India - Linseed Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingLinseed Oil Price in India - 2023
Contents:
- Linseed Oil Price in India (CIF) - 2023
- Linseed Oil Price in India (FOB) - 2022
- Linseed Oil Imports in India
- Linseed Oil Exports in India
Linseed Oil Price in India (CIF) - 2023
In July 2023, the average linseed oil import price amounted to $1,666 per ton, with an increase of 31% against the previous month. In general, the import price enjoyed a strong expansion. The pace of growth was the most pronounced in August 2022 an increase of 224% against the previous month. The import price peaked at $3,148 per ton in November 2022; however, from December 2022 to July 2023, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Belgium.
From July 2022 to July 2023, the rate of growth in terms of prices for Belgium amounted to -2.6% per month.
Linseed Oil Price in India (FOB) - 2022
In 2022, the average linseed oil export price amounted to $3,892 per ton, jumping by 19% against the previous year. In general, the export price showed a strong increase. The pace of growth was the most pronounced in 2016 when the average export price increased by 113%. The export price peaked at $4,636 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sri Lanka ($21,245 per ton), while the average price for exports to Nepal ($838 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 Sri Lanka (+32.4%), while the prices for the other major destinations experienced more modest paces of growth.
Linseed Oil Imports in India
Linseed oil imports into India contracted dramatically to 2.6K tons in 2022, waning by -34.6% against the year before. Over the period under review, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 8%.
In value terms, linseed oil imports contracted to $6.3M in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +15.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +59.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 69%. As a result, imports reached the peak of $6.7M, and then dropped in the following year.
| Import of Linseed Oil in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 3.2 | 3.3 | 6.3 | 5.4 | 19.1% |
| Netherlands | N/A | N/A | N/A | 0.3 | 0% |
| Bangladesh | 0.7 | 0.5 | 0.2 | 0.1 | -47.7% |
| Others | 0.1 | 0.1 | N/A | 0.4 | 58.7% |
| Total | 4.0 | 3.9 | 6.7 | 6.3 | 16.3% |
Top Suppliers of Linseed Oil to India in 2022:
- Belgium (2363.6 tons)
- Netherlands (117.6 tons)
- Bangladesh (70.0 tons)
Linseed Oil Exports in India
After three years of growth, overseas shipments of linseed oil decreased by -59.3% to 247 tons in 2022. In general, exports showed a pronounced downturn. The pace of growth was the most pronounced in 2021 when exports increased by 67%. As a result, the exports reached the peak of 608 tons, and then contracted notably in the following year.
In value terms, linseed oil exports shrank remarkably to $962K in 2022. Overall, exports, however, saw a resilient increase. The growth pace was the most rapid in 2020 when exports increased by 124%.
| Export of Linseed Oil in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 125 | 480 | 269 | 141 | 4.1% |
| Singapore | 24.2 | 90.9 | 145 | 137 | 78.2% |
| Canada | 51.2 | 123 | 117 | 129 | 36.1% |
| Saudi Arabia | 27.9 | 26.9 | 37.8 | 67.9 | 34.5% |
| United Kingdom | 28.1 | 210 | 30.0 | 50.1 | 21.3% |
| Kenya | 0.2 | 27.6 | 4.3 | 46.6 | 515.3% |
| Australia | 28.0 | 107 | 62.7 | 40.0 | 12.6% |
| United Arab Emirates | 61.8 | 6.3 | 10.4 | 37.2 | -15.6% |
| Rwanda | 62.5 | 33.4 | 107 | 32.1 | -19.9% |
| Nepal | 100 | 38.8 | 27.1 | 26.2 | -36.0% |
| Malaysia | 6.2 | 7.8 | 23.7 | 18.2 | 43.2% |
| Kuwait | 11.3 | 24.1 | 2.3 | 16.4 | 13.2% |
| Belgium | N/A | N/A | 345 | 0.1 | -100.0% |
| Others | 226 | 510 | 801 | 221 | -0.7% |
| Total | 752 | 1,686 | 1,982 | 962 | 8.6% |
Top Export Markets for Linseed Oil from India in 2022:
- Belgium (undefined tons)
- Canada (38.9 tons)
- Singapore (35.1 tons)
- Nepal (31.3 tons)
- United States (18.9 tons)
- Rwanda (17.1 tons)
- Saudi Arabia (16.5 tons)
- Kenya (16.3 tons)
- United Kingdom (11.6 tons)
- United Arab Emirates (9.5 tons)
- Australia (7.5 tons)
- Kuwait (5.5 tons)
- Malaysia (5.2 tons)
This report provides an in-depth analysis of the linseed oil market in India. 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:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- 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
-
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
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