Report Update Nov 1, 2024

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

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Mexico: Linseed Oil Market 2024

Linseed Oil Market Size in Mexico

The Mexican linseed oil market reduced to $X in 2022, which is down by -10.2% against the previous year. Over the period under review, consumption recorded a abrupt decrease. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Linseed Oil Production in Mexico

In value terms, linseed oil production rose sharply to $X in 2022 estimated in export price. Overall, production, however, recorded a abrupt contraction. The pace of growth appeared the most rapid in 2013 with an increase of 82% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Linseed Oil Exports

Exports from Mexico

For the third consecutive year, Mexico recorded growth in overseas shipments of linseed oil, which increased by 17,231% to X tons in 2018. Overall, exports enjoyed resilient growth. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2018, the exports failed to regain momentum.

In value terms, linseed oil exports surged to $X in 2018. In general, exports, however, recorded a abrupt descent. The exports peaked at $X in 2014; however, from 2015 to 2018, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for linseed oil exports from Mexico, accounting for a approx. 100% share of total exports.

From 2012 to 2018, the average annual growth rate of volume to the United States amounted to +474.1%.

From 2012 to 2018, the average annual rate of growth in terms of value to the United States totaled +330.9%.

Export Prices by Country

The average linseed oil export price stood at $X per ton in 2018, dropping by -76.8% against the previous year. Overall, the export price saw a precipitous decline. The most prominent rate of growth was recorded in 2013 an increase of 148% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2018, the average 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 United States.

From 2012 to 2018, the rate of growth in terms of prices for the United States amounted to -25.0% per year.

Linseed Oil Imports

Imports into Mexico

Linseed oil imports into Mexico contracted significantly to X tons in 2022, shrinking by -21.3% on the previous year's figure. Overall, imports continue to indicate a deep setback. The pace of growth was the most pronounced in 2018 with an increase of 23%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, linseed oil imports shrank rapidly to $X in 2022. Over the period under review, imports recorded a abrupt descent. The most prominent rate of growth was recorded in 2021 when imports increased by 42%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X tons) was the main linseed oil supplier to Mexico, with a 95% share of total imports. Moreover, linseed oil imports from the United States exceeded the figures recorded by the second-largest supplier, Belgium (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from the United States amounted to -4.8%.

In value terms, the United States ($X) constituted the largest supplier of linseed oil to Mexico, comprising 93% of total imports. The second position in the ranking was held by Belgium ($X), with a 6.6% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at -4.2%.

Import Prices by Country

In 2022, the average linseed oil import price amounted to $X per ton, growing by 4.2% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 32%. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for the United States stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+4.1%), while the prices for the other major suppliers experienced mixed trend patterns.

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, 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 third position in this ranking was occupied by the United States, 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, together comprising 53% of global production. The United States, Germany, India, Ethiopia, Russia, Kazakhstan, Afghanistan and Poland lagged somewhat behind, together accounting for a further 36%.

What are the leading suppliers of linseed oil to Mexico?

In value terms, the United States constituted the largest supplier of linseed oil to Mexico, comprising 64% of total imports. The second position in the ranking was occupied by Belgium, with a 26% share of total imports. It was followed by Canada, with a 5.3% share.

What are the leading importers of linseed oil from Mexico?

In value terms, the largest markets for linseed oil exported from Mexico were Costa Rica $400), Honduras $311) and Nicaragua $234), together accounting for 98% of total exports.

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

The average linseed oil export price stood at $7,516 per ton in 2021, dropping by -2.2% against the previous year.

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

In 2021, the average linseed oil import price amounted to $2,138 per ton, dropping by -1.5% against the previous year.

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

Mexico

Data coverage:

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