Peru: Linseed Market 2024

Linseed Market Size in Peru

The Peruvian linseed market expanded remarkably to $X in 2022, rising by X% against the previous year. Overall, the total consumption indicated temperate growth 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, consumption increased by X% against 2018 indices. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Linseed Production in Peru

In value terms, linseed production reached $X in 2022 estimated in export price. Overall, production, however, continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Linseed production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

The average yield of linseed in Peru stood at X kg per ha in 2022, remaining stable against the year before. In general, the yield showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, the yield reached the peak level of X kg per ha. From 2015 to 2022, the growth of the average linseed yield remained at a somewhat 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, the total area harvested in terms of linseed production in Peru surged to X ha, jumping by X% against the previous year's figure. Over the period under review, the harvested area, however, continues to indicate a pronounced downturn. The pace of growth was the most pronounced in 2017 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to linseed production attained the maximum at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

Linseed Exports

Exports from Peru

In 2022, approx. X tons of linseed were exported from Peru; picking up by X% compared with the year before. Over the period under review, exports recorded a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, linseed exports soared to $X in 2022. In general, exports posted a strong expansion. The pace of growth appeared the most rapid in 2013 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Ecuador (X tons) was the main destination for linseed exports from Peru, accounting for a X% share of total exports. Moreover, linseed exports to Ecuador exceeded the volume sent to the second major destination, the United States (X tons), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Ecuador was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Spain (X% per year).

In value terms, the largest markets for linseed exported from Peru were Ecuador ($X), the United States ($X) and Spain ($X), together accounting for X% of total exports.

In terms of the main countries of destination, Spain, with a CAGR of X%, 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 mixed trend patterns.

Export Prices by Country

The average linseed export price stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period under review, the export price continues to indicate a deep setback. The growth pace was the most rapid in 2014 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Ecuador ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (X%).

Linseed Imports

Imports into Peru

In 2022, overseas purchases of linseed decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, enjoyed a strong expansion. The growth pace was the most rapid in 2020 with an increase of 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 rose remarkably to $X in 2022. Overall, imports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Canada (X tons) constituted the largest supplier of linseed to Peru, with a X% share of total imports. Moreover, linseed imports from Canada exceeded the figures recorded by the second-largest supplier, Bolivia (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Canada totaled X%.

In value terms, Canada ($X) constituted the largest supplier of linseed to Peru, comprising X% of total imports. The second position in the ranking was taken by Bolivia ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Canada stood at X%.

Import Prices by Country

In 2022, the average linseed import price amounted to $X per ton, surging by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Bolivia ($X per ton), while the price for Canada amounted to $X per ton.

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

Source: IndexBox Platform

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