Colombia: Linseed Market Overview 2021

Linseed Market Size in Colombia

The Colombian linseed market was finally on the rise to reach $X in 2019, after two years of decline. In general, the total consumption indicated a tangible increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2012 with an increase of X% y-o-y. Linseed consumption peaked at $X in 2016; however, from 2017 to 2019, consumption remained at a lower figure.

Linseed Exports

Exports from Colombia

In 2019, approx. X tonnes of linseed were exported from Colombia; growing by X% on the previous year. Over the period under review, exports, however, continue to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. As a result, exports reached the peak of X tonnes. From 2018 to 2019, the growth exports remained at a somewhat lower figure.

In value terms, linseed exports expanded significantly to $X in 2019. In general, exports, however, recorded a pronounced reduction. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Exports peaked at $X in 2007; however, from 2008 to 2019, exports failed to regain the momentum.

Exports by Country

The Dominican Republic (X tonnes) was the main destination for linseed exports from Colombia, with a X% share of total exports. Moreover, linseed exports to the Dominican Republic exceeded the volume sent to the second major destination, Curacao (X kg), more than tenfold.

From 2007 to 2019, the average annual growth rate of volume to the Dominican Republic amounted to -X%.

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

From 2007 to 2019, the average annual rate of growth in terms of value to the Dominican Republic totaled -X%.

Export Prices by Country

The average linseed export price stood at $X per tonne in 2019, remaining relatively unchanged against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by X% against the previous year. Over the period under review, average export prices attained the peak figure at $X per tonne in 2013; however, from 2014 to 2019, export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2019, the country with the highest price was the Dominican Republic ($X per tonne), while the average price for exports to Curacao stood at $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic.

Linseed Imports

Imports into Colombia

Linseed imports into Colombia shrank slightly to X tonnes in 2019, approximately reflecting 2018 figures. Overall, total imports indicated a mild expansion from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports decreased by -X% against 2016 indices. The most prominent rate of growth was recorded in 2012 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tonnes in 2016; however, from 2017 to 2019, imports stood at a somewhat lower figure.

In value terms, linseed imports expanded sharply to $X in 2019. Over the period under review, total imports indicated prominent growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2012 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2013 to 2019, the growth imports failed to regain the momentum.

Imports by Country

In 2019, Canada (X tonnes) constituted the largest supplier of linseed to Colombia, with 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), fivefold.

From 2007 to 2019, the average annual rate of growth in terms of volume from Canada was relatively modest.

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

From 2007 to 2019, the average annual rate of growth in terms of value from Canada amounted to +X%.

Import Prices by Country

In 2019, the average linseed import price amounted to $X per tonne, rising by X% against the previous year. In general, import price indicated pronounced growth from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2011 when the average import price increased by X% y-o-y. The import price peaked at $X per tonne in 2013; however, from 2014 to 2019, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2019, the country with the highest price was the U.S. ($X per tonne), while the price for Canada amounted to $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Canada.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for linseed in the world?

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The countries with the highest volumes of linseed consumption in 2019 were China (741K tonnes), Kazakhstan (531K tonnes) and Belgium (392K tonnes), together accounting for 54% of global consumption. The U.S., Germany, Russia, Canada, India, Ethiopia, France, Afghanistan, the Netherlands and Poland lagged somewhat behind, together accounting for a further 34%.

What are the largest producers of linseed in the world?

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The countries with the highest volumes of linseed production in 2019 were Kazakhstan (1M tonnes), Russia (659K tonnes) and Canada (486K tonnes), with a combined 70% share of global production.

What are the leading suppliers of linseed to Colombia?

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In value terms, Canada ($1M) constituted the largest supplier of linseed to Colombia, comprising 83% of total imports. The second position in the ranking was occupied by the U.S. ($216K), with a 17% share of total imports.

What are the leading importers of linseed from Colombia?

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In value terms, the Dominican Republic ($6.8K) remains the key foreign market for linseed exports from Colombia, comprising 96% of total exports. The second position in the ranking was occupied by Curacao ($266), with a 3.8% share of total exports.

What is the average export price for linseed in Colombia?

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In 2019, the average linseed export price amounted to $3,644 per tonne, almost unchanged from the previous year.

What is the average import price for linseed in Colombia?

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The average linseed import price stood at $639 per tonne in 2019, rising by 7.5% against the previous year.