Ethiopia: Linseed Oil Market 2025

Linseed Oil Market Size in Ethiopia

The Ethiopian linseed oil market totaled $X in 2022, increasing by 5.2% against the previous year. Overall, the total consumption indicated a perceptible expansion 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, consumption decreased by -8.1% against 2020 indices. Linseed oil consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Linseed Oil Production in Ethiopia

In value terms, linseed oil production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when the production volume increased by 16% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Linseed Oil Exports

Exports from Ethiopia

In 2022, after four years of growth, there was significant decline in shipments abroad of linseed oil, when their volume decreased by -19% to X tons. Overall, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 155%. The exports peaked at X tons in 2021, and then reduced rapidly in the following year.

In value terms, linseed oil exports dropped notably to $X in 2022. Over the period under review, exports, however, saw a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 196% against the previous year. The exports peaked at $X in 2021, and then contracted rapidly in the following year.

Exports by Country

The Netherlands (X tons) was the main destination for linseed oil exports from Ethiopia, with a approx. 100% share of total exports.

From 2016 to 2022, the average annual rate of growth in terms of volume to the Netherlands stood at +52.0%.

In value terms, the Netherlands ($X) also remains the key foreign market for linseed oil exports from Ethiopia.

From 2016 to 2022, the average annual rate of growth in terms of value to the Netherlands totaled +61.7%.

Export Prices by Country

In 2022, the average linseed oil export price amounted to $X per ton, approximately equating the previous year. Overall, the export price showed a pronounced curtailment. The pace of growth was the most pronounced in 2020 an increase of 16% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

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

From 2016 to 2022, the rate of growth in terms of prices for the Netherlands amounted to +6.4% per year.

Linseed Oil Imports

Imports into Ethiopia

Linseed oil imports into Ethiopia surged to X tons in 2022, increasing by 34% compared with the previous year's figure. Overall, imports recorded significant growth. The pace of growth was the most pronounced in 2019 when imports increased by 21,091% against the previous year. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, linseed oil imports expanded modestly to $X in 2022. In general, imports posted a resilient expansion. The growth pace was the most rapid in 2019 with an increase of 13,246% against the previous year. Over the period under review, imports attained the maximum at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Malaysia (X tons) constituted the largest supplier of linseed oil to Ethiopia, accounting for a 74% share of total imports. Moreover, linseed oil imports from Malaysia exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Malaysia stood at +35.7%.

In value terms, the United States ($X) and Malaysia ($X) were the largest linseed oil suppliers to Ethiopia.

Malaysia, with a CAGR of +31.3%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review.

Import Prices by Country

In 2022, the average linseed oil import price amounted to $X per ton, falling by -22.5% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 79%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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 the United States ($X per ton), while the price for Malaysia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+7.1%).

Source: IndexBox Platform