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Colombia - Linseed Oil - Market Analysis, Forecast, Size, Trends and Insights
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Colombia: Linseed Oil Market Overview 2021

Linseed Oil Market Size in Colombia

In 2020, the Colombian linseed oil market increased by X% to $X, rising for the second year in a row after four years of decline. In general, consumption continues to indicate modest growth. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. As a result, consumption reached the peak level of $X. from 2012 to 2020, the growth of the market remained at a somewhat lower figure.

Linseed Oil Exports

Exports from Colombia

In 2020, overseas shipments of linseed oil decreased by -X% to X kg, falling for the second year in a row after two years of growth. In general, exports recorded a drastic downturn. The pace of growth appeared the most rapid in 2011 when exports increased by X% y-o-y. Exports peaked at X tonnes in 2007; however, from 2008 to 2020, exports remained at a lower figure.

In value terms, linseed oil exports reduced modestly to $X in 2020. Overall, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Over the period under review, exports attained the maximum at $X in 2013; however, from 2014 to 2020, exports stood at a somewhat lower figure.

Exports by Country

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

From 2007 to 2020, the average annual rate of growth in terms of volume to Ecuador stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (-X% per year) and Panama (+X% per year).

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

From 2007 to 2020, the average annual growth rate of value to Ecuador totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (-X% per year) and Panama (+X% per year).

Export Prices by Country

The average linseed oil export price stood at $X per tonne in 2020, picking up by X% against the previous year. In general, export price indicated resilient growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, linseed oil export price increased by +X% against 2018 indices. The pace of growth appeared the most rapid in 2010 an increase of X% year-to-year. As a result, export price attained the peak level of $X per tonne. from 2011 to 2020, the growth in terms of the average export prices failed to regain the momentum.

Average prices varied noticeably for the major export markets. In 2020, the country with the highest price was Panama ($X per tonne), while the average price for exports to Ecuador ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador, while the prices for the other major destinations experienced a decline.

Linseed Oil Imports

Imports into Colombia

In 2020, overseas purchases of linseed oil increased by X% to X tonnes, rising for the second consecutive year after two years of decline. In general, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2011 when imports increased by X% against the previous year. As a result, imports attained the peak of X tonnes. from 2012 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, linseed oil imports skyrocketed to $X in 2020. Overall, imports recorded modest growth. The pace of growth appeared the most rapid in 2011 when imports increased by X% y-o-y. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, Belgium (X tonnes) constituted the largest supplier of linseed oil to Colombia, accounting for a X% share of total imports. Moreover, linseed oil imports from Belgium exceeded the figures recorded by the second-largest supplier, Germany (X tonnes), sevenfold.

From 2007 to 2020, the average annual growth rate of volume from Belgium totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and the U.S. (+X% per year).

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

From 2007 to 2020, the average annual growth rate of value from Belgium amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (+X% per year) and Germany (+X% per year).

Import Prices by Country

In 2020, the average linseed oil import price amounted to $X per tonne, rising by X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% y-o-y. As a result, import price reached the peak level of $X per tonne. from 2014 to 2020, the growth in terms of the average import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was the U.S. ($X per tonne), while the price for Germany ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Belgium, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for linseed oil in the world?
+
The country with the largest volume of linseed oil consumption was China (324K tonnes), comprising approx. 38% of total volume. Moreover, linseed oil consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (70K tonnes), fivefold. Germany (56K tonnes) ranked third in terms of total consumption with a 6.6% share.
What are the largest producers of linseed oil in the world?
+
China (270K tonnes) remains the largest linseed oil producing country worldwide, accounting for 32% of total volume. Moreover, linseed oil production in China exceeded the figures recorded by the second-largest producer, Belgium (122K tonnes), twofold. The third position in this ranking was occupied by the U.S. (76K tonnes), with a 9.1% share.
What are the leading suppliers of linseed oil to Colombia?
+
In value terms, Belgium ($463K) constituted the largest supplier of linseed oil to Colombia, comprising 73% of total imports. The second position in the ranking was occupied by the U.S. ($95K), with a 15% share of total imports.
What are the leading importers of linseed oil from Colombia?
+
In value terms, Ecuador ($2.8K) remains the key foreign market for linseed oil exports from Colombia, comprising 85% of total exports. The second position in the ranking was occupied by Peru ($281), with a 8.4% share of total exports.
What is the average export price for linseed oil in Colombia?
+
In 2020, the average linseed oil export price amounted to $8,288 per tonne, growing by 5.5% against the previous year.
What is the average import price for linseed oil in Colombia?
+
In 2020, the average linseed oil import price amounted to $1,400 per tonne, picking up by 19% against the previous year.

Product coverage:
• FCL 334 - Oil of Linseed

This report provides an in-depth analysis of the linseed oil market in Colombia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Colombia

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Colombia
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020
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