Eastern Europe: Linseed Market 2024

Linseed Market Size in Eastern Europe

In 2022, the East European linseed market decreased by X% to $X for the first time since 2018, thus ending a three-year rising trend. Over the period under review, consumption recorded a pronounced downturn. As a result, consumption attained the peak level of $X, and then shrank markedly in the following year.

Linseed Production in Eastern Europe

In value terms, linseed production expanded rapidly to $X in 2022 estimated in export price. 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 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Russia (X tons) constituted the country with the largest volume of linseed production, accounting for X% of total volume. It was followed by Ukraine (X tons), with a X% share of total production.

In Russia, linseed production increased at an average annual rate of X% over the period from 2012-2022.

The average linseed yield fell to X kg per ha in 2022, waning by X% against the previous year. Overall, the yield continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2013 when the yield increased by X% against the previous year. Over the period under review, the linseed yield hit record highs at X tons per ha in 2017; however, from 2018 to 2022, the yield stood 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 total area harvested in terms of linseed production in Eastern Europe reduced markedly to X ha, which is down by X% on 2021 figures. In general, the harvested area, however, enjoyed a buoyant increase. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, the harvested area reached the peak level of X ha, and then contracted markedly in the following year.

Linseed Exports

Exports in Eastern Europe

In 2022, the amount of linseed exported in Eastern Europe surged to X tons, jumping by X% compared with 2021 figures. Overall, exports showed prominent growth. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, linseed exports skyrocketed to $X in 2022. Over the period under review, exports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

Russia prevails in exports structure, resulting at X tons, which was near X% of total exports in 2022. It was distantly followed by Poland (X tons), committing a X% share of total exports. Ukraine (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to linseed exports from Russia stood at X%. At the same time, Poland (X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, Ukraine (X%) illustrated a downward trend over the same period. While the share of Poland (X p.p.) and Russia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Ukraine (X p.p.) displayed negative dynamics.

In value terms, Russia ($X) remains the largest linseed supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was held by Poland ($X), with an X% share of total exports.

In Russia, linseed exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Poland (X% per year) and Ukraine (X% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, rising by X% against the previous year. Export price indicated a noticeable 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 most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per ton), while Ukraine ($X per ton) was amongst the lowest.

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

Linseed Imports

Imports in Eastern Europe

Linseed imports contracted markedly to X tons in 2022, falling by X% against the previous year's figure. Overall, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, linseed imports dropped to $X in 2022. Over the period under review, imports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then contracted in the following year.

Imports by Country

Poland was the key importing country with an import of about X tons, which recorded X% of total imports. Russia (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by the Czech Republic (X%). Latvia (X tons) and Lithuania (X tons) followed a long way behind the leaders.

Imports into Poland increased at an average annual rate of X% from 2012 to 2022. At the same time, Russia (X%), Latvia (X%), the Czech Republic (X%) and Lithuania (X%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Russia, the Czech Republic and Latvia increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) constitutes the largest market for imported linseed in Eastern Europe, comprising X% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a X% share of total imports. It was followed by Russia, with a X% share.

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

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2022, rising by X% against the previous year. Import price indicated a notable 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 import price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Lithuania ($X per ton), while Russia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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