Norway: Linseed Market Overview 2021

Linseed Market Size in Norway

The Norwegian linseed market dropped to $X in 2019, approximately equating the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated buoyant growth from 2007 to 2019: its value 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. Based on 2019 figures, consumption increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2008 when the market value increased by X% against the previous year. Linseed consumption peaked at $X in 2013; however, from 2014 to 2019, consumption stood at a somewhat lower figure.

Linseed Exports

Exports from Norway

After two years of growth, shipments abroad of linseed decreased by -X% to X tonnes in 2019. In general, exports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, exports hit record highs at X tonnes in 2018, and then shrank slightly in the following year.

In value terms, linseed exports expanded rapidly to $X in 2019. Overall, exports, however, enjoyed a significant increase. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, exports reached the peak of $X. From 2018 to 2019, the growth exports remained at a somewhat lower figure.

Exports by Country

Belgium (X tonnes) was the main destination for linseed exports from Norway, with a X% share of total exports. Moreover, linseed exports to Belgium exceeded the volume sent to the second major destination, the Netherlands (X tonnes), fivefold.

From 2007 to 2019, the average annual growth rate of volume to Belgium totaled +X%.

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

From 2007 to 2019, the average annual growth rate of value to Belgium stood at +X%.

Export Prices by Country

In 2019, the average linseed export price amounted to $X per tonne, growing by X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of X% year-to-year. As a result, export price reached the peak level of $X per tonne. From 2015 to 2019, the growth in terms of the average export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was the Netherlands ($X per tonne), while the average price for exports to Belgium stood at $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Belgium.

Linseed Imports

Imports into Norway

In 2019, the amount of linseed imported into Norway totaled X tonnes, surging by X% on 2018. The total import volume increased at an average annual rate of +X% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2008 when imports increased by X% year-to-year. Imports peaked in 2019 and are likely to see steady growth in years to come.

In value terms, linseed imports reduced to $X in 2019. In general, total imports indicated resilient growth from 2007 to 2019: its value 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, imports increased by +X% against 2017 indices. The pace of growth was the most pronounced in 2008 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2019, imports stood at a somewhat lower figure.

Imports by Country

In 2019, Belgium (X tonnes) constituted the largest supplier of linseed to Norway, with a X% share of total imports. Moreover, linseed imports from Belgium exceeded the figures recorded by the second-largest supplier, Kazakhstan (X tonnes), fivefold. The third position in this ranking was occupied by Russia (X tonnes), with a X% share.

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

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

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

Import Prices by Country

The average linseed import price stood at $X per tonne in 2019, with a decrease of -X% against the previous year. In general, import price indicated a measured increase 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 import price decreased by -X% against 2011 indices. The most prominent rate of growth was recorded in 2008 when the average import price increased by X% year-to-year. Over the period under review, average import prices reached the peak figure at $X per tonne in 2011; however, from 2012 to 2019, import prices remained at a lower figure.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the Netherlands, 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. These countries were followed by the U.S., Germany, Russia, Canada, India, Ethiopia, France, Afghanistan, the Netherlands and Poland, which together accounted for 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), together accounting for 70% of global production.

What are the leading suppliers of linseed to Norway?

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In value terms, Belgium ($1.2M) constituted the largest supplier of linseed to Norway, comprising 49% of total imports. The second position in the ranking was occupied by Kazakhstan ($375K), with a 15% share of total imports. It was followed by Russia, with a 8.8% share.

What are the leading importers of linseed from Norway?

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In value terms, Belgium ($12K) remains the key foreign market for linseed exports from Norway, comprising 71% of total exports. The second position in the ranking was occupied by the Netherlands ($4.6K), with a 29% share of total exports.

What is the average export price for linseed in Norway?

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The average linseed export price stood at $675 per tonne in 2019, picking up by 12% against the previous year.

What is the average import price for linseed in Norway?

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In 2019, the average linseed import price amounted to $758 per tonne, declining by -3.8% against the previous year.