Which Country Consumes the Most Linseed Oil in the World?

Vegetable And Animal Oils And Fats February 09, 2018
Author: Sergey Avramenko
Head of Global Markets Research Team

Global linseed oil consumption amounted to 676 thousand tonnes in 2015, shrinking by -1.6% against the previous year level. Overall, the global linseed oil consumption indicated a pronounced growth from 2007 to 2015. The trend pattern, however, indicated some noticable fluctuations throughout the analyzed period. The total consumption volume increased at an average annual rate of +2.2%. The growth pace was the most rapid in 2014, when the output figure increased by +16% from the previous year level. In that year, the global linseed oil consumption attained its maximum volume of 686 thousand tonnes, falling back in the following year.

Top Linseed Oil Consuming Countries in the World

1. China (216K Tonnes)

2. Belgium (119K Tonnes)

3. United States of America (106K Tonnes)

4. Turkey (84K Tonnes)

5. Germany (43K Tonnes)

Global Linseed Oil Consumption

In 2015, the countries with the highest consumption were China (216 thousand tonnes), Belgium (119 thousand tonnes), the United States (106 thousand tonnes), together comprising 62% of total consumption. They were followed by Turkey with a 12% of global consumption share and Germany with a 6% share.

From 2007 to 2015, the most notable growth rates of linseed oil consumption among the main consuming countries was attained by China (+12.3% per year), while the other global leaders experienced more modest paces of growth.

The highest levels of linseed oil per capita consumption was registered in Belgium (10.56 kg/year), followed by Turkey (1.06 kg/year), Germany (0.53 kg/year), the United States (0.33 kg/year) and China (0.15 kg/year), while the average per capita consumption of linseed oil was estimated at 0.28 kg/year in 2015.

In Turkey, per capita linseed oil consumption has grown noticably (+32.0% per year) in recent years. In 2015, Turkey per capita consumption reached 10.56 kg/year as compared with 0.12 kg/year in 2007.

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Source: World: Linseed Oil - Market Report. Analysis And Forecast To 2025