Kenya - Linseed Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingLinseed Oil Price in Kenya - 2021
Contents:
- Linseed Oil Price in Kenya (CIF) - 2022
- Linseed Oil Price in Kenya (FOB) - 2022
- Linseed Oil Imports in Kenya
- Linseed Oil Exports in Kenya
Linseed Oil Price in Kenya (CIF) - 2022
In 2022, the average linseed oil import price amounted to $2,157 per ton, reducing by -6.7% against the previous year. Overall, the import price showed a slight shrinkage. The pace of growth appeared the most rapid in 2021 an increase of 43% against the previous year. Over the period under review, average import prices attained the maximum at $2,456 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($3,134 per ton), while the price for the United Arab Emirates ($1,843 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+1.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Linseed Oil Price in Kenya (FOB) - 2022
In 2022, the average linseed oil export price amounted to $1,469 per ton, dropping by -47% against the previous year. In general, the export price, however, posted a noticeable increase. The growth pace was the most rapid in 2017 an increase of 81% against the previous year. The export price peaked at $4,678 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
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 Rwanda ($4,355 per ton), while the average price for exports to Tanzania ($176 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 Rwanda (+14.6%), while the prices for the other major destinations experienced more modest paces of growth.
Linseed Oil Imports in Kenya
Linseed oil imports into Kenya fell to 33 tons in 2022, reducing by -14.9% compared with 2021 figures. Over the period under review, imports saw a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 19%.
In value terms, linseed oil imports shrank rapidly to $71K in 2022. Overall, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 70% against the previous year. As a result, imports attained the peak of $90K, and then declined sharply in the following year.
| Import of Linseed Oil in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 31.2 | 15.5 | 23.5 | 20.5 | -13.1% |
| India | 2.4 | 7.7 | 14.3 | 15.6 | 86.6% |
| United Kingdom | 11.0 | 9.9 | 17.2 | 12.7 | 4.9% |
| Netherlands | 1.2 | 2.3 | 3.7 | 2.5 | 27.7% |
| United Arab Emirates | 0.4 | 1.2 | 3.0 | 2.1 | 73.8% |
| Others | 26.9 | 16.2 | 28.2 | 18.0 | -12.5% |
| Total | 73.1 | 52.8 | 89.8 | 71.3 | -0.8% |
Top Suppliers of Linseed Oil to Kenya in 2022:
- Belgium (10.5 tons)
- United Kingdom (5.4 tons)
- India (5.0 tons)
- Netherlands (1.1 tons)
- United Arab Emirates (1.1 tons)
Linseed Oil Exports in Kenya
Linseed oil exports from Kenya skyrocketed to 33 tons in 2022, with an increase of 124% compared with the previous year. Over the period under review, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, linseed oil exports surged to $49K in 2022. In general, exports, however, saw a relatively flat trend pattern.
| Export of Linseed Oil in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Rwanda | 44.0 | 51.4 | 35.8 | 43.9 | -0.1% |
| Tanzania | 0.1 | 0.1 | 0.6 | 4.0 | 242.0% |
| Germany | 0.5 | 0.2 | 1.5 | 0.7 | 11.9% |
| United States | 4.5 | 0.3 | 1.0 | 0.2 | -64.6% |
| Democratic Republic of the Congo | 0.1 | 0.1 | 1.0 | 0.2 | 26.0% |
| Portugal | N/A | 2.4 | N/A | N/A | 0% |
| Italy | N/A | 2.0 | N/A | N/A | 0% |
| Others | 0.1 | 0.2 | 1.6 | N/A | 300.0% |
| Total | 49.2 | 56.7 | 41.4 | 49.1 | -0.1% |
Top Export Markets for Linseed Oil from Kenya in 2022:
- Tanzania (22.7 tons)
- Rwanda (10.1 tons)
- Democratic Republic of the Congo (0.3 tons)
- Germany (0.2 tons)
- United States (0.1 tons)
This report provides an in-depth analysis of the linseed oil market in Kenya. 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:
- Kenya
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Kenya
- 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
-
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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