China: Linseed Market 2024

Linseed Market Size in China

In 2022, the Chinese linseed market increased by X% to $X, rising for the second year in a row after two years of decline. Over the period under review, the total consumption indicated a buoyant increase from 2012 to 2022: its value 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, consumption increased by X% against 2020 indices. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in years to come.

Linseed Production in China

In value terms, linseed production reduced modestly to $X in 2022 estimated in export price. In general, the total production indicated a slight expansion from 2012 to 2022: its value 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, production increased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. Linseed production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

In 2022, the average yield of linseed in China reached X tons per ha, approximately mirroring 2021. Over the period under review, the yield recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2016 to 2022, the growth of the average linseed yield remained at a 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 linseed harvested area in China reduced slightly to X ha, shrinking by X% compared with 2021 figures. Overall, the harvested area showed a noticeable slump. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the harvested area dedicated to linseed production attained the peak figure at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

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Linseed Exports

Exports from China

In 2022, overseas shipments of linseed were finally on the rise to reach X tons after five years of decline. Over the period under review, exports, however, saw a abrupt shrinkage. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, linseed exports soared to $X in 2022. Overall, exports, however, saw a abrupt descent. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

South Korea (X tons), the UK (X tons) and Malaysia (X tons) were the main destinations of linseed exports from China, with a combined X% share of total exports. Thailand, Indonesia, Taiwan (Chinese), Israel, the Netherlands, New Zealand and Germany lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for linseed exported from China were South Korea ($X), Malaysia ($X) and the UK ($X), together accounting for X% of total exports. Thailand, Taiwan (Chinese), the Netherlands, Indonesia, Israel, New Zealand and Germany lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Indonesia, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average linseed export price stood at $X per ton in 2022, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 when the average export price increased by X%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while the average price for exports to Germany ($X 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 Vietnam (X%), while the prices for the other major destinations experienced more modest paces of growth.

Linseed Imports

Imports into China

Linseed imports into China soared to X tons in 2022, picking up by X% on 2021 figures. Overall, imports showed resilient growth. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, linseed imports skyrocketed to $X in 2022. In general, imports recorded a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, Russia (X tons) constituted the largest supplier of linseed to China, accounting for a X% share of total imports. Moreover, linseed imports from Russia exceeded the figures recorded by the second-largest supplier, Kazakhstan (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Russia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Kazakhstan (X% per year) and Canada (X% per year).

In value terms, Russia ($X) constituted the largest supplier of linseed to China, comprising X% of total imports. The second position in the ranking was held by Kazakhstan ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Russia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Kazakhstan (X% per year) and Canada (X% per year).

Import Prices by Country

In 2022, the average linseed import price amounted to $X per ton, with an increase of X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Russia ($X per ton), while the price for Canada ($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 prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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