United Arab Emirates: Linseed Oil Market Overview 2021

Linseed Oil Market Size in the United Arab Emirates

The linseed oil market in the United Arab Emirates totaled $X in 2018, flattening at the previous year. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X; afterwards, it flattened through to 2018.

Linseed Oil Production in the United Arab Emirates

In value terms, linseed oil production skyrocketed to $X in 2019 estimated in export prices. In general, production, however, continues to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2011 with an increase of X% y-o-y. Over the period under review, production reached the maximum level at $X in 2007; however, from 2008 to 2019, production failed to regain the momentum.

Linseed Oil Exports

Exports from the United Arab Emirates

In 2019, overseas shipments of linseed oil were finally on the rise to reach X tonnes for the first time since 2016, thus ending a two-year declining trend. Over the period under review, exports, however, faced a deep setback. The pace of growth appeared the most rapid in 2016 when exports increased by X% year-to-year. Exports peaked at X tonnes in 2007; however, from 2008 to 2019, exports failed to regain the momentum.

In value terms, linseed oil exports contracted to $X in 2019. Overall, exports, however, faced a deep setback. The pace of growth was the most pronounced in 2011 with an increase of X% year-to-year. Over the period under review, exports attained the maximum at $X in 2007; however, from 2008 to 2019, exports failed to regain the momentum.

Exports by Country

Gambia (X tonnes) was the main destination for linseed oil exports from the United Arab Emirates, with a X% share of total exports. Moreover, linseed oil exports to Gambia exceeded the volume sent to the second major destination, Saudi Arabia (X tonnes), twofold.

From 2007 to 2019, the average annual rate of growth in terms of volume to Gambia totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+X% per year) and Kuwait (-X% per year).

In value terms, Gambia ($X), Saudi Arabia ($X) and Kuwait ($X) were the largest markets for linseed oil exported from the United Arab Emirates worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, Gambia saw the highest rates of growth with regard to 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 2019, the average linseed oil export price amounted to $X per tonne, with a decrease of -X% against the previous year. Over the period under review, the export price continues to indicate a pronounced decline. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. Over the period under review, average export prices reached the peak figure at $X per tonne in 2012; however, from 2013 to 2019, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Kuwait ($X per tonne), while the average price for exports to Gambia ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia, while the prices for the other major destinations experienced more modest paces of growth.

Linseed Oil Imports

Imports into the United Arab Emirates

In 2019, supplies from abroad of linseed oil decreased by -X% to X tonnes for the first time since 2015, thus ending a three-year rising trend. In general, imports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2016 when imports increased by X% y-o-y. Imports peaked at X tonnes in 2008; however, from 2009 to 2019, imports remained at a lower figure.

In value terms, linseed oil imports declined to $X in 2019. Overall, imports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. As a result, imports attained the peak of $X. From 2009 to 2019, the growth imports remained at a lower figure.

Imports by Country

In 2019, Belgium (X tonnes) constituted the largest linseed oil supplier to the United Arab Emirates, with a X% share of total imports. Moreover, linseed oil imports from Belgium exceeded the figures recorded by the second-largest supplier, the U.S. (X tonnes), threefold. The Netherlands (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual growth rate of volume from Belgium amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (+X% per year) and the Netherlands (-X% per year).

In value terms, Belgium ($X), the U.S. ($X) and the Netherlands ($X) constituted the largest linseed oil suppliers to the United Arab Emirates, with a combined X% share of total imports.

The U.S. saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average linseed oil import price stood at $X per tonne in 2019, growing by X% against the previous year. Over the period under review, import price indicated a perceptible expansion from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 an increase of X% against the previous year. The import price peaked at $X per tonne in 2009; however, from 2010 to 2019, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was the U.S. ($X per tonne), while the price for the Netherlands ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the U.S., while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for linseed oil in the world?

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China (287K tonnes) remains the largest linseed oil consuming country worldwide, comprising approx. 32% of total volume. Moreover, linseed oil consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (75K tonnes), fourfold. The third position in this ranking was occupied by Gambia (67K tonnes), with a 7.4% share.

What are the largest producers of linseed oil in the world?

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China (247K tonnes) constituted the country with the largest volume of linseed oil production, accounting for 31% of total volume. Moreover, linseed oil production in China exceeded the figures recorded by the second-largest producer, Belgium (121K tonnes), twofold. The U.S. (78K tonnes) ranked third in terms of total production with a 9.9% share.

What are the leading suppliers of linseed oil to the United Arab Emirates?

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In value terms, the largest linseed oil suppliers to the United Arab Emirates were Belgium ($202K), the U.S. ($152K) and the Netherlands ($43K), with a combined 83% share of total imports.

What are the leading importers of linseed oil from the United Arab Emirates?

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In value terms, Gambia ($331K), Saudi Arabia ($290K) and Kuwait ($30K) appeared to be the largest markets for linseed oil exported from the United Arab Emirates worldwide, together comprising 100% of total exports.

What is the average export price for linseed oil in the United Arab Emirates?

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The average linseed oil export price stood at $741 per tonne in 2019, waning by -47.5% against the previous year.

What is the average import price for linseed oil in the United Arab Emirates?

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The average linseed oil import price stood at $2,050 per tonne in 2019, increasing by 41% against the previous year.