Germany: Linseed Oil Market 2024

Linseed Oil Market Size in Germany

The German linseed oil market reduced to $X in 2022, waning by -12% against the previous year. The market value increased at an average annual rate of +3.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X, and then shrank in the following year.

Linseed Oil Production in Germany

In value terms, linseed oil production dropped to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 with an increase of 17%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Linseed Oil Exports

Exports from Germany

After two years of growth, shipments abroad of linseed oil decreased by -23.1% to X tons in 2022. In general, exports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2015 with an increase of 23%. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, linseed oil exports contracted markedly to $X in 2022. Overall, exports recorded a perceptible setback. The pace of growth was the most pronounced in 2021 when exports increased by 28%. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Japan (X tons), Belgium (X tons) and the Netherlands (X tons) were the main destinations of linseed oil exports from Germany, with a combined 59% share of total exports. Italy, France, Austria, Denmark, Spain, Indonesia, Sweden, the Philippines, Poland and the UK lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2022, the biggest increases were recorded for Denmark (with a CAGR of +17.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for linseed oil exported from Germany were Japan ($X), Belgium ($X) and the Netherlands ($X), together accounting for 42% of total exports. Austria, France, Italy, Denmark, Spain, Poland, Sweden, the Philippines, Indonesia and the UK lagged somewhat behind, together accounting for a further 42%.

France, with a CAGR of +15.2%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination 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 oil export price amounted to $X per ton, dropping by -1.7% against the previous year. Overall, export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +2.9% 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 +56.6% against 2016 indices. The most prominent rate of growth was recorded in 2021 an increase of 24%. As a result, the export price attained the peak level of $X per ton, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Indonesia ($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 Poland (+12.3%), while the prices for the other major destinations experienced more modest paces of growth.

Linseed Oil Imports

Imports into Germany

Linseed oil imports into Germany fell markedly to X tons in 2022, waning by -29.2% against 2021 figures. Over the period under review, total imports indicated a mild increase from 2012 to 2022: its volume increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 39% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, linseed oil imports reduced to $X in 2022. In general, imports, however, enjoyed a buoyant increase. The growth pace was the most rapid in 2021 when imports increased by 93%. As a result, imports reached the peak of $X, and then fell in the following year.

Imports by Country

In 2022, Belgium (X tons) constituted the largest supplier of linseed oil to Germany, with a 81% share of total imports. Moreover, linseed oil imports from Belgium exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), tenfold. The Czech Republic (X tons) ranked third in terms of total imports with a 2.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Belgium totaled +1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+12.6% per year) and the Czech Republic (+27.8% per year).

In value terms, Belgium ($X) constituted the largest supplier of linseed oil to Germany, comprising 77% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 9.7% share of total imports. It was followed by Austria, with a 3.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Belgium amounted to +6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+20.0% per year) and Austria (+30.6% per year).

Import Prices by Country

In 2022, the average linseed oil import price amounted to $X per ton, increasing by 24% against the previous year. Overall, the import price enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2021 an increase of 39%. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+12.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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