Price for Oil Seeds; Linseed, Whether or Not Broken in the United States - 2024
Contents:
- Price for Oil Seeds; Linseed, Whether or Not Broken in the United States (CIF) - 2024
- Price for Oil Seeds; Linseed, Whether or Not Broken in the United States (FOB) - 2024
- Imports of Oil Seeds; Linseed, Whether or Not Broken in the United States
- Exports of Oil Seeds; Linseed, Whether or Not Broken in the United States
Price for Oil Seeds; Linseed, Whether or Not Broken in the United States (CIF) - 2024
The average import price for oil seeds; linseed, whether or not brokens stood at $569 per ton in May 2024, waning by -7% against the previous month. Overall, the import price continues to indicate a deep slump. The growth pace was the most rapid in August 2023 when the average import price increased by 24% against the previous month. The import price peaked at $1,071 per ton in May 2023; however, from June 2023 to May 2024, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In May 2024, the country with the highest price was Kazakhstan ($1,345 per ton), while the price for Canada amounted to $534 per ton.
From May 2023 to May 2024, the most notable rate of growth in terms of prices was attained by Kazakhstan (-0.2%).
Price for Oil Seeds; Linseed, Whether or Not Broken in the United States (FOB) - 2024
In May 2024, the average export price for oil seeds; linseed, whether or not brokens amounted to $1,247 per ton, remaining stable against the previous month. Overall, the export price recorded a mild reduction. The most prominent rate of growth was recorded in April 2024 an increase of 63% m-o-m. The export price peaked at $2,115 per ton in October 2023; however, from November 2023 to May 2024, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Canada ($1,601 per ton), while the average price for exports to Mexico ($817 per ton) was amongst the lowest.
From May 2023 to May 2024, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+1.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Oil Seeds; Linseed, Whether or Not Broken in the United States
In 2022, approx. 191K tons of oil seeds; linseed, whether or not brokens were imported into the United States; increasing by 52% compared with 2021. In general, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +14.4% 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 +74.6% against 2020 indices. As a result, imports attained 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 $226M in 2022. Over the period under review, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Oil Seeds; Linseed, Whether or Not Broken in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 72.4 | 68.9 | 104 | 144 | 25.8% |
| Russia | N/A | N/A | 6.6 | 43.6 | 560.6% |
| Turkey | 0.1 | 0.2 | 0.6 | 12.4 | 398.7% |
| India | 4.7 | 3.7 | 2.3 | 11.1 | 33.2% |
| Kazakhstan | 1.7 | 0.4 | 0.2 | 10.3 | 82.3% |
| Others | 2.6 | 1.9 | 1.6 | 4.5 | 20.1% |
| Total | 81.5 | 75.2 | 116 | 226 | 40.5% |
Top Suppliers of Oil Seeds; Linseed, Whether or Not Broken to the United States in 2022:
- Canada (120.2K tons)
- Russia (42.2K tons)
- Kazakhstan (11.0K tons)
- Turkey (9.6K tons)
- India (5.5K tons)
Exports of Oil Seeds; Linseed, Whether or Not Broken in the United States
In 2022, overseas shipments of oil seeds; linseed, whether or not brokens decreased by -55.7% to 9K tons, falling for the second consecutive year after two years of growth. Overall, exports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 122% against the previous year. As a result, the exports reached the peak of 32K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of oil seeds; linseed, whether or not brokens reduced sharply to $15M in 2022. Over the period under review, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +10.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -21.0% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 71% against the previous year. As a result, the exports reached the peak of $19M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Oil Seeds; Linseed, Whether or Not Broken in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 7.7 | 13.9 | 13.2 | 10.3 | 10.2% |
| Mexico | 1.3 | 1.5 | 2.2 | 3.1 | 33.6% |
| United Kingdom | N/A | 0.4 | 0.3 | 0.4 | 0.0% |
| Others | 1.7 | 2.8 | 2.7 | 0.8 | -22.2% |
| Total | 10.8 | 18.5 | 18.4 | 14.6 | 10.6% |
Top Export Markets for Oil Seeds; Linseed, Whether or Not Broken from the United States in 2022:
- Canada (6.8K tons)
- Mexico (1.7K tons)
- United Kingdom (0.2K tons)
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Discover the leading importers of linseed in the world and their import values in 2023. From China to Russia, learn about the key players in the global linseed trade market.
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