Canada: Linseed Market 2024

Linseed Market Size in Canada

In 2022, the Canadian linseed market increased by 62% to $X, rising for the third year in a row after four years of decline. Over the period under review, consumption recorded a measured increase. Linseed consumption peaked in 2022 and is expected to retain growth in years to come.

Linseed Production in Canada

In value terms, linseed production rose rapidly to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 58%. Linseed production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

In 2022, the average yield of linseed in Canada reduced rapidly to X tons per ha, dropping by -15.3% compared with the previous year's figure. Overall, the yield showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2016 when the yield increased by 68%. As a result, the yield attained the peak level of X tons per ha. From 2017 to 2022, the growth of the average linseed yield failed to regain momentum. 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 Canada reduced to X ha in 2022, with a decrease of -4% compared with 2021. In general, the harvested area, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 53% against the previous year. As a result, the harvested area reached the peak level of X ha. From 2015 to 2022, the growth of the linseed harvested area failed to regain momentum.

Linseed Exports

Exports from Canada

In 2022, approx. X tons of linseed were exported from Canada; with a decrease of -55.4% compared with the previous year. Over the period under review, exports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2013 when exports increased by 29% against the previous year. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, linseed exports dropped remarkably to $X in 2022. Overall, exports saw a perceptible decline. The most prominent rate of growth was recorded in 2013 with an increase of 38%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for linseed exports from Canada, with a 72% share of total exports. Moreover, linseed exports to the United States exceeded the volume sent to the second major destination, China (X tons), more than tenfold. Mexico (X tons) ranked third in terms of total exports with a 3.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to -4.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-23.7% per year) and Mexico (+5.1% per year).

In value terms, the United States ($X) remains the key foreign market for linseed exports from Canada, comprising 83% of total exports. The second position in the ranking was taken by China ($X), with a 3.9% share of total exports. It was followed by Japan, with a 2.5% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +1.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-23.8% per year) and Japan (+3.8% per year).

Export Prices by Country

In 2022, the average linseed export price amounted to $X per ton, increasing by 46% against the previous year. Overall, the export price recorded buoyant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.

Linseed Imports

Imports into Canada

In 2022, supplies from abroad of linseed decreased by -57% to X tons, falling for the second consecutive year after three years of growth. Overall, imports saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 117%. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, linseed imports declined to $X in 2022. In general, total imports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -23.8% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 72% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of linseed to Canada, accounting for a 69% share of total imports. Moreover, linseed imports from the United States exceeded the figures recorded by the second-largest supplier, Argentina (X tons), fivefold. India (X tons) ranked third in terms of total imports with a 6.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled -6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (-3.9% per year) and India (+44.8% per year).

In value terms, the United States ($X) constituted the largest supplier of linseed to Canada, comprising 62% of total imports. The second position in the ranking was held by Argentina ($X), with a 16% share of total imports. It was followed by India, with an 8.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at +1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (+0.0% per year) and India (+50.3% per year).

Import Prices by Country

The average linseed import price stood at $X per ton in 2022, jumping by 99% against the previous year. In general, the import price saw a strong expansion. Over the period under review, average import prices reached the peak figure at $X per ton in 2015; however, from 2016 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 ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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