Report Update Nov 1, 2024

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

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Kuwait: Linseed Oil Market 2024

Linseed Oil Market Size in Kuwait

The Kuwaiti linseed oil market soared to $X in 2022, with an increase of 41% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, recorded a abrupt contraction. Linseed oil consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Linseed Oil Exports

Exports from Kuwait

In 2022, after four years of growth, there was significant decline in overseas shipments of linseed oil, when their volume decreased by -19.2% to X kg. In general, exports, however, saw a mild expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 194%. Over the period under review, the exports reached the maximum at X kg in 2021, and then declined sharply in the following year.

In value terms, linseed oil exports fell to $X in 2022. Overall, exports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 306% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

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

From 2012 to 2022, the average annual rate of growth in terms of volume to Iran stood at +9.2%.

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

From 2012 to 2022, the average annual rate of growth in terms of value to Iran stood at +14.8%.

Export Prices by Country

In 2022, the average linseed oil export price amounted to $X per ton, growing by 5.9% against the previous year. Over the period under review, the export price posted a buoyant expansion. The pace of growth was the most pronounced in 2013 when the average export price increased by 74% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Saudi Arabia amounted to +490.8% per year.

Linseed Oil Imports

Imports into Kuwait

Linseed oil imports into Kuwait soared to X tons in 2022, with an increase of 63% against the previous year's figure. Over the period under review, imports, however, continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2020 when imports increased by 425%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, linseed oil imports surged to $X in 2022. Overall, imports, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 314%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Malaysia (X tons) constituted the largest linseed oil supplier to Kuwait, with a 55% share of total imports. Moreover, linseed oil imports from Malaysia exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), fivefold. Belgium (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from Malaysia stood at -9.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (-9.4% per year) and Belgium (+3.4% per year).

In value terms, Malaysia ($X) constituted the largest supplier of linseed oil to Kuwait, comprising 49% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with a 13% share of total imports. It was followed by Belgium, with a 7.1% share.

From 2012 to 2022, the average annual growth rate of value from Malaysia amounted to -9.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (-15.1% per year) and Belgium (-4.9% per year).

Import Prices by Country

In 2022, the average linseed oil import price amounted to $X per ton, which is down by -18.3% against the previous year. Overall, the import price saw a perceptible decrease. The most prominent rate of growth was recorded in 2021 an increase of 36%. The import price peaked at $X per ton in 2016; however, from 2017 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 UK ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+8.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

The country with the largest volume of linseed oil consumption was China, comprising approx. 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. The United States, Germany, India, Ethiopia, Russia, Kazakhstan, Afghanistan and Poland lagged somewhat behind, together comprising a further 36%.

What are the leading suppliers of linseed oil to Kuwait?

In value terms, Malaysia constituted the largest supplier of linseed oil to Kuwait, comprising 52% of total imports. The second position in the ranking was occupied by the United Arab Emirates, with a 12% share of total imports. It was followed by the Netherlands, with a 7.2% share.

What are the leading importers of linseed oil from Kuwait?

In value terms, Iran remains the key foreign market for linseed oil exports from Kuwait.

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

The average linseed oil export price stood at $2,973 per ton in 2021, therefore, remained relatively stable against the previous year.

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

The average linseed oil import price stood at $1,657 per ton in 2021, which is down by -11.9% against the previous year.

This report provides an in-depth analysis of the linseed oil market in Kuwait. 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:

Kuwait

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Kuwait
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