Latin America and the Caribbean: Linseed Market 2024

Linseed Market Size in Latin America and the Caribbean

In 2022, after two years of growth, there was significant decline in the Latin American linseed market, when its value decreased by X% to $X. In general, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Linseed Production in Latin America and the Caribbean

In value terms, linseed production reached $X in 2022 estimated in export price. Over the period under review, production, however, showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Argentina (X tons) remains the largest linseed producing country in Latin America and the Caribbean, comprising approx. X% of total volume. Moreover, linseed production in Argentina exceeded the figures recorded by the second-largest producer, Uruguay (X tons), threefold. The third position in this ranking was held by Brazil (X tons), with a X% share.

In Argentina, linseed production remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Uruguay (X% per year) and Brazil (X% per year).

In 2022, the average yield of linseed in Latin America and the Caribbean stood at X tons per ha, with an increase of X% on the year before. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, the yield attained the peak level of X tons per ha; afterwards, it flattened through to 2022. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of linseed production in Latin America and the Caribbean reached X ha, increasing by X% against the year before. Over the period under review, the harvested area, however, recorded a perceptible downturn. The most prominent rate of growth was recorded in 2020 when the harvested area increased by X% against the previous year. The level of harvested area peaked at X ha in 2015; however, from 2016 to 2022, the harvested area failed to regain momentum.

Linseed Exports

Exports in Latin America and the Caribbean

In 2022, shipments abroad of linseed increased by X% to X tons, rising for the second year in a row after four years of decline. In general, exports, however, saw a abrupt slump. The growth pace was the most rapid in 2016 with an increase of X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, linseed exports skyrocketed to $X in 2022. Overall, exports, however, saw a deep slump. The pace of growth was the most pronounced in 2016 with an increase of X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Argentina prevails in exports structure, resulting at X tons, which was near X% of total exports in 2022. It was distantly followed by Bolivia (X tons), achieving a X% share of total exports. Uruguay (X tons) took a minor share of total exports.

Exports from Argentina decreased at an average annual rate of X% from 2012 to 2022. At the same time, Bolivia (X%) and Uruguay (X%) displayed positive paces of growth. Moreover, Bolivia emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. While the share of Bolivia (X p.p.) and Uruguay (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Argentina (X p.p.) displayed negative dynamics.

In value terms, Argentina ($X) remains the largest linseed supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Bolivia ($X), with a X% share of total exports.

In Argentina, linseed exports declined by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Bolivia (X% per year) and Uruguay (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, falling by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Bolivia ($X per ton), while Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uruguay (X%), while the other leaders experienced mixed trends in the export price figures.

Linseed Imports

Imports in Latin America and the Caribbean

In 2022, purchases abroad of linseed decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then dropped in the following year.

In value terms, linseed imports expanded remarkably to $X in 2022. Total imports indicated a measured expansion from 2012 to 2022: its value 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, imports increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

The countries with the highest levels of linseed imports in 2022 were Colombia (X tons), Peru (X tons), Brazil (X tons) and Mexico (X tons), together finishing at X% of total import. Ecuador (X tons) ranks next in terms of the total imports with a X% share, followed by Chile (X%) and Costa Rica (X%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Peru (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest linseed importing markets in Latin America and the Caribbean were Mexico ($X), Colombia ($X) and Peru ($X), together comprising X% of total imports.

In terms of the main importing countries, Peru, with a CAGR of X%, 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 import price in Latin America and the Caribbean stood at $X per ton in 2022, jumping by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Mexico ($X per ton), while Brazil ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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