Belarus: Linseed Market 2024

Linseed Market Size in Belarus

The Belarusian linseed market surged to $X in 2022, increasing by X% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Linseed Production in Belarus

In value terms, linseed production dropped to $X in 2022 estimated in export price. In general, production, however, showed a mild setback. The pace of growth appeared the most rapid in 2019 when the production volume increased by X%. Linseed production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

In 2022, the average linseed yield in Belarus rose slightly to X kg per ha, picking up by X% against the previous year. Overall, the yield indicated a tangible increase from 2012 to 2022: its figure increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, linseed yield decreased by X% against 2020 indices. The growth pace was the most rapid in 2017 with an increase of X%. As a result, the yield reached the peak level of X kg per ha. From 2018 to 2022, the growth of the average linseed yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of linseed in Belarus dropped to X ha, approximately reflecting the previous year. Overall, the harvested area showed a deep slump. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, the harvested area dedicated to linseed production attained the peak figure at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

Linseed Exports

Exports from Belarus

In 2022, after five years of growth, there was significant decline in overseas shipments of linseed, when their volume decreased by X% to X tons. In general, exports, however, showed a moderate increase. The pace of growth was the most pronounced in 2015 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2021, and then fell sharply in the following year.

In value terms, linseed exports fell rapidly to $X in 2022. Over the period under review, exports, however, continue to indicate a modest expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2021, and then dropped remarkably in the following year.

Exports by Country

Poland (X tons) was the main destination for linseed exports from Belarus, accounting for a X% share of total exports. Moreover, linseed exports to Poland exceeded the volume sent to the second major destination, Belgium (X tons), threefold. Russia (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Poland totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (X% per year) and Russia (X% per year).

In value terms, Poland ($X) remains the key foreign market for linseed exports from Belarus, comprising X% of total exports. The second position in the ranking was taken by Russia ($X), with a X% share of total exports. It was followed by Belgium, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Poland totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and Belgium (X% per year).

Export Prices by Country

The average linseed export price stood at $X per ton in 2022, shrinking by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then reduced rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Latvia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Linseed Imports

Imports into Belarus

In 2022, purchases abroad of linseed was finally on the rise to reach X tons after two years of decline. Over the period under review, imports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2019 with an increase of X%. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, linseed imports totaled $X in 2022. Overall, imports posted a significant expansion. The growth pace was the most rapid in 2013 when imports increased by X%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Kazakhstan (X tons), Russia (X tons) and France (X tons) were the main suppliers of linseed imports to Belarus, together accounting for X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Russia (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

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

Among the main suppliers, Russia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average linseed import price amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the import price, however, recorded a noticeable increase. The pace of growth appeared the most rapid in 2013 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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