Australia and Oceania: Linseed Market 2024

Linseed Market Size in Australia and Oceania

The linseed market in Australia and Oceania reached $X in 2022, increasing by X% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Linseed Production in Australia and Oceania

In value terms, linseed production expanded slightly to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Australia (X tons) constituted the country with the largest volume of linseed production, comprising approx. X% of total volume. Moreover, linseed production in Australia exceeded the figures recorded by the second-largest producer, New Zealand (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume in Australia stood at X%.

In 2022, the average linseed yield in Australia and Oceania dropped slightly to X kg per ha, standing approx. at the previous year. Over the period under review, the yield continues to indicate a slight descent. The growth pace was the most rapid in 2014 when the yield increased by X% against the previous year. Over the period under review, the linseed yield attained the maximum level at X tons per ha in 2015; however, from 2016 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of linseed production in Australia and Oceania amounted to X ha, approximately equating 2021. In general, the harvested area showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the harvested area increased by X%. As a result, the harvested area reached the peak level of X ha; afterwards, it flattened through to 2022.

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Linseed Exports

Exports in Australia and Oceania

After two years of growth, overseas shipments of linseed decreased by X% to X tons in 2022. Overall, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, linseed exports declined to $X in 2022. In general, exports, however, saw pronounced growth. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

New Zealand was the key exporting country with an export of about X tons, which amounted to X% of total exports. It was distantly followed by Australia (X tons), making up a X% share of total exports.

Exports from New Zealand decreased at an average annual rate of X% from 2012 to 2022. At the same time, Australia (X%) displayed positive paces of growth. Moreover, Australia emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of X% from 2012-2022. While the share of Australia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of New Zealand (X p.p.) displayed negative dynamics.

In value terms, the largest linseed supplying countries in Australia and Oceania were New Zealand ($X) and Australia ($X).

Australia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, waning by X% against the previous year. Export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, linseed export price decreased by X% against 2018 indices. The growth pace was the most rapid in 2018 an increase of X% against the previous year. The level of export peaked at $X per ton in 2021, and then declined in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while New Zealand totaled $X per ton.

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

Linseed Imports

Imports in Australia and Oceania

In 2022, overseas purchases of linseed decreased by X% to X tons, falling for the second consecutive year after three years of growth. In general, imports showed a perceptible setback. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, linseed imports reduced sharply to $X in 2022. Over the period under review, imports recorded a slight reduction. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The purchases of the two major importers of linseed, namely New Zealand and Australia, represented more than two-thirds of total import.

From 2012 to 2022, the biggest increases were recorded for New Zealand (with a CAGR of X%).

In value terms, the largest linseed importing markets in Australia and Oceania were New Zealand ($X) and Australia ($X).

Among the main importing countries, New Zealand, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, rising by X% against the previous year. Import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of X% 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 X% against 2020 indices. The growth pace was the most rapid in 2016 when the import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Australia ($X per ton), while New Zealand amounted to $X per ton.

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

Source: IndexBox Platform

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