South Africa: Linseed Market 2025

Linseed Market Size in South Africa

The South African linseed market soared to $X in 2022, jumping by 73% 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, the total consumption indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +128.6% against 2017 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Linseed Exports

Exports from South Africa

In 2022, shipments abroad of linseed was finally on the rise to reach X tons after two years of decline. In general, exports enjoyed slight growth. The pace of growth appeared the most rapid in 2014 with an increase of 799%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, linseed exports surged to $X in 2022. Over the period under review, exports showed a measured expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 524% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Botswana (X tons), Namibia (X tons) and Tanzania (X tons) were the main destinations of linseed exports from South Africa, with a combined 70% share of total exports. Zimbabwe, Zambia, Swaziland and Mozambique lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2022, the biggest increases were recorded for Swaziland (with a CAGR of +23.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for linseed exported from South Africa were Botswana ($X), Namibia ($X) and Zimbabwe ($X), together accounting for 66% of total exports. Tanzania, Zambia, Swaziland and Mozambique lagged somewhat behind, together accounting for a further 27%.

Swaziland, with a CAGR of +35.7%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average linseed export price stood at $X per ton in 2022, rising by 12% against the previous year. Overall, export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, linseed export price increased by +80.0% against 2017 indices. The growth pace was the most rapid in 2013 when the average export price increased by 38% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Swaziland ($X per ton), while the average price for exports to Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Swaziland (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.

Linseed Imports

Imports into South Africa

In 2022, linseed imports into South Africa skyrocketed to X tons, rising by 57% on the year before. In general, imports showed a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

Imports by Country

In 2022, Ukraine (X tons) constituted the largest supplier of linseed to South Africa, accounting for a 66% share of total imports. Moreover, linseed imports from Ukraine exceeded the figures recorded by the second-largest supplier, Canada (X tons), eightfold. India (X tons) ranked third in terms of total imports with a 7.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Ukraine totaled +85.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (-20.3% per year) and India (+11.7% per year).

In value terms, Ukraine ($X) constituted the largest supplier of linseed to South Africa, comprising 59% of total imports. The second position in the ranking was taken by Canada ($X), with an 11% share of total imports. It was followed by India, with an 8.5% share.

From 2012 to 2022, the average annual growth rate of value from Ukraine amounted to +84.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (-15.5% per year) and India (+14.5% per year).

Import Prices by Country

In 2022, the average linseed import price amounted to $X per ton, rising by 13% against the previous year. In general, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +3.7% 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 +70.6% against 2018 indices. The most prominent rate of growth was recorded in 2021 an increase of 43% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Kazakhstan ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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