Colombia: Linseed Market 2022

Linseed Market Size in Colombia

In 2021, the Colombian linseed market increased by X% to $X, rising for the third consecutive year after two years of decline. Overall, consumption enjoyed a strong increase. Linseed consumption peaked in 2021 and is likely to see steady growth in years to come.

Linseed Exports

Exports from Colombia

Linseed exports from Colombia contracted rapidly to X kg in 2021, waning by -X% against 2020. Overall, exports showed a perceptible curtailment. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, linseed exports fell markedly to $X in 2021. Over the period under review, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Panama (X kg) was the main destination for linseed exports from Colombia, accounting for a X% share of total exports. Moreover, linseed exports to Panama exceeded the volume sent to the second major destination, Venezuela (X kg), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Panama amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Venezuela (X% per year) and Spain (X% per year).

In value terms, Panama ($X), Venezuela ($X) and Spain ($X) constituted the largest markets for linseed exported from Colombia worldwide.

Panama, with a CAGR of +X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average linseed export price amounted to $X per ton, with a decrease of -X% against the previous year. Overall, the export price continues to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2018 an increase of X%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Spain ($X per ton), while the average price for exports to Panama ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Panama (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Linseed Imports

Imports into Colombia

In 2021, approx. X tons of linseed were imported into Colombia; increasing by X% compared with the year before. Overall, total imports indicated a notable increase from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2014 indices. The pace of growth appeared the most rapid in 2014 when imports increased by X%. Over the period under review, imports attained the peak figure in 2021 and are likely to see steady growth in the near future.

In value terms, linseed imports soared to $X in 2021. In general, imports enjoyed a resilient increase. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2021, Canada (X tons) was the main supplier of linseed to Colombia, with a X% share of total imports. It was followed by Argentina (X tons), with a X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Canada totaled +X%.

In value terms, Canada ($X) constituted the largest supplier of linseed to Colombia, comprising X% of total imports. The second position in the ranking was taken by Argentina ($X), with a X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Canada totaled +X%.

Import Prices by Country

The average linseed import price stood at $X per ton in 2021, growing by X% against the previous year. Over the last nine years, it increased at an average annual rate of +X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was Argentina ($X per ton), while the price for Canada amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+X%).

Source: IndexBox Market Intelligence Platform

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