Product intelligence · HS 120400 · 2024 data

Oil seeds: linseed, whether or not broken

Global exports of oil seeds: linseed, whether or not broken totalled $1,172,807,047 in 2024, a -14.1% change from the previous year. Traded by 126 countries across 1,787 bilateral corridors, with demand from 187 importing markets. The long-term trend is stable.

Data: OECD BIMTS · Coverage: 19952024 · Updated: 2026-07-17

Global trade

$1.2B

-14.1% YoY

3Y / 5Y CAGR

-2.6%

5Y: +6.5%

Supply structure

Moderately concentrated

HHI 0.199

Volatility

Low

Score 10/100

1.

Market movement

In 2024, oil seeds: linseed, whether or not broken trade exhibited significant decline, with global flows reaching $1,172,807,047 and a three-year compound annual growth rate of -2.6% (five-year: +6.5%). The all-time peak of $1,504,052,155 was recorded in 2022; the current level is 22% below that high-water mark.

Over the 30-year observation window (19952024), 69% of years recorded positive growth, indicating a predominantly expanding market. Trend momentum is decelerating (-4.3% acceleration).

The World Trade Flows Characterization classifies oil seeds: linseed, whether or not broken as "One-way trade" in the medium price range price segment, providing additional context for market positioning and competitive dynamics.

2.

Supply & demand structure

The supply side is moderately concentrated (Herfindahl-Hirschman Index 0.199). The three largest exporters — Russia ($441.7M), Kazakhstan ($212.8M), and Canada ($153.4M) — collectively dominate supply flows. The leading exporter has grown at +2.4% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.145). The three largest import markets are China ($318.7M), Belgium ($251.2M), and Germany ($112.5M). The largest importing market sources from 11 different supplying countries.

Estimated substitution elasticity: -9.73. Buyers are highly price-sensitive and can switch between suppliers relatively easily.

The dominant trade corridor is Russia → China at $228.0M, representing 71.5% of the importer's total demand.

3.

Risk profile & trade outlook

The volatility score for oil seeds: linseed, whether or not broken is 10 out of 100, classified as low. Trade flows are relatively stable compared to other HS6 products, suggesting mature supply chains and predictable demand.

For market entrants, contracting demand signals caution before committing resources. A moderately concentrated market rewards differentiated positioning and strategic partner selection.

Data confidence is rated "High" based on reporting coverage and consistency across OECD member and partner countries.

Historical evidence

Annual trade value 19952024

Peak: $1,504,052,155 in 2022. Currently 22% below peak.

YearGlobal trade (USD)YoY growth
2015$856,615,750-13.2%
2016$862,326,905+0.7%
2017$819,965,603-4.9%
2018$811,989,164-1.0%
2019$856,517,141+5.5%
2020$937,645,734+9.5%
2021$1,269,102,742+35.3%
2022$1,504,052,155+18.5%
2023$1,365,603,553-9.2%
2024$1,172,807,047-14.1%

Top exporting countries

Ranked by export value of oil seeds: linseed, whether or not broken in 2024.

View all 126 exporters →

Top importing markets

Largest import destinations for oil seeds: linseed, whether or not broken.

View all 187 markets →

Leading trade corridors

Largest bilateral export flows for oil seeds: linseed, whether or not broken, ranked by value. Click any country to view its full profile.

#ExporterImporterValue 20243Y CAGR
1RussiaChina$228.0M+11.6%
2RussiaBelgium$124.6M-1.3%
3CanadaUnited States$81.6M-7.8%
4KazakhstanChina$68.6M+29.1%
5KazakhstanBelgium$54.3M-11.6%
6RussiaPoland$39.2M+34.6%
7BelgiumNetherlands$32.6M+12.3%
8PolandGermany$29.6M+4.5%

Showing top 8 of 10 corridors with available data for 2024.

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Sources, definitions & methodology

Data source

OECD Bilateral International Merchandise Trade Statistics (BIMTS). Aggregated from 312M+ reported trade records across 200+ countries and 5,300+ HS6 product codes. Coverage: 19952024.

Key indicators

HHI (Herfindahl-Hirschman Index): market concentration, 0 = fully diversified, 1 = single player. CAGR: compound annual growth rate over a stated period. Volatility score: trade value variability, 0–100 scale.

How this page is made

All statistical content on this page is data-driven, composed programmatically from live OECD trade records. No generic AI-generated prose is used. Analytical paragraphs combine real data points with factual interpretation. This page was last refreshed on 2026-07-17.