Russian Federation: Linseed Market 2024

Linseed Market Size in the Russian Federation

After three years of growth, the Russian linseed market decreased by X% to $X in 2022. In general, consumption continues to indicate a abrupt curtailment. As a result, consumption attained the peak level of $X, and then reduced notably in the following year.

Linseed Production in the Russian Federation

In value terms, linseed production rose markedly to $X in 2022 estimated in export price. In general, the total production indicated a buoyant expansion from 2012 to 2022: its value 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

In 2022, the average linseed yield in Russia dropped to X kg per ha, waning by X% compared with 2021. Overall, the yield continues to indicate a perceptible downturn. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2014 to 2022, the growth of the average linseed 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, the linseed harvested area in Russia dropped dramatically to X ha, with a decrease of X% against the previous year. Overall, the harvested area, however, posted a prominent increase. The pace of growth appeared the most rapid in 2021 when the harvested area increased by X% against the previous year. As a result, the harvested area attained the peak level of X ha, and then reduced markedly in the following year.

Linseed Exports

Exports from the Russian Federation

In 2022, linseed exports from Russia soared to X tons, jumping by X% against 2021 figures. In general, exports recorded buoyant growth. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, linseed exports surged to $X in 2022. Overall, exports showed a prominent expansion. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

China (X tons) was the main destination for linseed exports from Russia, accounting for a X% share of total exports. Moreover, linseed exports to China exceeded the volume sent to the second major destination, Belgium (X tons), threefold. The United States (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 China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (X% per year) and the United States (X% per year).

In value terms, China ($X) remains the key foreign market for linseed exports from Russia, comprising X% of total exports. The second position in the ranking was held by Belgium ($X), with an X% share of total exports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual growth rate of value to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (X% per year) and the United States (X% per year).

Export Prices by Country

In 2022, the average linseed export price amounted to $X per ton, flattening at the previous year. In general, export price indicated a measured increase 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 export price increased by X% against 2016 indices. The growth pace was the most rapid in 2021 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Kazakhstan ($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 the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Linseed Imports

Imports into the Russian Federation

After three years of growth, supplies from abroad of linseed decreased by X% to X tons in 2022. Overall, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2021, and then declined notably in the following year.

In value terms, linseed imports contracted significantly to $X in 2022. In general, imports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2014 with an increase of X%. Imports peaked at $X in 2021, and then fell dramatically in the following year.

Imports by Country

In 2022, Kazakhstan (X tons) was the main supplier of linseed to Russia, accounting for a approx. X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Kazakhstan amounted to X%.

In value terms, Kazakhstan ($X) constituted the largest supplier of linseed to Russia.

From 2012 to 2022, the average annual rate of growth in terms of value from Kazakhstan totaled X%.

Import Prices by Country

In 2022, the average linseed import price amounted to $X per ton, reducing by X% against the previous year. Overall, the import price showed a mild decline. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Kazakhstan.

From 2012 to 2022, the rate of growth in terms of prices for Kazakhstan amounted to X% per year.

Source: IndexBox Platform

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