Belgium: Linseed Market 2022

Linseed Market Size in Belgium

In 2021, the Belgian linseed market increased by X% to $X, rising for the fourth year in a row after three years of decline. Overall, the total consumption indicated a temperate increase from 2012 to 2021: its value decreased 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, consumption increased by +X% against 2017 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Linseed Production in Belgium

In value terms, linseed production reduced slightly to $X in 2021 estimated in export prices. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X% y-o-y. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

The average yield of linseed in Belgium shrank modestly to X kg per ha in 2021, remaining relatively unchanged against the previous year. In general, the yield recorded a mild contraction. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. As a result, the yield attained the peak level of X kg per ha. From 2014 to 2021, 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 2021, the harvested area of linseed in Belgium was estimated at X ha, flattening at the previous year. Over the period under review, the total harvested area indicated a tangible increase from 2012 to 2021: its figure 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, linseed harvested area increased by +X% against 2013 indices. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The linseed harvested area peaked in 2021 and is expected to retain growth in years to come.

Linseed Exports

Exports from Belgium

For the third year in a row, Belgium recorded growth in shipments abroad of linseed, which increased by X% to X tonnes in 2021. Over the period under review, total exports indicated a modest 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 2016 indices. The growth pace was the most rapid in 2020 when exports increased by X% y-o-y. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, linseed exports skyrocketed to $X in 2021. Overall, exports recorded a pronounced increase. The most prominent rate of growth was recorded in 2020 when exports increased by X% y-o-y. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.

Exports by Country

Germany (X tonnes) was the main destination for linseed exports from Belgium, accounting for a X% share of total exports. Moreover, linseed exports to Germany exceeded the volume sent to the second major destination, the Netherlands (X tonnes), twofold. France (X tonnes) ranked third in terms of total exports with an X% share.

From 2012 to 2021, the average annual growth rate of volume to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+X% per year) and France (+X% per year).

In value terms, Germany ($X) remains the key foreign market for linseed exports from Belgium, comprising X% of total exports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of total exports. It was followed by France, 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: the Netherlands (+X% per year) and France (+X% per year).

Export Prices by Country

In 2021, the average linseed export price amounted to $X per tonne, rising 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 attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2021, the countries with the highest prices were the UK ($X per tonne) and France ($X per tonne), while the average price for exports to Germany ($X per tonne) and the Netherlands ($X per tonne) were amongst the lowest.

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

Linseed Imports

Imports into Belgium

In 2021, purchases abroad of linseed decreased by -X% to X tonnes for the first time since 2017, thus ending a three-year rising trend. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of X tonnes. From 2015 to 2021, the growth imports remained at a lower figure.

In value terms, linseed imports soared to $X in 2021. In general, total imports indicated a notable increase from 2012 to 2021: its value 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, imports increased by +X% against 2017 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Russia (X tonnes), Kazakhstan (X tonnes) and Canada (X tonnes) were the main suppliers of linseed imports to Belgium, together comprising X% of total imports. These countries were followed by Poland and France, which together accounted for a further X 2012 to 2021, the biggest increases were in Poland (+X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Russia ($X), Kazakhstan ($X) and Canada ($X) appeared to be the largest linseed suppliers to Belgium, together accounting for X% of total imports. Poland and France lagged somewhat behind, together accounting for a further X, with a CAGR of +X%, saw the highest growth rate of 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

The average linseed import price stood at $X per tonne in 2021, surging by X% against the previous year. In general, import price indicated moderate growth from 2012 to 2021: its price 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, linseed import price increased by +X% against 2016 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2021, the countries with the highest prices were Poland ($X per tonne) and Russia ($X per tonne), while the price for Canada ($X per tonne) and France ($X per tonne) were amongst the lowest.

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

Source: IndexBox Platform