Israel: Linseed Oil Market Overview 2021

Linseed Oil Market Size in Israel

In 2019, after two years of decline, there was significant growth in the Israeli linseed oil market, when its value increased by X% to $X. Overall, consumption, however, recorded a perceptible descent. The most prominent rate of growth was recorded in 2014 when the market value increased by X% y-o-y. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2019, consumption stood at a somewhat lower figure.

Linseed Oil Production in Israel

In value terms, linseed oil production shrank modestly to $X in 2019 estimated in export prices. Over the period under review, the total production indicated a modest expansion from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +X% against 2017 indices. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. Linseed oil production peaked at $X in 2012; however, from 2013 to 2019, production stood at a somewhat lower figure.

Linseed Oil Exports

Exports from Israel

In 2019, exports of linseed oil from Israel surged to X tonnes, with an increase of X% against the previous year's figure. In general, exports showed a significant increase. The growth pace was the most rapid in 2013 with an increase of X% y-o-y. Exports peaked in 2019 and are likely to see steady growth in the near future.

In value terms, linseed oil exports surged to $X in 2019. Over the period under review, exports posted significant growth. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. Over the period under review, exports attained the maximum in 2019 and are expected to retain growth in the immediate term.

Exports by Country

The U.S. (X tonnes) was the main destination for linseed oil exports from Israel, with a X% share of total exports. It was followed by the UK (X tonnes), with a X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of volume to the U.S. amounted to +X%.

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

From 2007 to 2019, the average annual rate of growth in terms of value to the U.S. amounted to +X%.

Export Prices by Country

The average linseed oil export price stood at $X per tonne in 2019, reducing by -X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 when the average export price increased by X% year-to-year. The export price peaked at $X per tonne in 2014; however, from 2015 to 2019, export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2019, the country with the highest price was the U.S. ($X per tonne), while the average price for exports to the UK amounted to $X per tonne.

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

Linseed Oil Imports

Imports into Israel

For the third year in a row, Israel recorded growth in supplies from abroad of linseed oil, which increased by X% to X tonnes in 2019. In general, total imports indicated perceptible growth 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 was the most pronounced in 2011 with an increase of X% y-o-y. As a result, imports reached the peak of X tonnes. From 2012 to 2019, the growth imports failed to regain the momentum.

In value terms, linseed oil imports contracted to $X in 2019. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Imports peaked at $X in 2011; however, from 2012 to 2019, imports failed to regain the momentum.

Imports by Country

Germany (X tonnes), Belgium (X tonnes) and the Netherlands (X tonnes) were the main suppliers of linseed oil imports to Israel, with a combined X% share of total imports. These countries were followed by Ukraine, Italy and France, which together accounted for a further X 2007 to 2019, the biggest increases were in France (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Germany ($X) and the Netherlands ($X) were the largest linseed oil suppliers to Israel, with a combined X% share of total imports. Italy, Ukraine and France lagged somewhat behind, together comprising a further X the main suppliers, France saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average linseed oil import price stood at $X per tonne in 2019, waning by -X% against the previous year. Over the period under review, the import price continues to indicate a slight slump. The most prominent rate of growth was recorded in 2008 an increase of X% against the previous 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 lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Belgium ($X per tonne), while the price for France ($X per tonne) was amongst the lowest.

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

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The countries with the highest volumes of linseed oil consumption in 2019 were China (353K tonnes), Turkey (181K tonnes) and the U.S. (103K tonnes), with a combined 60% share of global consumption.

What are the largest producers of linseed oil in the world?

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The countries with the highest volumes of linseed oil production in 2019 were China (355K tonnes), Turkey (188K tonnes) and Belgium (116K tonnes), together comprising 67% of global production.

What are the leading suppliers of linseed oil to Israel?

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In value terms, the largest linseed oil suppliers to Israel were Belgium ($146K), Germany ($98K) and the Netherlands ($62K), with a combined 82% share of total imports. Italy, Ukraine and France lagged somewhat behind, together accounting for a further 18%.

What are the leading importers of linseed oil from Israel?

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In value terms, the U.S. ($1.3M) remains the key foreign market for linseed oil exports from Israel, comprising 97% of total exports. The second position in the ranking was occupied by the UK ($25K), with a 1.9% share of total exports.

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

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The average linseed oil export price stood at $1,022 per tonne in 2019, waning by -2% against the previous year.

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

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The average linseed oil import price stood at $1,032 per tonne in 2019, declining by -21.2% against the previous year.