Australia - Linseed - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Apr 1, 2024

Australia - Linseed - Market Analysis, Forecast, Size, Trends and Insights

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Linseed Price in Australia - 2023

Contents:

  1. Linseed Price in Australia (CIF) - 2022
  2. Linseed Price in Australia (FOB) - 2022
  3. Linseed Imports in Australia
  4. Linseed Exports in Australia

Linseed Price in Australia (CIF) - 2022

In 2022, the average linseed import price amounted to $1,354 per ton, jumping by 44% against the previous year. Over the period under review, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, linseed import price increased by +74.8% against 2019 indices. The most prominent rate of growth was recorded in 2016 when the average import price increased by 47% against the previous year. The import price peaked in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($13,928 per ton), while the price for Russia ($463 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+60.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Linseed Price in Australia (FOB) - 2022

In 2022, the average linseed export price amounted to $1,939 per ton, dropping by -20.3% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 133% against the previous year. Over the period under review, the average export prices reached the maximum at $2,678 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($3,748 per ton), while the average price for exports to Vietnam ($1,035 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.

Linseed Imports in Australia

In 2022, supplies from abroad of linseed decreased by -66.6% to 445 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports recorded a dramatic slump. The pace of growth was the most pronounced in 2020 with an increase of 80% against the previous year. As a result, imports attained the peak of 6.4K tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, linseed imports declined sharply to $602K in 2022. In general, imports showed a significant decrease. The most prominent rate of growth was recorded in 2020 with an increase of 87%. As a result, imports reached the peak of $5.1M. From 2021 to 2022, the growth of imports failed to regain momentum.

Import of Linseed in Australia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
New Zealand15925720527720.3%
Canada1,8533,217833200-52.4%
China36.088.966.850.311.8%
TurkeyN/A82.621.934.6-35.3%
Russia43979424.422.3-63.0%
Argentina47.47.48.38.5-43.6%
United States180429N/A3.5-73.1%
Others30.726591.26.6-40.1%
Total2,7465,1401,250602-39.7%

Top Suppliers of Linseed to Australia in 2022:

  1. New Zealand (226.6 tons)
  2. Canada (121.3 tons)
  3. Russia (48.2 tons)
  4. China (25.0 tons)
  5. Turkey (12.0 tons)
  6. Argentina (10.0 tons)
  7. United States (0.3 tons)

Linseed Exports in Australia

In 2022, the amount of linseed exported from Australia skyrocketed to 216 tons, increasing by 83% against the previous year's figure. In general, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 261% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, linseed exports soared to $418K in 2022. Overall, exports showed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 255% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

Export of Linseed in Australia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
New Zealand29.624.5175250103.6%
Thailand40.938.915.066.517.6%
United StatesN/AN/A2.721.0677.8%
South KoreaN/AN/AN/A20.50%
IndonesiaN/A6.74.018.063.9%
Hong Kong SAR2.93.432.512.562.7%
VietnamN/AN/A6.511.983.1%
JapanN/A3.411.24.920.0%
United Kingdom35.4N/AN/AN/A0%
Others14.23.939.812.9-3.1%
Total12380.828741850.3%

Top Export Markets for Linseed from Australia in 2022:

  1. New Zealand (122.2 tons)
  2. Thailand (43.6 tons)
  3. South Korea (16.0 tons)
  4. Vietnam (11.5 tons)
  5. United States (6.8 tons)
  6. Indonesia (6.2 tons)
  7. Hong Kong SAR (3.3 tons)
  8. Japan (3.0 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the linseed market in Australia. 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 333 - Linseed

Country coverage:

  • Australia

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Australia
  • 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. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION, HARVESTED AREA AND YIELD
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Yield And Growth
    16. Exports And Growth
    17. Export Prices And Growth
    18. Market Size And Growth
    19. Per Capita Consumption
    20. Imports And Growth
    21. Import Prices
    22. Production, In Physical Terms, 2012–2023
    23. Production, In Value Terms, 2012–2023
    24. Area Harvested, 2012–2023
    25. Yield, 2012–2023
    26. Imports, In Physical Terms, 2012–2023
    27. Imports, In Value Terms, 2012–2023
    28. Imports, In Physical Terms, By Country, 2023
    29. Imports, In Physical Terms, By Country, 2012–2023
    30. Imports, In Value Terms, By Country, 2012–2023
    31. Import Prices, By Country Of Origin, 2012–2023
    32. Exports, In Physical Terms, 2012–2023
    33. Exports, In Value Terms, 2012–2023
    34. Exports, In Physical Terms, By Country, 2023
    35. Exports, In Physical Terms, By Country, 2012–2023
    36. Exports, In Value Terms, By Country, 2012–2023
    37. Export Prices, By Country Of Destination, 2012–2023
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Blog
Event
Exploring the Best Import Markets for Linseed
Apr 23, 2024
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Discover the leading importers of linseed in the world and their import values in 2023. From China to Russia, learn about the key players in the global linseed trade market.

Which Country Produces the Most Linseed in the World?
Oct 30, 2017
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In 2015, the countries with the highest levels of linseed production were Canada (X thousand tons), Kazakhstan (X thousand tons), China (X thousand tons), together accounting for X% of total output.

Canada's Linseed Exports Increased by 11% in 2014
Sep 2, 2015
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Canada dominates in the global linseed trade. In 2014, Canada exported X thousand tons of linseed totaling X million USD, X% over the previous year. Its primary trading partner was China, where it supplied X% of its total linseed exports in v

Indonesia Ranks First Globally in Exports of Oil Crops
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Indonesia dominates in the global oil crop trade. In 2014, Indonesia exported X million tons of oil crops totaling X billion USD, X% over the previous year. Its primary trading partner was India, where it supplied X% of its total oil crop exports

Exploring the Best Import Markets for Linseed
Apr 23, 2024
Eye 72

Discover the leading importers of linseed in the world and their import values in 2023. From China to Russia, learn about the key players in the global linseed trade market.

Which Country Produces the Most Linseed in the World?
Oct 30, 2017
Eye 2622

In 2015, the countries with the highest levels of linseed production were Canada (X thousand tons), Kazakhstan (X thousand tons), China (X thousand tons), together accounting for X% of total output.

Canada's Linseed Exports Increased by 11% in 2014
Sep 2, 2015
Eye 1204

Canada dominates in the global linseed trade. In 2014, Canada exported X thousand tons of linseed totaling X million USD, X% over the previous year. Its primary trading partner was China, where it supplied X% of its total linseed exports in v

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