Austria: Linseed Market Overview 2020

Linseed Market Size in Austria

The revenue of the linseed market in Austria amounted to $X in 2018, increasing by X% against the previous year. Overall, linseed consumption, however, continues to indicate resilient growth. The most prominent rate of growth was recorded in 2012 with an increase of X% y-o-y. Linseed consumption peaked at $X in 2014; however, from 2015 to 2018, consumption stood at a somewhat lower figure.

Linseed Production in Austria

In value terms, linseed production stood at $X in 2018 estimated in export prices. In general, linseed production continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Linseed production peaked in 2018 and is likely to see steady growth in the near future.

Average yield of linseed in Austria totaled X tonne per ha in 2018, therefore, remained relatively stable against the previous year. In general, the linseed yield continues to indicate a slight slump. The most prominent rate of growth was recorded in 2014 when yield increased by X% against the previous year. Over the period under review, the average linseed yield reached its peak figure level at X tonne per ha in 2011; however, from 2012 to 2018, yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, the harvested area of linseed in Austria totaled X ha, going down by -X% against the previous year. In general, the linseed harvested area continues to indicate a temperate decline. The pace of growth was the most pronounced in 2014 when harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to linseed production attained its maximum at X ha in 2007; however, from 2008 to 2018, harvested area remained at a lower figure.

Linseed Exports

Exports from Austria

In 2018, approx. X tonnes of linseed were exported from Austria; dropping by -X% against the previous year. In general, linseed exports continue to indicate a significant contraction. The most prominent rate of growth was recorded in 2009 with an increase of X% year-to-year. In that year, linseed exports reached their peak of X tonnes. From 2010 to 2018, the growth of linseed exports remained at a lower figure.

In value terms, linseed exports totaled $X in 2018. Overall, linseed exports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2009 when exports increased by X% y-o-y. Exports peaked in 2018 and are expected to retain its growth in the immediate term.

Exports by Country

Germany (X tonnes) was the main destination for linseed exports from Austria, accounting for a X% share of total exports. Moreover, linseed exports to Germany exceeded the volume sent to the second major destination, Denmark (X tonnes), sixfold. Italy (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2018, the average annual growth rate of volume to Germany stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+X% per year) and Italy (-X% per year).

In value terms, Germany ($X) remains the key foreign market for linseed exports from Austria, comprising X% of total linseed exports. The second position in the ranking was occupied by Hungary ($X), with a X% share of total exports. It was followed by Denmark, with a X% share.

From 2007 to 2018, the average annual growth rate of value to Germany totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+X% per year) and Denmark (+X% per year).

Export Prices by Country

The average linseed export price stood at $X per tonne in 2018, rising by X% against the previous year. In general, the linseed export price continues to indicate prominent growth. The most prominent rate of growth was recorded in 2008 when the average export price increased by X% year-to-year. Over the period under review, the average export prices for linseed attained their maximum in 2018 and is expected to retain its growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Hungary ($X per tonne), while the average price for exports to Poland ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Italy, while the prices for the other major destinations experienced more modest paces of growth.

Linseed Imports

Imports into Austria

In 2018, the linseed imports into Austria totaled X tonnes, falling by -X% against the previous year. In general, linseed imports, however, continue to indicate a modest expansion. The growth pace was the most rapid in 2014 with an increase of X% y-o-y. In that year, linseed imports reached their peak of X tonnes. From 2015 to 2018, the growth of linseed imports remained at a lower figure.

In value terms, linseed imports amounted to $X in 2018. Over the period under review, linseed imports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. In that year, linseed imports attained their peak of $X. From 2015 to 2018, the growth of linseed imports remained at a lower figure.

Imports by Country

Poland (X tonnes), Germany (X tonnes) and Lithuania (X tonnes) were the main suppliers of linseed imports to Austria, with a combined X% share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Poland (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Poland ($X) and Lithuania ($X) appeared to be the largest linseed suppliers to Austria, together accounting for X% of total imports.

Poland (+X% per year) experienced the highest growth rate of imports, in terms of the main suppliers over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the average linseed import price amounted to $X per tonne, going up by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 an increase of X% year-to-year. Over the period under review, the average import prices for linseed attained their peak figure at $X per tonne in 2013; however, from 2014 to 2018, import prices failed to regain their momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per tonne), while the price for Kazakhstan ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the Czech Republic, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform