Thailand: Linseed Market Overview 2021

Linseed Market Size in Thailand

After two years of growth, the Thai linseed market decreased by -X% to $X in 2019. In general, consumption, however, showed significant growth. The pace of growth appeared the most rapid in 2008 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs at $X in 2018, and then shrank in the following year.

Linseed Exports

Exports from Thailand

Linseed exports from Thailand skyrocketed to X tonnes in 2019, increasing by X% compared with the previous year. In general, exports recorded a resilient expansion. The pace of growth appeared the most rapid in 2010 when exports increased by X% against the previous year. Over the period under review, exports reached the maximum in 2019 and are expected to retain growth in years to come.

In value terms, linseed exports soared to $X in 2019. Over the period under review, exports showed a remarkable increase. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Over the period under review, exports attained the peak figure in 2019 and are likely to see steady growth in the near future.

Exports by Country

Viet Nam (X tonnes) was the main destination for linseed exports from Thailand, with a X% share of total exports. Moreover, linseed exports to Viet Nam exceeded the volume sent to the second major destination, the Philippines (X kg), more than tenfold. Maldives (X kg) ranked third in terms of total exports with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume to Viet Nam amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (+X% per year) and Maldives (+X% per year).

In value terms, Viet Nam ($X) remains the key foreign market for linseed exports from Thailand, comprising X% of total exports. The second position in the ranking was occupied by Maldives ($X), with a X% share of total exports. It was followed by the Philippines, with a X% share.

From 2007 to 2019, the average annual growth rate of value to Viet Nam totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (+X% per year) and the Philippines (+X% per year).

Export Prices by Country

The average linseed export price stood at $X per tonne in 2019, jumping by X% against the previous year. Overall, the export price recorded a perceptible increase. The export price peaked at $X per tonne in 2012; however, from 2013 to 2019, export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2019, the highest prices were recorded for prices to Maldives ($X per tonne) and Viet Nam ($X per tonne), while the average price for exports to the Philippines ($X per tonne) and Lao People's Democratic Republic ($X per tonne) were amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+X% per year), while the prices for the other major destinations experienced more modest paces of growth.

Linseed Imports

Imports into Thailand

In 2019, after two years of growth, there was significant decline in purchases abroad of linseed, when their volume decreased by -X% to X tonnes. Over the period under review, imports, however, posted significant growth. The pace of growth appeared the most rapid in 2008 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tonnes in 2018, and then fell notably in the following year.

In value terms, linseed imports declined slightly to $X in 2019. In general, imports, however, posted a significant increase. The pace of growth was the most pronounced in 2008 when imports increased by X% y-o-y. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2019, imports remained at a lower figure.

Imports by Country

In 2019, Canada (X tonnes) constituted the largest supplier of linseed to Thailand, accounting for a X% share of total imports. Moreover, linseed imports from Canada exceeded the figures recorded by the second-largest supplier, China (X tonnes), sevenfold.

From 2007 to 2019, the average annual rate of growth in terms of volume from Canada amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and Australia (+X% per year).

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

From 2007 to 2019, the average annual rate of growth in terms of value from Canada stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+X% per year) and China (+X% per year).

Import Prices by Country

In 2019, the average linseed import price amounted to $X per tonne, with an increase of X% against the previous year. Over the period under review, the import price, however, faced a deep contraction. The growth pace was the most rapid in 2009 when the average import price increased by X% against the previous year. The import price peaked at $X per tonne in 2007; however, from 2008 to 2019, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Australia ($X per tonne), while the price for Canada ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Australia, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for linseed in the world?

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The countries with the highest volumes of linseed consumption in 2019 were China (741K tonnes), Kazakhstan (531K tonnes) and Belgium (392K tonnes), with a combined 54% share of global consumption. These countries were followed by the U.S., Germany, Russia, Canada, India, Ethiopia, France, Afghanistan, the Netherlands and Poland, which together accounted for a further 34%.

What are the largest producers of linseed in the world?

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The countries with the highest volumes of linseed production in 2019 were Kazakhstan (1M tonnes), Russia (659K tonnes) and Canada (486K tonnes), with a combined 70% share of global production.

What are the leading suppliers of linseed to Thailand?

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In value terms, Canada ($142K) constituted the largest supplier of linseed to Thailand, comprising 54% of total imports. The second position in the ranking was occupied by Australia ($56K), with a 21% share of total imports.

What are the leading importers of linseed from Thailand?

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In value terms, Viet Nam ($16K) remains the key foreign market for linseed exports from Thailand, comprising 83% of total exports. The second position in the ranking was occupied by Maldives ($1.1K), with a 5.8% share of total exports. It was followed by the Philippines, with a 4.7% share.

What is the average export price for linseed in Thailand?

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In 2019, the average linseed export price amounted to $2,726 per tonne, growing by 42% against the previous year.

What is the average import price for linseed in Thailand?

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The average linseed import price stood at $791 per tonne in 2019, increasing by 18% against the previous year.