Report Update Nov 1, 2024

Iran - Linseed Oil - Market Analysis, Forecast, Size, Trends and Insights

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Iran: Linseed Oil Market 2024

Linseed Oil Market Size in Iran

The Iranian linseed oil market rose notably to $X in 2022, picking up by 15% against the previous year. Over the period under review, consumption saw a buoyant increase. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Linseed Oil Production in Iran

In value terms, linseed oil production rose slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2017 with an increase of 957%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Linseed Oil Exports

Exports from Iran

In 2017, approx. X kg of linseed oil were exported from Iran; remaining relatively unchanged against 2016. In general, exports recorded a sharp descent. The smallest decline of 99.9% was in 2016. Over the period under review, the exports reached the maximum at X tons in 2015; however, from 2016 to 2017, the exports failed to regain momentum.

In value terms, linseed oil exports amounted to $X in 2017. Over the period under review, exports showed a dramatic setback. The smallest decline of 99.9% was in 2016. The exports peaked at $X in 2015; however, from 2016 to 2017, the exports failed to regain momentum.

Exports by Country

Canada (X kg) was the main destination for linseed oil exports from Iran, with a approx. 100% share of total exports.

From 2015 to 2017, the average annual growth rate of volume to Canada was relatively modest.

From 2015 to 2017, the average annual rate of growth in terms of value to Canada was relatively modest.

Export Prices by Country

In 2017, the average linseed oil export price amounted to $X per ton, remaining constant against the previous year. In general, the export price saw significant growth. The pace of growth appeared the most rapid in 2016 when the average export price decreased by 99.9%. Over the period under review, the average export prices reached the peak figure in 2017 and is expected to retain growth in years to come.

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

From 2015 to 2017, the rate of growth in terms of prices for Iraq amounted to 0.0% per year.

Linseed Oil Imports

Imports into Iran

Linseed oil imports into Iran surged to X tons in 2022, jumping by 30% against the year before. Over the period under review, imports posted a strong increase. The most prominent rate of growth was recorded in 2013 when imports increased by 285% against the previous year. Over the period under review, imports attained the maximum at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, linseed oil imports stood at $X in 2022. Overall, imports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of 348% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Belgium (X tons) constituted the largest supplier of linseed oil to Iran, with a 46% share of total imports. Moreover, linseed oil imports from Belgium exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), more than tenfold. Germany (X tons) ranked third in terms of total imports with a 1.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Belgium amounted to +15.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-20.0% per year) and Germany (+55.2% per year).

In value terms, Belgium ($X) constituted the largest supplier of linseed oil to Iran, comprising 46% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 2% share of total imports. It was followed by Kuwait, with a 1.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Belgium amounted to +25.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-19.0% per year) and Kuwait (+34.0% per year).

Import Prices by Country

The average linseed oil import price stood at $X per ton in 2022, with a decrease of -14.6% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The pace of growth was the most pronounced in 2021 when the average import price increased by 31%. As a result, import price attained the peak level of $X per ton, and then contracted in the following year.

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 Kuwait ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+74.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for linseed oil in the world?

China constituted the country with the largest volume of linseed oil consumption, accounting for 31% of total volume. Moreover, linseed oil consumption in China exceeded the figures recorded by the second-largest consumer, the Dominican Republic, threefold. The United States ranked third in terms of total consumption with an 8.2% share.

What are the largest producers of linseed oil in the world?

The countries with the highest volumes of linseed oil production in 2021 were China, Belgium and the Dominican Republic, with a combined 53% share of global production. These countries were followed by the United States, Germany, India, Ethiopia, Russia, Kazakhstan, Afghanistan and Poland, which together accounted for a further 36%.

What are the leading suppliers of linseed oil to Iran?

In value terms, Belgium, India and the United Arab Emirates were the largest linseed oil suppliers to Iran, with a combined 90% share of total imports.

What is the average export price for linseed oil in Iran?

The average linseed oil export price stood at $13,714 per ton in 2017, remaining stable against the previous year.

What is the average import price for linseed oil in Iran?

The average linseed oil import price stood at $1,267 per ton in 2021, reducing by -4.2% against the previous year.

This report provides an in-depth analysis of the linseed oil market in Iran. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 334 - Oil of Linseed

Country coverage:

Iran

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Iran
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023