Ireland: Linseed Market Overview 2021

Linseed Market Size in Ireland

In 2019, the Irish linseed market decreased by -X% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption showed a deep contraction. The pace of growth was the most pronounced in 2017 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs at $X in 2009; however, from 2010 to 2019, consumption remained at a lower figure.

Linseed Production in Ireland

In value terms, linseed production amounted to $X in 2019 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2008 when the production volume increased by X% y-o-y. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2019, production stood at a somewhat lower figure.

The average yield of linseed in Ireland stood at X tonnes per ha in 2019, approximately reflecting the previous year's figure. Over the period under review, the yield recorded a relatively flat trend pattern. Over the period under review, the average linseed yield hit record highs in 2019 and is expected to retain growth in years to come. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2019, the total area harvested in terms of linseed production in Ireland was estimated at X ha, remaining relatively unchanged against 2018 figures. Overall, the harvested area saw a relatively flat trend pattern. The linseed harvested area peaked in 2019 and is likely to see gradual growth in the immediate term.

Linseed Exports

Exports from Ireland

In 2019, shipments abroad of linseed increased by X% to X tonnes, rising for the second consecutive year after two years of decline. Overall, exports showed prominent growth. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Exports peaked at X tonnes in 2015; however, from 2016 to 2019, exports failed to regain the momentum.

In value terms, linseed exports plummeted to $X in 2019. In general, exports recorded buoyant growth. The pace of growth appeared the most rapid in 2008 when exports increased by X% year-to-year. Over the period under review, exports reached the maximum at $X in 2015; however, from 2016 to 2019, exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X tonnes), the UK (X tonnes) and Spain (X tonnes) were the main destinations of linseed exports from Ireland, together comprising X% of total exports.

From 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) remains the key foreign market for linseed exports from Ireland, comprising X% of total exports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of value to the UK amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+X% per year) and Spain (+X% per year).

Export Prices by Country

In 2019, the average linseed export price amounted to $X per tonne, declining by -X% against the previous year. Over the period under review, the export price showed a slight decline. The most prominent rate of growth was recorded in 2008 an increase of X% against the previous year. The export price peaked at $X per tonne in 2014; however, from 2015 to 2019, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Spain ($X per tonne), while the average price for exports to the Netherlands ($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 UK, while the prices for the other major destinations experienced a decline.

Linseed Imports

Imports into Ireland

In 2019, imports of linseed into Ireland fell remarkably to X tonnes, reducing by -X% on the previous year's figure. Overall, imports, however, posted a moderate increase. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. Over the period under review, imports reached the peak figure at X tonnes in 2012; however, from 2013 to 2019, imports stood at a somewhat lower figure.

In value terms, linseed imports declined to $X in 2019. Over the period under review, imports, however, recorded a buoyant increase. The pace of growth appeared the most rapid in 2016 with an increase of X% y-o-y. Imports peaked at $X in 2011; however, from 2012 to 2019, imports stood at a somewhat lower figure.

Imports by Country

In 2019, the UK (X tonnes) constituted the largest linseed supplier to Ireland, accounting for a X% share of total imports. Moreover, linseed imports from the UK exceeded the figures recorded by the second-largest supplier, China (X tonnes), threefold. The third position in this ranking was occupied by the U.S. (X tonnes), with a X% share.

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

In value terms, the UK ($X) constituted the largest supplier of linseed to Ireland, comprising X% of total imports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value from the UK stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (+X% per year) and China (+X% per year).

Import Prices by Country

In 2019, the average linseed import price amounted to $X per tonne, jumping by X% against the previous year. In general, the import price saw a strong increase. The pace of growth appeared the most rapid in 2010 when the average import price increased by X% against the previous year. The import price peaked in 2019 and is likely to see steady growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per tonne), while the price for China ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Germany, 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?

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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 comprising a further 34%.

What are the largest producers of linseed in the world?

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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 Ireland?

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In value terms, the UK ($1.9M) constituted the largest supplier of linseed to Ireland, comprising 58% of total imports. The second position in the ranking was occupied by the U.S. ($492K), with a 15% share of total imports. It was followed by China, with a 12% share.

What are the leading importers of linseed from Ireland?

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In value terms, the UK ($1.6M) remains the key foreign market for linseed exports from Ireland, comprising 65% of total exports. The second position in the ranking was occupied by the Netherlands ($424K), with a 17% share of total exports.

What is the average export price for linseed in Ireland?

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In 2019, the average linseed export price amounted to $218 per tonne, waning by -31.8% against the previous year.

What is the average import price for linseed in Ireland?

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The average linseed import price stood at $2,919 per tonne in 2019, rising by 15% against the previous year.