Export of linseed oil from Russia to China in 2022 increased by 3.7%

Published Mar 27, 2023

Tridge summary

In 2022, Russia saw a growth in linseed oil exports to China and Turkey by 3.7% and 64%, respectively, making China the leader in buying Russian linseed oil with a 42% share. Besides China and Turkey, Lithuania, Belgium, and Norway were among the top importers. Russia's leadership in oil flax exports, with China as the largest buyer, experienced growth of 49% in value. The Oil and Fat Union forecasts a 15% increase in oilseed flax production and a 1.5 times increase in processing volumes in 2023.

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Original content

The volume of supplies of linseed oil from Russia to China in 2022 increased by 3.7% compared to the figure for 2021 and amounted to 15 thousand tons. This is stated in the message of the federal center "Agroexport". "China is the leader among buyers of Russian linseed oil with a share of about 42%. At the end of 2022, more than 15 thousand tons of the product were shipped to China, which is 3.7% more than in 2021, while exports added 15% in monetary terms" , the message notes. According to Agroexport, Turkey also increased imports of these products from Russia, deliveries to which grew by 64% in physical terms and by 91% in monetary terms. In addition to China and Turkey, the top 5 importers of Russian linseed oil included Lithuania, Belgium and Norway. In total, over the past year, linseed oil from Russia was supplied to 42 countries, and oilseed flax to 40. Experts also reported that in 2022 the physical volume of oilseed flax supplies from Russia for export increased by 46%, ...

Source: Kvedomosti