MENA: Linseed Market 2024

Linseed Market Size in MENA

The MENA's linseed market shrank dramatically to $X in 2022, waning by X% against the previous year. Overall, consumption continues to indicate a noticeable setback. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Linseed Production in MENA

In value terms, linseed production fell modestly to $X in 2022 estimated in export price. In general, production continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

The country with the largest volume of linseed production was Egypt (X tons), accounting for X% of total volume. Moreover, linseed production in Egypt exceeded the figures recorded by the second-largest producer, the United Arab Emirates (X tons), threefold.

In Egypt, linseed production expanded at an average annual rate of X% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: the United Arab Emirates (X% per year) and Tunisia (X% per year).

The average linseed yield surged to X tons per ha in 2022, jumping by X% compared with 2021 figures. The yield indicated a perceptible increase from 2012 to 2022: its figure 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 yield decreased by X% against 2018 indices. The growth pace was the most rapid in 2018 when the yield increased by X% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2019 to 2022, the growth of the linseed yield remained at a somewhat 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 linseed harvested area in MENA contracted to X ha, which is down by X% against the previous year. The total harvested area indicated tangible growth from 2012 to 2022: its figure 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 harvested area increased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of X%. The level of harvested area peaked at X ha in 2017; however, from 2018 to 2022, the harvested area failed to regain momentum.

Linseed Exports

Exports in MENA

In 2022, overseas shipments of linseed increased by X% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, linseed exports surged to $X in 2022. Overall, exports showed a significant increase. The growth pace was the most rapid in 2013 with an increase of X%. The level of export peaked in 2022 and is likely to see steady growth in the near future.

Exports by Country

Turkey prevails in exports structure, amounting to X tons, which was near X% of total exports in 2022. Egypt (X tons) and the United Arab Emirates (X tons) held a minor share of total exports.

Turkey was also the fastest-growing in terms of the linseed exports, with a CAGR of X% from 2012 to 2022. At the same time, Egypt (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Turkey (X p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates and Egypt saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Turkey ($X) remains the largest linseed supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by Egypt ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey totaled X%. In the other countries, the average annual rates were as follows: Egypt (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the export price, however, recorded a perceptible decrease. The pace of growth appeared the most rapid in 2020 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Egypt ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the other leaders experienced mixed trends in the export price figures.

Linseed Imports

Imports in MENA

In 2022, linseed imports in MENA shrank slightly to X tons, with a decrease of X% compared with 2021. Overall, imports saw a drastic downturn. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, linseed imports dropped modestly to $X in 2022. Over the period under review, imports continue to indicate a slight descent. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Turkey was the largest importer of linseed in MENA, with the volume of imports accounting for X tons, which was near X% of total imports in 2022. It was distantly followed by Egypt (X tons), committing an X% share of total imports. Israel (X tons), Morocco (X tons), the United Arab Emirates (X tons), Iran (X tons) and Algeria (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to linseed imports into Turkey stood at X%. At the same time, Algeria (X%), the United Arab Emirates (X%), Morocco (X%), Israel (X%) and Iran (X%) displayed positive paces of growth. Moreover, Algeria emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2022. Egypt experienced a relatively flat trend pattern. From 2012 to 2022, the share of Egypt, Israel, the United Arab Emirates, Morocco and Algeria increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported linseed in MENA, comprising X% of total imports. The second position in the ranking was held by Egypt ($X), with a X% share of total imports. It was followed by Israel, with a X% share.

In Turkey, linseed imports decreased by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Egypt (X% per year) and Israel (X% per year).

Import Prices by Country

The import price in MENA stood at $X per ton in 2022, leveling off at the previous year. In general, the import price, however, posted a measured expansion. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2021, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Israel ($X per ton), while Iran ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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