Greece: Linseed Market 2025

Linseed Market Size in Greece

In 2022, after two years of growth, there was significant decline in the Greek linseed market, when its value decreased by -11.4% to $X. In general, consumption, however, posted resilient growth. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Linseed Production in Greece

In value terms, linseed production shrank to $X in 2022 estimated in export price. In general, production continues to indicate a abrupt downturn. The pace of growth was the most pronounced in 2021 with an increase of 16%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

The average yield of linseed in Greece declined to X tons per ha in 2022, with a decrease of -11.1% on the year before. In general, the yield, however, continues to indicate a slight increase. The pace of growth was the most pronounced in 2021 with an increase of 35%. 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.

The linseed harvested area in Greece contracted to X ha in 2022, which is down by -12.5% on the previous year's figure. Overall, the harvested area continues to indicate a perceptible descent. The pace of growth was the most pronounced in 2021 with an increase of 33% against the previous year. As a result, the harvested area reached the peak level of X ha, and then reduced in the following year.

Linseed Exports

Exports from Greece

In 2022, shipments abroad of linseed decreased by -19% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 396% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then declined dramatically in the following year.

In value terms, linseed exports contracted sharply to $X in 2022. Overall, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 298% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then contracted notably in the following year.

Exports by Country

Romania (X tons), Cyprus (X tons) and Albania (X tons) were the main destinations of linseed exports from Greece, together comprising 85% of total exports.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +123.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for linseed exported from Greece were Cyprus ($X), Romania ($X) and Albania ($X), together accounting for 84% of total exports.

Among the main countries of destination, Romania, with a CAGR of +113.0%, saw the highest rates of growth with regard to 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, with an increase of 3.2% against the previous year. Overall, the export price, however, showed a deep setback. The pace of growth appeared the most rapid in 2021 an increase of 27% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Cyprus ($X per ton) and Albania ($X per ton), while the average price for exports to Italy ($X per ton) and Malta ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malta (+19.2%), while the prices for the other major destinations experienced more modest paces of growth.

Linseed Imports

Imports into Greece

In 2022, the amount of linseed imported into Greece shrank markedly to X tons, waning by -18.3% compared with 2021. Overall, imports, however, recorded a remarkable increase. The growth pace was the most rapid in 2013 when imports increased by 2,858% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, linseed imports reduced to $X in 2022. In general, imports, however, enjoyed a resilient expansion. The growth pace was the most rapid in 2013 with an increase of 1,847% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Poland (X tons), Ukraine (X tons) and India (X tons) were the main suppliers of linseed imports to Greece, with a combined 74% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +66.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), India ($X) and Ukraine ($X) appeared to be the largest linseed suppliers to Greece, with a combined 70% share of total imports.

In terms of the main suppliers, Poland, with a CAGR of +75.0%, recorded 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, growing by 14% against the previous year. Over the period under review, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +3.3% 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 +80.8% against 2016 indices. The pace of growth was the most pronounced in 2014 an increase of 62% against the previous year. The import price peaked 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 India ($X per ton), while the price for Germany ($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 (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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