EU: Linseed Oil Market 2025

Linseed Oil Market Size in the EU

In 2022, after five years of growth, there was decline in the EU linseed oil market, when its value decreased by -0.9% to $X. The market value increased at an average annual rate of +2.0% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2021, and then reduced slightly in the following year.

Linseed Oil Production in the EU

In value terms, linseed oil production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.8% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 when the production volume increased by 20%. As a result, production attained the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Linseed Oil Exports

Exports in the EU

In 2022, approx. X tons of linseed oil were exported in the European Union; leveling off at the year before. In general, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 5.6% against the previous year. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, linseed oil exports totaled $X in 2022. Total exports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +73.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 54% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Belgium dominates exports structure, resulting at X tons, which was approx. 79% of total exports in 2022. It was distantly followed by Germany (X tons) and Spain (X tons), together constituting a 15% share of total exports. Italy (X tons) took a relatively small share of total exports.

Belgium experienced a relatively flat trend pattern with regard to volume of exports of linseed oil. At the same time, Spain (+11.9%) and Italy (+11.4%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +11.9% from 2012-2022. By contrast, Germany (-7.2%) illustrated a downward trend over the same period. While the share of Belgium (+11 p.p.), Spain (+4.3 p.p.) and Italy (+1.6 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Germany (-8.4 p.p.) displayed negative dynamics.

In value terms, Belgium ($X) remains the largest linseed oil supplier in the European Union, comprising 74% of total exports. The second position in the ranking was held by Germany ($X), with an 8.4% share of total exports. It was followed by Spain, with a 6.9% share.

In Belgium, linseed oil exports expanded at an average annual rate of +4.9% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (-4.5% per year) and Spain (+12.4% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, picking up by 9.8% against the previous year. Export price indicated moderate growth 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 oil export price increased by +90.4% against 2016 indices. The growth pace was the most rapid in 2021 when the export price increased by 48%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+3.9%), while the other leaders experienced more modest paces of growth.

Linseed Oil Imports

Imports in the EU

In 2022, linseed oil imports in the European Union declined to X tons, reducing by -7.6% on the year before. Over the period under review, imports saw a noticeable decline. The most prominent rate of growth was recorded in 2021 when imports increased by 22% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, linseed oil imports expanded rapidly to $X in 2022. Total imports indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.5% 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 +93.0% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 53% against the previous year. The level of import peaked in 2022 and is likely to continue growth in years to come.

Imports by Country

In 2022, Germany (X tons), the Netherlands (X tons) and Ireland (X tons) represented the main importer of linseed oil in the European Union, mixing up 67% of total import. It was distantly followed by France (X tons), Belgium (X tons) and Spain (X tons), together committing a 19% share of total imports. Italy (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Ireland (with a CAGR of +29.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest linseed oil importing markets in the European Union were Germany ($X), the Netherlands ($X) and Ireland ($X), with a combined 65% share of total imports.

Ireland, with a CAGR of +31.5%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, growing by 19% against the previous year. Import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, linseed oil import price increased by +96.8% against 2019 indices. The pace of growth appeared the most rapid in 2020 when the import price increased by 32% against the previous year. The level of import peaked in 2022 and is likely to see gradual 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 Spain ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+7.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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