MERCOSUR: Linseed Market 2025

Linseed Market Size in MERCOSUR

In 2022, the MERCOSUR linseed market decreased by -16.1% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption showed a slight reduction. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Linseed Production in MERCOSUR

In value terms, linseed production reached $X in 2022 estimated in export price. Over the period under review, production, however, recorded a noticeable decrease. The most prominent rate of growth was recorded in 2015 when the production volume increased by 319% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

The country with the largest volume of linseed production was Argentina (X tons), comprising approx. 57% of total volume. Moreover, linseed production in Argentina exceeded the figures recorded by the second-largest producer, Uruguay (X tons), threefold. Brazil (X tons) ranked third in terms of total production with a 16% share.

In Argentina, linseed production remained relatively stable over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Uruguay (-1.2% per year) and Brazil (-4.7% per year).

In 2022, the average yield of linseed in MERCOSUR expanded markedly to X tons per ha, surging by 5.6% compared with 2021 figures. In general, the yield saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 21%. As a result, the yield reached the peak level of X tons per ha. From 2019 to 2022, the growth of the linseed yield remained 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 harvested area of linseed in MERCOSUR rose rapidly to X ha, with an increase of 5.6% on the previous year's figure. Overall, the harvested area, however, continues to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2020 when the harvested area increased by 26%. Over the period under review, the harvested area dedicated to linseed production reached the maximum at X ha in 2015; however, from 2016 to 2022, the harvested area stood at a somewhat lower figure.

Linseed Exports

Exports in MERCOSUR

In 2022, shipments abroad of linseed increased by 71% to X tons, rising for the second year in a row after four years of decline. Overall, exports, however, showed a deep downturn. The most prominent rate of growth was recorded in 2016 with an increase of 89% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, linseed exports surged to $X in 2022. Over the period under review, exports, however, continue to indicate a abrupt contraction. The growth pace was the most rapid in 2016 with an increase of 69% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Argentina prevails in exports structure, amounting to X tons, which was approx. 94% of total exports in 2022. It was distantly followed by Uruguay (X tons), committing a 4.7% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to linseed exports from Argentina stood at -6.4%. At the same time, Uruguay (+8.2%) displayed positive paces of growth. Moreover, Uruguay emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +8.2% from 2012-2022. While the share of Uruguay (+3.6 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Argentina (-4.4 p.p.) displayed negative dynamics.

In value terms, Argentina ($X) remains the largest linseed supplier in MERCOSUR, comprising 88% of total exports. The second position in the ranking was held by Uruguay ($X), with a 6.9% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Argentina amounted to -8.4%.

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, which is down by -14.6% against the previous year. Overall, the export price showed a mild descent. The growth pace was the most rapid in 2013 an increase of 29% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Uruguay ($X per ton), while Argentina amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uruguay (+2.1%).

Linseed Imports

Imports in MERCOSUR

In 2022, after two years of growth, there was significant decline in overseas purchases of linseed, when their volume decreased by -22.8% to X tons. Total imports indicated moderate growth from 2012 to 2022: its volume increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 44% against the previous year. The volume of import peaked at X tons in 2021, and then reduced rapidly in the following year.

In value terms, linseed imports contracted significantly to $X in 2022. Total imports indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 53%. The level of import peaked at $X in 2021, and then contracted sharply in the following year.

Imports by Country

Peru (X tons), Colombia (X tons) and Brazil (X tons) represented roughly 74% of total imports in 2022. Ecuador (X tons) took the next position in the ranking, followed by Chile (X tons). All these countries together held approx. 22% share of total imports. Paraguay (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Paraguay (with a CAGR of +13.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Peru ($X), Colombia ($X) and Brazil ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 68% share of total imports.

In terms of the main importing countries, Peru, with a CAGR of +8.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, surging by 2.8% against the previous year. Overall, the import price, however, continues to indicate a slight decline. The pace of growth appeared the most rapid in 2013 when the import price increased by 15%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Chile ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+4.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform