Linseed oil and fractions market in Brazil

Earlier Report Observations

Market entry and strategic investments by global companies like Cargill and Croda characterized the early period, with Cargill's product launches and acquisitions enhancing supply chain integration. After a contraction to 3 187 t in 2019, the market volume rebounded to 3 894 t in 2020, as Cargill's commitment to eco-friendly ingredients and Croda's new certification center in Brazil stimulated demand for linseed oil in bio-industrial applications.

Growth persisted into 2021, with market volume reaching 4 053 t, supported by continued investment in sustainable product development. Although volume dipped to 3 821 t in 2022, it recovered to 3 880 t in 2023, driven by massive infrastructure spending exceeding USD 40 billion and a 38% surge in bio-based coating adoption, which increased consumption of polymer-modified linseed oil variants.

Beyond 2023, Brazil sustained its position as a significant exporter of linseed oil fractions, with ongoing trade activity and a focus on sustainability shaping market dynamics, though detailed volume data for later years is not reported.

Production linseed oil and fractions in Brazil

In kind, 2018-2021, t

From 2018 to 2021, Brazil maintained the 20th position globally in terms of linseed oil and fractions production volume.

Top producers of linseed oil and fractions, 2018-2021

World map of production of linseed oil and fractions, 2018-2021

After two consecutive years of decline, Brazil's production of linseed oil and fractions rebounded in 2021. The country produced 2 800 tonnes that year, marking a solid 21.7% increase compared to 2020. Looking at the broader period from 2018 to 2021, production grew by 3.7%, which translates to an annualized growth rate of 1.2%. The lowest production level was recorded in 2020 at 2 300 tonnes, which also saw the largest decline of 11.5% during this timeframe.

Annual dynamics of production in Brazil in kind, 2018-2021, t

Exports linseed oil and fractions from Brazil

Exports in kind, t

Brazil's exports of linseed oil and fractions showed significant fluctuations between 2018 and 2021. The lowest export volume was recorded in 2018, while the peak occurred in 2020, with a 4.1-fold difference between these two years. In 2021, exports dropped sharply to 11 tonnes, representing a dramatic 30.0% decrease from the previous year. The highest export volume was 16 tonnes in 2020, which also saw the largest increase of 184.7% during the period.

Annual dynamics of product's exports from Brazil in kind, 2018-2021, t

From 2018 to 2021, Panama, Uruguay, and Argentina were the top buyers of linseed oil and fractions from Brazil. Panama accounted for 36.9% of exports in kind, Uruguay for 17.0%, and Argentina for 4.6%. Together, these three countries represented 58.6% of Brazil's total exports in this category.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Brazil in kind, 2018-2021

Exports in value, K $ US

Brazil's export values for linseed oil and fractions exhibited irregular changes, reflecting a volatile market environment. The lowest value was recorded in 2019 at 16 000 US dollars, while the peak occurred in 2020 at 70 000 US dollars, representing a 4.3-fold increase. In 2021, exports dropped sharply to 48 000 US dollars, marking a 31.0% decline compared to the previous year. The largest increase was recorded in 2020 at 333.1%.

Annual dynamics of product's exports from Brazil in value, 2018-2021, K $ US

Between 2018 and 2021, Panama, Uruguay, and Argentina were the main markets for Brazil's linseed oil and fractions exports in value terms. Panama accounted for 46.9% of export value, Uruguay for 12.0%, and Argentina for 6.1%. Collectively, these three countries represented 64.9% of Brazil's total export flows in this category.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Brazil in value, 2018-2021

Imports linseed oil and fractions to Brazil

Imports in kind, t

Brazil's imports of linseed oil and fractions were characterized by volatility from 2018 to 2021. The lowest import volume was recorded in 2019 at 593 tonnes, while the peak occurred in 2020 at 1 609 tonnes, representing a 2.7-fold difference. In 2021, imports decreased significantly to 1 264 tonnes, marking a strong 21.4% drop from the previous year. The largest increase was recorded in 2020 at 171.6%.

Annual dynamics of product's imports to Brazil in kind, 2018-2021, t

From 2018 to 2021, Belgium and Germany dominated Brazil's imports of linseed oil and fractions in kind, together accounting for 92.1% of total imports. The remaining imports were distributed across various other markets in smaller amounts.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Brazil in kind, 2018-2021

Imports in value, K $ US

Brazil's import values for linseed oil and fractions showed signs of volatility between 2018 and 2021. The lowest value was recorded in 2019 at 681 000 US dollars, while the peak occurred in 2021 at 2 726 000 US dollars, representing a 4-fold increase. In 2021, imports rose by 13.3% compared to the previous year. The largest decline was recorded in 2019 at 12.9%, while the largest increase occurred in 2020 at 253.2%.

Annual dynamics of product's imports to Brazil in value, 2018-2021, K $ US

Between 2018 and 2021, Belgium and Germany together accounted for 86.3% of Brazil's total import value for linseed oil and fractions. Other countries contributed to the remaining imports, forming a more diversified but less significant portion of the market.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Brazil in value, 2018-2021