Europe: Linseed Oil Market 2024

Linseed Oil Market Size in Europe

The Europe linseed oil market rose slightly to $X in 2022, with an increase of X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Linseed Oil Production in Europe

In value terms, linseed oil production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2015 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Linseed Oil Exports

Exports in Europe

In 2022, linseed oil exports in Europe expanded markedly to X tons, surging by X% on 2021. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The volume of export peaked in 2022 and is likely to see steady growth in years to come.

In value terms, linseed oil exports skyrocketed to $X in 2022. In general, exports posted a resilient increase. The growth pace was the most rapid in 2021 with an increase of X%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

Belgium was the major exporter of linseed oil in Europe, with the volume of exports resulting at X tons, which was approx. X% of total exports in 2022. Russia (X tons) ranks second in terms of the total exports with a X% share, followed by the UK (X%) and Germany (X%). Spain (X tons) and 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, Russia (X%), the UK (X%), Italy (X%) and Spain (X%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2022. By contrast, Germany (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Russia, the UK, Italy and Spain increased by X, X, X and X percentage points, respectively.

In value terms, Belgium ($X) remains the largest linseed oil supplier in Europe, comprising X% of total exports. The second position in the ranking was held by Russia ($X), with a X% share of total exports. It was followed by the UK, with an X% share.

In Belgium, linseed oil exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Russia (X% per year) and the UK (X% per year).

Export Prices by Country

The export price in Europe stood at $X per ton in 2022, increasing by X% against the previous year. Export price indicated a temperate expansion 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 2019 indices. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. The level of export 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 exporting countries. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per ton), while Russia ($X per ton) was 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 Europe

In 2022, linseed oil imports in Europe stood at X tons, surging by X% against 2021 figures. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, linseed oil imports soared to $X in 2022. Overall, imports posted a tangible expansion. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Norway (X tons), Germany (X tons), the Netherlands (X tons) and Ireland (X tons) represented the main importer of linseed oil in Europe, mixing up X% of total import. France (X tons) ranks next in terms of the total imports with a X% share, followed by Belgium (X%). The following importers - Spain (X tons) and the UK (X tons) - each amounted to a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Norway (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 Europe were Germany ($X), Norway ($X) and the Netherlands ($X), together accounting for X% of total imports.

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

Import Prices by Country

In 2022, the import price in Europe amounted to $X per ton, increasing by X% against the previous year. Import price indicated a perceptible expansion 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 2021 when the import price increased by X%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: 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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