Canada - Linseed Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingLinseed Oil Price in Canada - 2023
Contents:
- Linseed Oil Price in Canada (FOB) - 2023
- Linseed Oil Price in Canada (CIF) - 2023
- Linseed Oil Exports in Canada
- Linseed Oil Imports in Canada
Linseed Oil Price in Canada (FOB) - 2023
In June 2023, the average linseed oil export price amounted to $3,578 per ton, falling by -5.1% against the previous month. In general, the export price saw a slight slump. The most prominent rate of growth was recorded in February 2023 when the average export price increased by 60% against the previous month. As a result, the export price reached the peak level of $5,984 per ton. From March 2023 to June 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($4,163 per ton), while the average price for exports to Colombia ($2,478 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+1.5%), while the prices for the other major destinations experienced mixed trend patterns.
Linseed Oil Price in Canada (CIF) - 2023
In June 2023, the average linseed oil import price amounted to $4,868 per ton, picking up by 16% against the previous month. Overall, import price indicated mild growth from June 2022 to June 2023: its price increased at an average monthly rate of +1.9% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, linseed oil import price decreased by -6.8% against April 2023 indices. The pace of growth appeared the most rapid in April 2023 when the average import price increased by 47% m-o-m. Over the period under review, average import prices attained the maximum at $6,965 per ton in January 2023; however, from February 2023 to June 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($7,211 per ton), while the price for the United States ($4,417 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Belgium (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Linseed Oil Exports in Canada
In 2022, approx. 2.6K tons of linseed oil were exported from Canada; growing by 7.7% on the year before. In general, exports saw buoyant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 320%. As a result, the exports reached the peak of 8K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, linseed oil exports surged to $12M in 2022. Over the period under review, exports posted a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of 202% against the previous year. As a result, the exports reached the peak of $26M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Linseed Oil in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4.6 | 4.6 | 5.5 | 7.7 | 18.7% |
| Japan | 2.4 | 1.6 | 1.6 | 1.6 | -12.6% |
| Brazil | N/A | 0.5 | 0.4 | 0.7 | 18.3% |
| Colombia | N/A | 0.2 | 0.3 | 0.7 | 87.1% |
| Taiwan (Chinese) | 0.1 | 0.1 | 0.2 | 0.3 | 44.2% |
| Thailand | N/A | 0.1 | N/A | 0.3 | 73.2% |
| Guatemala | N/A | N/A | 0.2 | 0.2 | 0.0% |
| China | 1.0 | 15.6 | 1.1 | 0.2 | -41.5% |
| Others | 0.4 | 2.9 | 0.8 | 0.2 | -20.6% |
| Total | 8.5 | 25.7 | 10.1 | 11.9 | 11.9% |
Top Export Markets for Linseed Oil from Canada in 2022:
- United States (1297.9 tons)
- Japan (391.8 tons)
- Brazil (249.8 tons)
- Colombia (236.7 tons)
- Thailand (113.4 tons)
- Guatemala (85.0 tons)
- Taiwan (Chinese) (83.4 tons)
- China (64.7 tons)
Linseed Oil Imports in Canada
In 2022, supplies from abroad of linseed oil decreased by -45% to 1K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 155%. As a result, imports reached the peak of 2.3K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, linseed oil imports fell markedly to $4.5M in 2022. In general, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +19.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 78% against the previous year.
| Import of Linseed Oil in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,639 | 3,481 | 4,032 | 2,842 | 20.1% |
| China | 750 | 748 | 657 | 1,203 | 17.1% |
| Belgium | 89.2 | 154 | 333 | 203 | 31.5% |
| India | 15.2 | 17.7 | 39.5 | 99.9 | 87.3% |
| France | 66.6 | 67.0 | 83.7 | 99.7 | 14.4% |
| Others | 125 | 316 | 221 | 89.2 | -10.6% |
| Total | 2,686 | 4,784 | 5,367 | 4,537 | 19.1% |
Top Suppliers of Linseed Oil to Canada in 2022:
- United States (637.3 tons)
- China (254.3 tons)
- Belgium (75.5 tons)
- India (28.0 tons)
- France (19.2 tons)
This report provides an in-depth analysis of the linseed oil market in Canada. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 334 - Oil of Linseed
Country coverage:
- Canada
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Canada
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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