Export guide: Flax in China

Published 2021년 6월 21일

Tridge summary

Consumer demand for healthy diets and omega-3 fatty acids in China is driving growth in the country's oilseed flax market. Currently, less than half of China's flax supply is domestically sourced, with the rest being imported, primarily from Russia. China's flax imports are projected to rise to 500,000 tonnes in 2024. A new export guide, developed by Agroexport, the World Bank, and industry experts, is available to assist Russian exporters in tapping into the Chinese flax market. The guide provides market insights, customs procedures, logistics details, and contact information for potential partners.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Growing consumer interest in healthy diets and omega-3 fatty acids is driving demand for oilseed flax in China. Less than half of the volume of oilseed flax in China comes from domestic production, the rest is imported from abroad. According to the results of 2020, China imported 373 thousand tons of oil flax in the amount of $ 171 million. China's flaxseed imports are expected to increase in the medium term, reaching about 500,000 tonnes in 2024. Russia began wholesale shipments of flax seeds to the Middle Kingdom in 2016, and as of 2020 was one of the leaders among suppliers with a share of 27% in physical terms and 25% in value terms. “Russia is in the top 3 world exporters of oil flax, competing with Canada and Kazakhstan. At the same time, the proximity of the Chinese market gives logistical advantages to Russian companies, primarily exporters from the Siberian Federal District. Although consumption of flax and linseed oil is increasing, it is still a niche product. An ...

Source: Aemcx