Vietnam: Linseed Market 2022

Linseed Market Size in Vietnam

The Vietnamese linseed market rose modestly to $X in 2020, increasing 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). Overall, consumption recorded a prominent increase. The most prominent rate of growth was recorded in 2012 when the market value increased by X% against the previous year. Linseed consumption peaked at $X in 2017; however, from 2018 to 2020, consumption remained at a lower figure.

Linseed Exports

Exports from Vietnam

In 2020, approx. X kg of linseed were exported from Vietnam; falling by -X% against the previous year. Overall, exports recorded a dramatic contraction. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. As a result, exports attained the peak of X tonnes. from 2012 to 2020, the growth exports remained at a somewhat lower figure.

In value terms, linseed exports declined significantly to $X in 2020. Over the period under review, exports continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2011 with an increase of X% against the previous year. As a result, exports reached the peak of $X. from 2012 to 2020, the growth exports remained at a somewhat lower figure.

Exports by Country

Montenegro (X kg) was the main destination for linseed exports from Vietnam, accounting for a X% share of total exports. Moreover, linseed exports to Montenegro exceeded the volume sent to the second major destination, Estonia (X kg), more than tenfold.

From 2007 to 2020, the average annual growth rate of volume to Montenegro was relatively modest.

In value terms, Montenegro ($X) emerged as the key foreign market for linseed exports from Vietnam, comprising X% of total exports. The second position in the ranking was occupied by Estonia ($X), with a X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of value to Montenegro was relatively modest.

Export Prices by Country

The average linseed export price stood at $X per tonne in 2020, declining by -X% against the previous year. Overall, the export price, however, showed a buoyant increase. The pace of growth appeared the most rapid in 2019 when the average export price increased by X% against the previous year. As a result, export price reached the peak level of $X per tonne, and then declined markedly in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was Estonia ($X per tonne), while the average price for exports to Montenegro amounted to $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Estonia.

Linseed Imports

Imports into Vietnam

In 2020, approx. X tonnes of linseed were imported into Vietnam; picking up by X% on the year before. Over the period under review, imports posted significant growth. The most prominent rate of growth was recorded in 2012 when imports increased by X% year-to-year. Imports peaked at X tonnes in 2017; however, from 2018 to 2020, imports stood at a somewhat lower figure.

In value terms, linseed imports rose modestly to $X in 2020. Overall, imports posted a prominent increase. The growth pace was the most rapid in 2012 with an increase of X% y-o-y. Imports peaked at $X in 2017; however, from 2018 to 2020, imports remained at a lower figure.

Imports by Country

Canada (X tonnes), Italy (X tonnes) and Thailand (X tonnes) were the main suppliers of linseed imports to Vietnam, together comprising X% of total imports.

From 2007 to 2020, the biggest increases were in Italy (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest linseed suppliers to Vietnam were Canada ($X), Italy ($X) and Thailand ($X), together accounting for X% of total imports. These countries were followed by India, Argentina and France, which together accounted for a further X terms of the main suppliers, India recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2020, the average linseed import price amounted to $X per tonne, declining by -X% against the previous year. Over the period under review, the import price recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2013 an increase of X% year-to-year. As a result, import price reached the peak level of $X per tonne. from 2014 to 2020, the growth in terms of the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2020, the countries with the highest prices were Argentina ($X per tonne) and India ($X per tonne), while the price for Italy ($X per tonne) and France ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Canada, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform