Ethiopia: Linseed Market 2024

Linseed Market Size in Ethiopia

The Ethiopian linseed market stood at $X in 2022, remaining stable against the previous year. In general, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Linseed Production in Ethiopia

In value terms, linseed production stood at $X in 2022 estimated in export price. Overall, the total production indicated noticeable growth from 2012 to 2022: its value 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, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

In 2022, the average yield of linseed in Ethiopia declined slightly to X tons per ha, remaining constant against the previous year. Overall, the yield, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the yield increased by X% against the previous year. Over the period under review, the average linseed yield hit record highs at X tons per ha in 2018; however, from 2019 to 2022, the yield remained at a lower figure. 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 Ethiopia; stabilizing at the year before. Overall, the harvested area continues to indicate a perceptible slump. The pace of growth appeared the most rapid in 2020 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 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

Linseed Exports

Exports from Ethiopia

In 2022, overseas shipments of linseed increased by X% to X tons, rising for the second consecutive year after four years of decline. In general, exports, however, recorded a dramatic downturn. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, linseed exports skyrocketed to $X in 2022. Overall, exports, however, recorded a dramatic decline. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Djibouti (X tons), the United States (X tons) and Saudi Arabia (X kg) were the main destinations of linseed exports from Ethiopia, with a combined X% share of total exports. Canada and Germany lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Djibouti ($X) and Canada ($X) appeared to be the largest markets for linseed exported from Ethiopia worldwide, together accounting for X% of total exports. Saudi Arabia and Germany lagged somewhat behind, together comprising a further X%.

Germany, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average linseed export price amounted to $X per ton, with an increase of X% against the previous year. In general, the export price showed a strong expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by X%. The export price peaked 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 Canada ($X per ton), while the average price for exports to Saudi Arabia ($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 Egypt (X%), while the prices for the other major destinations experienced more modest paces of growth.

Linseed Imports

Imports into Ethiopia

In 2022, the amount of linseed imported into Ethiopia was estimated at X kg, therefore, remained relatively stable against the year before. In general, imports continue to indicate a pronounced setback. The smallest decline of X% was in 2020. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, linseed imports totaled $X in 2022. Over the period under review, imports posted significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Belgium (X kg) constituted the largest linseed supplier to Ethiopia, with a approx. X% share of total imports.

From 2014 to 2022, the average annual rate of growth in terms of volume from Belgium was relatively modest.

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

From 2014 to 2022, the average annual rate of growth in terms of value from Belgium was relatively modest.

Import Prices by Country

The average linseed import price stood at $X per ton in 2022, approximately equating the previous year. In general, the import price enjoyed a significant expansion. The growth pace was the most rapid in 2020 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a lower figure.

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

From 2014 to 2022, the rate of growth in terms of prices for India amounted to X% per year.

Source: IndexBox Platform

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