Bangladesh: Linseed Market 2025

Linseed Market Size in Bangladesh

The Bangladeshi linseed market dropped modestly to $X in 2022, falling by -4.9% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Linseed Production in Bangladesh

In value terms, linseed production contracted slightly to $X in 2022 estimated in export price. In general, production saw a mild downturn. The most prominent rate of growth was recorded in 2019 with an increase of 63%. Linseed production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

In 2022, the average linseed yield in Bangladesh rose slightly to X kg per ha, increasing by 2.2% against the previous year's figure. The yield figure increased at an average annual rate of +1.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 57% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2015 to 2022, the growth of the average linseed 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.

The linseed harvested area in Bangladesh dropped to X ha in 2022, which is down by -10.5% on the previous year's figure. Overall, the harvested area continues to indicate a deep contraction. The growth pace was the most rapid in 2021 when the harvested area increased by 27%. The linseed harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

Linseed Exports

Exports from Bangladesh

In 2021, approx. X kg of linseed were exported from Bangladesh; which is down by -40.8% compared with 2020. In general, exports continue to indicate a sharp decline. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, linseed exports reduced remarkably to $X in 2021. Over the period under review, exports saw a dramatic shrinkage. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Maldives (X kg) was the main destination for linseed exports from Bangladesh, accounting for a approx. 100% share of total exports.

From 2019 to 2021, the average annual rate of growth in terms of volume to Maldives was relatively modest.

In value terms, Maldives ($X) emerged as the key foreign market for linseed exports from Bangladesh.

From 2019 to 2021, the average annual growth rate of value to Maldives was relatively modest.

Export Prices by Country

The average linseed export price stood at $X per ton in 2021, jumping by 19% against the previous year. Over the period from 2019 to 2021, it increased at an average annual rate of +15.1%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Maldives.

From 2019 to 2021, the rate of growth in terms of prices for Mauritius amounted to 0.0% per year.

Linseed Imports

Imports into Bangladesh

In 2022, supplies from abroad of linseed decreased by -4% to X tons for the first time since 2011, thus ending a ten-year rising trend. Overall, imports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2017 when imports increased by 623% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2021, and then fell in the following year.

In value terms, linseed imports fell slightly to $X in 2022. Over the period under review, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 523% against the previous year. Imports peaked at $X in 2021, and then reduced modestly in the following year.

Imports by Country

In 2022, Russia (X tons) was the main linseed supplier to Bangladesh, accounting for a 95% share of total imports. Moreover, linseed imports from Russia exceeded the figures recorded by the second-largest supplier, Ukraine (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Russia totaled +66.2%.

In value terms, Russia ($X) constituted the largest supplier of linseed to Bangladesh, comprising 97% of total imports. The second position in the ranking was taken by Ukraine ($X), with a 3.1% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Russia amounted to +62.3%.

Import Prices by Country

The average linseed import price stood at $X per ton in 2022, rising by 1.7% against the previous year. Overall, the import price, however, recorded a perceptible slump. The most prominent rate of growth was recorded in 2018 an increase of 32%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Russia ($X per ton), while the price for Ukraine stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (-2.4%).

Source: IndexBox Platform

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