Price for Oil Seeds; Linseed, Whether or Not Broken in Norway - 2024
Contents:
- Price for Oil Seeds; Linseed, Whether or Not Broken in Norway (CIF) - 2024
- Price for Oil Seeds; Linseed, Whether or Not Broken in Norway (FOB) - 2022
- Imports of Oil Seeds; Linseed, Whether or Not Broken in Norway
- Exports of Oil Seeds; Linseed, Whether or Not Broken in Norway
Price for Oil Seeds; Linseed, Whether or Not Broken in Norway (CIF) - 2024
The average import price for oil seeds; linseed, whether or not brokens stood at $987 per ton in May 2024, stabilizing at the previous month. In general, the import price showed a mild descent. The most prominent rate of growth was recorded in July 2023 an increase of 8.8% m-o-m. As a result, import price attained the peak level of $1,355 per ton. From August 2023 to May 2024, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Denmark ($2,804 per ton), while the price for Kazakhstan ($810 per ton) was amongst the lowest.
From May 2023 to May 2024, the most notable rate of growth in terms of prices was attained by Ukraine (+1.2%), while the prices for the other major suppliers experienced a decline.
Price for Oil Seeds; Linseed, Whether or Not Broken in Norway (FOB) - 2022
The average export price for oil seeds; linseed, whether or not brokens stood at $1,752 per ton in 2022, increasing by 26% against the previous year. Over the period under review, the export price saw resilient growth. The most prominent rate of growth was recorded in 2019 when the average export price increased by 79%. The export price peaked in 2022 and is expected to retain growth in the near future.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($1,789 per ton), while the average price for exports to India stood at $1,679 per ton.
From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+11.4%).
Imports of Oil Seeds; Linseed, Whether or Not Broken in Norway
Imports of oil seeds; linseed, whether or not brokens into Norway rose to 3.5K tons in 2022, picking up by 3.3% against the year before. The total import volume increased at an average annual rate of +2.0% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of oil seeds; linseed, whether or not brokens surged to $4.4M in 2022. In general, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +20.6% 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 +75.5% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 31%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see gradual growth in the near future.
Import of Oil Seeds; Linseed, Whether or Not Broken in Norway (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Kazakhstan | 391 | 272 | 1,030 | 2,419 | 83.6% |
Belgium | 1,261 | 1,557 | 1,442 | 1,191 | -1.9% |
India | 181 | 123 | 360 | 262 | 13.1% |
Russia | 228 | 68.2 | 115 | 97.0 | -24.8% |
Sweden | 118 | 145 | 119 | 91.5 | -8.1% |
Netherlands | 94.2 | 198 | 105 | 33.7 | -29.0% |
Lithuania | N/A | 184 | 170 | N/A | -7.6% |
Others | 209 | 161 | 217 | 260 | 7.5% |
Total | 2,482 | 2,708 | 3,559 | 4,356 | 20.6% |
Top Suppliers of Oil Seeds; Linseed, Whether or Not Broken to Norway in 2022:
- Kazakhstan (2007.6 tons)
- Belgium (1052.3 tons)
- Russia (99.0 tons)
- India (98.9 tons)
- Sweden (56.8 tons)
- Netherlands (13.4 tons)
Exports of Oil Seeds; Linseed, Whether or Not Broken in Norway
In 2022, exports of oil seeds; linseed, whether or not brokens from Norway declined rapidly to 36 tons, which is down by -21.7% on the previous year. Overall, exports saw a abrupt setback. The pace of growth was the most pronounced in 2021 with an increase of 44%. As a result, the exports attained the peak of 46 tons, and then fell notably in the following year.
In value terms, exports of oil seeds; linseed, whether or not brokens reduced slightly to $63K in 2022. In general, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +10.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +79.7% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 83% against the previous year. As a result, the exports attained the peak of $64K, and then dropped slightly in the following year.
Export of Oil Seeds; Linseed, Whether or Not Broken in Norway (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | 46.4 | 35.1 | 64.1 | 32.2 | -11.5% |
India | N/A | N/A | N/A | 30.2 | 0% |
Others | N/A | N/A | N/A | 0.7 | 0% |
Total | 46.4 | 35.1 | 64.1 | 63.1 | 10.8% |
Top Export Markets for Oil Seeds; Linseed, Whether or Not Broken from Norway in 2022:
- Netherlands (18.0 tons)
- India (18.0 tons)
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This report provides an in-depth analysis of the linseed market in Norway.
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