Russia continues to increase exports of flax and linseed oil

Published Mar 30, 2023

Tridge summary

Russia has seen a significant increase in the production and export of flax seeds and linseed oil in 2022, with the physical volume of oilseed flax supplies rising by 46% and export earnings by 33%. The largest buyers of oil flax and linseed oil were China and Türkiye, followed by Belgium, Latvia, Poland, Lithuania, Belgium, and Norway. Russia's domestic oilseed flax production has also increased, leading to a growth in exports. The Oil and Fat Union of Russia anticipates a continued growth in oilseed flax production and processing in 2023, which is expected to result in a several-fold increase in the volume of oil exports.

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Original content

In recent years, Russia has been increasing the production and export of flax seeds and linseed oil. In 2022, the physical volume of supplies of oilseed flax increased by 46%, export earnings - by 33%. Linseed oil shipments showed growth of 31% and 36%, respectively. The largest buyer of oil flax is China, which accounted for more than half of the volume of deliveries from Russia last year. Over the year, the value of exports to China increased by 49%. In addition, Türkiye increased purchases by 44%. Also, among the leading importers, the traditional buyers of Russian flax - Belgium, Latvia and Poland - have retained their places. China is also the leader among the 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. Türkiye significantly increased imports - +64% and +91%, respectively. In addition to China and Turkey, ...

Source: Oilworld