Colombia - Linseed - Market Analysis, Forecast, Size, Trends and Insights

Colombia: Linseed Market Overview 2020

Linseed Market Size in Colombia

The revenue of the linseed market in Colombia amounted to $X in 2018, remaining constant against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, linseed consumption continues to indicate a prominent expansion. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. In that year, the linseed market reached its peak level of $X. From 2015 to 2018, the growth of the linseed market failed to regain its momentum.

Linseed Exports

Exports from Colombia

In 2018, the amount of linseed exported from Colombia stood at X tonnes, dropping by -X% against the previous year. Over the period under review, linseed exports continue to indicate a perceptible slump. The pace of growth appeared the most rapid in 2011 with an increase of X% against the previous year. Over the period under review, linseed exports attained their peak figure at X tonnes in 2016; however, from 2017 to 2018, exports remained at a lower figure.

In value terms, linseed exports stood at $X in 2018. In general, linseed exports continue to indicate a measured decrease. The growth pace was the most rapid in 2017 when exports increased by X% y-o-y. In that year, linseed exports attained their peak of $X, and then declined slightly in the following year.

Exports by Country

The Dominican Republic (X tonnes) was the main destination for linseed exports from Colombia, accounting for a X% share of total exports. Moreover, linseed exports to the Dominican Republic exceeded the volume sent to the second major destination, Free Zones (X kg), eightfold.

From 2007 to 2018, the average annual rate of growth in terms of volume to the Dominican Republic amounted to -X%.

In value terms, the Dominican Republic ($X) remains the key foreign market for linseed exports from Colombia, comprising X% of total linseed exports. The second position in the ranking was occupied by Free Zones ($X), with a X% share of total exports.

From 2007 to 2018, the average annual rate of growth in terms of value to the Dominican Republic amounted to -X%.

Export Prices by Country

The average linseed export price stood at $X per tonne in 2018, jumping by X% against the previous year. Overall, the linseed export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. Over the period under review, the average export prices for linseed attained their peak figure in 2018 and is expected to retain its growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Free Zones ($X per tonne), while the average price for exports to the Dominican Republic amounted to $X per tonne.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Free Zones.

Linseed Imports

Imports into Colombia

In 2018, the imports of linseed into Colombia totaled X tonnes, increasing by X% against the previous year. In general, the total imports indicated a temperate increase from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, linseed imports decreased by -X% against 2014 indices. The growth pace was the most rapid in 2014 with an increase of X% year-to-year. In that year, linseed imports attained their peak of X tonnes. From 2015 to 2018, the growth of linseed imports failed to regain its momentum.

In value terms, linseed imports stood at $X in 2018. In general, linseed imports continue to indicate remarkable growth. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. In that year, linseed imports attained their peak of $X. From 2015 to 2018, the growth of linseed imports remained at a lower figure.

Imports by Country

In 2018, Canada (X tonnes) constituted the largest linseed supplier to Colombia, accounting for a X% share of total imports. Moreover, linseed imports from Canada exceeded the figures recorded by the second-largest supplier, the U.S. (X tonnes), ninefold.

From 2007 to 2018, the average annual rate of growth in terms of volume from Canada amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (-X% per year) and Argentina (+X% per year).

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

From 2007 to 2018, the average annual rate of growth in terms of value from Canada amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (+X% per year) and Argentina (+X% per year).

Import Prices by Country

The average linseed import price stood at $X per tonne in 2018, lowering by -X% against the previous year. Overall, the import price indicated a noticeable increase from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, linseed import price decreased by -X% against 2013 indices. The pace of growth appeared the most rapid in 2011 when the average import price increased by X% year-to-year. Over the period under review, the average import prices for linseed reached their maximum at $X per tonne in 2013; however, from 2014 to 2018, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2018, the country with the highest price was Argentina ($X per tonne), while the price for Canada ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the U.S., while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform