Belgium: Linseed Market 2024

Linseed Market Size in Belgium

In 2022, after four years of growth, there was significant decline in the Belgian linseed market, when its value decreased by X% to $X. In general, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then contracted in the following year.

Linseed Production in Belgium

In value terms, linseed production expanded to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Linseed production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

In 2022, the average yield of linseed in Belgium reduced notably to X tons per ha, declining by X% against 2021. In general, the yield, however, showed a strong increase. The growth pace was the most rapid in 2021 when the yield increased by X% against the previous year. As a result, the yield attained the peak level of X tons per ha, and then declined dramatically in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of linseed production in Belgium soared to X ha, rising by X% compared with the previous year's figure. Overall, the harvested area, however, continues to indicate a perceptible downturn. Over the period under review, the harvested area dedicated to linseed production attained the peak figure at X ha in 2020; however, from 2021 to 2022, the harvested area stood at a somewhat lower figure.

Linseed Exports

Exports from Belgium

In 2022, overseas shipments of linseed decreased by X% to X tons, falling for the second consecutive year after two years of growth. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, linseed exports expanded modestly to $X in 2022. Overall, exports, however, saw a tangible expansion. The most prominent rate of growth was recorded in 2020 with an increase of X%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons), the Netherlands (X tons) and France (X tons) were the main destinations of linseed exports from Belgium, with a combined X% share of total exports. The UK, Denmark, Portugal and Switzerland lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Portugal (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and France ($X) constituted the largest markets for linseed exported from Belgium worldwide, with a combined X% share of total exports. The UK, Denmark, Portugal and Switzerland lagged somewhat behind, together comprising a further X%.

Portugal, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average linseed export price amounted to $X per ton, with an increase of X% against the previous year. In general, export price indicated a moderate increase from 2012 to 2022: its price 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 export price increased by X% against 2017 indices. The growth pace was the most rapid in 2021 an increase of X%. The export price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the UK ($X per ton) and Denmark ($X per ton), while the average price for exports to the Netherlands ($X per ton) and Switzerland ($X per ton) were amongst the lowest.

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

Linseed Imports

Imports into Belgium

In 2022, supplies from abroad of linseed decreased by X% to X tons, falling for the second year in a row after three years of growth. Overall, imports saw a slight curtailment. The pace of growth appeared the most rapid in 2014 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, linseed imports contracted to $X in 2022. Over the period under review, total imports indicated a noticeable increase from 2012 to 2022: its value 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, imports increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then declined in the following year.

Imports by Country

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

From 2012 to 2022, the biggest increases were recorded for Kazakhstan (with a CAGR of X%), while purchases for the other leaders experienced a decline.

In value terms, the largest linseed suppliers to Belgium were Russia ($X), Kazakhstan ($X) and France ($X), together accounting for X% of total imports.

Among the main suppliers, Kazakhstan, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average linseed import price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, import price indicated measured growth from 2012 to 2022: its price 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 import price increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the Netherlands ($X per ton) and the UK ($X per ton), while the price for Canada ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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