Sri Lanka - Linseed Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingLinseed Oil Price in Sri Lanka - 2021
Contents:
- Linseed Oil Price in Sri Lanka (CIF) - 2022
- Linseed Oil Price in Sri Lanka (FOB) - 2022
- Linseed Oil Imports in Sri Lanka
- Linseed Oil Exports in Sri Lanka
Linseed Oil Price in Sri Lanka (CIF) - 2022
The average linseed oil import price stood at $3,270 per ton in 2022, growing by 159% against the previous year. Overall, the import price posted resilient growth. 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 Malaysia ($4,017 per ton), while the price for India amounted to $2,312 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+16.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Linseed Oil Price in Sri Lanka (FOB) - 2022
In 2022, the average linseed oil export price amounted to $730 per ton, dropping by -88.5% against the previous year. Overall, the export price showed a pronounced setback. The most prominent rate of growth was recorded in 2020 an increase of 167%. Over the period under review, the average export prices reached the maximum at $6,322 per ton in 2021, and then fell rapidly in the following year.
As there is only one major export destination, the average price level is determined by prices for Maldives.
From 2012 to 2022, the rate of growth in terms of prices for Switzerland amounted to +4.3% per year.
Linseed Oil Imports in Sri Lanka
Linseed oil imports into Sri Lanka contracted remarkably to 2.9 tons in 2022, waning by -95.5% against 2021. In general, imports faced a precipitous curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 186% against the previous year. As a result, imports reached the peak of 65 tons, and then fell rapidly in the following year.
In value terms, linseed oil imports contracted sharply to $9.5K in 2022. Overall, imports faced a precipitous curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 112%. As a result, imports reached the peak of $82K, and then reduced remarkably in the following year.
| Import of Linseed Oil in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 1.7 | 1.6 | 2.1 | 5.9 | 51.4% |
| India | 3.6 | 5.1 | 12.4 | 3.2 | -3.9% |
| Hong Kong SAR | 4.3 | 3.5 | 4.2 | N/A | -1.2% |
| Belgium | 2.3 | 8.7 | 10.7 | N/A | 115.7% |
| United Arab Emirates | 0.5 | 0.7 | 0.9 | N/A | 34.2% |
| Netherlands | 15.2 | 6.8 | 49.9 | N/A | 81.2% |
| Others | 11.7 | 12.3 | 1.7 | 0.3 | -70.5% |
| Total | 39.2 | 38.6 | 81.8 | 9.5 | -37.7% |
Top Suppliers of Linseed Oil to Sri Lanka in 2022:
- Malaysia (1470.0 kg)
- India (1397.0 kg)
Linseed Oil Exports in Sri Lanka
Linseed oil exports from Sri Lanka dropped markedly to 122 kg in 2022, with a decrease of -90.4% on the previous year's figure. Overall, exports continue to indicate a sharp decrease. The smallest decline of -11.9% was in 2020.
In value terms, linseed oil exports contracted notably to $89 in 2022. Over the period under review, exports saw a dramatic decline. The most prominent rate of growth was recorded in 2020 when exports increased by 136% against the previous year.
| Export of Linseed Oil in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Maldives | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Switzerland | 0.1 | N/A | 5.2 | N/A | 621.1% |
| United States | N/A | 4.4 | N/A | N/A | 0% |
| Saudi Arabia | N/A | N/A | 2.6 | N/A | 0% |
| Canada | 1.6 | 0.5 | 0.2 | N/A | -64.6% |
| Bahrain | 0.4 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 2.1 | 5.0 | 8.0 | 0.1 | -63.8% |
Top Export Markets for Linseed Oil from Sri Lanka in 2022:
- Maldives (122.0 kg)
This report provides an in-depth analysis of the linseed oil market in Sri Lanka. 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:
- Sri Lanka
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Sri Lanka
- 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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