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

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Linseed Oil Market Size in Colombia

In 2019, after four years of decline, there was significant growth in the Colombian linseed oil market, when its value increased by X% to $X. In general, consumption, however, recorded a slight setback. The most prominent rate of growth was recorded in 2011 when the market value increased by X% year-to-year. As a result, consumption attained the peak level of $X. From 2012 to 2019, the growth of the market remained at a somewhat lower figure.

Linseed Oil Exports

Exports from Colombia

In 2019, shipments abroad of linseed oil decreased by -X% to X kg for the first time since 2016, thus ending a two-year rising trend. In general, exports showed a deep downturn. The growth pace was the most rapid in 2013 when exports increased by X% y-o-y. Over the period under review, exports hit record highs at X tonnes in 2007; however, from 2008 to 2019, exports failed to regain the momentum.

In value terms, linseed oil exports contracted markedly to $X in 2019. Over the period under review, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Exports peaked at $X in 2008; however, from 2009 to 2019, exports failed to regain the momentum.

Exports by Country

Ecuador (X kg) was the main destination for linseed oil exports from Colombia, accounting for a X% share of total exports. It was followed by Peru (X kg), with a X% share of total exports.

From 2007 to 2019, the average annual growth rate of volume to Ecuador stood at -X%.

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 2019, the average annual growth rate of value to Ecuador totaled +X%.

Export Prices by Country

The average linseed oil export price stood at $X per tonne in 2019, shrinking by -X% against the previous year. Over the period under review, the export price, however, continues to indicate a resilient increase. The pace of growth was the most pronounced in 2011 when the average export price increased by X% year-to-year. Over the period under review, average export prices attained the peak figure at $X per tonne in 2018, and then contracted in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was Ecuador ($X per tonne), while the average price for exports to Peru totaled $X per tonne.

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

Linseed Oil Imports

Imports into Colombia

In 2019, purchases abroad of linseed oil was finally on the rise to reach X tonnes after four years of decline. Overall, imports, however, continue to indicate a pronounced decrease. The pace of growth was the most pronounced in 2011 when imports increased by X% y-o-y. As a result, imports reached the peak of X tonnes. From 2012 to 2019, the growth imports remained at a somewhat lower figure.

In value terms, linseed oil imports skyrocketed to $X in 2019. Over the period under review, imports, however, saw a slight reduction. The growth pace was the most rapid in 2011 with an increase of X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2019, imports failed to regain the momentum.

Imports by Country

In 2019, Belgium (X tonnes) constituted the largest supplier of linseed oil to Colombia, with a X% share of total imports. Moreover, linseed oil imports from Belgium exceeded the figures recorded by the second-largest supplier, the U.S. (X tonnes), twofold.

From 2007 to 2019, the average annual rate of growth in terms of volume from Belgium totaled -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).

In value terms, Belgium ($X), the U.S. ($X) and Germany ($X) appeared to be the largest linseed oil suppliers to Colombia, with a combined X% share of total imports.

In terms of the main suppliers, the U.S. saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2019, the average linseed oil import price amounted to $X per tonne, waning by -X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average import price increased by X% y-o-y. As a result, import price attained the peak level of $X per tonne. From 2014 to 2019, 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 2019, the country with the highest price was the U.S. ($X per tonne), while the price for Belgium ($X per tonne) was amongst the lowest.

From 2007 to 2019, 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 a decline.

Source: IndexBox AI 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 (287K tonnes), comprising approx. 32% of total volume. Moreover, linseed oil consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (75K tonnes), fourfold. The third position in this ranking was occupied by Gambia (67K tonnes), with a 7.4% share.
What are the largest producers of linseed oil in the world?
+
China (247K tonnes) remains the largest linseed oil producing country worldwide, comprising approx. 31% of total volume. Moreover, linseed oil production in China exceeded the figures recorded by the second-largest producer, Belgium (121K tonnes), twofold. The third position in this ranking was occupied by the U.S. (78K tonnes), with a 9.9% share.
What are the leading suppliers of linseed oil to Colombia?
+
In value terms, the largest linseed oil suppliers to Colombia were Belgium ($222K), the U.S. ($140K) and Germany ($45K), together comprising 100% of total imports.
What are the leading importers of linseed oil from Colombia?
+
In value terms, Ecuador ($3.5K) remains the key foreign market for linseed oil exports from Colombia, comprising 99% of total exports. The second position in the ranking was occupied by Peru ($43), with a 1.2% share of total exports.
What is the average export price for linseed oil in Colombia?
+
In 2019, the average linseed oil export price amounted to $5,887 per tonne, which is down by -11.8% against the previous year.
What is the average import price for linseed oil in Colombia?
+
In 2019, the average linseed oil import price amounted to $1,174 per tonne, waning by -2.5% 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

2.1
KEY FINDINGS
2.2
MARKET TRENDS
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 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
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 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
Figure 8:
Market Forecast To 2025
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, 2007–2019
Figure 21:
Production, In Value Terms, 2007–2019
Figure 22:
Imports, In Physical Terms, 2007–2019
Figure 23:
Imports, In Value Terms, 2007–2019
Figure 24:
Imports, In Physical Terms, By Country, 2019
Figure 25:
Imports, In Physical Terms, By Country, 2007–2019
Figure 26:
Imports, In Value Terms, By Country, 2007–2019
Figure 27:
Import Prices, By Country Of Origin, 2007–2019
Figure 28:
Exports, In Physical Terms, 2007–2019
Figure 29:
Exports, In Value Terms, 2007–2019
Figure 30:
Exports, In Physical Terms, By Country, 2019
Figure 31:
Exports, In Physical Terms, By Country, 2007–2019
Figure 32:
Exports, In Value Terms, By Country, 2007–2019
Figure 33:
Export Prices, By Country Of Destination, 2007–2019

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