per ton stood at $4.5K (CIF, US), rising by 4.8% against the previous month. Overall, import price indicated noticeable growth from January 2022 to September 2022: its price increased at an average monthly rate of +4.1% over the last eight-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, linseed oil import price increased by +4.9% against June 2022 indices. The pace of growth was the most pronounced in April 2022 when the average import price increased by 86% against the previous month. As a result, import price reached the peak level of $7.7K per ton. From May 2022 to September 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Canada ($4.7K per ton), while the price for Belgium ($2.4K per ton) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was attained by Turkey (+8.7%), while the prices for the other major suppliers experienced mixed trend patterns.
U.S. Linseed Oil Import Prices by Type
Average prices varied somewhat amongst the major supplied products. In September 2022, the product with the highest price was vegetable oils; linseed oil and its fractions, other than crude, whether or not refined, but not chemically modified ($4.5K per ton), while the price for vegetable oils; linseed oil and its fractions, crude, not chemically modified stood at $3.0K per ton.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was attained by vegetable oils; linseed oil and its fractions, other than crude, whether or not refined, but not chemically modified (+4.5%).
U.S. Linseed Oil Imports
In September 2022, linseed oil imports into the United States surged to 1.3K tons, rising by 248% on August 2022. In general, imports saw buoyant growth. The pace of growth appeared the most rapid in June 2022 with an increase of 385% month-to-month. Over the period under review, imports reached the maximum in September 2022.
In value terms, linseed oil imports skyrocketed to $5.9M (IndexBox estimates) in September 2022. Overall, imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in March 2022 when imports increased by 356% against the previous month. Imports peaked in September 2022.
U.S. Linseed Oil Imports by Type
In September 2022, vegetable oils; linseed oil and its fractions, other than crude, whether or not refined, but not chemically modified (1.3K tons) was the main type of linseed oil supplied to the United States, with a 96% share of total imports. Moreover, vegetable oils; linseed oil and its fractions, other than crude, whether or not refined, but not chemically modified exceeded the figures recorded for the second-largest type, vegetable oils; linseed oil and its fractions, crude, not chemically modified (49 tons), more than tenfold.
From January 2022 to September 2022, the average monthly rate of growth in terms of the volume of import of vegetable oils; linseed oil and its fractions, other than crude, whether or not refined, but not chemically modified totaled +15.2%.
In value terms, vegetable oils; linseed oil and its fractions, other than crude, whether or not refined, but not chemically modified ($5.8M) constituted the largest type of linseed oil supplied to the United States, comprising 97% of total imports. The second position in the ranking was taken by vegetable oils; linseed oil and its fractions, crude, not chemically modified ($149K), with a 2.5% share of total imports.
U.S. Linseed Oil Imports by Country
In September 2022, Turkey (1K tons) constituted the largest linseed oil supplier to the United States, with a 77% share of total imports. Moreover, linseed oil imports from Turkey exceeded the figures recorded by the second-largest supplier, China (158 tons), sixfold. Canada (115 tons) ranked third in terms of total imports with an 8.7% share.
From January 2022 to September 2022, the average monthly rate of growth in terms of volume from Turkey stood at +18.7%. The remaining supplying countries recorded the following average monthly rates of imports growth: China (+10.0% per month) and Canada (+5.2% per month).
In value terms, Turkey ($4.6M) constituted the largest supplier of linseed oil to the United States, comprising 78% of total imports. The second position in the ranking was held by China ($647K), with an 11% share of total imports. It was followed by Canada, with a 9.2% share.
From January 2022 to September 2022, the average monthly rate of growth in terms of value from Turkey amounted to +29.0%. The remaining supplying countries recorded the following average monthly rates of imports growth: China (+13.2% per month) and Canada (+3.6% per month).
This report provides an in-depth analysis of the linseed oil market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
• FCL 334 - Oil of Linseed
Country coverage:
• United States
Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the U.S.
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles
Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
2.1
KEY FINDINGS
2.2
MARKET TRENDS
This Chapter is Available Only for the Professional Edition
PRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2022
Figure 21:
Production, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, 2012–2022
Figure 23:
Imports, In Value Terms, 2012–2022
Figure 24:
Imports, In Physical Terms, By Country, 2022
Figure 25:
Imports, In Physical Terms, By Country, 2012–2022
Figure 26:
Imports, In Value Terms, By Country, 2012–2022
Figure 27:
Import Prices, By Country Of Origin, 2012–2022
Figure 28:
Exports, In Physical Terms, 2012–2022
Figure 29:
Exports, In Value Terms, 2012–2022
Figure 30:
Exports, In Physical Terms, By Country, 2022
Figure 31:
Exports, In Physical Terms, By Country, 2012–2022
Figure 32:
Exports, In Value Terms, By Country, 2012–2022
Figure 33:
Export Prices, By Country Of Destination, 2012–2022
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