Germany: Linseed Market 2024

Linseed Market Size in Germany

After three years of growth, the German linseed market decreased by -9.9% to $X in 2022. Overall, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then declined in the following year.

Linseed Production in Germany

In value terms, linseed production expanded rapidly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.8% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when the production volume increased by 25% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

In 2022, the average yield of linseed in Germany expanded notably to X tons per ha, surging by 15% on the previous year's figure. The yield figure increased at an average annual rate of +1.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 23% against the previous year. Over the period under review, the average linseed yield hit record highs at X tons per ha in 2019; however, from 2020 to 2022, the yield remained at a 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 linseed harvested area in Germany shrank to X ha, dropping by -12.5% against 2021 figures. In general, the harvested area, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the harvested area increased by 33% against the previous year. As a result, the harvested area reached the peak level of X ha, and then contracted in the following year.

Linseed Exports

Exports from Germany

For the third consecutive year, Germany recorded decline in shipments abroad of linseed, which decreased by -31.5% to X tons in 2022. In general, exports saw a pronounced decrease. The pace of growth was the most pronounced in 2015 when exports increased by 33%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, linseed exports declined significantly to $X in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 18% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then dropped notably in the following year.

Exports by Country

Austria (X tons), the Netherlands (X tons) and Belgium (X tons) were the main destinations of linseed exports from Germany, together comprising 57% of total exports. Poland, Switzerland, Italy, Denmark, France, the UK, Norway and the Czech Republic lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2022, the biggest increases were recorded for Norway (with a CAGR of +31.3%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for linseed exported from Germany were Austria ($X), the Netherlands ($X) and Belgium ($X), together comprising 55% of total exports. Poland, Switzerland, Denmark, Italy, France, the UK, Norway and the Czech Republic lagged somewhat behind, together accounting for a further 30%.

In terms of the main countries of destination, Norway, with a CAGR of +25.4%, recorded 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

The average linseed export price stood at $X per ton in 2022, surging by 18% against the previous year. In general, export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +4.8% 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 +90.6% against 2019 indices. The pace of growth appeared the most rapid in 2021 when the average export price increased by 30%. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Belgium ($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 the Czech Republic (+14.0%), while the prices for the other major destinations experienced more modest paces of growth.

Linseed Imports

Imports into Germany

In 2022, imports of linseed into Germany declined dramatically to X tons, with a decrease of -24.8% compared with the previous year's figure. Overall, imports recorded a perceptible contraction. The most prominent rate of growth was recorded in 2015 with an increase of 20%. Over the period under review, imports hit record highs 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. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 23% against the previous year. As a result, imports reached the peak of $X, and then fell in the following year.

Imports by Country

Russia (X tons), Kazakhstan (X tons) and Belgium (X tons) were the main suppliers of linseed imports to Germany, with a combined 70% share of total imports. Poland, the Netherlands, Ukraine, India, the Czech Republic and Canada lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of +46.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest linseed suppliers to Germany were Russia ($X), Kazakhstan ($X) and Belgium ($X), with a combined 61% share of total imports. Poland, India, the Netherlands, the Czech Republic, Ukraine and Canada lagged somewhat behind, together accounting for a further 27%.

In terms of the main suppliers, the Czech Republic, with a CAGR of +53.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average linseed import price stood at $X per ton in 2022, increasing by 24% against the previous year. In general, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +5.2% 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 +109.8% against 2019 indices. The pace of growth was the most pronounced in 2021 an increase of 32% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to see steady growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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