United Kingdom - Linseed Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingLinseed Oil Price in the UK - 2023
Contents:
- Linseed Oil Price in the UK (CIF) - 2023
- Linseed Oil Price in the UK (FOB) - 2023
- Linseed Oil Imports in the UK
- Linseed Oil Exports in the UK
Linseed Oil Price in the UK (CIF) - 2023
The average linseed oil import price stood at $2,001 per ton in June 2023, growing by 10% against the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in September 2022 when the average import price increased by 42% m-o-m. The import price peaked at $2,221 per ton in April 2023; however, from May 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 Italy ($6,573 per ton), while the price for Ireland ($1,521 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 Italy (+2.8%), while the prices for the other major suppliers experienced a decline.
Linseed Oil Price in the UK (FOB) - 2023
In June 2023, the average linseed oil export price amounted to $1,249 per ton, reducing by -19.6% against the previous month. Over the period under review, the export price showed a noticeable contraction. The pace of growth appeared the most rapid in November 2022 when the average export price increased by 34% month-to-month. Over the period under review, the average export prices attained the peak figure at $1,818 per ton in December 2022; however, from January 2023 to June 2023, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Ireland.
From June 2022 to June 2023, the rate of growth in terms of prices for Ireland amounted to -3.0% per month.
Linseed Oil Imports in the UK
In 2022, imports of linseed oil into the UK dropped to 4.8K tons, waning by -6.2% compared with the year before. The total import volume increased at an average annual rate of +3.0% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 29%. As a result, imports reached the peak of 5.1K tons, and then shrank in the following year.
In value terms, linseed oil imports totaled $9.1M in 2022. Over the period under review, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 82% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.
| Import of Linseed Oil in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 3.1 | 2.5 | 5.7 | 7.0 | 31.2% |
| Ireland | 0.2 | 0.2 | 0.5 | 1.2 | 81.7% |
| Netherlands | 0.3 | 0.7 | 0.5 | 0.2 | -12.6% |
| Germany | 0.8 | 1.1 | 1.6 | 0.2 | -37.0% |
| Others | 0.3 | 0.4 | 0.4 | 0.5 | 18.6% |
| Total | 4.7 | 4.8 | 8.7 | 9.1 | 24.6% |
Top Suppliers of Linseed Oil to the UK in 2022:
- Belgium (3732.7 tons)
- Ireland (771.2 tons)
- Germany (59.2 tons)
- Netherlands (58.3 tons)
Linseed Oil Exports in the UK
In 2022, after two years of decline, there was significant growth in overseas shipments of linseed oil, when their volume increased by 2,729% to 17K tons. Over the period under review, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, linseed oil exports skyrocketed to $29M in 2022. In general, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Linseed Oil in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | 0.7 | 0.6 | 0.4 | 27.7 | 240.8% |
| Others | 0.9 | 1.4 | 1.1 | 1.0 | 3.6% |
| Total | 1.6 | 2.0 | 1.5 | 28.8 | 162.1% |
Top Export Markets for Linseed Oil from the UK in 2022:
- Ireland (17.1K tons)
This report provides an in-depth analysis of the linseed oil market in the UK. 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:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- 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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