EU: Linseed Oil Market 2022

Linseed Oil Market Size in the EU

The EU linseed oil market reached $X in 2021, approximately equating the previous year. The market value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The level of consumption peaked in 2021 and is likely to see gradual growth in years to come.

Linseed Oil Production in the EU

In value terms, linseed oil production declined to $X in 2021 estimated in export prices. The total output value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of X% y-o-y. As a result, production reached the peak level of $X, and then contracted in the following year.

Production By Country in the EU

Belgium (X tonnes) constituted the country with the largest volume of linseed oil production, comprising approx. X% of total volume. Moreover, linseed oil production in Belgium exceeded the figures recorded by the second-largest producer, Germany (X tonnes), threefold. Poland (X tonnes) ranked third in terms of total production with a X% share.

From 2012 to 2021, the average annual growth rate of volume in Belgium stood at +X%. The remaining producing countries recorded the following average annual rates of production growth: Germany (+X% per year) and Poland (+X% per year).

Linseed Oil Exports

Exports in the EU

In 2021, after two years of decline, there was growth in overseas shipments of linseed oil, when their volume increased by X% to X tonnes. In general, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X% year-to-year. Over the period under review, the exports reached the peak figure at X tonnes in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, linseed oil exports surged to $X in 2021. The total export value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Belgium (X tonnes) was the largest exporter of linseed oil, committing X% of total exports. It was distantly followed by Germany (X tonnes), mixing up a X% share of total exports. The Netherlands (X tonnes), Spain (X tonnes) and Poland (X tonnes) occupied a little share of total exports.

Belgium experienced a relatively flat trend pattern with regard to volume of exports of linseed oil. At the same time, Poland (+X%) and Spain (+X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +X% from 2012-2021. By contrast, Germany (-X%) and the Netherlands (-X%) illustrated a downward trend over the same period. Belgium (+X p.p.) and Poland (+X p.p.) significantly strengthened its position in terms of the total exports, while the Netherlands and Germany saw its share reduced by -X% and -X% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Belgium, linseed oil exports increased at an average annual rate of +X% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (-X% per year) and the Netherlands (-X% per year).

Export Prices by Country

The linseed oil export price in the European Union stood at $X per tonne in 2021, jumping by X% against the previous year. Over the last nine-year period, it increased at an average annual rate of +X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin: the country with the highest price was Spain ($X per tonne), while Belgium ($X per tonne) was amongst the lowest.

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

Linseed Oil Imports

Imports in the EU

In 2021, supplies from abroad of linseed oil was finally on the rise to reach X tonnes after two years of decline. In general, imports, however, continue to indicate a perceptible reduction. The volume of import peaked at X tonnes in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, linseed oil imports soared to $X in 2021. Over the period under review, imports, however, saw a mild curtailment. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X tonnes) and the Netherlands (X tonnes) represented the major importers of linseed oil in the European Union, together creating X% of total imports. Belgium (X tonnes) ranks next in terms of the total imports with a X% share, followed by France (X%), Italy (X%) and Spain (X%). Poland (X tonnes) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Belgium (+X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and Belgium ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined X% share of total imports.

In terms of the main importing countries, Belgium, with a CAGR of +X%, recorded the highest rates of growth with regard to 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

In 2021, the linseed oil import price in the European Union amounted to $X per tonne, with an increase of X% against the previous year. Over the last nine years, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2020 when the import price increased by X% against the previous year. The level of import peaked in 2021 and is likely to see gradual growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Italy ($X per tonne) and Spain ($X per tonne), while the Netherlands ($X per tonne) and Germany ($X per tonne) were amongst the lowest.

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

Source: IndexBox Platform