Earlier Report Observations
The Jamaican market for linseed oil and fractions showed considerable volatility from 2018 to 2023. After reaching a peak of 35 011 kg in 2019, total market volume entered a prolonged decline, falling to 16 474 kg by 2023. This represented a reduction of more than half compared to the high point in 2019.
The market contraction was largely attributable to a dramatic collapse in imports, which plummeted from 23 921 kg in 2019 to merely 1 074 kg in 2023. Domestic production followed a different path, increasing from 9 370 kg in 2018 to a high of 19 910 kg in 2021 before moderating to 15 400 kg in 2023.
By 2022 and 2023, the market appeared to stabilize at a lower level of around 17 000 kg. Recent import data for 2024 indicates a significant rebound to 12 439 kg, which may signal a change in market dynamics, though complete market size data for the latest year is not yet available.
Table of content
- 1. Disclaimer
- 2. Terms of use of the report
- 3. Product codes in the statistical classifications used in the report
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4. Key Market Indicators and Trends
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4.1. Key Market Indicators
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4.1.1. In kind
- 4.1.1.1. Production, 2018-2023
- 4.1.1.2. Imports, 2018-2024
- 4.1.1.3. Exports, 2018-2024
- 4.1.1.4. Market size, 2018-2023
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4.1.1. In kind
- 4.2. Market Trends and Factors
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4.1. Key Market Indicators
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5. Production
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5.1. Production in Jamaica
- 5.1.1. Annual dynamics of production in Jamaica in kind, 2018-2023, kg
- 5.1.2. Annual dynamics of production in Jamaica in value, 2018-2023, $ US
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5.2. Global production by Country, 2018-2023
- 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, kg
- 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
- 5.2.3. Annual dynamics of production by country in kind, 2018-2023, kg
- 5.2.4. Structure of production by countries in kind, 2018-2023
- 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
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5.1. Production in Jamaica
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6. Imports
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6.1. Imports (Direct Data*)
- 6.1.1. Imports - Total information
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6.1.2. Imports in kind, kg
- 6.1.2.1. Annual dynamics of product's imports to Jamaica in kind, 2018-2024, kg
- 6.1.2.2. Dynamics of product's imports in kind to Jamaica by countries, 2018-2024, kg
- 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
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6.1.3. Imports in value, $ US
- 6.1.3.1. Annual dynamics of product's imports to Jamaica in value, 2018-2024, $ US
- 6.1.3.2. Dynamics of product's imports in value to Jamaica by countries, 2018-2024, $ US
- 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
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6.1.4. Average price of product's imports, $ US/t
- 6.1.4.1. Annual dynamics of average price of product's imports to Jamaica, 2018-2024, $ US/t
- 6.1.4.2. Dynamics of average price of product's imports to Jamaica by countries, 2018-2024, $ US/t
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6.2. Imports (Mirror Data)
- 6.2.1. Imports - Total information
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6.2.2. Imports in kind, kg
- 6.2.2.1. Annual dynamics of product's imports to Jamaica in kind, 2018-2024, kg
- 6.2.2.2. Dynamics of product's imports in kind to Jamaica by countries, 2018-2024, kg
- 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
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6.2.3. Imports in value, $ US
- 6.2.3.1. Annual dynamics of product's imports to Jamaica in value, 2018-2024, $ US
- 6.2.3.2. Dynamics of product's imports in value to Jamaica by countries, 2018-2024, $ US
- 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
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6.2.4. Average price of product's imports, $ US/t
- 6.2.4.1. Annual dynamics of average price of product's imports to Jamaica, 2018-2024, $ US/t
- 6.2.4.2. Dynamics of average price of product's imports to Jamaica by countries, 2018-2024, $ US/t
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6.1. Imports (Direct Data*)
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7. Exports
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7.1. Exports (Direct Data*)
- 7.1.1. Exports - Total information
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7.1.2. Exports in kind, kg
- 7.1.2.1. Annual dynamics of product's exports from Jamaica in kind, 2018-2024, kg
- 7.1.2.2. Dynamics of product's exports in kind from Jamaica by countries, 2018-2024, kg
- 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
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7.1.3. Exports in value, $ US
- 7.1.3.1. Annual dynamics of product's exports from Jamaica in value, 2018-2024, $ US
- 7.1.3.2. Dynamics of product's exports in value from Jamaica by countries, 2018-2024, $ US
- 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
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7.1.4. Average price of product's exports, $ US/t
- 7.1.4.1. Annual dynamics of average price of product's exports from Jamaica, 2018-2024, $ US/t
- 7.1.4.2. Dynamics of average price of product's exports from Jamaica by countries, 2018-2024, $ US/t
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7.2. Exports (Mirror Data)
- 7.2.1. Exports - Total information
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7.2.2. Exports in kind, kg
- 7.2.2.1. Annual dynamics of product's exports from Jamaica in kind, 2018-2024, kg
- 7.2.2.2. Dynamics of product's exports in kind from Jamaica by countries, 2018-2024, kg
- 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
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7.2.3. Exports in value, $ US
- 7.2.3.1. Annual dynamics of product's exports from Jamaica in value, 2018-2024, $ US
- 7.2.3.2. Dynamics of product's exports in value from Jamaica by countries, 2018-2024, $ US
- 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
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7.2.4. Average price of product's exports, $ US/t
- 7.2.4.1. Annual dynamics of average price of product's exports from Jamaica, 2018-2024, $ US/t
- 7.2.4.2. Dynamics of average price of product's exports from Jamaica by countries, 2018-2024, $ US/t
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7.1. Exports (Direct Data*)
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8. Trade balance
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8.1. Trade balance (Direct Data)
- 8.1.1. In kind, kg
- 8.1.2. In value, $ US
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8.2. Trade balance (Mirror Data)
- 8.2.1. In kind, kg
- 8.2.2. In value, $ US
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8.1. Trade balance (Direct Data)
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9. Top buying and selling countries, 2018-2024
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9.1. Direct Data
- 9.1.1. Import in Value by Countries-buyers
- 9.1.2. Export in Value by Countries-suppliers
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9.2. Mirror Data
- 9.2.1. Import in Value by Countries-buyers
- 9.2.2. Export in Value by Countries-suppliers
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9.1. Direct Data
Production linseed oil and fractions in Jamaica
In kind, 2017-2020, kg
Top producers of linseed oil and fractions, 2017-2020
World map of production of linseed oil and fractions, 2017-2020
Jamaica's production of linseed oil and fractions has grown for the third year in a row. In 2020, the country produced 15 930 kg, marking a sharp 43.6% increase from 2019. Looking at the period from 2017 to 2020, production surged by 232.6%, with an average annual growth rate of 49.3%.
Annual dynamics of production in Jamaica in kind, 2017-2020, kg
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 95.6% | 18.4% | 43.6% | 49.3% |
Exports linseed oil and fractions from Jamaica
According to industry reports, Jamaica did not export any linseed oil and fractions between 2017 and 2020.
Imports linseed oil and fractions to Jamaica
Imports in kind, kg
The market for linseed oil and fractions imports into Jamaica showed significant fluctuations during this period. Imports hit their lowest point in 2017, then peaked in 2019, with a sixfold difference between these years. In 2020, deliveries reached 15 050 kg, down 37.1% from 2019. The highest volume was recorded in 2019 at 23 921 kg, while the largest year-on-year increase occurred in 2018 at 469.0%.
Annual dynamics of product's imports to Jamaica in kind, 2017-2020, kg
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 469.0% | 5.8% | (37.1%) | 55.9% |
From 2017 to 2020, the United States and Malaysia were the main sources of linseed oil and fractions imports to Jamaica, together making up 99.0% of total imports by volume.
Structure of product's imports in kind by countries, 2017-2020
World map of product's imports to Jamaica in kind, 2017-2020
Imports in value, $ US
The value of linseed oil and fractions imports into Jamaica followed an unstable trend. Imports reached their lowest point in 2020 and peaked in 2018, with a 5.7-fold gap between these years. In 2020, the import value was recorded at 4 012 US dollars, a steep 61.5% drop from the previous year. The highest value was in 2018 at 23 003 US dollars, with the largest year-on-year increase also in 2018 at 409.0%.
Annual dynamics of product's imports to Jamaica in value, 2017-2020, $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 409.0% | (54.7%) | (61.5%) | (3.9%) |
Between 2017 and 2020, the United States was the leading market for linseed oil and fractions imports to Jamaica in value terms, accounting for 74.3% of total imports. Other destinations contributed a smaller share.
Structure of product's imports in value by countries, 2017-2020
World map of product's imports to Jamaica in value, 2017-2020
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