Austria: Linseed Market 2022

Linseed Market Size in Austria

The Austrian linseed market skyrocketed to $X in 2021, growing by X% against the previous year. Overall, consumption posted a remarkable increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Linseed Production in Austria

In value terms, linseed production reached $X in 2021 estimated in export prices. In general, production posted prominent growth. The growth pace was the most rapid in 2016 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

The average yield of linseed in Austria reached X tonnes per ha in 2021, with an increase of X% on 2020. The yield figure increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 when the yield increased by X% against the previous year. The linseed yield peaked in 2021 and is likely to see steady growth in years to come. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The linseed harvested area in Austria contracted modestly to X ha in 2021, reducing by -X% on 2020. In general, the harvested area, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2014 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to linseed production attained the peak figure at X ha in 2017; however, from 2018 to 2021, the harvested area remained at a lower figure.

Linseed Exports

Exports from Austria

After two years of growth, overseas shipments of linseed decreased by -X% to X tonnes in 2021. In general, total exports indicated a noticeable expansion from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +X% against 2018 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. The exports peaked at X tonnes in 2020, and then reduced in the following year.

In value terms, linseed exports reached $X in 2021. Overall, total exports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +X% against 2017 indices. The pace of growth appeared the most rapid in 2014 with an increase of X% year-to-year. The exports peaked in 2021 and are likely to continue growth in the immediate term.

Exports by Country

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

From 2012 to 2021, 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: Italy (-X% per year) and Hungary (+X% per year).

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

From 2012 to 2021, the average annual rate of growth in terms of value to Germany amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+X% per year) and Italy (+X% per year).

Export Prices by Country

In 2021, the average linseed export price amounted to $X per tonne, surging by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination: the country with the highest price was Switzerland ($X per tonne), while the average price for exports to Italy ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Linseed Imports

Imports into Austria

For the third year in a row, Austria recorded growth in supplies from abroad of linseed, which increased by X% to X tonnes in 2021. In general, imports enjoyed buoyant growth. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the near future.

In value terms, linseed imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

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

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (+X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest linseed suppliers to Austria were Germany ($X), Poland ($X) and France ($X), with a combined X% share of total imports.

France, with a CAGR of +X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average linseed import price amounted to $X per tonne, growing by X% against the previous year. Over the last nine-year period, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2013 an increase of X% year-to-year. The import price peaked in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform