Asia-Pacific: Linseed Market 2024

Linseed Market Size in Asia-Pacific

In 2022, the Asia-Pacific linseed market increased by X% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Linseed Production in Asia-Pacific

In value terms, linseed production declined slightly to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

China (X tons) constituted the country with the largest volume of linseed production, comprising approx. X% of total volume. Moreover, linseed production in China exceeded the figures recorded by the second-largest producer, India (X tons), threefold. The third position in this ranking was taken by Afghanistan (X tons), with a X% share.

In China, linseed production contracted by an average annual rate of X% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: India (X% per year) and Afghanistan (X% per year).

The average linseed yield rose to X tons per ha in 2022, growing by X% on the year before. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the linseed yield attained the maximum level at X tons per ha in 2020; afterwards, it flattened through to 2022. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The linseed harvested area declined slightly to X ha in 2022, with a decrease of X% compared with 2021. In general, the harvested area continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area remained at a lower figure.

Linseed Exports

Exports in Asia-Pacific

In 2022, after three years of decline, there was significant growth in shipments abroad of linseed, when their volume increased by X% to X tons. Over the period under review, exports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, linseed exports soared to $X in 2022. In general, exports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

India prevails in exports structure, resulting at X tons, which was approx. X% of total exports in 2022. It was distantly followed by China (X tons), constituting a X% share of total exports. Afghanistan (X tons), New Zealand (X tons) and Myanmar (X tons) took a minor share of total exports.

India was also the fastest-growing in terms of the linseed exports, with a CAGR of X% from 2012 to 2022. At the same time, Myanmar (X%) and Afghanistan (X%) displayed positive paces of growth. By contrast, New Zealand (X%) and China (X%) illustrated a downward trend over the same period. While the share of India (X p.p.) and Myanmar (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of New Zealand (X p.p.) and China (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest linseed supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by China ($X), with a X% share of total exports. It was followed by New Zealand, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in India amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: China (X% per year) and New Zealand (X% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per ton), while Afghanistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced more modest paces of growth.

Linseed Imports

Imports in Asia-Pacific

In 2022, the amount of linseed imported in Asia-Pacific skyrocketed to X tons, rising by X% compared with 2021. Over the period under review, imports showed buoyant growth. The most prominent rate of growth was recorded in 2014 when imports increased by X%. The volume of import peaked in 2022 and is likely to continue growth in the immediate term.

In value terms, linseed imports skyrocketed to $X in 2022. Overall, imports recorded a resilient expansion. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

Imports by Country

China prevails in imports structure, amounting to X tons, which was approx. X% of total imports in 2022. Afghanistan (X tons) took a relatively small share of total imports.

China was also the fastest-growing in terms of the linseed imports, with a CAGR of X% from 2012 to 2022. At the same time, Afghanistan (X%) displayed positive paces of growth. China (X p.p.) significantly strengthened its position in terms of the total imports, while Afghanistan saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, China ($X) constitutes the largest market for imported linseed in Asia-Pacific, comprising X% of total imports. The second position in the ranking was held by Afghanistan ($X), with a X% share of total imports.

In China, linseed imports expanded at an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while Afghanistan stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Afghanistan (X%).

Source: IndexBox Platform

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