Report Update Feb 1, 2025

Western Africa - Linseed - Market Analysis, Forecast, Size, Trends and Insights

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Western Africa: Linseed Market 2025

Linseed Market Size in Western Africa

The West African linseed market contracted rapidly to $X in 2022, falling by -22.5% against the previous year. Over the period under review, consumption recorded a pronounced curtailment. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Linseed Production in Western Africa

In value terms, linseed production rose to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.8% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when the production volume increased by 31%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

The country with the largest volume of linseed production was Nigeria (X tons), accounting for 99% of total volume.

From 2012 to 2022, the average annual rate of growth in terms of volume in Nigeria amounted to +2.0%.

Linseed Exports

Exports in Western Africa

In 2022, approx. X tons of linseed were exported in Western Africa; jumping by 49% against 2021. Overall, exports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 418% against the previous year. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, linseed exports surged to $X in 2022. Over the period under review, exports posted resilient growth. The most prominent rate of growth was recorded in 2020 when exports increased by 336% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The biggest shipments were from Nigeria (X tons), together finishing at 100% of total export.

Nigeria was also the fastest-growing in terms of the linseed exports, with a CAGR of +17.1% from 2012 to 2022. Nigeria (+7.7 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) also remains the largest linseed supplier in Western Africa.

In Nigeria, linseed exports increased at an average annual rate of +15.7% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period under review, the export price saw a mild reduction. The most prominent rate of growth was recorded in 2014 when the export price increased by 51%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Nigeria.

From 2012 to 2022, the rate of growth in terms of prices for Nigeria amounted to -1.2% per year.

Linseed Imports

Imports in Western Africa

In 2022, purchases abroad of linseed decreased by -13.3% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, saw a prominent expansion. The growth pace was the most rapid in 2015 when imports increased by 140%. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, linseed imports fell to $X in 2022. Over the period under review, imports, however, showed strong growth. The pace of growth was the most pronounced in 2015 with an increase of 57% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then contracted in the following year.

Imports by Country

Cabo Verde represented the key importing country with an import of about X tons, which accounted for 44% of total imports. Senegal (X tons) took the second position in the ranking, distantly followed by Nigeria (X tons) and Cote d'Ivoire (X tons). All these countries together held approx. 47% share of total imports. Togo (X tons) and Ghana (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Senegal (with a CAGR of +75.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Cabo Verde ($X), Senegal ($X) and Nigeria ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising 84% of total imports.

Senegal, with a CAGR of +95.4%, recorded the highest growth rate of the value of imports, among 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 Western Africa amounted to $X per ton, picking up by 2.4% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the import price increased by 32% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Senegal ($X per ton), while Togo ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Togo (+15.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for linseed in Western Africa?

Nigeria remains the largest linseed consuming country in Western Africa, comprising approx. 88% of total volume. Moreover, linseed consumption in Nigeria exceeded the figures recorded by the second-largest consumer, Togo, more than tenfold.

What are the largest producers of linseed in Western Africa?

Nigeria remains the largest linseed producing country in Western Africa, accounting for 96% of total volume. It was followed by Togo, with a 2.8% share of total production.

What are the leading suppliers of linseed in Western Africa?

In value terms, Nigeria remains the largest linseed supplier in Western Africa.

What are the leading importers of linseed in Western Africa?

In value terms, Cabo Verde constitutes the largest market for imported linseed in Western Africa, comprising 47% of total imports. The second position in the ranking was occupied by Ghana, with a 17% share of total imports. It was followed by Cote d'Ivoire, with a 15% share.

What is the average export price for linseed in Western Africa?

The linseed export price in Western Africa stood at $1,085 per ton in 2021, dropping by -6.8% against the previous year.

What is the average import price for linseed in Western Africa?

In 2021, the linseed import price in Western Africa amounted to $2,055 per ton, waning by -5% against the previous year.

This report provides an in-depth analysis of the linseed market in Western Africa. 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 333 - Linseed

Country coverage:

Benin
Burkina Faso
Cabo Verde
Gambia
Ghana
Guinea
Guinea-Bissau
Liberia
Mali
Mauritania
Niger
Nigeria
Saint Helena, Ascension and Tristan da Cunha
Senegal
Sierra Leone
Togo
Cote d'Ivoire

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Production in Western Africa, split by region and country
Trade (exports and imports) in Western Africa
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. CONSUMPTION BY COUNTRY
3. 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. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. 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
2. PRODUCTION BY COUNTRY
3. HARVESTED AREA AND YIELD BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2024
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
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- Benin
- Burkina Faso
- Cabo Verde
- Gambia
- Ghana
- Guinea
- Guinea-Bissau
- Liberia
- Mali
- Mauritania
- Niger
- Nigeria
- Saint Helena, Ascension and Tristan da Cunha
- Senegal
- Sierra Leone
- Togo
- Cote d'Ivoire
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption, By Country, 2018–2024
5. Production, In Physical Terms, By Country, 2012–2024
6. Harvested Area, By Country, 2012-2024
7. Yield, By Country, 2012-2024
8. Imports, In Physical Terms, By Country, 2012–2024
9. Imports, In Value Terms, By Country, 2012–2024
10. Import Prices, By Country Of Destination, 2012–2024
11. Exports, In Physical Terms, By Country, 2012–2024
12. Exports, In Value Terms, By Country, 2012–2024
13. Export Prices, By Country Of Origin, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Consumption, By Country, 2024
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Yield And Growth
12. Exports And Growth
13. Export Prices And Growth
14. Market Size And Growth
15. Per Capita Consumption
16. Imports And Growth
17. Import Prices
18. Production, In Physical Terms, 2012–2024
19. Production, In Value Terms, 2012–2024
20. Area Harvested, 2012–2024
21. Yield, 2012–2024
22. Production, By Country, 2024
23. Production, In Physical Terms, By Country, 2012–2024
24. Harvested Area, By Country, 2024
25. Harvested Area, By Country, 2012-2024
26. Yield, By Country, 2012-2024
27. Imports, In Physical Terms, 2012–2024
28. Imports, In Value Terms, 2012–2024
29. Imports, In Physical Terms, By Country, 2024
30. Imports, In Physical Terms, By Country, 2012–2024
31. Imports, In Value Terms, By Country, 2012–2024
32. Import Prices, By Country, 2012–2024
33. Exports, In Physical Terms, 2012–2024
34. Exports, In Value Terms, 2012–2024
35. Exports, In Physical Terms, By Country, 2024
36. Exports, In Physical Terms, By Country, 2012–2024
37. Exports, In Value Terms, By Country, 2012–2024
38. Export Prices, 2012–2024