Bolivia: Linseed Market 2024

Linseed Market Size in Bolivia

The Bolivian linseed market surged to $X in 2022, growing by X% against the previous year. Overall, consumption recorded a prominent expansion. Linseed consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Linseed Production in Bolivia

In value terms, linseed production rose notably to $X in 2022 estimated in export price. In general, production enjoyed prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

In 2022, the average linseed yield in Bolivia skyrocketed to X tons per ha, increasing by X% against the previous year's figure. In general, the yield continues to indicate a remarkable increase. As a result, the yield attained the peak level and is likely to continue growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the linseed harvested area in Bolivia was estimated at X ha, remaining stable against the previous year. Overall, the harvested area showed a relatively flat trend pattern. Over the period under review, the harvested area dedicated to linseed production reached the peak figure at X ha in 2019; however, from 2020 to 2022, the harvested area remained at a lower figure.

Linseed Exports

Exports from Bolivia

In 2022, shipments abroad of linseed increased by X% to X tons, rising for the third year in a row after four years of decline. Over the period under review, exports enjoyed a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, linseed exports skyrocketed to $X in 2022. In general, exports posted strong growth. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

Peru (X tons) was the main destination for linseed exports from Bolivia, with a X% share of total exports. It was followed by Chile (X tons), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Peru amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (X% per year) and Spain (X% per year).

In value terms, Peru ($X) remains the key foreign market for linseed exports from Bolivia, comprising X% of total exports. The second position in the ranking was taken by Chile ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Peru stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (X% per year) and Spain (X% per year).

Export Prices by Country

In 2022, the average linseed export price amounted to $X per ton, growing by X% against the previous year. In general, the export price posted a slight expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Chile ($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 Chile (X%), while the prices for the other major destinations experienced more modest paces of growth.

Linseed Imports

Imports into Bolivia

In 2022, linseed imports into Bolivia fell rapidly to X tons, waning by X% compared with the year before. Over the period under review, imports, however, saw significant growth. The pace of growth was the most pronounced in 2017 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, linseed imports plummeted to $X in 2022. Overall, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Argentina (X tons) was the main linseed supplier to Bolivia, with a approx. X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Argentina stood at X%.

In value terms, Argentina ($X) constituted the largest supplier of linseed to Bolivia.

From 2012 to 2022, the average annual rate of growth in terms of value from Argentina amounted to X%.

Import Prices by Country

The average linseed import price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of X% 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 X% against 2016 indices. The pace of growth appeared the most rapid in 2013 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Argentina.

From 2012 to 2022, the rate of growth in terms of prices for Canada amounted to X% per year.

Source: IndexBox Platform

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