Central Asia: Linseed Oil Market 2024

Linseed Oil Market Size in Central Asia

In 2022, the Central Asian linseed oil market increased by X% to $X, rising for the second year in a row after four years of decline. Overall, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Linseed Oil Production in Central Asia

In value terms, linseed oil production expanded to $X in 2022 estimated in export price. In general, production saw resilient growth. The growth pace was the most rapid in 2016 when the production volume increased by X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Linseed Oil Exports

Exports in Central Asia

In 2022, shipments abroad of linseed oil decreased by X% to X tons, falling for the third consecutive year after six years of growth. In general, exports, however, enjoyed significant growth. The growth pace was the most rapid in 2017 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, linseed oil exports declined sharply to $X in 2022. Over the period under review, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The biggest shipments were from Kazakhstan (X tons), together reaching X% of total export.

Kazakhstan was also the fastest-growing in terms of the linseed oil exports, with a CAGR of X% from 2012 to 2022. From 2012 to 2022, the share of Kazakhstan increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) also remains the largest linseed oil supplier in Central Asia.

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

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Kazakhstan.

From 2012 to 2022, the rate of growth in terms of prices for Kazakhstan amounted to X% per year.

Linseed Oil Imports

Imports in Central Asia

In 2022, approx. X tons of linseed oil were imported in Central Asia; picking up by X% against the year before. Overall, imports posted strong growth. The pace of growth appeared the most rapid in 2016 with an increase of X%. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, linseed oil imports skyrocketed to $X in 2022. Over the period under review, imports posted resilient growth. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in years to come.

Imports by Country

Uzbekistan was the largest importer of linseed oil in Central Asia, with the volume of imports amounting to X tons, which was near X% of total imports in 2022. Kazakhstan (X tons) held the second position in the ranking, followed by Tajikistan (X tons). All these countries together held approx. X% share of total imports. Turkmenistan (X tons) took a relatively small share of total imports.

Imports into Uzbekistan increased at an average annual rate of X% from 2012 to 2022. At the same time, Turkmenistan (X%) and Tajikistan (X%) displayed positive paces of growth. Moreover, Turkmenistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of X% from 2012-2022. By contrast, Kazakhstan (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Uzbekistan, Tajikistan and Turkmenistan increased by X, X and X percentage points, respectively.

In value terms, the largest linseed oil importing markets in Central Asia were Uzbekistan ($X), Kazakhstan ($X) and Tajikistan ($X), with a combined X% share of total imports.

Uzbekistan, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2022, falling by X% against the previous year. In general, the import price continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Kazakhstan ($X per ton), while Tajikistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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