South-Eastern Asia: Linseed Market 2024

Linseed Market Size in South-Eastern Asia

The Southeast Asian linseed market contracted to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption, however, recorded buoyant growth. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Linseed Production in South-Eastern Asia

In value terms, linseed production contracted notably to $X in 2022 estimated in export price. In general, production, however, recorded a precipitous decrease. The pace of growth was the most pronounced in 2021 with an increase of X,200%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Myanmar (X tons) constituted the country with the largest volume of linseed production, accounting for X% of total volume.

From 2012 to 2022, the average annual growth rate of volume in Myanmar stood at X%.

Linseed Exports

Exports in South-Eastern Asia

In 2022, shipments abroad of linseed increased by X% to X tons, rising for the second year in a row after two years of decline. In general, exports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, linseed exports shrank to $X in 2022. Overall, exports posted a pronounced increase. The most prominent rate of growth was recorded in 2016 when exports increased by X%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Myanmar dominates exports structure, resulting at X tons, which was approx. X% of total exports in 2022. It was distantly followed by Singapore (X tons), making up a X% share of total exports. Thailand (X tons) took a minor share of total exports.

Exports from Myanmar increased at an average annual rate of X% from 2012 to 2022. At the same time, Thailand (X%) and Singapore (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2022. Myanmar (X p.p.), Singapore (X p.p.) and Thailand (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Myanmar ($X), Singapore ($X) and Thailand ($X) were the countries with the highest levels of exports in 2022, together accounting for X% of total exports.

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

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, dropping by X% against the previous year. Overall, the export price, however, continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

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

Linseed Imports

Imports in South-Eastern Asia

In 2022, approx. X tons of linseed were imported in South-Eastern Asia; shrinking by X% against 2021. Overall, imports, however, enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, linseed imports totaled $X in 2022. In general, imports, however, showed a resilient increase. The pace of growth was the most pronounced in 2016 with an increase of X%. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Thailand was the largest importing country with an import of about X tons, which recorded X% of total imports. The Philippines (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Malaysia (X%), Singapore (X%), Indonesia (X%) and Vietnam (X%).

Thailand was also the fastest-growing in terms of the linseed imports, with a CAGR of X% from 2012 to 2022. At the same time, the Philippines (X%), Malaysia (X%), Vietnam (X%), Indonesia (X%) and Singapore (X%) displayed positive paces of growth. Thailand (X p.p.) significantly strengthened its position in terms of the total imports, while Vietnam, Indonesia and Singapore saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) constitutes the largest market for imported linseed in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Singapore ($X), with a X% share of total imports. It was followed by Malaysia, with a X% share.

In Thailand, linseed imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Singapore (X% per year) and Malaysia (X% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, import prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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