Estonia: Linseed Market 2024

Linseed Market Size in Estonia

The Estonian linseed market rose notably to $X in 2022, growing by X% against the previous year. Over the period under review, the total consumption indicated a moderate expansion 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, consumption increased by X% against 2017 indices. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in years to come.

Linseed Production in Estonia

In value terms, linseed production reached $X in 2022 estimated in export price. Overall, production continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

In 2022, the average linseed yield in Estonia dropped slightly to X tons per ha, waning by X% compared with the previous year. Over the period under review, the yield indicated strong growth 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 increased by X% against 2020 indices. The pace of growth was the most pronounced in 2013 when the yield increased by X%. As a result, the yield attained the peak level of X tons per ha. From 2014 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.

The linseed harvested area in Estonia declined sharply to X ha in 2022, waning by X% on 2021 figures. In general, the harvested area, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the harvested area attained the peak level of X ha, and then contracted sharply in the following year.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Linseed Exports

Exports from Estonia

In 2022, overseas shipments of linseed decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2021, and then fell significantly in the following year.

In value terms, linseed exports reduced remarkably to $X in 2022. Overall, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2021, and then reduced rapidly in the following year.

Exports by Country

Poland (X tons), the Netherlands (X tons) and Belgium (X tons) were the main destinations of linseed exports from Estonia, together accounting for X% of total exports. These countries were followed by Lithuania, which accounted for a further X%.

From 2012 to 2022, the biggest increases were recorded for Lithuania (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), the Netherlands ($X) and Belgium ($X) constituted the largest markets for linseed exported from Estonia worldwide, with a combined X% share of total exports. Lithuania lagged somewhat behind, accounting for a further X%.

Among the main countries of destination, Lithuania, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average linseed export price stood at $X per ton in 2022, rising by X% against the previous year. Overall, the export price, however, continues to indicate a perceptible shrinkage. The growth pace was the most rapid in 2018 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the Netherlands ($X per ton) and Belgium ($X per ton), while the average price for exports to Poland ($X per ton) and Lithuania ($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 the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Linseed Imports

Imports into Estonia

After three years of growth, supplies from abroad of linseed decreased by X% to X tons in 2022. Overall, imports, however, showed prominent growth. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2021, and then reduced notably in the following year.

In value terms, linseed imports fell significantly to $X in 2022. In general, imports, however, continue to indicate resilient growth. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then reduced dramatically in the following year.

Imports by Country

In 2022, Kazakhstan (X tons) constituted the largest linseed supplier to Estonia, with a X% share of total imports. Moreover, linseed imports from Kazakhstan exceeded the figures recorded by the second-largest supplier, Poland (X tons), twofold. The third position in this ranking was taken by Russia (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Kazakhstan stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and Russia (X% per year).

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

Russia, 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 ton in 2022, increasing by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :