Lithuania: Linseed Market 2024

Linseed Market Size in Lithuania

The Lithuanian linseed market skyrocketed to $X in 2022, picking up by X% against the previous year. In general, consumption recorded a significant increase. Linseed consumption peaked in 2022 and is expected to retain growth in the immediate term.

Linseed Production in Lithuania

In value terms, linseed production soared to $X in 2022 estimated in export price. Over the period under review, production enjoyed buoyant growth. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

In 2022, the average yield of linseed in Lithuania surged to X tons per ha, rising by X% on 2021 figures. Overall, the yield continues to indicate a resilient increase. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the average linseed yield reached the maximum level at X tons per ha in 2019; however, from 2020 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of linseed were harvested in Lithuania; waning by X% against the previous year's figure. In general, the harvested area, however, showed a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to linseed production reached the maximum at X ha in 2021, and then reduced in the following year.

Linseed Exports

Exports from Lithuania

After two years of decline, overseas shipments of linseed increased by X% to X tons in 2022. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, linseed exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for linseed exports from Lithuania, with a X% share of total exports. Moreover, linseed exports to Germany exceeded the volume sent to the second major destination, Poland (X tons), fourfold. France (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Germany totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and France (X% per year).

In value terms, Germany ($X) remains the key foreign market for linseed exports from Lithuania, comprising X% of total exports. The second position in the ranking was held by France ($X), with a X% share of total exports. It was followed by Latvia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Latvia (X% per year).

Export Prices by Country

In 2022, the average linseed export price amounted to $X per ton, jumping by X% against the previous year. In general, the export price showed buoyant growth. The pace of growth appeared the most rapid in 2021 an increase of X%. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

Linseed Imports

Imports into Lithuania

In 2022, overseas purchases of linseed were finally on the rise to reach X tons after two years of decline. Overall, imports showed a significant increase. The growth pace was the most rapid in 2018 with an increase of X%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, linseed imports surged to $X in 2022. Over the period under review, imports saw a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Kazakhstan (X tons) constituted the largest supplier of linseed to Lithuania, accounting for a X% share of total imports. Moreover, linseed imports from Kazakhstan exceeded the figures recorded by the second-largest supplier, Russia (X tons), fourfold. Poland (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Kazakhstan stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (X% per year) and Poland (X% per year).

In value terms, Kazakhstan ($X) constituted the largest supplier of linseed to Lithuania, comprising X% of total imports. The second position in the ranking was held by Russia ($X), with a X% share of total imports. It was followed by Poland, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Kazakhstan amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (X% per year) and Poland (X% per year).

Import Prices by Country

The average linseed import price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, import 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 import price increased by X% against 2018 indices. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Latvia ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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