Price for Oil Seeds; Linseed, Whether or Not Broken in Colombia - 2024
Contents:
- Price for Oil Seeds; Linseed, Whether or Not Broken in Colombia (CIF) - 2024
- Price for Oil Seeds; Linseed, Whether or Not Broken in Colombia (FOB) - 2022
- Imports of Oil Seeds; Linseed, Whether or Not Broken in Colombia
- Exports of Oil Seeds; Linseed, Whether or Not Broken in Colombia
Price for Oil Seeds; Linseed, Whether or Not Broken in Colombia (CIF) - 2024
In February 2024, the average import price for oil seeds; linseed, whether or not brokens amounted to $800 per ton, shrinking by -2.4% against the previous month. In general, the import price continues to indicate a pronounced slump. The most prominent rate of growth was recorded in May 2023 an increase of 65% m-o-m. Over the period under review, average import prices reached the maximum at $1,301 per ton in February 2023; however, from March 2023 to February 2024, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Canada.
From February 2023 to February 2024, the rate of growth in terms of prices for Canada amounted to -4.0% per month.
Price for Oil Seeds; Linseed, Whether or Not Broken in Colombia (FOB) - 2022
The average export price for oil seeds; linseed, whether or not brokens stood at $3,306 per ton in 2022, surging by 14% against the previous year. Over the period under review, the export price, however, continues to indicate a deep slump. The pace of growth was the most pronounced in 2019 an increase of 67%. Over the period under review, the average export prices reached the peak figure at $7,291 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Curacao ($29,000 per ton), while the average price for exports to Spain ($2,777 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 Curacao (+32.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Oil Seeds; Linseed, Whether or Not Broken in Colombia
After three years of growth, purchases abroad of oil seeds; linseed, whether or not brokens decreased by -21% to 2.8K tons in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +13.2% 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 +45.0% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 36% against the previous year.
In value terms, imports of oil seeds; linseed, whether or not brokens expanded sharply to $2.3M in 2022. Overall, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +22.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +82.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 47% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Oil Seeds; Linseed, Whether or Not Broken in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 1,039 | 1,842 | 2,091 | 2,059 | 25.6% |
| Argentina | N/A | N/A | 37.3 | 164 | 339.7% |
| United States | 216 | 0.2 | 12.8 | 62.5 | -33.9% |
| Others | N/A | N/A | 5.6 | 6.0 | 7.1% |
| Total | 1,254 | 1,842 | 2,147 | 2,291 | 22.2% |
Top Suppliers of Oil Seeds; Linseed, Whether or Not Broken to Colombia in 2022:
- Canada (2443.0 tons)
- Argentina (238.6 tons)
- United States (164.4 tons)
Exports of Oil Seeds; Linseed, Whether or Not Broken in Colombia
In 2022, overseas shipments of oil seeds; linseed, whether or not brokens decreased by -31% to 621 kg, falling for the second consecutive year after two years of growth. In general, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2020 with an increase of 30%. As a result, the exports reached the peak of 1.5 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of oil seeds; linseed, whether or not brokens contracted dramatically to $2.1K in 2022. Overall, exports continue to indicate a sharp shrinkage. The smallest decline of -9.8% was in 2020.
| Export of Oil Seeds; Linseed, Whether or Not Broken in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Panama | N/A | 1.1 | 1.3 | 1.5 | 16.8% |
| Spain | N/A | N/A | 0.6 | 0.5 | -16.7% |
| Venezuela | N/A | N/A | 0.7 | N/A | 0% |
| Dominican Republic | 6.8 | 4.9 | N/A | N/A | -27.9% |
| Curacao | 0.3 | 0.4 | N/A | N/A | 33.3% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 7.1 | 6.4 | 2.6 | 2.1 | -33.4% |
Top Export Markets for Oil Seeds; Linseed, Whether or Not Broken from Colombia in 2022:
- Panama (432.0 kg)
- Spain (188.0 kg)
- Curacao (1.0 kg)
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