What is the price of linseed (flax) per kilogram/pound in New Zealand today?
The retail price range for New Zealand linseed (flax) is between US$ 4.14 and US$ 5.32 per kilogram or between US$ 1.88 and US$ 2.41 per pound(lb). Click here to see today's exact prices of linseed (flax) in New Zealand
The retail price range in New Zealand Dollar for linseed (flax) is between NZD 6.59 and NZD 8.47 per kilogram or between NZD 2.99 and NZD 3.84 per pound(lb) in Wellington and Auckland.
Wholesale prices
In 2024, the approximate wholesale price range for New Zealand linseed (flax) is between US$ 2.90 and US$ 3.73 per kilogram or between US$ 1.31 and US$ 1.69 per pound(lb).
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New Zealand Linseed (flax) Export Prices - Historical, Trends and Prediction
The export price per kilogram of Linseed (Flax) from New Zealand has seen a steady increase over the last five years. In 2017, the price was 0.87 US $ per kg, while in 2021 it was 1.51 US $ per kg. The highest price was recorded in 2018 at 1.50 US $ per kg. The most recent price in 2022 was 1.37 US $ per kg. Based on the data, it is predicted that the export price per kilogram of Linseed (Flax) from New Zealand will be 1.54 US $ per kg in 2023 and 1.58 US $ per kg in 2024.The exports of linseed (flax) from New Zealand are categorised as:
- Linseed, whether or not broken (HS code 120400)
New Zealand Linseed (flax) Import Prices - Historical, Trends and Prediction
The import price of Linseed (Flax) into New Zealand has been relatively stable over the last five years. In 2016, the price per kilogram was $1.22, which was the highest of the five-year period. This was followed by a decrease in 2017 to $0.87, before increasing again in 2018 to $1.50. The price then decreased slightly in 2019 to $1.15, before increasing again in 2020 to $1.46. The most recent data shows that the price per kilogram in 2021 was $1.51. Based on the data, it is likely that the price of Linseed (Flax) into New Zealand will remain relatively stable in the next two years. We predict that the price per kilogram in 2023 will be around $1.37, and in 2024 it will be around $1.37.Export values for New Zealand linseed (flax)
The total values in export for linseed (flax) in New Zealand were US$ 724, US$ 814, US$ 885 and US$ 566 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Oil Seeds category in New Zealand: Rapeseeds (Canola), Sunflower Seeds, Cotton Seeds, Castor (Ricinus) Seeds, Sesame Seeds, Mustard Seeds, Safflower, Melon Seeds, Poppy Seeds & Shea Nuts.
See prices of linseed (flax) in other countries across Oceania: Fiji linseed (flax), French Polynesia linseed (flax), Guam linseed (flax), Micronesia linseed (flax), New Caledonia linseed (flax), Papua New Guinea linseed (flax), Samoa linseed (flax), Solomon Islands linseed (flax), Tonga linseed (flax) & Vanuatu linseed (flax).
New Zealand linseed (flax) - Production, Exports, Imports, Seasons and HS Codes
The quantity of linseed (flax) exported by New Zealand in 2020 was 705 metric tons. In 2019 New Zealand exported 491 tonnes of linseed (flax). For 2019 alone, the demand for New Zealand linseed (flax) (oil seeds category) has shrunk, changing by -16.92 percent compared to the year 2018. Between 2017 and 2019, linseed (flax)'s exports went down by -47.37% netting New Zealand US$0.57m for the year 2019. New Zealand's linseed (flax) exports are classified as:
- Linseed, whether or not broken (HS code 120400)
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New Zealand linseed (flax) export values
In 2019, New Zealand exported linseed (flax) valued at 0.57m USD, a drop of -35.59% from 2018's total linseed (flax) export of 0.885m USD. The annual reduction in value of New Zealand linseed (flax) between 2017 to 2018 was 8.722%.
The per year variation in the quantity of New Zealand's linseed (flax) exports between 2017 and 2019 was -47.37 pc in comparison to a variation of -16.92% in the period between 2018 and 2019.
New Zealand's share of the world's total linseed (flax)'s exports in 2019 was less than 1%. The country is ranked position 13 in world exports of linseed (flax).
Export markets for New Zealand linseed (flax) ( in '000$ )
New Zealand's top export markets for linseed (flax) are France, Japan, South Africa, Germany and Czech Republic.
Import/Export Trends
New Zealand is a net exporter of linseed (flax). The annual growth of New Zealand linseed (flax) in value between 2015 to 2019 was -14%, per annum, while annual growth in quantity during the same period was -14%, per annum.
New Zealand bought 367 tonnes of linseed (flax) in 2019.
Production
The production of linseed (flax) in New Zealand was 2,519 tonnes in 2019 and is projected to change by an average of 1.98%. The country had an estimated 1,910.00 hectares under linseed (flax) cultivation.