Product
Linseed Oil Price Trend and Forecast
Linseed Oil Price Trend and Forecast
Linseed Oil Regional Price Overview
Get the latest insights on price movement and trend analysis of Linseed Oil in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Linseed Oil Price Trend for Q1 of 2024
Linseed Oil co, mainly known as flaxseed oil, showed an upward movement in prices during the first quarter of the year 2024. The oil prices are directly dependent and follow the market fluctuations of linseed or flaxseeds. The key growing regions saw a decline in the total planted area or acreage, causing the overall yield to depreciate and impacting the price curve from the supply side.
Linseed Oil Price Chart
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Kazakhstan experienced a significant decline in oilseed harvests this season, particularly with curly flax, where the gross collection in 2023 was around 361.7 thousand tonnes, a drop of over 57% from the previous year's 845.6 thousand tonnes. Additionally, adverse weather conditions led to the loss of about 96,000 hectares of flaxseed crops. Despite these challenges, Kazakhstan remains one of the top three global suppliers of flaxseed. This season, the global flaxseed market faces a unique challenge as the demand for processing raw materials substantially exceeds the available supply.
Analyst Insight
According to Procurement Resource, with high demands, the flaxseed acreage is likely to improve in the next growing season, however, any immediate alteration in the price pattern is not anticipated for Linseed Oil markets.
Procurement Resource provides latest prices of Linseed Oil. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
About Linseed Oil
Linseed oil, derived from flaxseeds, is a versatile natural oil valued for its use in various industrial applications. It is primarily known for its role in paints and varnishes, where its drying properties create durable coatings. Linseed oil is also used in wood finishes, printing inks, and industrial coatings due to its ability to enhance surface protection and adhesion. Additionally, it serves as a key ingredient in putty and sealants, leather treatments, and the manufacturing of linoleum, highlighting its importance in diverse sectors including construction, manufacturing, and crafts.
Linseed Oil Product Details
| Report Features | Details |
| Product Name | Linseed Oil |
| Synonyms | Flaxseed oil |
| Industrial Uses | Paints and Varnishes, Wood Finishes, Printing Inks, Industrial Coatings, Putty and Sealants, Leather Treatments, Linoleum Manufacturing |
| CAS number | 8001-26-1 |
| HS Code | 15151990 |
| Supplier Database | Cargill, Inc., Vandeputte Oleochemicals, Gustav Heess Oleochemische Erzeugnisse GmbH, Henry Lamotte Oils GmbH, KH Chemicals |
| Region/Countries Covered | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
| Currency | US$ (Data can also be provided in local currency) |
| Supplier Database Availability | Yes |
| Customization Scope | The report can be customized as per the requirements of the customer |
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Linseed Oil Production Process
- Linseed Oil Production by hot pressing method.
The production process is initiated by processing flax seeds through a hot-pressing technique. The process begins by sorting high-quality flax seeds, crossing the primary seed processing units. The fine-quality seeds are then pressed in a huge container at a high temperature. The oil extracted and collected is then passed through the pumps into the cooling pots, and when the temperature drops downs to 30-35 °C, it is passed on to the filters. The process results in the production of refined linseed oil as the end product.
Methodology
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e., government agencies, external trade bodies, and industry publications).
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