EU: Linseed Oil Market 2024

Linseed Oil Market Size in the EU

In 2022, the EU linseed oil market decreased by X% to $X for the first time since 2016, thus ending a five-year rising trend. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2021 with an increase of X%. As a result, consumption attained the peak level of $X, and then reduced in the following year.

Linseed Oil Production in the EU

In value terms, linseed oil production rose modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Linseed Oil Exports

Exports in the EU

Linseed oil exports declined modestly to X tons in 2022, remaining relatively unchanged against 2021 figures. In general, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, linseed oil exports expanded rapidly to $X in 2022. Total exports indicated temperate growth 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, exports increased by X% against 2019 indices. The growth pace was the most rapid in 2021 when exports increased by X%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

Belgium dominates exports structure, amounting to X tons, which was approx. X% of total exports in 2022. Germany (X tons) held the second position in the ranking, followed by Spain (X tons). All these countries together took near X% share of total exports. Italy (X tons) followed a long way behind the leaders.

Belgium experienced a relatively flat trend pattern with regard to volume of exports of linseed oil. At the same time, Italy (X%) and Spain (X%) displayed positive paces of growth. Moreover, Italy emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2022. By contrast, Germany (X%) illustrated a downward trend over the same period. Belgium (X p.p.), Spain (X p.p.) and Italy (X p.p.) significantly strengthened its position in terms of the total exports, while Germany saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Belgium ($X) remains the largest linseed oil supplier in the European Union, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with an X% share of total exports. It was followed by Spain, with a X% share.

In Belgium, linseed oil exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Germany (X% per year) and Spain (X% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, growing by X% against the previous year. Export price indicated notable 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 oil export price increased by X% against 2016 indices. The growth pace was the most rapid in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Spain ($X per ton) and Italy ($X per ton), while Belgium ($X per ton) and Germany ($X per ton) were amongst the lowest.

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

Linseed Oil Imports

Imports in the EU

Linseed oil imports shrank to X tons in 2022, reducing by X% compared with the previous year. In general, imports saw a perceptible slump. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, linseed oil imports expanded notably to $X in 2022. Total imports indicated slight growth 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 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

The countries with the highest levels of linseed oil imports in 2022 were Germany (X tons), the Netherlands (X tons) and Ireland (X tons), together recording X% of total import. France (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Belgium (X%), Spain (X%) and Italy (X%).

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

In value terms, the largest linseed oil importing markets in the European Union were Germany ($X), the Netherlands ($X) and Ireland ($X), together comprising X% of total imports.

Among the main importing countries, Ireland, 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 import price in the European Union stood at $X per ton in 2022, jumping by X% against the previous year. Import price indicated temperate 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 oil import price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2020 an increase of X%. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per ton), while Ireland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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