India: Linseed Market 2024

Linseed Market Size in India

The Indian linseed market rose modestly to $X in 2022, increasing by X% against the previous year. Over the period under review, consumption, however, showed a abrupt slump. Linseed consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Linseed Production in India

In value terms, linseed production amounted to $X in 2022 estimated in export price. In general, production, however, showed a deep reduction. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

The average yield of linseed in India expanded sharply to X kg per ha in 2022, picking up by X% compared with the previous year's figure. The yield figure increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 when the yield increased by X% against the previous year. The linseed yield peaked at X kg per ha in 2020; however, from 2021 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, the total area harvested in terms of linseed production in India dropped modestly to X ha, approximately reflecting 2021 figures. Overall, the harvested area recorded a abrupt decline. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the harvested area dedicated to linseed production attained the peak figure at X ha in 2018; however, from 2019 to 2022, the harvested area remained at a lower figure.

Linseed Exports

Exports from India

In 2022, overseas shipments of linseed increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports enjoyed a significant increase. The pace of growth was the most pronounced 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. In general, exports continue to indicate significant growth. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X tons), the Netherlands (X tons) and Germany (X tons) were the main destinations of linseed exports from India, together accounting for X% of total exports.

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

In value terms, the United States ($X) emerged as the key foreign market for linseed exports from India, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with a X% share of total exports. It was followed by the Netherlands, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and the Netherlands (X% per year).

Export Prices by Country

The average linseed export price stood at $X per ton in 2022, growing by X% against the previous year. Overall, export price indicated moderate 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 export price increased by X% against 2018 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the United States ($X per ton) and Germany ($X per ton), while the average price for exports to Indonesia ($X per ton) and the United Arab Emirates ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (X%), while the prices for the other major destinations experienced more modest paces of growth.

Linseed Imports

Imports into India

In 2022, the amount of linseed imported into India reduced notably to X tons, declining by X% on 2021 figures. In general, imports, however, showed significant growth. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, linseed imports shrank markedly to $X in 2022. Over the period under review, imports, however, recorded a significant increase. The growth pace was the most rapid in 2013 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

Denmark (X tons) and Norway (X tons) were the main suppliers of linseed imports to India.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Denmark (with a CAGR of X%).

In value terms, Denmark ($X) and Norway ($X) constituted the largest linseed suppliers to India.

Denmark, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review.

Import Prices by Country

In 2022, the average linseed import price amounted to $X per ton, picking up by X% against the previous year. In general, the import price continues to indicate a resilient increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Norway ($X per ton), while the price for Denmark totaled $X per ton.

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

Source: IndexBox Platform

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