Middle East: Linseed Market 2024

Linseed Market Size in the Middle East

The Middle Eastern linseed market shrank dramatically to $X in 2022, dropping by X% against the previous year. Over the period under review, consumption showed a deep setback. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Linseed Production in the Middle East

In value terms, linseed production stood at $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of X%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

The country with the largest volume of linseed production was the United Arab Emirates (X tons), accounting for X% of total volume. It was followed by Saudi Arabia (X tons), with a X% share of total production.

From 2012 to 2022, the average annual growth rate of volume in the United Arab Emirates was relatively modest. In the other countries, the average annual rates were as follows: Saudi Arabia (X% per year) and Iraq (X% per year).

The average linseed yield totaled X tons per ha in 2022, stabilizing at the year before. Over the period under review, the yield continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X%. The level of yield peaked at X tons per ha in 2020; however, from 2021 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of linseed were harvested in the Middle East; therefore, remained relatively stable against 2021. Over the period under review, the harvested area showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, the harvested area reached the peak level of X ha. From 2015 to 2022, the growth of the linseed harvested area remained at a somewhat lower figure.

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Linseed Exports

Exports in the Middle East

In 2022, overseas shipments of linseed increased by X% to X tons, rising for the second year in a row after three years of decline. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, linseed exports skyrocketed to $X in 2022. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Turkey dominates exports structure, recording X tons, which was near X% of total exports in 2022. The United Arab Emirates (X tons) took a little share of total exports.

Turkey was also the fastest-growing in terms of the linseed exports, with a CAGR of X% from 2012 to 2022. At the same time, the United Arab Emirates (X%) displayed positive paces of growth. While the share of Turkey (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United Arab Emirates (X p.p.) displayed negative dynamics.

In value terms, Turkey ($X) remains the largest linseed supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey amounted to X%.

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, growing by X% against the previous year. Overall, the export price, however, showed a deep reduction. The pace of growth was the most pronounced in 2020 an increase of X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Turkey amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%).

Linseed Imports

Imports in the Middle East

In 2022, overseas purchases of linseed increased by X% to X tons, rising for the second consecutive year after four years of decline. In general, imports, however, saw a drastic downturn. The pace of growth appeared the most rapid in 2016 with an increase of X%. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, linseed imports reduced to $X in 2022. Over the period under review, imports, however, saw a perceptible shrinkage. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

Turkey dominates imports structure, finishing at X tons, which was approx. X% of total imports in 2022. It was distantly followed by Israel (X tons), generating a X% share of total imports. The following importers - the United Arab Emirates (X tons) and Iran (X tons) - each finished at a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to linseed imports into Turkey stood at X%. At the same time, the United Arab Emirates (X%), Israel (X%) and Iran (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. While the share of Israel (X p.p.), the United Arab Emirates (X p.p.) and Iran (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Turkey (X p.p.) displayed negative dynamics.

In value terms, Turkey ($X) constitutes the largest market for imported linseed in the Middle East, comprising X% of total imports. The second position in the ranking was held by Israel ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey stood at X%. In the other countries, the average annual rates were as follows: Israel (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, declining by X% against the previous year. In general, the import price, however, continues to indicate a noticeable increase. The growth pace was the most rapid in 2017 when the import price increased by X% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2021, and then fell in the following year.

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 Israel ($X per ton), while Iran ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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