U.S. - Linseed Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingLinseed Oil Price in the United States - 2023
Contents:
- Linseed Oil Price in the United States (FOB) - 2023
- Linseed Oil Price in the United States (CIF) - 2023
- Linseed Oil Exports in the United States
- Linseed Oil Imports in the United States
Linseed Oil Price in the United States (FOB) - 2023
In August 2023, the average linseed oil export price amounted to $2,828 per ton, rising by 4.1% against the previous month. Over the period under review, the export price, however, recorded a slight downturn. The pace of growth was the most pronounced in April 2023 an increase of 22% against the previous month. The export price peaked at $3,496 per ton in August 2022; however, from September 2022 to August 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Brazil ($6,500 per ton), while the average price for exports to Mexico ($2,195 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+4.3%), while the prices for the other major destinations experienced more modest paces of growth.
Linseed Oil Price in the United States (CIF) - 2023
In August 2023, the average linseed oil import price amounted to $3,338 per ton, increasing by 7.9% against the previous month. Over the period under review, the import price, however, recorded a mild decrease. The pace of growth appeared the most rapid in January 2023 an increase of 117% m-o-m. The import price peaked at $5,749 per ton in October 2022; however, from November 2022 to August 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the UK ($6,622 per ton), while the price for Belgium ($1,164 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by the Philippines (+46.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Linseed Oil Exports in the United States
In 2022, shipments abroad of linseed oil decreased by -38.5% to 3.9K tons, falling for the second year in a row after two years of growth. Overall, exports, however, enjoyed a remarkable increase. The growth pace was the most rapid in 2020 with an increase of 171% against the previous year. As a result, the exports reached the peak of 7.9K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, linseed oil exports shrank rapidly to $11M in 2022. In general, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 145% against the previous year.
| Export of Linseed Oil in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 1,747 | 3,767 | 5,206 | 3,375 | 24.5% |
| Mexico | 1,045 | 1,535 | 2,950 | 3,139 | 44.3% |
| Costa Rica | 161 | 82.9 | 266 | 426 | 38.3% |
| Panama | 248 | 34.0 | 217 | 401 | 17.4% |
| Italy | 329 | 230 | 229 | 344 | 1.5% |
| Colombia | 209 | 72.7 | 213 | 264 | 8.1% |
| Nigeria | 5.6 | N/A | N/A | 240 | 250.0% |
| Dominican Republic | 89.6 | 21.1 | 60.2 | 231 | 37.1% |
| Guatemala | 94.1 | 56.2 | 187 | 203 | 29.2% |
| Taiwan (Chinese) | 142 | 593 | 186 | 161 | 4.3% |
| Malaysia | N/A | 108 | 358 | 142 | 14.7% |
| Others | 1,950 | 8,243 | 5,801 | 1,931 | -0.3% |
| Total | 6,020 | 14,743 | 15,673 | 10,858 | 21.7% |
Top Export Markets for Linseed Oil from the United States in 2022:
- Mexico (1417.5 tons)
- Canada (991.6 tons)
- Italy (155.6 tons)
- Costa Rica (146.9 tons)
- Panama (121.8 tons)
- Nigeria (111.6 tons)
- Colombia (79.7 tons)
- Taiwan (Chinese) (75.2 tons)
- Dominican Republic (71.6 tons)
- Guatemala (66.3 tons)
- Malaysia (66.2 tons)
Linseed Oil Imports in the United States
For the fourth year in a row, the United States recorded growth in purchases abroad of linseed oil, which increased by 211% to 7.2K tons in 2022. Over the period under review, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, linseed oil imports skyrocketed to $28M in 2022. In general, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Linseed Oil in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | N/A | N/A | 0.6 | 14.6 | 2333.3% |
| Canada | 4.3 | 4.1 | 5.1 | 7.3 | 19.3% |
| China | 1.5 | 1.3 | 1.9 | 3.4 | 31.4% |
| Philippines | 0.1 | 0.2 | 0.3 | 1.4 | 141.0% |
| Belgium | 0.2 | 0.2 | 0.1 | 0.3 | 14.5% |
| Others | 1.7 | 1.3 | 1.1 | 0.8 | -22.2% |
| Total | 7.7 | 7.0 | 9.2 | 27.8 | 53.4% |
Top Suppliers of Linseed Oil to the United States in 2022:
- Turkey (4.4K tons)
- Canada (1.5K tons)
- China (0.9K tons)
- Philippines (0.2K tons)
- Belgium (0.1K tons)
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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