Spain: Linseed Market 2024

Linseed Market Size in Spain

For the fourth year in a row, the Spanish linseed market recorded growth in sales value, which increased by X% to $X in 2022. Overall, consumption recorded a buoyant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Linseed Production in Spain

In value terms, linseed production skyrocketed to $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The pace of growth appeared 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 remained at a somewhat lower figure.

The average yield of linseed in Spain expanded markedly to X tons per ha in 2022, with an increase of X% against 2021 figures. Overall, the yield, however, saw a perceptible setback. The most prominent rate of growth was recorded in 2020 when the yield increased by X%. As a result, the yield reached the peak level of X tons per ha. From 2021 to 2022, the growth of the average linseed yield remained at a somewhat 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 Spain dropped markedly to X ha, which is down by X% on 2021. Overall, the harvested area, however, enjoyed a significant expansion. The growth pace was the most rapid in 2021 when the harvested area increased by X%. As a result, the harvested area reached the peak level of X ha, and then declined significantly in the following year.

Linseed Exports

Exports from Spain

In 2022, overseas shipments of linseed increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, exports enjoyed a significant increase. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, linseed exports expanded slightly to $X in 2022. Over the period under review, exports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Portugal (X tons) was the main destination for linseed exports from Spain, accounting for a X% share of total exports. Moreover, linseed exports to Portugal exceeded the volume sent to the second major destination, Algeria (X tons), more than tenfold. The third position in this ranking was held by France (X tons), with a X% share.

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

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

From 2012 to 2022, the average annual growth rate of value to Portugal amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Algeria (X% per year).

Export Prices by Country

The average linseed export price stood at $X per ton in 2022, approximately reflecting the previous year. Overall, the export price recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2019 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Portugal ($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 Algeria (X%), while the prices for the other major destinations experienced mixed trend patterns.

Linseed Imports

Imports into Spain

For the seventh year in a row, Spain recorded growth in overseas purchases of linseed, which increased by X% to X tons in 2022. Overall, imports continue to indicate a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, linseed imports soared to $X in 2022. Over the period under review, imports showed prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Poland (X tons), the Netherlands (X tons) and Cyprus (X tons) were the main suppliers of linseed imports to Spain, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Cyprus (with a CAGR of X.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest linseed suppliers to Spain were Poland ($X), the Netherlands ($X) and France ($X), together comprising X% of total imports. Belgium, Cyprus, Germany, Ukraine, Portugal and Canada lagged somewhat behind, together comprising a further X%.

Cyprus, with a CAGR of X.4%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average linseed import price amounted to $X per ton, waning by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 when the average import price increased by X%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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