Middle East: Linseed Oil Market 2025

Linseed Oil Market Size in the Middle East

The Middle Eastern linseed oil market contracted markedly to $X in 2022, dropping by -45.4% against the previous year. In general, consumption continues to indicate a abrupt decline. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Linseed Oil Production in the Middle East

In value terms, linseed oil production declined to $X in 2022 estimated in export price. Overall, production faced a abrupt decrease. The pace of growth was the most pronounced in 2013 when the production volume increased by 106% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Linseed Oil Exports

Exports in the Middle East

In 2022, shipments abroad of linseed oil increased by 20% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2014 with an increase of 103%. The volume of export peaked at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, linseed oil exports skyrocketed to $X in 2022. Overall, exports enjoyed a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Turkey (X tons) was the main exporter of linseed oil, comprising 68% of total exports. It was distantly followed by the United Arab Emirates (X tons), achieving a 28% share of total exports. Oman (X tons) followed a long way behind the leaders.

Turkey was also the fastest-growing in terms of the linseed oil exports, with a CAGR of +12.2% from 2012 to 2022. At the same time, the United Arab Emirates (+6.3%) displayed positive paces of growth. Oman experienced a relatively flat trend pattern. Turkey (+26 p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates and Oman saw its share reduced by -1.6% and -2.7% from 2012 to 2022, respectively.

In value terms, Turkey ($X) remains the largest linseed oil supplier in the Middle East, comprising 89% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with an 8.6% share of total exports.

In Turkey, linseed oil exports expanded at an average annual rate of +21.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United Arab Emirates (-3.4% per year) and Oman (-3.4% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, jumping by 90% against the previous year. Over the period under review, the export price continues to indicate a noticeable expansion. Over the period under review, the export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the United Arab Emirates ($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 (+8.6%), while the other leaders experienced a decline in the export price figures.

Linseed Oil Imports

Imports in the Middle East

In 2022, approx. X tons of linseed oil were imported in the Middle East; which is down by -4% against the previous year's figure. Over the period under review, imports saw a abrupt setback. The growth pace was the most rapid in 2020 when imports increased by 123% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, linseed oil imports dropped slightly to $X in 2022. Overall, imports recorded a abrupt curtailment. The growth pace was the most rapid in 2020 with an increase of 101% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Turkey (X tons) and Qatar (X tons) represented roughly 46% of total imports in 2022. Israel (X tons) held the next position in the ranking, followed by the United Arab Emirates (X tons), Kuwait (X tons) and Iran (X tons). All these countries together held near 47% share of total imports. The following importers - Oman (X tons) and Lebanon (X tons) - each resulted at a 3.6% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Iran (with a CAGR of +12.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest linseed oil importing markets in the Middle East were Turkey ($X), Qatar ($X) and the United Arab Emirates ($X), together comprising 60% of total imports. Israel, Kuwait, Iran, Oman and Lebanon lagged somewhat behind, together comprising a further 37%.

Iran, with a CAGR of +14.7%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, approximately reflecting the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the import price increased by 47%. As a result, import price attained the peak level of $X per ton, leveling off in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lebanon (+6.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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