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

Colombia: Linseed Market Overview 2019

Linseed Market Size in Colombia

The revenue of the linseed market in Colombia amounted to $X in 2017, falling by -X% 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 remarkable increase. The most prominent rate of growth was recorded in 2014, when market value increased by X% year-to-year. In that year, the linseed market reached their peak level of $X. From 2015 to 2017, growth of the linseed market failed to regain its momentum.

Linseed Exports from Colombia

In 2017, the amount of linseed exported from Colombia stood at X tonnes, coming up by X% against the previous year. Overall, linseed exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017, with an increase of X% year-to-year. The exports peaked of X tonnes in 2007; however, from 2008 to 2017, it failed to regain its momentum.

In value terms, linseed exports stood at $X in 2017. In general, linseed exports continue to indicate a relatively flat trend pattern. Over the period under review, the linseed exports attained its peak figure level of $X in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Linseed Exports by Country from Colombia

The Dominican Republic (X kg), Free Zones (X kg) and Curacao (X kg) were the main destinations of linseed exports from Colombia, together accounting for X% of total exports.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Curacao (+X% per year), while the other leaders experienced more modest paces of growth.

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

From 2007 to 2017, the average annual rate of growth in terms of value to the Dominican Republic totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Free Zones (+X% per year) and Curacao (+X% per year).

Linseed Export Prices by Country in Colombia

In 2017, the average linseed export price amounted to $X per tonne, reducing by -X% against the previous year. Overall, linseed export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013, when the average export prices increased by X% against the previous year. In that year, the average export prices for linseed reached their peak level of $X per tonne. From 2014 to 2017, growth of the average export prices for linseed stood at a somewhat lower level.

Average export prices varied somewhat for the major foreign markets. In 2017, the countries with the highest export prices were Aruba ($X per tonne) and the Dominican Republic ($X per tonne), while average price for exports to Free Zones ($X per tonne) and Curacao ($X per tonne) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was recorded for supplies to the Dominican Republic (+X% per year), the export prices for other major destinations experienced mixed trend patterns.

Linseed Imports into Colombia

In 2017, the amount of linseed imported into Colombia totaled X tonnes, shrinking by -X% against the previous year. Overall, linseed imports continue to indicate a moderate increase. The most prominent rate of growth was recorded in 2009, when imports increased by X% y-o-y. The imports peaked of X tonnes in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

In value terms, linseed imports totaled $X in 2017. In general, linseed imports continue to indicate a remarkable increase. In that year, the linseed imports reached their peak level of $X. From 2015 to 2017, growth of the linseed imports stood at a somewhat lower level.

Linseed Imports by Country into Colombia

In 2017, Canada (X tonnes) constituted the largest supplier of linseed to Colombia, accounting for X% share of total imports. Moreover, linseed imports from Canada exceeded the figures recorded by the second largest supplier, the U.S. (X tonnes), more than tenfold. Argentina (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2017, the average annual growth rate of volume from Canada stood at +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 ($X) constituted the largest supplier of linseed to Colombia, making up X% of total linseed imports. The second position in the ranking was occupied by Argentina ($X), with a X% share of total imports. It was followed by the U.S., with a X% share.

From 2007 to 2017, 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: Argentina (+X% per year) and the U.S. (+X% per year).

Linseed Import Prices by Country in Colombia

The average linseed import price stood at $X per tonne in 2017, jumping by X% against the previous year. Overall, the import price indicated a prominent growth from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the linseed import price decreased by -X% against 2013 indices. The growth pace was the most rapid in 2008, an increase of X% year-to-year. The import price peaked of $X per tonne in 2013; however, from 2014 to 2017, it failed to regain its momentum.

Import prices varied noticeably by the country of destination; the country with the highest import price was Argentina ($X per tonne), while prices for linseed imports from the U.S. ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Canada (+X% per year), the import prices for other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform