Finland: Linseed Market Overview 2021

Linseed Market Size in Finland

The Finnish linseed market contracted dramatically to $X in 2019, waning by -X% against the previous year. Over the period under review, consumption saw notable growth. The pace of growth was the most pronounced in 2018 with an increase of X% y-o-y. Linseed consumption peaked at $X in 2014; however, from 2015 to 2019, consumption remained at a lower figure.

Linseed Production in Finland

In value terms, linseed production dropped significantly to $X in 2019 estimated in export prices. Over the period under review, production showed a dramatic decline. Linseed production peaked at $X in 2018, and then contracted dramatically in the following year.

In 2019, the average linseed yield in Finland surged to X kg per ha, rising by X% compared with the previous year's figure. Overall, the yield saw significant growth. As a result, the yield reached the peak level and is likely to continue growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2019, the harvested area of linseed in Finland contracted remarkably to X ha, waning by -X% against the previous year. In general, the harvested area showed a dramatic downturn. The linseed harvested area peaked at X ha in 2018, and then contracted dramatically in the following year.

Linseed Exports

Exports from Finland

After seven years of growth, overseas shipments of linseed decreased by -X% to X tonnes in 2019. Overall, exports continue to indicate a noticeable descent. The most prominent rate of growth was recorded in 2009 when exports increased by X% y-o-y. Exports peaked at X tonnes in 2018, and then contracted markedly in the following year.

In value terms, linseed exports contracted rapidly to $X in 2019. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 with an increase of X% y-o-y. Exports peaked at $X in 2018, and then declined markedly in the following year.

Exports by Country

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

From 2007 to 2019, the average annual rate of growth in terms of volume to Sweden stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+X% per year) and Latvia (-X% per year).

In value terms, the largest markets for linseed exported from Finland were Sweden ($X), the Netherlands ($X) and Estonia ($X), with a combined X% share of total exports. Latvia and Denmark lagged somewhat behind, together comprising a further X (+X% per year) saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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 tonne in 2019, which is down by -X% against the previous year. Over the period under review, export price indicated a modest expansion from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, linseed export price increased by +X% against 2017 indices. The pace of growth appeared the most rapid in 2008 when the average export price increased by X% against the previous year. As a result, export price attained the peak level of $X per tonne. From 2009 to 2019, the growth in terms of the average export prices failed to regain the momentum.

There were significant differences in the average prices for the major foreign markets. In 2019, the country with the highest price was Estonia ($X per tonne), while the average price for exports to Sweden ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands, while the prices for the other major destinations experienced more modest paces of growth.

Linseed Imports

Imports into Finland

In 2019, the amount of linseed imported into Finland declined remarkably to X tonnes, dropping by -X% against the previous year's figure. In general, imports continue to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2012 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tonnes in 2014; however, from 2015 to 2019, imports remained at a lower figure.

In value terms, linseed imports declined markedly to $X in 2019. Over the period under review, imports enjoyed a modest expansion. The most prominent rate of growth was recorded in 2012 with an increase of X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2019, imports failed to regain the momentum.

Imports by Country

In 2019, Kazakhstan (X tonnes) constituted the largest supplier of linseed to Finland, with a X% share of total imports. Moreover, linseed imports from Kazakhstan exceeded the figures recorded by the second-largest supplier, Sweden (X tonnes), sevenfold. Russia (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from Kazakhstan amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (-X% per year) and Russia (+X% per year).

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

Among the main suppliers, Ireland (+X% per year) 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 average linseed import price stood at $X per tonne in 2019, increasing by X% against the previous year. Overall, import price indicated a prominent increase from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2008 an increase of X% year-to-year. Over the period under review, average import prices reached the maximum in 2019 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Ireland ($X per tonne), while the price for Kazakhstan ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Sweden, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for linseed in the world?

+

The countries with the highest volumes of linseed consumption in 2019 were China (741K tonnes), Kazakhstan (531K tonnes) and Belgium (392K tonnes), with a combined 54% share of global consumption. The U.S., Germany, Russia, Canada, India, Ethiopia, France, Afghanistan, the Netherlands and Poland lagged somewhat behind, together accounting for a further 34%.

What are the largest producers of linseed in the world?

+

The countries with the highest volumes of linseed production in 2019 were Kazakhstan (1M tonnes), Russia (659K tonnes) and Canada (486K tonnes), with a combined 70% share of global production.

What are the leading suppliers of linseed to Finland?

+

In value terms, the largest linseed suppliers to Finland were Kazakhstan ($263K), Ireland ($190K) and Sweden ($91K), together accounting for 81% of total imports.

What are the leading importers of linseed from Finland?

+

In value terms, Sweden ($42K), the Netherlands ($27K) and Estonia ($5.6K) constituted the largest markets for linseed exported from Finland worldwide, together comprising 88% of total exports. These countries were followed by Latvia and Denmark, which together accounted for a further 8.6%.

What is the average export price for linseed in Finland?

+

In 2019, the average linseed export price amounted to $1,089 per tonne, shrinking by -11.6% against the previous year.

What is the average import price for linseed in Finland?

+

In 2019, the average linseed import price amounted to $1,124 per tonne, with an increase of 9.4% against the previous year.