Sri Lanka: Linseed Market 2022

Linseed Market Size in Sri Lanka

In 2021, the Sri Lankan linseed market increased by X% to $X, rising for the sixth consecutive year after three years of decline. Overall, consumption, however, showed resilient growth. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the immediate term.

Linseed Exports

Exports from Sri Lanka

In 2021, overseas shipments of linseed increased by X% to X kg, rising for the second consecutive year after seven years of decline. Over the period under review, exports showed a prominent increase. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, linseed exports soared to $X in 2021. In general, exports posted prominent growth. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Maldives (X kg) was the main destination for linseed exports from Sri Lanka, with a approx. X% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Maldives totaled +X%.

In value terms, Maldives ($X) also remains the key foreign market for linseed exports from Sri Lanka.

From 2012 to 2021, the average annual growth rate of value to Maldives totaled +X%.

Export Prices by Country

In 2021, the average linseed export price amounted to $X per ton, rising by X% against the previous year. Overall, the export price, however, recorded a pronounced descent. The pace of growth was the most pronounced in 2015 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Maldives.

From 2012 to 2021, the rate of growth in terms of prices for Maldives amounted to -X% per year.

Linseed Imports

Imports into Sri Lanka

After five years of growth, purchases abroad of linseed decreased by -X% to X tons in 2021. Overall, imports, however, recorded a resilient increase. The pace of growth appeared the most rapid in 2019 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2020, and then shrank in the following year.

In value terms, linseed imports expanded sharply to $X in 2021. Over the period under review, imports, however, posted a buoyant expansion. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, India (X tons) was the main supplier of linseed to Sri Lanka, with a X% share of total imports. It was followed by Australia (X kg), with a X% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from India amounted to +X%.

In value terms, India ($X) constituted the largest supplier of linseed to Sri Lanka, comprising X% of total imports. The second position in the ranking was taken by Australia ($X), with an X% share of total imports.

From 2012 to 2021, the average annual growth rate of value from India stood at +X%.

Import Prices by Country

In 2021, the average linseed import price amounted to $X per ton, rising by X% against the previous year. Over the period under review, import price indicated mild growth from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 an increase of X%. Over the period under review, average import prices reached the maximum in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by the country of origin: the country with the highest price was Australia ($X per ton), while the price for India amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+X%).

Source: IndexBox Platform