Price for Oil Seeds; Linseed, Whether or Not Broken in India - 2024

Contents:

  1. Price for Oil Seeds; Linseed, Whether or Not Broken in India (FOB) - 2024
  2. Price for Oil Seeds; Linseed, Whether or Not Broken in India (CIF) - 2022
  3. Exports of Oil Seeds; Linseed, Whether or Not Broken in India
  4. Imports of Oil Seeds; Linseed, Whether or Not Broken in India

Price for Oil Seeds; Linseed, Whether or Not Broken in India (FOB) - 2024

The average export price for oil seeds; linseed, whether or not brokens stood at $1,100 per ton in March 2024, with an increase of 1.6% against the previous month. Overall, the export price, however, saw a noticeable decrease. The growth pace was the most rapid in November 2023 an increase of 9.1% against the previous month. The export price peaked at $1,474 per ton in March 2023; however, from April 2023 to March 2024, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In March 2024, the country with the highest price was the United States ($1,509 per ton), while the average price for exports to Nepal ($631 per ton) was amongst the lowest.

From March 2023 to March 2024, the most notable rate of growth in terms of prices was recorded for supplies to Nepal (+1.1%), while the prices for the other major destinations experienced a decline.

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

In 2022, the average import price for oil seeds; linseed, whether or not brokens amounted to $1,814 per ton, rising by 113% against the previous year. Overall, the import price continues to indicate a resilient increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Norway ($4,093 per ton), while the price for Nepal ($1,477 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nepal (+8.3%), while the prices for the other major suppliers experienced mixed trend patterns.

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

After two years of decline, overseas shipments of oil seeds; linseed, whether or not brokens increased by 21% to 13K tons in 2022. The total export volume increased at an average annual rate of +1.4% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of oil seeds; linseed, whether or not brokens surged to $21M in 2022. In general, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Oil Seeds; Linseed, Whether or Not Broken in India (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States4.12.83.78.929.5%
Germany4.54.84.44.1-3.1%
Netherlands1.51.73.43.937.5%
United Arab Emirates0.20.30.30.644.2%
Canada0.30.70.30.518.6%
AustriaN/AN/A0.10.5400.0%
United Kingdom0.10.10.20.344.2%
Slovenia0.20.30.10.314.5%
Others0.91.41.42.234.7%
Total11.812.113.821.321.8%

Top Export Markets for Oil Seeds; Linseed, Whether or Not Broken from India in 2022:

  1. United States (5.0K tons)
  2. Netherlands (2.7K tons)
  3. Germany (2.5K tons)
  4. United Arab Emirates (0.5K tons)
  5. Canada (0.3K tons)
  6. Austria (0.3K tons)
  7. United Kingdom (0.2K tons)
  8. Slovenia (0.1K tons)

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

In 2022, the amount of oil seeds; linseed, whether or not brokens imported into India declined significantly to 40 tons, shrinking by -68.5% against 2021 figures. In general, imports saw a sharp curtailment. The smallest decline of -15% was in 2020.

In value terms, imports of oil seeds; linseed, whether or not brokens reduced remarkably to $73K in 2022. Overall, imports showed a sharp decline. The pace of growth was the most pronounced in 2020 with an increase of 2.2%. As a result, imports reached the peak of $260K. From 2021 to 2022, the growth of imports of failed to regain momentum.

Import of Oil Seeds; Linseed, Whether or Not Broken in India (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Nepal23417810851.3-39.7%
DenmarkN/AN/AN/A11.40%
NorwayN/AN/AN/A9.90%
United States19.264.1N/AN/A233.9%
NetherlandsN/A18.0N/AN/A0%
Others0.7N/AN/A0.2-34.1%
Total25426010872.8-34.1%

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

  1. Nepal (34.7 tons)
  2. Denmark (3.0 tons)
  3. Norway (2.4 tons)

Source: IndexBox Market Intelligence Platform

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