Bulgaria: Linseed Market 2025

Linseed Market Size in Bulgaria

The Bulgarian linseed market fell sharply to $X in 2022, dropping by -20.7% against the previous year. Over the period under review, consumption, however, continues to indicate a prominent increase. As a result, consumption attained the peak level of $X, and then dropped rapidly in the following year.

Linseed Production in Bulgaria

In value terms, linseed production rose remarkably to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by 42% against the previous year. Linseed production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

The average yield of linseed in Bulgaria dropped to X tons per ha in 2022, shrinking by -10.9% compared with 2021. In general, the yield indicated a perceptible increase from 2012 to 2022: its figure increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, linseed yield increased by +120.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 147% against the previous year. As a result, the yield reached the peak level of X tons per ha, and then contracted 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.

In 2022, approx. X ha of linseed were harvested in Bulgaria; waning by -38.7% compared with the previous year's figure. Over the period under review, the harvested area, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 341%. As a result, the harvested area attained the peak level of X ha, and then dropped dramatically in the following year.

Linseed Exports

Exports from Bulgaria

In 2022, overseas shipments of linseed increased by 59% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, exports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2014 when exports increased by 141% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, linseed exports expanded notably to $X in 2022. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 149%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

South Africa (X tons), Bosnia and Herzegovina (X tons) and Serbia (X tons) were the main destinations of linseed exports from Bulgaria, together accounting for 73% of total exports. Italy, Montenegro, North Macedonia, Greece and Germany lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +109.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for linseed exported from Bulgaria were Bosnia and Herzegovina ($X), South Africa ($X) and Italy ($X), with a combined 64% share of total exports.

In terms of the main countries of destination, Italy, with a CAGR of +114.6%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average linseed export price amounted to $X per ton, reducing by -29.3% against the previous year. Over the period under review, the export price, however, saw a pronounced increase. The pace of growth was the most pronounced in 2020 an increase of 39% against the previous year. The export price peaked at $X per ton in 2021, and then contracted remarkably in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to South Africa ($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 Serbia (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.

Linseed Imports

Imports into Bulgaria

In 2022, the amount of linseed imported into Bulgaria was estimated at X tons, picking up by 4.8% on 2021 figures. Overall, imports enjoyed strong growth. The pace of growth appeared the most rapid in 2014 when imports increased by 50% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, linseed imports expanded markedly to $X in 2022. In general, imports enjoyed buoyant growth. The pace of growth appeared the most rapid in 2021 with an increase of 41% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Ukraine (X tons) constituted the largest linseed supplier to Bulgaria, with a 74% share of total imports. Moreover, linseed imports from Ukraine exceeded the figures recorded by the second-largest supplier, Kazakhstan (X tons), ninefold. Moldova (X tons) ranked third in terms of total imports with a 5.8% share.

From 2012 to 2022, the average annual growth rate of volume from Ukraine stood at +13.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Kazakhstan (+39.8% per year) and Moldova (+28.8% per year).

In value terms, Ukraine ($X) constituted the largest supplier of linseed to Bulgaria, comprising 70% of total imports. The second position in the ranking was held by Kazakhstan ($X), with a 6.7% share of total imports. It was followed by Poland, with a 5.5% share.

From 2012 to 2022, the average annual growth rate of value from Ukraine stood at +16.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Kazakhstan (+48.8% per year) and Poland (+61.5% per year).

Import Prices by Country

The average linseed import price stood at $X per ton in 2022, approximately reflecting the previous year. In general, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.8% 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 +82.9% against 2017 indices. The growth pace was the most rapid in 2021 when the average import price increased by 31% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+12.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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