MERCOSUR: Linseed Market 2024

Linseed Market Size in MERCOSUR

In 2022, after two years of growth, there was significant decline in the MERCOSUR linseed market, when its value decreased by X% to $X. Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Linseed Production in MERCOSUR

In value terms, linseed production reached $X in 2022 estimated in export price. In general, production, however, showed a noticeable setback. The pace of growth appeared the most rapid in 2015 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

The country with the largest volume of linseed production was Argentina (X tons), comprising approx. X% of total volume. Moreover, linseed production in Argentina exceeded the figures recorded by the second-largest producer, Uruguay (X tons), threefold. Brazil (X tons) ranked third in terms of total production with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in Argentina was relatively modest. In the other countries, the average annual rates were as follows: Uruguay (X% per year) and Brazil (X% per year).

The average linseed yield rose rapidly to X tons per ha in 2022, picking up by X% against the year before. Overall, the yield saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 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, approx. X ha of linseed were harvested in MERCOSUR; with an increase of X% compared with 2021. Over the period under review, the harvested area, however, recorded a noticeable shrinkage. The growth pace was the most rapid in 2020 with an increase of X%. The level of harvested area peaked at X ha in 2015; however, from 2016 to 2022, the harvested area failed to regain momentum.

Linseed Exports

Exports in MERCOSUR

In 2022, shipments abroad of linseed increased by X% to X tons, rising for the second year in a row after four years of decline. Over the period under review, exports, however, saw a abrupt setback. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, linseed exports soared to $X in 2022. In general, exports, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2016 when exports increased by X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Argentina dominates exports structure, recording X tons, which was near X% of total exports in 2022. It was distantly followed by Uruguay (X tons), committing a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to linseed exports from Argentina stood at X%. At the same time, Uruguay (X%) displayed positive paces of growth. Moreover, Uruguay emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2022. While the share of Uruguay (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Argentina (X p.p.) displayed negative dynamics.

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

In Argentina, linseed exports decreased by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the export price recorded a mild slump. The most prominent rate of growth was recorded in 2013 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Uruguay ($X per ton), while Argentina totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uruguay (X%).

Linseed Imports

Imports in MERCOSUR

In 2022, after two years of growth, there was significant decline in supplies from abroad of linseed, when their volume decreased by X% to X tons. Total imports indicated a pronounced expansion from 2012 to 2022: its volume 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. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then fell remarkably in the following year.

In value terms, linseed imports contracted to $X in 2022. Total imports indicated a pronounced increase 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, imports increased by X% against 2018 indices. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2021, and then dropped in the following year.

Imports by Country

The purchases of the three major importers of linseed, namely Colombia, Peru and Brazil, represented more than two-thirds of total import. Ecuador (X tons) held the next position in the ranking, followed by Chile (X tons). All these countries together held approx. X% share of total imports. Paraguay (X tons) held a relatively small share of total imports.

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

In value terms, Colombia ($X), Peru ($X) and Ecuador ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Peru, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, growing by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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