SADC: Linseed Oil Market 2024

Linseed Oil Market Size in SADC

In 2022, the SADC linseed oil market increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption enjoyed a noticeable expansion. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in the immediate term.

Linseed Oil Production in SADC

In value terms, linseed oil production declined modestly to $X in 2022 estimated in export price. In general, production, however, showed a temperate increase. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Linseed Oil Exports

Exports in SADC

In 2022, exports of linseed oil in SADC dropped to X tons, waning by X% compared with 2021 figures. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, linseed oil exports fell to $X in 2022. Overall, exports, however, saw strong growth. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, the exports reached the peak of $X, and then shrank in the following year.

Exports by Country

South Africa represented the key exporting country with an export of about X tons, which reached X% of total exports. It was distantly followed by Tanzania (X tons), comprising a X% share of total exports. Democratic Republic of the Congo (X tons) and Zambia (X tons) followed a long way behind the leaders.

Exports from South Africa increased at an average annual rate of X% from 2012 to 2022. At the same time, Zambia (X%) and Democratic Republic of the Congo (X%) displayed positive paces of growth. Moreover, Zambia emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2022. By contrast, Tanzania (X%) illustrated a downward trend over the same period. South Africa (X p.p.), Democratic Republic of the Congo (X p.p.) and Zambia (X p.p.) significantly strengthened its position in terms of the total exports, while Tanzania saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the largest linseed oil supplying countries in SADC were South Africa ($X), Tanzania ($X) and Zambia ($X), with a combined X% share of total exports.

Zambia, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in SADC stood at $X per ton in 2022, surging by X% against the previous year. In general, the export price enjoyed a prominent increase. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure in 2022 and is likely to see gradual growth in the immediate term.

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 Tanzania ($X per ton), while Democratic Republic of the Congo ($X per ton) was amongst the lowest.

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

Linseed Oil Imports

Imports in SADC

In 2022, overseas purchases of linseed oil increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, imports, however, saw a pronounced contraction. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, linseed oil imports skyrocketed to $X in 2022. Overall, imports saw a temperate increase. The pace of growth appeared the most rapid in 2021 when imports increased by X%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

South Africa (X tons) and Mozambique (X tons) represented roughly X% of total imports in 2022. Botswana (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Madagascar (X%), Angola (X%) and Tanzania (X%). Lesotho (X tons) held a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Mozambique (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest linseed oil importing markets in SADC were South Africa ($X), Mozambique ($X) and Botswana ($X), with a combined X% share of total imports.

Mozambique, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in SADC amounted to $X per ton, growing by X% against the previous year. Import price indicated a buoyant expansion from 2012 to 2022: its price 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, linseed oil import price increased by X% against 2018 indices. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, import prices reached the peak figure in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Madagascar ($X per ton), while Tanzania ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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