Denmark: Linseed Market 2024

Linseed Market Size in Denmark

The Danish linseed market soared to $X in 2022, surging by 23% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Linseed Production in Denmark

In value terms, linseed production rose sharply to $X in 2022 estimated in export price. Overall, the total production indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +3.2% 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 -7.2% against 2018 indices. The pace of growth was the most pronounced in 2018 with an increase of 45% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

The average yield of linseed in Denmark contracted slightly to X kg per ha in 2022, therefore, remained relatively stable against the year before. In general, the yield recorded a pronounced downturn. The pace of growth appeared the most rapid in 2016 when the yield increased by 3.5% against the previous year. Over the period under review, the average linseed yield hit record highs at X kg per ha in 2012; however, from 2013 to 2022, the yield failed to regain momentum. 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 Denmark totaled X ha, approximately equating the previous year's figure. The harvested area increased at an average annual rate of +2.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 when the harvested area increased by 27% against the previous year. The linseed harvested area peaked at X ha in 2020; however, from 2021 to 2022, the harvested area remained at a lower figure.

Linseed Exports

Exports from Denmark

In 2022, the amount of linseed exported from Denmark surged to X tons, picking up by 18% on 2021. Overall, exports, however, saw a abrupt descent. The pace of growth appeared the most rapid in 2021 with an increase of 92%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, linseed exports surged to $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 76% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Sweden (X tons) was the main destination for linseed exports from Denmark, with a 55% share of total exports. Moreover, linseed exports to Sweden exceeded the volume sent to the second major destination, the Netherlands (X tons), fourfold. Norway (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Sweden stood at -7.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+27.2% per year) and Norway (-2.3% per year).

In value terms, Sweden ($X) remains the key foreign market for linseed exports from Denmark, comprising 53% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 16% share of total exports. It was followed by Norway, with a 15% share.

From 2012 to 2022, the average annual growth rate of value to Sweden was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+32.3% per year) and Norway (+2.0% per year).

Export Prices by Country

The average linseed export price stood at $X per ton in 2022, growing by 29% against the previous year. Overall, export price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +7.1% 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 +102.0% against 2015 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by 41% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Belgium ($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 Ireland (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.

Linseed Imports

Imports into Denmark

In 2022, approx. X tons of linseed were imported into Denmark; increasing by 3.3% on 2021 figures. Overall, imports, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2020 when imports increased by 25%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, linseed imports skyrocketed to $X in 2022. In general, imports continue to indicate a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Belgium (X tons) constituted the largest supplier of linseed to Denmark, with a 75% share of total imports. Moreover, linseed imports from Belgium exceeded the figures recorded by the second-largest supplier, Germany (X tons), tenfold. The Netherlands (X tons) ranked third in terms of total imports with a 7.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Belgium amounted to +9.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-1.3% per year) and the Netherlands (-11.7% per year).

In value terms, Belgium ($X) constituted the largest supplier of linseed to Denmark, comprising 65% of total imports. The second position in the ranking was taken by Germany ($X), with an 11% share of total imports. It was followed by India, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Belgium totaled +13.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+5.5% per year) and India (+26.7% per year).

Import Prices by Country

The average linseed import price stood at $X per ton in 2022, surging by 27% against the previous year. Over the period under review, import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +6.5% 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 +60.7% against 2017 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 35% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+16.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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