Export of Russian oil flax to China increased by 1.5 times

Published 2023년 3월 27일

Tridge summary

In 2022, Russia saw a significant increase in oil flax and linseed oil exports to China, with a 49% rise in value for oil flax making China the leading buyer of this product. Russia has become the top exporter of oilseed flax, surpassing Canada and Kazakhstan, and is also the main supplier of technical linseed oil to China, despite being in the 10th position for other types of linseed oil exports. Overall, Russian linseed oil was exported to 42 countries, and oilseed flax to 40, with expectations for production and processing volumes to increase in 2023, potentially leading to a several-fold increase in oil exports.

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

Original content

According to the Agroexport center, in 2022, the volume of supplies of Russian oil flax to China increased by 49% (in value terms), and now more than half of the total volume goes there. In addition, China is also 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 linseed oil were shipped to China. If earlier Chinese importers bought flax in Canada, now they are reorienting to Russia. Today, Russia occupies the 1st place among the exporters of oilseed flax, seriously ahead of Canada and Kazakhstan. However, in terms of exports of crude linseed oil, Russia is still in 2nd place, and in terms of other linseed oil, including technical oil, it is in 10th position. In total, during the past year, linseed oil from Russia was supplied to 42 countries, and oilseed flax - to 40 countries. According to the forecast of the Oil and ...

Source: Chinalogist