Linseed oil production in the US is forecasted to decline from 71.81 thousand metric tons in 2024 to 65.2 thousand metric tons in 2028. This represents a consistent downward trend over the five-year period. The year-on-year decrease in production volume indicates a steady decline: -2.36% (2025 vs 2024), -2.38% (2026 vs 2025), -2.39% (2027 vs 2026), and -2.40% (2028 vs 2027). The compound annual growth rate (CAGR) from 2024 to 2028 stands at approximately -2.38%. In 2023, the production stood at 73.56 thousand metric tons, marking a significant departure in the subsequent years.
Future trends to watch for include:
- Potential changes in agricultural policies affecting flaxseed cultivation.
- Technological advancements in extraction or production efficiency.
- Shifting domestic and international demand for linseed oil.
- Environmental factors influencing flaxseed crop yields.
