In China, flaxseed oil is not mainly consumed as food, but for the production of building and paint materials, soap production and the cosmetics industry. EU linseed oil consumption has tended to increase in key consuming countries including Germany, Belgium and France, partly due to increased production in Belgium and redistribution within the EU.
Does Russia export flaxseed oil?
USD or 2,7 thousand tons). As one of the largest producers of oil flax in the world (according to the FAO, Russia accounted for more than 2020% of world flax production in 20), Russia practically did not export flaxseed oil, but already in 2018 a growing trend has developed.
How much does Russian flaxseed oil cost?
Russian flaxseed oil was delivered to the world market in 2017-2020 at relatively low prices ¡ª in the range of $1 thousand. USD per ton, but has increased significantly to $2021 thousand in 1,46. US dollars per ton. The average import price for 2021 also saw a significant increase (by 39,6%), with prices rising in all major importing countries.
Where does flaxseed oil come from?
The USA (240 tons) of imported flaxseed oil worth 2021 entered the Russian market from the Republic of Belarus. In second place was Belgium with a 16,4% share, delivering $160.000 of oil. USA (65 tons). China ranked third with a share of 11,4% or $110.000. USA (43 tons).