China - Linseed Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingLinseed Oil Import in China Surges 17%, Averaging $4.5M in April 2023
China Linseed Oil Imports
In April 2023, approximately 4.3K tons of linseed oil were imported into China; picking up by 20% on the previous month. Overall, imports posted a resilient expansion. The pace of growth was the most pronounced in March 2023 with an increase of 526% month-to-month.
In value terms, linseed oil imports soared to $4.5M (IndexBox estimates) in April 2023. In general, imports continue to indicate modest growth. The most prominent rate of growth was recorded in March 2023 with an increase of 362% against the previous month.
| COUNTRY | Import Value of Linseed Oil in China (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | |
| Kazakhstan | 0.5 | 1.6 | N/A | 0.2 | 3.8 | 1.7 | 1.1 | 1.0 | 1.0 | 2.4 | N/A | 3.1 | 2.5 |
| Russia | 3.2 | 3.6 | 1.2 | 1.4 | 2.6 | 2.5 | 6.3 | < 0.1 | 0.1 | 0.3 | 0.5 | 0.5 | 1.8 |
| Belgium | < 0.1 | 0.1 | 0.3 | N/A | N/A | N/A | 0.1 | 0.2 | 0.4 | 0.2 | < 0.1 | N/A | N/A |
| Others | 0.3 | 0.4 | 0.3 | < 0.1 | 0.7 | 0.5 | 0.3 | 0.4 | 0.4 | 0.3 | 0.2 | 0.3 | 0.2 |
| Total | 4.0 | 5.6 | 1.8 | 1.6 | 7.1 | 4.7 | 7.8 | 1.6 | 1.9 | 3.2 | 0.8 | 3.9 | 4.5 |
Imports by Country
Kazakhstan (2.6K tons) and Russia (1.7K tons) were the main suppliers of linseed oil imports to China.
From April 2022 to April 2023, the biggest increases were in Kazakhstan (with a CAGR of +19.6%).
In value terms, the largest linseed oil suppliers to China were Kazakhstan ($2.5M) and Russia ($1.8M).
In terms of the main suppliers, Kazakhstan, with a CAGR of +15.1%, recorded the highest growth rate of the value of imports, over the period under review.
Imports by Type
In April 2023, vegetable oils; linseed oil and its fractions, crude, not chemically modified (4.3K tons) was the main type of linseed oil supplied to China, with a 99% share of total imports. It was followed by vegetable oils; linseed oil and its fractions, other than crude, whether or not refined, but not chemically modified (27 tons), with a 0.6% share of total imports.
From April 2022 to April 2023, the average monthly rate of growth in terms of the volume of import of vegetable oils; linseed oil and its fractions, crude, not chemically modified totaled +5.5%.
In value terms, vegetable oils; linseed oil and its fractions, crude, not chemically modified ($4.4M) constituted the largest type of linseed oil supplied to China, comprising 97% of total imports. The second position in the ranking was held by vegetable oils; linseed oil and its fractions, other than crude, whether or not refined, but not chemically modified ($115K), with a 2.5% share of total imports.
Import Prices by Country
In April 2023, the linseed oil price stood at $1,052 per ton (CIF, China), which is down by -2.5% against the previous month. In general, the import price continues to indicate a pronounced curtailment. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 30% against the previous month. Over the period under review, average import prices attained the maximum at $1,948 per ton in June 2022; however, from July 2022 to April 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In April 2023, the country with the highest price was Russia ($1,088 per ton), while the price for Kazakhstan stood at $963 per ton.
From April 2022 to April 2023, the most notable rate of growth in terms of prices was attained by Belgium (-1.2%), while the prices for the other major suppliers experienced a decline.
This report provides an in-depth analysis of the linseed oil market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 334 - Oil of Linseed
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
