HS Code:
Flaxseed, also known as linseed (HS Code: 1204.00), whether or not broken, is a versatile agricultural product primarily cultivated for its seeds, which are used for oil extraction, food products, and industrial applications. Flaxseed is rich in omega-3 fatty acids, making it a popular health food ingredient, while linseed oil is widely used in paints, varnishes, and other industrial products. The global trade of flaxseed is influenced by demand in food, feed, and industrial sectors, with significant production in temperate climates.
Total Trade Volume
2.5 million metric tons
Data from 2022
Source
International Trade Centre (ITC) Trade Map, UN Comtrade Database
1.2 million metric tons
48% of global exports of total trade
Increasing
0.5 million metric tons
20% of global exports of total trade
Increasing
0.3 million metric tons
12% of global exports of total trade
Stable
0.2 million metric tons
8% of global exports of total trade
Decreasing
0.1 million metric tons
4% of global exports of total trade
Stable
Average Rate
5.2% ad valorem
Highest Rate
15% (applied by certain South Asian countries)
Lowest Rate
0% (under free trade agreements like EU-Canada CETA)
Rising demand for organic and non-GMO flaxseed
Increased market share for certified organic producers, particularly in North America and Europe
2021-2022
Growth in plant-based food products
Higher consumption of flaxseed as a vegan source of omega-3s and dietary fiber
2020-2022
Fluctuating prices due to weather conditions
Price volatility affecting trade volumes, especially for major exporters like Canada and Russia
2022
Under the Comprehensive Economic and Trade Agreement (CETA), Canadian flaxseed exports to the EU have increased due to zero-tariff access.
September 2022
Strengthened market position for Canadian exporters in Europe
Government incentives in Russia have led to expanded cultivation areas for flaxseed, targeting export markets in Asia.
March 2023
Increased competition for traditional exporters like Canada
China introduced stricter import controls on flaxseed to prevent pest contamination, affecting exporters without compliant certifications.
January 2023
Temporary decline in exports to China; increased compliance costs for exporters