Linseed market in Peru

Earlier Report Observations

The market volume for linseed in Peru showed notable volatility between 2018 and 2023. It grew steadily from 2 953 t in 2018 to 3 031 t in 2019, then surged by 45% to reach 4 404 t in 2020.

This peak was followed by a contraction, with the market falling to 3 605 t in 2021 and further to 2 707 t in 2022. A partial recovery occurred in 2023, when volume increased by 17% to 3 175 t.

Domestic production declined throughout the period, from 964 t in 2018 to 522 t in 2023, making import volumes the primary determinant of overall market size fluctuations.

Production linseed in Peru

In kind, 2017-2020, t

Top producers of linseed, 2017-2020

World map of production of linseed, 2017-2020

In 2020, Peru produced 959 tons of linseed, marking a 2.3% decrease compared to the previous year. Looking at the period from 2017 to 2020, production fell by 15.3%, which translates to an average annual decline of 5.4%. The most significant drop occurred in 2018, with a 14.9% reduction, while the largest increase was seen in 2019, at 1.9%.

Annual dynamics of production in Peru in kind, 2017-2020, t

In value, 2017-2020, K $ US

Linseed production in Peru increased for the second year in a row. In 2020, the value of linseed output reached 2 476 thousand US dollars, up 6.8% from the previous year. The lowest value was recorded in 2018 at 1 948 thousand US dollars, which also saw the largest decline of 19.9%. Conversely, the biggest increase happened in 2019, with a 19.0% rise.

Annual dynamics of production in Peru in value, 2017-2020, K $ US

Exports linseed from Peru

Exports in kind, t

The market exhibited volatility during these years. Export volumes peaked in 2018 and hit their lowest point in 2019, showing a 2.3-fold difference between these two years. In 2020, Peru's foreign linseed supplies totaled 37 tons, representing a sharp 74.7% increase compared to 2019. The minimum volume was 21 tons in 2019, while the maximum was 48 tons in 2018. The largest decline occurred in 2019, with a 56.3% drop.

Annual dynamics of product's exports from Peru in kind, 2017-2020, t

From 2017 to 2020, the United States was the dominant market for Peru's linseed exports in kind, accounting for 83.0% of total flows, with other countries making up the remainder.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Peru in kind, 2017-2020

Exports in value, K $ US

The market showed signs of volatility over the observed period. The highest value was observed in 2018, while the lowest occurred in 2019, with a peak-to-trough ratio of 2 times. In 2020, linseed export volumes from Peru amounted to 95 thousand US dollars, constituting a sharp gain of 91.1% year-over-year. The minimum value was recorded in 2019 at 50 thousand US dollars, and the maximum in 2018 at 97 thousand US dollars. The largest decline was in 2019, with a 48.9% decrease.

Annual dynamics of product's exports from Peru in value, 2017-2020, K $ US

Between 2017 and 2020, the United States accounted for 75.2% of Peru's total linseed exports in value terms, with the remaining flows distributed among a broad group of smaller countries.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Peru in value, 2017-2020

Imports linseed to Peru

Imports in kind, t

Peru's linseed imports increased for the second consecutive year. In 2020, Peru imported 3 482 tons of linseed, representing a 68.2% rise year-over-year. Over the period from 2017 to 2020, imports grew by 44.3%, with a compound annual growth rate of 13.0%. The minimum volume was recorded in 2018 at 2 037 tons, which also saw the largest decline of 15.6%.

Annual dynamics of product's imports to Peru in kind, 2017-2020, t

Throughout 2017 to 2020, imports in kind were heavily focused on Canada, which accounted for 100.0% of total flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Peru in kind, 2017-2020

Imports in value, K $ US

The data reveals irregular changes, indicating a volatile market environment. Import volumes reached their maximum in 2020 and dropped to a minimum in 2018, showing a 1.9-fold shift. In 2020, Peru's linseed import volume was recorded at 2 448 thousand US dollars, up by 84.3% over the past year. The minimum value was in 2018 at 1 290 thousand US dollars, which also experienced the largest decline of 17.2%.

Annual dynamics of product's imports to Peru in value, 2017-2020, K $ US

From 2017 to 2020, the market structure was highly concentrated, with Canada alone responsible for 100.0% of total imports in value terms.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Peru in value, 2017-2020