Cote d'Ivoire: Linseed Oil Market 2024

Linseed Oil Market Size in Cote d'Ivoire

The Cote d'Ivoire's linseed oil market surged to $X in 2022, with an increase of X% against the previous year. In general, consumption showed a resilient expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Linseed Oil Production in Cote d'Ivoire

In value terms, linseed oil production amounted to $X in 2022 estimated in export price. In general, production faced a dramatic slump. The growth pace was the most rapid in 2017 with an increase of X,300%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Linseed Oil Exports

Exports from Cote d'Ivoire

Linseed oil exports from Cote d'Ivoire declined to X kg in 2022, which is down by X% against 2021 figures. Overall, exports faced a precipitous setback. The pace of growth was the most pronounced in 2017 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, linseed oil exports dropped notably to $X in 2022. In general, exports faced a dramatic curtailment. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Senegal (X kg) was the main destination for linseed oil exports from Cote d'Ivoire, with a X% share of total exports. Moreover, linseed oil exports to Senegal exceeded the volume sent to the second major destination, Togo (X kg), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Senegal totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Togo (X% per year) and Burkina Faso (X% per year).

In value terms, Togo ($X) remains the key foreign market for linseed oil exports from Cote d'Ivoire, comprising X% of total exports. The second position in the ranking was taken by Senegal ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Togo totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Senegal (X% per year) and Burkina Faso (X% per year).

Export Prices by Country

In 2022, the average linseed oil export price amounted to $X per ton, declining by X% against the previous year. Overall, the export price, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2019 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2021, and then fell in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Burkina Faso ($X per ton), while the average price for exports to Senegal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Burkina Faso (X%), while the prices for the other major destinations experienced more modest paces of growth.

Linseed Oil Imports

Imports into Cote d'Ivoire

In 2022, the amount of linseed oil imported into Cote d'Ivoire soared to X tons, jumping by X% on the previous year's figure. In general, imports, however, recorded a perceptible curtailment. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, linseed oil imports skyrocketed to $X in 2022. Overall, imports continue to indicate a temperate increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest linseed oil supplier to Cote d'Ivoire, accounting for a X% share of total imports. Moreover, linseed oil imports from China exceeded the figures recorded by the second-largest supplier, France (X kg), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Burkina Faso (X% per year).

In value terms, China ($X) constituted the largest supplier of linseed oil to Cote d'Ivoire, comprising X% of total imports. The second position in the ranking was held by France ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Burkina Faso (X% per year).

Import Prices by Country

In 2022, the average linseed oil import price amounted to $X per ton, picking up by X% against the previous year. Overall, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, linseed oil import price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2015 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Burkina Faso ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :