Price for Oil Seeds; Linseed, Whether or Not Broken in Ecuador - 2022

Price for Oil Seeds; Linseed, Whether or Not Broken in Ecuador (CIF) - 2022

The average import price for oil seeds; linseed, whether or not brokens stood at $718 per ton in 2022, jumping by 22% against the previous year. In general, the import price, however, saw a mild slump. Over the period under review, average import prices hit record highs at $860 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Canada ($756 per ton), while the price for Peru ($359 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (-1.3%).

Price for Oil Seeds; Linseed, Whether or Not Broken in Ecuador (FOB) - 2022

The average export price for oil seeds; linseed, whether or not brokens stood at $1,725 per ton in 2022, rising by 16% against the previous year. In general, the export price continues to indicate a strong increase. The pace of growth appeared the most rapid in 2014 an increase of 67% against the previous year. Over the period under review, the average export prices attained the peak figure at $4,400 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($1,753 per ton), while the average price for exports to Spain amounted to $1,469 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+6.0%).

Imports of Oil Seeds; Linseed, Whether or Not Broken in Ecuador

For the fourth consecutive year, Ecuador recorded growth in supplies from abroad of oil seeds; linseed, whether or not brokens, which increased by 0.2% to 2.2K tons in 2022. Over the period under review, imports saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 81%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, imports of oil seeds; linseed, whether or not brokens skyrocketed to $1.6M in 2022. Overall, imports posted significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 52% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Import of Oil Seeds; Linseed, Whether or Not Broken in Ecuador (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Canada	716	849	1,293	1,419	25.6%
Russia	N/A	N/A	N/A	112	0%
Peru	N/A	N/A	N/A	55.0	0%
Others	6.7	N/A	N/A	N/A	0%
Total	723	849	1,293	1,586	29.9%

Top Suppliers of Oil Seeds; Linseed, Whether or Not Broken to Ecuador in 2022:

Canada (1877.0 tons)
Russia (178.4 tons)
Peru (153.4 tons)

Exports of Oil Seeds; Linseed, Whether or Not Broken in Ecuador

In 2022, overseas shipments of oil seeds; linseed, whether or not brokens decreased by -47.9% to 639 kg, falling for the second year in a row after two years of growth. Overall, exports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 681%. As a result, the exports reached the peak of 3 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of oil seeds; linseed, whether or not brokens shrank significantly to $1.1K in 2022. In general, exports, however, continue to indicate a strong increase. The pace of growth appeared the most rapid in 2020 when exports increased by 920% against the previous year. As a result, the exports reached the peak of $8K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.