Northern America: Linseed Market 2024

Linseed Market Size in Northern America

In 2022, the North American linseed market increased by 87% to $X, rising for the second consecutive year after two years of decline. In general, consumption enjoyed a noticeable increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Linseed Production in Northern America

In value terms, linseed production rose modestly to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 43%. Over the period under review, production attained the maximum level at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Canada (X tons) constituted the country with the largest volume of linseed production, accounting for 81% of total volume. Moreover, linseed production in Canada exceeded the figures recorded by the second-largest producer, the United States (X tons), fourfold.

In Canada, linseed production contracted by an average annual rate of -3.7% over the period from 2012-2022.

The average linseed yield shrank to X tons per ha in 2022, waning by -8.8% against 2021. Over the period under review, the yield showed a pronounced decline. The growth pace was the most rapid in 2016 with an increase of 52%. As a result, the yield attained the peak level of X tons per ha. From 2017 to 2022, the growth of the linseed yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The linseed harvested area shrank modestly to X ha in 2022, dropping by -2% against the year before. Overall, the harvested area, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the harvested area increased by 56%. Over the period under review, the harvested area dedicated to linseed production attained the maximum at X ha in 2015; however, from 2016 to 2022, the harvested area failed to regain momentum.

Linseed Exports

Exports in Northern America

In 2022, the amount of linseed exported in Northern America shrank markedly to X tons, with a decrease of -55.4% against 2021. In general, exports saw a deep downturn. The most prominent rate of growth was recorded in 2020 with an increase of 27%. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, linseed exports contracted markedly to $X in 2022. Overall, exports saw a noticeable slump. The growth pace was the most rapid in 2013 with an increase of 36%. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Canada prevails in exports structure, finishing at X tons, which was near 95% of total exports in 2022. It was distantly followed by the United States (X tons), constituting a 5.1% share of total exports.

Canada was also the fastest-growing in terms of the linseed exports, with a CAGR of -8.8% from 2012 to 2022. The United States (-10.3%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Canada ($X) remains the largest linseed supplier in Northern America, comprising 92% of total exports. The second position in the ranking was taken by the United States ($X), with a 7.7% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Canada stood at -4.3%.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, increasing by 48% against the previous year. Overall, the export price posted a strong expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+10.2%).

Linseed Imports

Imports in Northern America

In 2022, supplies from abroad of linseed increased by 39% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, linseed imports surged to $X in 2022. In general, imports continue to indicate resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States prevails in imports structure, recording X tons, which was approx. 96% of total imports in 2022. Canada (X tons) took a minor share of total imports.

The United States experienced a relatively flat trend pattern with regard to volume of imports of linseed. Canada (-4.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United States increased by +2.4 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported linseed in Northern America, comprising 96% of total imports. The second position in the ranking was held by Canada ($X), with a 4.4% share of total imports.

In the United States, linseed imports expanded at an average annual rate of +6.3% over the period from 2012-2022.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2022, increasing by 33% against the previous year. Import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, linseed import price increased by +90.2% against 2018 indices. The growth pace was the most rapid in 2021 an increase of 38% against the previous year. Over the period under review, import prices attained the maximum in 2022 and is likely to see gradual growth in the near future.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per ton), while 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 Canada (+7.6%).

Source: IndexBox Platform

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