United Arab Emirates: Linseed Market 2024

Linseed Market Size in the United Arab Emirates

In 2022, the linseed market in the United Arab Emirates decreased by X% to $X, falling for the second consecutive year after three years of growth. Over the period under review, consumption, however, enjoyed a modest increase. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Linseed Production in the United Arab Emirates

In value terms, linseed production expanded rapidly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

The average yield of linseed in the United Arab Emirates was estimated at less than X kg per ha in 2022, approximately equating the year before. Over the period under review, the yield saw a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of linseed in the United Arab Emirates amounted to less than X ha, almost unchanged from the previous year. Over the period under review, the harvested area recorded a relatively flat trend pattern.

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Linseed Exports

Exports from the United Arab Emirates

In 2022, shipments abroad of linseed was finally on the rise to reach X tons after four years of decline. In general, exports continue to indicate a remarkable increase. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, linseed exports soared to $X in 2022. Over the period under review, exports, however, showed a pronounced slump. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Egypt (X tons) was the main destination for linseed exports from the United Arab Emirates, with a X% share of total exports. Moreover, linseed exports to Egypt exceeded the volume sent to the second major destination, Iran (X tons), threefold. The third position in this ranking was held by Iraq (X tons), with a X% share.

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

In value terms, Egypt ($X), Iran ($X) and Iraq ($X) constituted the largest markets for linseed exported from the United Arab Emirates worldwide, together accounting for X% of total exports. Kuwait, Oman, Saudi Arabia and India lagged somewhat behind, together comprising a further X%.

Kuwait, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average linseed export price stood at $X per ton in 2022, waning by X% against the previous year. Over the period under review, the export price continues to indicate a abrupt decrease. The growth pace was the most rapid in 2021 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 Saudi Arabia ($X per ton), while the average price for exports to Egypt ($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 Iran (X%), while the prices for the other major destinations experienced a decline.

Linseed Imports

Imports into the United Arab Emirates

Linseed imports into the United Arab Emirates soared to X tons in 2022, jumping by X% on the previous year. Over the period under review, imports continue to indicate a remarkable increase. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, linseed imports skyrocketed to $X in 2022. In general, imports posted a strong increase. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Russia (X tons) constituted the largest supplier of linseed to the United Arab Emirates, accounting for a X% share of total imports. Moreover, linseed imports from Russia exceeded the figures recorded by the second-largest supplier, India (X tons), twofold. The third position in this ranking was held by Canada (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Russia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Canada (X% per year).

In value terms, Russia ($X), India ($X) and Canada ($X) appeared to be the largest linseed suppliers to the United Arab Emirates, with a combined X% share of total imports.

Among the main suppliers, Russia, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average linseed import price stood at $X per ton in 2022, declining by X% against the previous year. In general, import price indicated notable growth 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 import price increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. The import price peaked at $X per ton in 2021, and then fell in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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