Indonesia: Linseed Oil Market Overview 2021

Linseed Oil Market Size in Indonesia

The Indonesian linseed oil market stood at $X in 2019, approximately equating the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a modest expansion from 2007 to 2019: its value 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. Based on 2019 figures, consumption increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2008 when the market value increased by X% y-o-y. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2019, consumption remained at a lower figure.

Linseed Oil Exports

Exports from Indonesia

In 2019, the amount of linseed oil exported from Indonesia soared to X tonnes, picking up by X% compared with the previous year. In general, exports saw a buoyant expansion. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Over the period under review, exports hit record highs at X tonnes in 2008; however, from 2009 to 2019, exports failed to regain the momentum.

In value terms, linseed oil exports surged to $X in 2019. Overall, exports saw temperate growth. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Exports peaked at $X in 2008; however, from 2009 to 2019, exports stood at a somewhat lower figure.

Exports by Country

New Caledonia (X tonnes), the United Arab Emirates (X tonnes) and Saint Vincent and the Grenadines (X tonnes) were the main destinations of linseed oil exports from Indonesia, together comprising X% of total exports.

From 2007 to 2019, the biggest increases were in Saint Vincent and the Grenadines (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for linseed oil exports from Indonesia, comprising X% of total exports. The second position in the ranking was occupied by Saint Vincent and the Grenadines ($X), with a X% share of total exports. It was followed by New Caledonia, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value to the United Arab Emirates was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Saint Vincent and the Grenadines (+X% per year) and New Caledonia (X% per year).

Export Prices by Country

In 2019, the average linseed oil export price amounted to $X per tonne, reducing by -X% against the previous year. In general, the export price showed a perceptible contraction. The pace of growth was the most pronounced in 2013 an increase of X% year-to-year. As a result, export price attained the peak level of $X per tonne. From 2014 to 2019, the growth in terms of the average export prices failed to regain the momentum.

There were significant differences in the average prices for the major foreign markets. In 2019, the country with the highest price was the United Arab Emirates ($X per tonne), while the average price for exports to New Caledonia ($X per tonne) was amongst the lowest.

From 2007 to 2019, 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 mixed trend patterns.

Linseed Oil Imports

Imports into Indonesia

In 2019, imports of linseed oil into Indonesia reached X tonnes, flattening at the previous year's figure. Over the period under review, total imports indicated a pronounced increase from 2007 to 2019: its volume 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. Based on 2019 figures, imports increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2010 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tonnes in 2015; however, from 2016 to 2019, imports stood at a somewhat lower figure.

In value terms, linseed oil imports rose to $X in 2019. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 with an increase of X% year-to-year. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2019, imports failed to regain the momentum.

Imports by Country

In 2019, Belgium (X tonnes) was the main linseed oil supplier to Indonesia, with a X% share of total imports. Moreover, linseed oil imports from Belgium exceeded the figures recorded by the second-largest supplier, Germany (X tonnes), more than tenfold.

From 2007 to 2019, the average annual rate of growth in terms of volume from Belgium totaled +X%.

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

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

Import Prices by Country

In 2019, the average linseed oil import price amounted to $X per tonne, increasing by X% against the previous year. In general, the import price, however, recorded a mild contraction. The pace of growth was the most pronounced in 2008 when the average import price increased by X% year-to-year. As a result, import price attained the peak level of $X per tonne. From 2009 to 2019, the growth in terms of the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2019, the country with the highest price was Belgium ($X per tonne), while the price for Germany stood at $X per tonne.

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

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. Gambia (67K tonnes) ranked third in terms of total consumption 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, accounting for 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 Indonesia?

+

In value terms, Belgium ($2.6M) constituted the largest supplier of linseed oil to Indonesia, comprising 94% of total imports. The second position in the ranking was occupied by Germany ($128K), with a 4.6% share of total imports.

What are the leading importers of linseed oil from Indonesia?

+

In value terms, the United Arab Emirates ($58K) emerged as the key foreign market for linseed oil exports from Indonesia, comprising 73% of total exports. The second position in the ranking was occupied by Saint Vincent and the Grenadines ($13K), with a 17% share of total exports. It was followed by New Caledonia, with a 5.7% share.

What is the average export price for linseed oil in Indonesia?

+

In 2019, the average linseed oil export price amounted to $1,181 per tonne, shrinking by -48.9% against the previous year.

What is the average import price for linseed oil in Indonesia?

+

The average linseed oil import price stood at $1,077 per tonne in 2019, picking up by 2% against the previous year.