Ireland: Linseed Market Overview 2021

Linseed Market Size in Ireland

In 2020, the Irish linseed market increased by X% to $X, rising for the fourth consecutive year after four years of decline. Over the period under review, consumption, however, continues to indicate a slight curtailment. The pace of growth appeared the most rapid in 2017 when the market value increased by X% year-to-year. Linseed consumption peaked at $X in 2009; however, from 2010 to 2020, consumption stood at a somewhat lower figure.

Linseed Production in Ireland

In value terms, linseed production stood at $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2008 when the production volume increased by X% against the previous year. Linseed production peaked at $X in 2014; however, from 2015 to 2020, production stood at a somewhat lower figure.

The average yield of linseed in Ireland declined sharply to X kg per ha in 2020, waning by -X% compared with the year before. Overall, the yield continues to indicate a relatively flat trend pattern. Over the period under review, the average linseed yield attained the maximum level at X tonnes per ha in 2019, and then fell notably in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The linseed harvested area in Ireland shrank sharply to X ha in 2020, declining by -X% on the year before. Overall, the harvested area continues to indicate a relatively flat trend pattern. Over the period under review, the harvested area dedicated to linseed production attained the peak figure at X ha in 2019, and then reduced markedly in the following year.

Linseed Exports

Exports from Ireland

In 2020, shipments abroad of linseed decreased by -X% to X tonnes, falling for the fourth consecutive year after seven years of growth. Over the period under review, exports, however, saw a prominent increase. The pace of growth was the most pronounced in 2008 with an increase of X% against the previous year. Over the period under review, exports reached the maximum at X tonnes in 2016; however, from 2017 to 2020, exports remained at a lower figure.

In value terms, linseed exports shrank to $X in 2020. Overall, exports, however, continue to indicate a resilient expansion. The growth pace was the most rapid in 2008 with an increase of X% y-o-y. Exports peaked at $X in 2015; however, from 2016 to 2020, exports stood at a somewhat lower figure.

Exports by Country

The UK (X tonnes) was the main destination for linseed exports from Ireland, with a X% share of total exports. Moreover, linseed exports to the UK exceeded the volume sent to the second major destination, Germany (X tonnes), more than tenfold.

From 2007 to 2020, the average annual rate of growth in terms of volume to the UK stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+X% per year) and Finland (+X% per year).

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

From 2007 to 2020, 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: Germany (+X% per year) and Finland (+X% per year).

Export Prices by Country

The average linseed export price stood at $X per tonne in 2020, rising by X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2012 an increase of X% year-to-year. Over the period under review, average export prices hit record highs at $X per tonne in 2014; however, from 2015 to 2020, export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2020, the country with the highest price was Finland ($X per tonne), while the average price for exports to the UK ($X per tonne) was amongst the lowest.

From 2007 to 2020, 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 2020, after two years of growth, there was significant decline in supplies from abroad of linseed, when their volume decreased by -X% to X tonnes. Over the period under review, imports, however, showed a moderate expansion. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. As a result, imports attained the peak of X tonnes. from 2016 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, linseed imports shrank significantly to $X in 2020. In general, imports, however, posted a tangible expansion. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. As a result, imports reached the peak of $X. from 2016 to 2020, the growth imports failed to regain the momentum.

Imports by Country

The UK (X tonnes), the U.S. (X tonnes) and the Netherlands (X tonnes) were the main suppliers of linseed imports to Ireland, with a combined X% share of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands, while imports for the other leaders experienced more modest paces of growth.

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 2020, the average annual growth rate of value from the UK was relatively modest. 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 2020, the average linseed import price amounted to $X per tonne, declining by -X% against the previous year. Overall, the import price continues to indicate a mild slump. The pace of growth appeared the most rapid in 2011 when the average import price increased by X% y-o-y. Over the period under review, average import prices reached the peak figure at $X per tonne in 2018; however, from 2019 to 2020, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was China ($X per tonne), while the price for the U.S. ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Russia, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox 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 2020 were China (711K tonnes), Kazakhstan (693K tonnes) and Belgium (369K tonnes), together accounting for 54% of global consumption. Russia, the U.S., Germany, India, Canada, Ethiopia, France and Afghanistan lagged somewhat behind, together comprising a further 34%.

What are the largest producers of linseed in the world?

+

The countries with the highest volumes of linseed production in 2020 were Kazakhstan (1.1M tonnes), Russia (785K tonnes) and Canada (549K tonnes), together comprising 73% of global production.

What are the leading suppliers of linseed to Ireland?

+

In value terms, the UK ($1M) constituted the largest supplier of linseed to Ireland, comprising 53% of total imports. The second position in the ranking was occupied by the U.S. ($464K), with a 24% share of total imports. It was followed by China, with a 6.8% share.

What are the leading importers of linseed from Ireland?

+

In value terms, the UK ($2.2M) remains the key foreign market for linseed exports from Ireland, comprising 92% of total exports. The second position in the ranking was occupied by Germany ($75K), with a 3.2% share of total exports.

What is the average export price for linseed in Ireland?

+

The average linseed export price stood at $342 per tonne in 2020, with an increase of 8.8% against the previous year.

What is the average import price for linseed in Ireland?

+

In 2020, the average linseed import price amounted to $1,372 per tonne, shrinking by -32.6% against the previous year.

Recommended reports

World - Linseed - Market Analysis, Forecast, Size, Trends and Insights

$499

Nov 16, 2021

768

This report provides an in-depth analysis of the global linseed market.

EU - Linseed - Market Analysis, Forecast, Size, Trends and Insights

$499

Nov 16, 2021

166

This report provides an in-depth analysis of the linseed market in the EU.

Asia - Linseed - Market Analysis, Forecast, Size, Trends and Insights

$499

Nov 16, 2021

189

This report provides an in-depth analysis of the linseed market in Asia.

U.S. - Linseed - Market Analysis, Forecast, Size, Trends and Insights

$499

Nov 16, 2021

190

This report provides an in-depth analysis of the linseed market in the U.S..

China - Linseed - Market Analysis, Forecast, Size, Trends and Insights

$499

Nov 16, 2021

221

This report provides an in-depth analysis of the linseed market in China.