Venezuela: Linseed Market 2022

Linseed Market Size in Venezuela

The Venezuelan linseed market shrank notably to $X in 2021, waning by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a slight downturn. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Linseed Exports

Exports from Venezuela

In 2021, shipments abroad of linseed decreased by X% to less than X kg for the first time since 2018, thus ending a two-year declining trend. In general, exports showed a relatively flat trend pattern. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, linseed exports totaled less than $X in 2021. Overall, exports continue to indicate a relatively flat trend pattern. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for linseed exports from Venezuela, accounting for a approx. X% share of total exports.

From 2012 to 2018, the average annual rate of growth in terms of volume to Germany was relatively modest.

From 2012 to 2018, the average annual rate of growth in terms of value to Germany was relatively modest.

Export Prices by Country

In 2018, the average linseed export price amounted to $X per ton, remaining stable against the previous year. In general, the export price recorded a relatively flat trend pattern. The export price peaked in 2018 and is likely to see steady growth in the near future.

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

From 2012 to 2018, the rate of growth in terms of prices for Germany amounted to X% per year.

Linseed Imports

Imports into Venezuela

After two years of growth, overseas purchases of linseed decreased by -X% to X tons in 2021. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2020, and then fell rapidly in the following year.

In value terms, linseed imports contracted notably to $X in 2021. In general, imports continue to indicate a pronounced downturn. The pace of growth appeared the most rapid in 2019 with an increase of X%. Imports peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Canada (X tons) constituted the largest linseed supplier to Venezuela, accounting for a X% share of total imports. Moreover, linseed imports from Canada exceeded the figures recorded by the second-largest supplier, the United States (X tons), sevenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Canada was relatively modest.

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

From 2012 to 2021, the average annual rate of growth in terms of value from Canada totaled -X%.

Import Prices by Country

The average linseed import price stood at $X per ton in 2021, surging by X% against the previous year. Over the period under review, the import price, however, showed a perceptible contraction. The most prominent rate of growth was recorded in 2015 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for Canada totaled $X per ton.

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

Source: IndexBox Platform