What is the price of linseed oil per kilogram/pound in Gambia today?
The retail price range for Gambia linseed oil is between US$ 13.45 and US$ 18.25 per kilogram or between US$ 6.10 and US$ 8.28 per pound(lb). Click here to see today's exact prices of linseed oil in Gambia
The retail price range in Gambian dalasi for linseed oil is between GMD 790.92 and GMD 1,073.39 per kilogram or between GMD 358.69 and GMD 486.80 per pound(lb) in Banjul and Bakau.
Wholesale prices
In 2024, the approximate wholesale price range for Gambia linseed oil is between US$ 9.41 and US$ 12.77 per kilogram or between US$ 4.27 and US$ 5.79 per pound(lb).
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Gambia Linseed Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Linseed Oil from Gambia over the last five years has been quite volatile. In 2016, the price was at its highest at 63.06 US dollars per kg, before dropping to 0.78 US dollars per kg in 2017. Since then, the price has been steadily decreasing, with the lowest price of 0.35 US dollars per kg in both 2020 and 2021. Looking ahead, it is likely that the price of Linseed Oil from Gambia will remain around 0.35 US dollars per kg in 2023 and 2024.The exports of linseed oil from the Gambia 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)
Gambia Linseed Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Linseed Oil into Gambia over the last five years has been quite varied. In 2016, the price was a staggering 63.06 US dollars per kg, before dropping to 0.78 US dollars per kg in 2017. The price then continued to decline, reaching 0.35 US dollars per kg in 2018 and 0.44 US dollars per kg in 2019. In 2020, the price dropped slightly to 0.35 US dollars per kg, before stabilizing at 0.34 US dollars per kg in 2021. Based on this trend, it is likely that the import price per kilogram of Linseed Oil into Gambia will remain at 0.34 US dollars per kg in 2023 and 2024.Export values for Gambia linseed oil
The total values in export for linseed oil in the Gambia were US$ 5,865, US$ 7, US$ 7 and US$ 1,253 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Gambia: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of linseed oil in other countries across Africa: Algeria linseed oil, Angola linseed oil, Botswana linseed oil, Burundi linseed oil, Cameroon linseed oil, Cape Verde linseed oil, Central African Republic linseed oil, Comoros linseed oil, DRC Congo linseed oil & Benin linseed oil.
Gambia linseed oil - Production, Exports, Imports, Seasons and HS Codes
In 2019 The Gambia exported 2,831 tonnes of linseed oil. For 2019 alone, the market for the Gambia linseed oil (processed category) has gone up, flactuating by 35287.5 % compared to the year 2018. Between 2017 and 2019, linseed oil's exports increased by 31355.56% netting the country US$1.25m for the year 2019. the Gambia's linseed oil exports are categorised as:
- Linseed oil and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151519)
- Crude linseed oil (HS code 151511)
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Gambia linseed oil export values
In 2019, the Gambia exported linseed oil with a value of 1.25m USD, an increment of 17,757.14% from 2018's total linseed oil export of 0.007m USD. The yearly increase in value of the Gambia linseed oil between 2017 to 2018 was 0%.
The yearly change in the quantity of the Gambia's linseed oil exports between 2017 and 2019 was 31355.56 pc when compared to a variation of 35287.5% in the growth rate between 2018 and 2019.
Export markets for Gambia linseed oil ( in '000$ )
the Gambia's best performing export markets for linseed oil are Guinea-Bissau, Guinea, Georgia, Sierra Leone and Senegal.
the Gambia procured 64,563 tonnes of linseed oil in 2019.