Australia and Oceania: Linseed Market 2024

Linseed Market Size in Australia and Oceania

The linseed market in Australia and Oceania amounted to $X in 2022, leveling off at the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Linseed Production in Australia and Oceania

In value terms, linseed production totaled $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 43% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

The country with the largest volume of linseed production was Australia (X tons), comprising approx. 72% of total volume. Moreover, linseed production in Australia exceeded the figures recorded by the second-largest producer, New Zealand (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume in Australia stood at -1.5%.

The average linseed yield reduced modestly to X kg per ha in 2022, approximately equating the previous year. Over the period under review, the yield continues to indicate a slight downturn. The pace of growth was the most pronounced in 2014 when the yield increased by 13% against the previous year. The level of yield peaked at X tons per ha in 2015; however, from 2016 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of linseed production in Australia and Oceania totaled X ha, standing approx. at 2021 figures. In general, the harvested area recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 14% against the previous year. As a result, the harvested area reached the peak level of X ha; afterwards, it flattened through to 2022.

Linseed Exports

Exports in Australia and Oceania

In 2022, shipments abroad of linseed increased by 22% to X tons, rising for the third consecutive year after two years of decline. Overall, exports recorded a tangible increase. The pace of growth was the most pronounced in 2017 when exports increased by 75% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, linseed exports reached $X in 2022. Over the period under review, exports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 82% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the near future.

Exports by Country

New Zealand was the key exporting country with an export of around X tons, which resulted at 76% of total exports. It was distantly followed by Australia (X tons), making up a 24% share of total exports.

New Zealand experienced a relatively flat trend pattern with regard to volume of exports of linseed. At the same time, Australia (+30.1%) displayed positive paces of growth. Moreover, Australia emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +30.1% from 2012-2022. While the share of Australia (+21 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of New Zealand (-21.4 p.p.) displayed negative dynamics.

In value terms, New Zealand ($X) remains the largest linseed supplier in Australia and Oceania, comprising 72% of total exports. The second position in the ranking was held by Australia ($X), with a 28% share of total exports.

From 2012 to 2022, the average annual growth rate of value in New Zealand stood at +4.4%.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, reducing by -5.8% against the previous year. Export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, linseed export price decreased by +0.0% against 2018 indices. The most prominent rate of growth was recorded in 2018 an increase of 75%. Over the period under review, the export prices attained the peak figure at $X per ton in 2021, and then contracted in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while New Zealand stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+4.3%).

Linseed Imports

Imports in Australia and Oceania

In 2022, supplies from abroad of linseed decreased by -36.8% to X tons, falling for the second year in a row after three years of growth. In general, imports showed a pronounced shrinkage. The pace of growth was the most pronounced in 2014 when imports increased by 267%. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, linseed imports shrank notably to $X in 2022. Over the period under review, imports saw a mild reduction. The most prominent rate of growth was recorded in 2014 when imports increased by 220% against the previous year. Over the period under review, imports reached the maximum at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

New Zealand (X tons) and Australia (X tons) dominates imports structure, together creating 98% of total imports. New Caledonia (X tons) took a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for New Zealand (with a CAGR of +25.0%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, New Zealand ($X), Australia ($X) and New Caledonia ($X) were the countries with the highest levels of imports in 2022, with a combined 98% share of total imports.

New Zealand, with a CAGR of +24.1%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, jumping by 28% against the previous year. Import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, linseed import price increased by +65.1% against 2020 indices. The pace of growth appeared the most rapid in 2016 when the import price increased by 52%. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was New Caledonia ($X per ton), while New Zealand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+3.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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