Uruguay: Linseed Market 2025

Linseed Market Size in Uruguay

The Uruguayan linseed market rose notably to $X in 2022, surging by 9.4% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Linseed Production in Uruguay

In value terms, linseed production fell slightly to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the production volume increased by 38%. Linseed production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

In 2022, the average yield of linseed in Uruguay fell slightly to X tons per ha, approximately reflecting the year before. Over the period under review, the yield recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the yield increased by 2.1%. Over the period under review, the average linseed yield reached the peak level at X tons per ha in 2012; however, from 2013 to 2022, the 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.

In 2022, approx. X ha of linseed were harvested in Uruguay; approximately reflecting the previous year's figure. In general, the harvested area recorded a slight downturn. The pace of growth was the most pronounced in 2016 when the harvested area increased by 10%. The linseed harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

Linseed Exports

Exports from Uruguay

In 2022, linseed exports from Uruguay dropped notably to X tons, shrinking by -55.7% compared with the previous year's figure. In general, exports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of 231%. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, linseed exports contracted remarkably to $X in 2022. Over the period under review, exports, however, showed a prominent increase. The pace of growth appeared the most rapid in 2017 with an increase of 220% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

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

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +16.3%.

In value terms, the United States ($X) also remains the key foreign market for linseed exports from Uruguay.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +15.5%.

Export Prices by Country

In 2022, the average linseed export price amounted to $X per ton, reducing by -9.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2013 when the average export price increased by 35% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat 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 2022, the rate of growth in terms of prices for the Netherlands amounted to +50.6% per year.

Linseed Imports

Imports into Uruguay

In 2022, linseed imports into Uruguay rose markedly to X tons, picking up by 9.5% on the previous year's figure. In general, imports enjoyed resilient growth. The most prominent rate of growth was recorded in 2013 when imports increased by 112% against the previous year. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, linseed imports rose to $X in 2022. Overall, imports showed a moderate expansion. The most prominent rate of growth was recorded in 2013 with an increase of 176% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Argentina (X tons) was the main linseed supplier to Uruguay, accounting for a 96% share of total imports. Moreover, linseed imports from Argentina exceeded the figures recorded by the second-largest supplier, Paraguay (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Argentina totaled +4.8%.

In value terms, Argentina ($X) constituted the largest supplier of linseed to Uruguay, comprising 92% of total imports. The second position in the ranking was held by Paraguay ($X), with a 6.2% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Argentina stood at +3.2%.

Import Prices by Country

The average linseed import price stood at $X per ton in 2022, waning by -4.4% against the previous year. Over the period under review, the import price saw a mild decline. The most prominent rate of growth was recorded in 2013 an increase of 30%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Paraguay (+25.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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