Ethiopia: Linseed Market 2024

Linseed Market Size in Ethiopia

The Ethiopian linseed market amounted to $X in 2022, approximately equating the previous year. In general, consumption, however, saw a relatively flat trend pattern. Linseed consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Linseed Production in Ethiopia

In value terms, linseed production reached $X in 2022 estimated in export price. Overall, the total production indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.1% against 2020 indices. The pace of growth was the most pronounced in 2018 when the production volume increased by 51%. Linseed production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

The average yield of linseed in Ethiopia fell modestly to X tons per ha in 2022, remaining stable against 2021 figures. In general, the yield, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 13% against the previous year. Over the period under review, the average linseed yield reached the maximum level at X tons per ha in 2018; however, from 2019 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 harvested area of linseed in Ethiopia shrank modestly to X ha, remaining constant against the previous year's figure. Over the period under review, the harvested area recorded a noticeable decrease. The most prominent rate of growth was recorded in 2020 with an increase of 14% against the previous year. 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 Ethiopia

In 2022, overseas shipments of linseed were finally on the rise to reach X tons for the first time since 2014, thus ending a seven-year declining trend. In general, exports, however, faced a dramatic setback. The most prominent rate of growth was recorded in 2013 when exports increased by 18%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, linseed exports rose significantly to $X in 2022. Over the period under review, exports, however, showed a precipitous decrease. The pace of growth appeared the most rapid in 2013 when exports increased by 35%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for linseed exports from Ethiopia, accounting for a 95% share of total exports. It was followed by the United Arab Emirates (X kg), with less than 0.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to China stood at -35.8%.

In value terms, China ($X) remains the key foreign market for linseed exports from Ethiopia, comprising 96% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with less than 0.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to China stood at -29.9%.

Export Prices by Country

In 2022, the average linseed export price amounted to $X per ton, with a decrease of -4.2% against the previous year. Over the period under review, the export price, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2019 when the average export price increased by 56% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2021, and then reduced in the following year.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to the United Arab Emirates totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.

Linseed Imports

Imports into Ethiopia

In 2022, purchases abroad of linseed decreased by 0% to X tons, falling for the second year in a row after three years of growth. Overall, imports faced a deep slump. The growth pace was the most rapid in 2020 with an increase of 146% against the previous year. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, linseed imports totaled $X in 2022. In general, imports saw a deep slump. The most prominent rate of growth was recorded in 2020 when imports increased by 155% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Belgium (X tons) constituted the largest supplier of linseed to Ethiopia, with a approx. 50% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Belgium was relatively modest.

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

From 2012 to 2022, the average annual rate of growth in terms of value from Belgium was relatively modest.

Import Prices by Country

The average linseed import price stood at $X per ton in 2022, approximately equating the previous year. In general, the import price showed a abrupt slump. The most prominent rate of growth was recorded in 2020 an increase of 3.7%. The import price peaked 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 Belgium.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to +1.8% per year.

Source: IndexBox Platform