China: Linseed Market 2025

Linseed Market Size in China

In 2022, the Chinese linseed market increased by 29% to $X, rising for the second year in a row after two years of decline. Over the period under review, the total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +69.6% against 2020 indices. Linseed consumption peaked in 2022 and is likely to see steady growth in the near future.

Linseed Production in China

In value terms, linseed production shrank to $X in 2022 estimated in export price. Overall, the total production indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +1.3% against 2020 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by 136%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

The average yield of linseed in China stood at X tons per ha in 2022, remaining stable against the previous year. In general, the yield continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 9.5% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2016 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 China reduced to X ha in 2022, which is down by -1.9% against 2021 figures. Over the period under review, the harvested area saw a pronounced downturn. The pace of growth appeared the most rapid in 2021 when the harvested area increased by 4% against the previous year. The linseed harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

Linseed Exports

Exports from China

In 2022, overseas shipments of linseed were finally on the rise to reach X tons after five years of decline. Over the period under review, exports, however, faced a abrupt setback. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, linseed exports skyrocketed to $X in 2022. Overall, exports, however, faced a deep reduction. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

South Korea (X tons), the UK (X tons) and Malaysia (X tons) were the main destinations of linseed exports from China, with a combined 51% share of total exports. Thailand, Indonesia, Israel, the Netherlands, New Zealand and Germany lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Indonesia (with a CAGR of +27.6%), while the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), Malaysia ($X) and the UK ($X) constituted the largest markets for linseed exported from China worldwide, together accounting for 50% of total exports. Thailand, the Netherlands, Indonesia, Israel, New Zealand and Germany lagged somewhat behind, together accounting for a further 26%.

Among the main countries of destination, Indonesia, with a CAGR of +31.2%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average linseed export price stood at $X per ton in 2022, rising by 15% against the previous year. Over the last decade, it increased at an average annual rate of +5.4%. The growth pace was the most rapid in 2013 an increase of 56%. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while the average price for exports to Germany ($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 Vietnam (+20.1%), while the prices for the other major destinations experienced more modest paces of growth.

Linseed Imports

Imports into China

Linseed imports into China skyrocketed to X tons in 2022, with an increase of 45% on the previous year's figure. Overall, imports showed resilient growth. The growth pace was the most rapid in 2014 with an increase of 57% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, linseed imports soared to $X in 2022. Over the period under review, imports enjoyed prominent growth. The pace of growth appeared the most rapid in 2021 with an increase of 54%. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, Russia (X tons) constituted the largest supplier of linseed to China, accounting for a 70% share of total imports. Moreover, linseed imports from Russia exceeded the figures recorded by the second-largest supplier, Kazakhstan (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Russia totaled +299.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Kazakhstan (+205.2% per year) and Canada (-14.4% per year).

In value terms, Russia ($X) constituted the largest supplier of linseed to China, comprising 71% of total imports. The second position in the ranking was held by Kazakhstan ($X), with a 25% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Russia amounted to +276.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Kazakhstan (+226.0% per year) and Canada (-14.2% per year).

Import Prices by Country

In 2022, the average linseed import price amounted to $X per ton, growing by 5.9% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 35%. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Russia ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+6.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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