Ecuador: Linseed Market 2025

Linseed Market Size in Ecuador

In 2022, the Ecuadorian linseed market decreased by -18.3% to $X for the first time since 2019, thus ending a two-year rising trend. In general, the total consumption indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +4.6% 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 +60.9% against 2017 indices. As a result, consumption reached the peak level of $X, and then contracted sharply in the following year.

Linseed Production in Ecuador

In value terms, linseed production expanded rapidly to $X in 2022 estimated in export price. Overall, production, however, showed a resilient increase. The growth pace was the most rapid in 2014 with an increase of 95% against the previous year. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

The average yield of linseed in Ecuador dropped modestly to X kg per ha in 2022, remaining relatively unchanged against 2021. Overall, the yield, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 6.2%. Over the period under review, the average linseed yield hit record highs at X kg per ha in 2015; however, from 2016 to 2022, the yield stood at a somewhat 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 Ecuador stood at X ha, approximately mirroring the previous year. Overall, the harvested area continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 2.4%. The linseed harvested area peaked at X ha in 2013; however, from 2014 to 2022, the harvested area stood at a somewhat lower figure.

Linseed Exports

Exports from Ecuador

Linseed exports from Ecuador surged to X tons in 2022, growing by 71% compared with the year before. Overall, exports, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of 681% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, linseed exports soared to $X in 2022. Over the period under review, exports, however, showed a noticeable shrinkage. The growth pace was the most rapid in 2020 with an increase of 920%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for linseed exports from Ecuador, accounting for a 89% share of total exports. Moreover, linseed exports to the United States exceeded the volume sent to the second major destination, Spain (X kg), ninefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled -11.5%.

In value terms, the United States ($X) remains the key foreign market for linseed exports from Ecuador, comprising 91% of total exports. The second position in the ranking was held by Spain ($X), with an 8.4% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled -3.4%.

Export Prices by Country

The average linseed export price stood at $X per ton in 2022, growing by 58% against the previous year. Overall, the export price continues to indicate a resilient expansion. The pace of growth appeared the most rapid in 2014 when the average export price increased by 69%. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Spain amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+9.2%).

Linseed Imports

Imports into Ecuador

After two years of growth, purchases abroad of linseed decreased by -22.3% to X tons in 2022. In general, imports, however, enjoyed a resilient expansion. The pace of growth was the most pronounced in 2021 when imports increased by 81%. As a result, imports attained the peak of X tons, and then dropped sharply in the following year.

In value terms, linseed imports dropped markedly to $X in 2022. Over the period under review, total imports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +61.7% against 2017 indices. The growth pace was the most rapid in 2021 when imports increased by 52%. As a result, imports attained the peak of $X, and then shrank significantly in the following year.

Imports by Country

In 2022, Canada (X tons) was the main supplier of linseed to Ecuador, with a approx. 100% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Canada totaled +7.3%.

In value terms, Canada ($X) constituted the largest supplier of linseed to Ecuador.

From 2012 to 2022, the average annual rate of growth in terms of value from Canada totaled +3.9%.

Import Prices by Country

The average linseed import price stood at $X per ton in 2022, growing by 6.6% against the previous year. Overall, the import price, however, showed a pronounced downturn. The pace of growth appeared the most rapid in 2020 an increase of 7.5% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Canada.

From 2012 to 2022, the rate of growth in terms of prices for Canada amounted to -3.1% per year.

Source: IndexBox Platform

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