Flax oil is one of the most beneficial for the human body.
Regular consumption of this product helps to reduce the level of “bad” cholesterol, which, as you know, is one of the main factors affecting the occurrence of heart and vascular diseases. This oil is included in the diet for vitamin E, which is a powerful natural antioxidant that helps slow down the aging process. In addition, the beneficial fatty acids of flaxseed oil help to normalize the functioning of the nervous system, and it is easier for women to survive periods of PMS, when the hormonal work of the body is being rebuilt. The production of this product in the world continues to grow every year, since flax is one of the most important plants that humans use.
How profitable is it to produce first cold-pressed flax oil at the moment?
Linseed oil production
To understand in what quantities crude unrefined flaxseed oil is produced, let’s turn to statistics.
Experts from Oil World (Germany) note that in recent years Kazakhstan has become the leader in the market for the production of this product, displacing Canada and China, which were previously the first in the top producers of flaxseed oil. In addition, the TOP-5 manufacturers of flaxseed oil also include Ukraine and Russia.
According to forecasts, in 2020 the world will produce up to 2.95 million tons of flax oil, which is 11% more than a year earlier. This indicates an increase in demand for this product, and hence an increase in the profitability of its production.
When it comes to the production of flaxseed oil, it is very important to take into account the region where the raw material is grown. In particular, Canada and China have somewhat yielded their positions due to the fact that in these countries the yield is strongly affected by drought and a decrease in planted areas. This makes it possible for other countries on the list, including Ukraine, to occupy this niche, and to provide EU countries and other world states with this product.
To export this product to other countries, local manufacturers must know all the legal trade features that they will have to face when processing documents for the export of goods. You can familiarize yourself with these rules on the website of the Customs Union, as well as on the websites of the relevant ministries of specific countries where it is planned to supply linseed oil.
Flaxseed oil consumption in the world
Despite the increased production of this product, consumer interest in flaxseed oil continues to grow. Therefore, we can talk about high demand for this type of oil, especially in the EU countries. So, most often, oil is purchased in Belgium, China and Germany, and in the world, India and Turkey are especially interested in this product. At the moment, the export of flaxseed oil around the world is estimated at $ 235 million, and the consumption volume is up to 5 million tons. Due to this, the demand for this product will traditionally remain high, which will give producers the opportunity to continue growing this crop. At the same time, other countries often buy not only the finished product, but also flax seeds in order to use them in the future both for oil production and for the production of fuel and cake. That is why flax makes sense for cultivation in our territory.