Russia holds the world leadership in the production and export of oil flax

Published Mar 27, 2023

Tridge summary

In 2022, China and Türkiye significantly increased their purchases of oilseed flax and linseed oil from Russia, accounting for over half and about 42% of all deliveries respectively. Other leading importers include Belgium, Latvia, Poland, Lithuania, Belgium, and Norway. Russia's oil flax production has been steadily growing, reaching a global harvest of about 3.3 million tons in 2021, the highest in the world. The Oil and Fat Union anticipates a 15% increase in oilseed flax production and a 1.5 times increase in processing volumes in 2023, potentially leading to a significant increase in oil exports.

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Original content

The largest buyer of oilseed flax is China - last year it accounted for more than half of the volume of deliveries from Russia, increasing purchases by 49% in money terms. Türkiye increased purchases by 44%. Also among the leading importers are the traditional buyers of Russian flax - Belgium, Latvia and Poland. China is also the leader among the buyers of Russian linseed oil - it accounts for about 42% of all deliveries. Last year, exports to China grew by 3.7% in physical terms and by 15% in monetary terms. Türkiye significantly increased imports - plus 64% and plus 91%, respectively. In addition to China and Turkey, the top 5 importers of Russian linseed oil included Lithuania, Belgium and Norway. In total, during the past year, linseed oil from Russia was supplied to 42, and oilseed flax - to 40 countries. In recent years, oil flax production in Russia has been growing steadily - in 2022, the growth was 63%, explains Mikhail Maltsev, executive director of the Oil and Fat ...

Source: RG