Colombia - Linseed Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingLinseed Oil Price in Colombia - 2022
Contents:
- Linseed Oil Price in Colombia (CIF) - 2022
- Linseed Oil Price in Colombia (FOB) - 2022
- Linseed Oil Imports in Colombia
- Linseed Oil Exports in Colombia
Linseed Oil Price in Colombia (CIF) - 2022
The average linseed oil import price stood at $1,720 per ton in 2022, reducing by -19.1% against the previous year. In general, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, linseed oil import price increased by +46.3% against 2019 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by 54%. As a result, import price attained the peak level of $2,126 per ton, and then fell significantly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($3,131 per ton), while the price for Germany ($1,217 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+4.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Linseed Oil Price in Colombia (FOB) - 2022
In 2022, the average linseed oil export price amounted to $5,471 per ton, increasing by 23% against the previous year. Overall, the export price, however, saw a noticeable decrease. The pace of growth was the most pronounced in 2014 an increase of 36% against the previous year. The export price peaked at $8,800 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Ecuador ($19,857 per ton), while the average price for exports to Panama ($4,000 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 Costa Rica (+14.7%), while the prices for the other major destinations experienced mixed trend patterns.
Linseed Oil Imports in Colombia
Linseed oil imports into Colombia stood at 926 tons in 2022, with an increase of 9.8% on 2021 figures. In general, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 190% against the previous year. As a result, imports attained the peak of 1K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, linseed oil imports shrank to $1.6M in 2022. Over the period under review, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 240%.
Import of Linseed Oil in Colombia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Belgium | 175 | 377 | 418 | 474 | 39.4% |
Canada | 3.4 | 205 | 308 | 257 | 322.8% |
Germany | 22.3 | 200 | 222 | 183 | 101.7% |
Others | 209 | 610 | 846 | 679 | 48.1% |
Total | 410 | 1,393 | 1,793 | 1,593 | 57.2% |
Top Suppliers of Linseed Oil to Colombia in 2022:
- Belgium (269.8 tons)
- Germany (150.5 tons)
- Canada (82.0 tons)
Linseed Oil Exports in Colombia
After three years of growth, shipments abroad of linseed oil decreased by -29.3% to 1.1 tons in 2022. Overall, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 119%. As a result, the exports attained the peak of 1.5 tons, and then shrank notably in the following year.
In value terms, linseed oil exports shrank to $5.8K in 2022. In general, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +19.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +70.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 57%.
Export of Linseed Oil in Colombia (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Ireland | N/A | N/A | N/A | 2,699 | 0% |
Ecuador | 2,323 | 4,326 | 98.0 | 139 | -60.9% |
Costa Rica | 400 | 433 | 420 | 17.0 | -65.1% |
Aruba | 82.0 | 142 | 9.0 | 12.0 | -47.3% |
Peru | 309 | 201 | 9.0 | 11.0 | -67.1% |
Others | 273 | 223 | 6,103 | 2,899 | 119.8% |
Total | 3,387 | 5,325 | 6,639 | 5,777 | 19.5% |
Top Export Markets for Linseed Oil from Colombia in 2022:
- Ireland (519.0 kg)
- Ecuador (7.0 kg)
- Costa Rica (1.0 kg)
- Aruba (1.0 kg)
- Peru (1.0 kg)
This report provides an in-depth analysis of the linseed oil market in Colombia. 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 334 - Oil of Linseed
Country coverage:
- Colombia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Colombia
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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