India: Linseed Market 2022

Linseed Market Size in India

In 2020, the Indian linseed market was finally on the rise to reach $X for the first time since 2017, thus ending a two-year declining trend. Over the period under review, consumption, however, saw a perceptible shrinkage. The growth pace was the most rapid in 2017 when the market value increased by X% y-o-y. As a result, consumption reached the peak level of $X. from 2018 to 2020, the growth of the market failed to regain the momentum.

Linseed Production in India

In value terms, linseed production skyrocketed to $X in 2020 estimated in export prices. In general, production, however, continues to indicate a deep setback. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2007; however, from 2008 to 2020, production failed to regain the momentum.

The average yield of linseed in India expanded significantly to X kg per ha in 2020, with an increase of X% on the year before. Over the period under review, the yield indicated a perceptible increase from 2007 to 2020: its figure increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, linseed yield increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2017 when the yield increased by X% year-to-year. Over the period under review, the average linseed yield attained the maximum level in 2020 and is expected to retain growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, the total area harvested in terms of linseed production in India soared to X ha, picking up by X% against 2019. In general, the harvested area, however, saw a abrupt downturn. Over the period under review, the harvested area dedicated to linseed production reached the peak figure at X ha in 2008; however, from 2009 to 2020, the harvested area failed to regain the momentum.

Linseed Exports

Exports from India

In 2020, shipments abroad of linseed decreased by -X% to X tonnes for the first time since 2016, thus ending a three-year rising trend. Overall, exports saw a abrupt descent. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. Over the period under review, exports attained the maximum at X tonnes in 2007; however, from 2008 to 2020, exports remained at a lower figure.

In value terms, linseed exports rose slightly to $X in 2020. Over the period under review, exports saw a abrupt decrease. The most prominent rate of growth was recorded in 2018 when exports increased by X% year-to-year. Over the period under review, exports attained the peak figure at $X in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Germany (X tonnes), the U.S. (X tonnes) and the Netherlands (X tonnes) were the main destinations of linseed exports from India, with a combined X% share of total exports. These countries were followed by Canada, the United Arab Emirates, Slovenia and Australia, which together accounted for a further X 2007 to 2020, the biggest increases were in Canada (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the U.S. ($X) and the Netherlands ($X) were the largest markets for linseed exported from India worldwide, together accounting for X% of total exports. These countries were followed by Canada, the United Arab Emirates, Slovenia and Australia, which together accounted for a further X the main countries of destination, Canada (+X% per year) saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average linseed export price amounted to $X per tonne, with an increase of X% against the previous year. In general, the export price, however, saw a pronounced descent. The growth pace was the most rapid in 2016 when the average export price increased by X% y-o-y. The export price peaked at $X per tonne in 2007; however, from 2008 to 2020, export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2020, the highest prices were recorded for prices to Australia ($X per tonne) and the Netherlands ($X per tonne), while the average price for exports to the United Arab Emirates ($X per tonne) and Canada ($X per tonne) were amongst the lowest.

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

Linseed Imports

Imports into India

In 2020, after two years of growth, there was significant decline in purchases abroad of linseed, when their volume decreased by -X% to X tonnes. In general, imports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. Imports peaked at X tonnes in 2007; however, from 2008 to 2020, imports remained at a lower figure.

In value terms, linseed imports amounted to $X in 2020. Over the period under review, imports continue to indicate a noticeable decrease. The pace of growth was the most pronounced in 2018 when imports increased by X% year-to-year. Over the period under review, imports hit record highs at $X in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Nepal (X tonnes) constituted the largest linseed supplier to India, with a X% share of total imports. Moreover, linseed imports from Nepal exceeded the figures recorded by the second-largest supplier, the U.S. (X tonnes), fivefold.

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

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

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

Import Prices by Country

The average linseed import price stood at $X per tonne in 2020, increasing by X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per tonne), while the price for Nepal ($X per tonne) was amongst the lowest.

From 2007 to 2020, 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 mixed trend patterns.

Source: IndexBox Platform