U.S.: Linseed Market 2024

Linseed Market Size in the U.S.

In 2022, after two years of decline, there was significant growth in the U.S. linseed market, when its value increased by X% to $X. Overall, consumption posted tangible growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Linseed Production in the U.S.

In value terms, linseed production declined to $X in 2022. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X%. Linseed production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

In 2022, the average linseed yield in the United States soared to X kg per ha, picking up by X% against the previous year's figure. Overall, the yield, however, continues to indicate a mild decline. The pace of growth was the most pronounced in 2018 when the yield increased by X%. Over the period under review, the average linseed yield hit record highs at X tons per ha in 2016; however, from 2017 to 2022, the yield failed to regain momentum. 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 the United States; picking up by X% compared with 2021. Over the period under review, the harvested area, however, showed a mild curtailment. The pace of growth was the most pronounced in 2014 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to linseed production attained the peak figure at X ha in 2015; however, from 2016 to 2022, the harvested area remained at a lower figure.

Linseed Exports

Exports from the U.S.

In 2022, shipments abroad of linseed decreased by X% to X tons, falling for the second year in a row after two years of growth. Overall, exports faced a deep setback. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, linseed exports fell dramatically to $X in 2022. Over the period under review, exports showed a slight reduction. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Canada (X tons) was the main destination for linseed exports from the United States, with a X% share of total exports. Moreover, linseed exports to Canada exceeded the volume sent to the second major destination, Mexico (X tons), fourfold. The UK (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Canada totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and the UK (X% per year).

In value terms, Canada ($X) remains the key foreign market for linseed exports from the United States, comprising X% of total exports. The second position in the ranking was taken by Mexico ($X), with a X% share of total exports. It was followed by the UK, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Canada totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and the UK (X% per year).

Export Prices by Country

The average linseed export price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the export price saw buoyant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Belgium ($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 Mexico (X%), while the prices for the other major destinations experienced more modest paces of growth.

Linseed Imports

Imports into the U.S.

In 2022, purchases abroad of linseed increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, imports recorded a relatively flat trend pattern. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, linseed imports soared to $X in 2022. Over the period under review, imports showed a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Canada (X tons) constituted the largest linseed supplier to the United States, accounting for a X% share of total imports. Moreover, linseed imports from Canada exceeded the figures recorded by the second-largest supplier, Russia (X tons), threefold. The third position in this ranking was taken by Kazakhstan (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Canada amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (X% per year) and Kazakhstan (X% per year).

In value terms, Canada ($X) constituted the largest supplier of linseed to the United States, comprising X% of total imports. The second position in the ranking was held by Russia ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Canada amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (X% per year) and Turkey (X% per year).

Import Prices by Country

In 2022, the average linseed import price amounted to $X per ton, picking up by X% against the previous year. Overall, import price indicated strong growth 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 2018 indices. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The import price peaked in 2022 and is likely to see steady growth in years to come.

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

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

Source: IndexBox Platform

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