What is the price of linseed oil per kilogram/pound in Australia today?
The retail price range for Australia linseed oil is between US$ 6.93 and US$ 16.82 per kilogram or between US$ 3.14 and US$ 7.63 per pound(lb). Click here to see today's exact prices of linseed oil in Australia
The retail price range in Australian Dollar for linseed oil is between AUD 10.42 and AUD 25.30 per kilogram or between AUD 4.72 and AUD 11.47 per pound(lb) in Canberra and Melbourne.
Wholesale prices
In 2024, the approximate wholesale price range for Australia linseed oil is between US$ 4.85 and US$ 11.77 per kilogram or between US$ 2.20 and US$ 5.34 per pound(lb).
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Australia Linseed Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Linseed Oil from Australia over the last five years has been quite varied. In 2017, the price was 2.18 US dollars per kg, followed by a sharp drop to 1.12 US dollars per kg in 2018. In 2019, the price rose to 1.42 US dollars per kg, before increasing significantly to 6.13 US dollars per kg in 2020. The highest price was recorded in 2021, at 13.43 US dollars per kg, before dropping to 1.76 US dollars per kg in 2022. Based on this data, it is predicted that the export price per kilogram of Linseed Oil from Australia in 2023 will be around 2.00 US dollars per kg, and in 2024 it will be around 1.90 US dollars per kg.The Australia linseed oil exports are categorised as:
- Linseed oil and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151519)
- Crude linseed oil (HS code 151511)
Australia Linseed Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Linseed Oil into Australia over the last five years has been quite varied. In 2017, the price was 2.18 US dollars per kg, followed by a significant drop to 1.12 US dollars per kg in 2018. In 2019, the price rose to 1.42 US dollars per kg, before increasing sharply to 6.13 US dollars per kg in 2020. The price then rose to its highest point of 13.43 US dollars per kg in 2021. The most recent data shows that the price has dropped to 1.76 US dollars per kg in 2022. Based on the data, it is likely that the price of Linseed Oil will remain relatively stable in the next two years. We predict that the price will be around 1.76 US dollars per kg in 2023 and 1.80 US dollars per kg in 2024.Export values for Australia linseed oil
The total values in export for linseed oil in Australia were US$ 2,948, US$ 2,498, US$ 9,743 and US$ 1,791 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Australia: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of linseed oil in other countries across Oceania: Fiji linseed oil, French Polynesia linseed oil, Guam linseed oil, Micronesia linseed oil, New Caledonia linseed oil, Papua New Guinea linseed oil, Samoa linseed oil, Solomon Islands linseed oil, Tonga linseed oil & Vanuatu linseed oil.
Australia linseed oil - Production, Exports, Imports, Seasons and HS Codes
The amount of linseed oil exported by Australia in 2020 was 23 tonnes. In 2019 Australia exported 1,257 tonnes of linseed oil. For the year 2019 alone, the market for Australia linseed oil (processed category) has decreased, changing by -85.49 % compared to the year 2018. Between 2017 and 2019, linseed oil's exports increased by 9.59 pc netting the exporter US$1.79m for the year 2019. Australia's linseed oil exports are classified as:
- Linseed oil and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151519)
- Crude linseed oil (HS code 151511)
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Australia linseed oil export values
In 2019, Australia sold linseed oil worth 1.79m USD, a decrease of -81.63% from 2018's total linseed oil export of 9.743m USD. The yearly reduction in value of Australia linseed oil between 2017 to 2018 was 290.032%.
The yearly variation in the amount of Australia's linseed oil exports between 2017 and 2019 was 9.59 per cent compared to a variation of -85.49% in the period between 2018 and 2019.
Australia's portion of the world's total linseed oil's exports in 2019 was 57.6 per cent. Australia is ranked position 1 in world exports of linseed oil.
Export markets for Australia linseed oil ( in '000$ )
Australia's leading destinations for linseed oil are South Africa, Germany, Qatar, US and Mongolia.
Import/Export Trends
Australia is a net exporter of linseed oil. The annual growth of Australia linseed oil in value between 2015 to 2019 was 1%, per annum, while annual growth in quantity for the same period was 4%, per annum.
Australia ordered 1,189 tonnes of linseed oil in 2019.