What is the price of linseed oil per kilogram/pound in New Zealand today?
The retail price range for New Zealand linseed oil is between US$ 9.60 and US$ 23.41 per kilogram or between US$ 4.36 and US$ 10.62 per pound(lb). Click here to see today's exact prices of linseed oil in New Zealand
The retail price range in New Zealand Dollar for linseed oil is between NZD 15.28 and NZD 37.24 per kilogram or between NZD 6.93 and NZD 16.89 per pound(lb) in Wellington and Auckland.
Wholesale prices
In 2024, the approximate wholesale price range for New Zealand linseed oil is between US$ 6.72 and US$ 16.38 per kilogram or between US$ 3.05 and US$ 7.43 per pound(lb).
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New Zealand Linseed Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Linseed Oil from New Zealand has seen a steady increase over the last five years. In 2017, the price was 7.47 US $ per kg, followed by 6.42 US $ per kg in 2018. In 2019, the price rose to 6.65 US $ per kg and further increased to 8.26 US $ per kg in 2020. The latest data shows that the price of Linseed Oil from New Zealand is 9.12 US $ per kg in 2021. Based on this trend, it is predicted that the price of Linseed Oil from New Zealand will be around 8.50 US $ per kg in 2023 and 8.75 US $ per kg in 2024.The exports of linseed oil from New Zealand 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)
New Zealand Linseed Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Linseed Oil into New Zealand has seen a fluctuating trend over the last five years. In 2017, the price was recorded at 7.47 US$ per kg, which was the highest in the five year period. This was followed by a decrease in the price to 6.42 US$ per kg in 2018. In 2019, the price increased slightly to 6.65 US$ per kg, before dropping to 5.83 US$ per kg in 2022. The latest data shows that the price has increased to 8.26 US$ per kg in 2020. Based on the current trend, it is predicted that the import price per kilogram of Linseed Oil into New Zealand will remain steady in 2023 at 8.26 US$ per kg. In 2024, the price is expected to increase slightly to 9.12 US$ per kg.Export values for New Zealand linseed oil
The total values in export for linseed oil in New Zealand were US$ 1,651, US$ 1,831, US$ 2,376 and US$ 1,841 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in New Zealand: 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.
New Zealand linseed oil - Production, Exports, Imports, Seasons and HS Codes
The quantity of linseed oil exported by New Zealand in 2020 was 144 metric tonnes. In 2019 New Zealand sold 277 tonnes of linseed oil. Across 2019 alone, the demand for New Zealand linseed oil (processed category) has decreased, flactuating by -25.135 pc compared to the year 2018. Between 2017 and 2019, linseed oil's exports grew by 13.06 pc earning the nation US$1.84m for the year 2019. New Zealand's linseed oil exports are categorised as:
- Linseed oil and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151519)
- Crude linseed oil (HS code 151511)
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New Zealand linseed oil export values
In 2019, New Zealand supplied linseed oil with a value of 1.84m USD, a drop of -22.56% from 2018's total linseed oil export of 2.376m USD. The annual change in value of New Zealand linseed oil between 2017 to 2018 was 29.765%.
The yearly variation in the quantity of New Zealand's linseed oil exports between 2017 and 2019 was 13.06% in comparison to a variation of -25.135% in the period between 2018 and 2019.
New Zealand's stake of the world's total linseed oil's exports in 2019 was 21.2 percent. The country is ranked number 2 in world exports of linseed oil.
Export markets for New Zealand linseed oil ( in '000$ )
New Zealand's top destinations for linseed oil are Japan, Switzerland, Australia, United Kingdom (UK) and Vanuatu.
Import/Export Trends
New Zealand is a net exporter of linseed oil. The annual growth of New Zealand linseed oil in value between 2015 to 2019 was -3%, per year, while annual growth in quantity during the same period was -1%, per annum.
New Zealand imported 146 tonnes of linseed oil in 2019.