Benelux: Linseed Market 2024

Linseed Market Size in Benelux

The Benelux linseed market rose to $X in 2022, picking up by 2.8% against the previous year. The market value increased at an average annual rate of +2.4% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2022 and is likely to continue growth in years to come.

Linseed Production in Benelux

In value terms, linseed production amounted to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 12% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Belgium (X tons) remains the largest linseed producing country in Benelux, accounting for 90% of total volume. Moreover, linseed production in Belgium exceeded the figures recorded by the second-largest producer, the Netherlands (X tons), ninefold.

From 2012 to 2022, the average annual growth rate of volume in Belgium totaled +3.4%.

In 2022, the average yield of linseed in Benelux dropped sharply to X tons per ha, which is down by -79.9% compared with 2021. In general, the yield, however, saw prominent growth. The pace of growth appeared the most rapid in 2021 with an increase of 793%. As a result, the yield reached the peak level of X tons per ha, and then fell rapidly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The linseed harvested area surged to X ha in 2022, picking up by 397% on 2021 figures. In general, the harvested area, however, showed a pronounced setback. Over the period under review, the harvested area dedicated to linseed production reached the maximum at X ha in 2017; however, from 2018 to 2022, the harvested area stood at a somewhat lower figure.

Linseed Exports

Exports in Benelux

In 2022, overseas shipments of linseed decreased by -27.6% to X tons, falling for the second year in a row after two years of growth. Overall, exports saw a noticeable decrease. The most prominent rate of growth was recorded in 2020 with an increase of 43% against the previous year. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, linseed exports declined to $X in 2022. In general, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by 49% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then contracted in the following year.

Exports by Country

In 2022, Belgium (X tons) represented the largest exporter of linseed, creating 79% of total exports. It was distantly followed by the Netherlands (X tons), constituting a 21% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to linseed exports from Belgium stood at -3.1%. The Netherlands experienced a relatively flat trend pattern. The Netherlands (+4.4 p.p.) significantly strengthened its position in terms of the total exports, while Belgium saw its share reduced by -4.4% from 2012 to 2022, respectively.

In value terms, Belgium ($X) remains the largest linseed supplier in Benelux, comprising 74% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 26% share of total exports.

In Belgium, linseed exports remained relatively stable over the period from 2012-2022.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2022, rising by 24% against the previous year. Export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +3.6% 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 +73.1% against 2017 indices. The pace of growth appeared the most rapid in 2021 an increase of 28% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Belgium stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+3.8%).

Linseed Imports

Imports in Benelux

In 2022, supplies from abroad of linseed decreased by -15.3% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, imports continue to indicate a mild setback. The growth pace was the most rapid in 2014 when imports increased by 22%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, linseed imports shrank modestly to $X in 2022. Total imports indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +86.9% against 2017 indices. The growth pace was the most rapid in 2021 with an increase of 39% against the previous year. As a result, imports reached the peak of $X, and then declined modestly in the following year.

Imports by Country

Belgium was the largest importer of linseed in Benelux, with the volume of imports finishing at X tons, which was near 79% of total imports in 2022. It was distantly followed by the Netherlands (X tons), mixing up a 21% share of total imports.

Imports into Belgium decreased at an average annual rate of -2.8% from 2012 to 2022. At the same time, the Netherlands (+6.5%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer imported in Benelux, with a CAGR of +6.5% from 2012-2022. The Netherlands (+12 p.p.) significantly strengthened its position in terms of the total imports, while Belgium saw its share reduced by -11.6% from 2012 to 2022, respectively.

In value terms, Belgium ($X) constitutes the largest market for imported linseed in Benelux, comprising 77% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 23% share of total imports.

In Belgium, linseed imports expanded at an average annual rate of +1.1% over the period from 2012-2022.

Import Prices by Country

The import price in Benelux stood at $X per ton in 2022, growing by 15% against the previous year. Import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +4.0% 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 +98.8% against 2016 indices. The growth pace was the most rapid in 2021 an increase of 43%. Over the period under review, import prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Belgium amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+4.0%).

Source: IndexBox Platform