Norway: Linseed Market 2025

Linseed Market Size in Norway

For the third consecutive year, the Norwegian linseed market recorded growth in sales value, which increased by 18% to $X in 2022. The market value increased at an average annual rate of +3.0% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in years to come.

Linseed Exports

Exports from Norway

In 2022, the amount of linseed exported from Norway fell notably to X tons, which is down by -21.7% on the previous year. In general, exports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2017 with an increase of 99% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2021, and then dropped sharply in the following year.

In value terms, linseed exports declined slightly to $X in 2022. Overall, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2019 with an increase of 220% against the previous year. The exports peaked at $X in 2021, and then reduced in the following year.

Exports by Country

The Netherlands (X tons) and India (X tons) were the main destinations of linseed exports from Norway.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +46.7%).

In value terms, the Netherlands ($X) and India ($X) constituted the largest markets for linseed exported from Norway worldwide.

Among the main countries of destination, the Netherlands, with a CAGR of +55.5%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2022, the average linseed export price amounted to $X per ton, with an increase of 26% against the previous year. Overall, the export price continues to indicate a resilient increase. The pace of growth appeared the most rapid in 2019 an increase of 79%. The export price peaked in 2022 and is likely to see gradual growth in the near future.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to India amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+6.0%).

Linseed Imports

Imports into Norway

In 2022, imports of linseed into Norway stood at X tons, increasing by 3.3% compared with 2021. The total import volume increased at an average annual rate of +1.4% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when imports increased by 13% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in years to come.

In value terms, linseed imports soared to $X in 2022. In general, total imports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +3.7% 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 +85.4% against 2017 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 31% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in years to come.

Imports by Country

Kazakhstan (X tons), Belgium (X tons) and Russia (X tons) were the main suppliers of linseed imports to Norway, with a combined 91% 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 Kazakhstan (with a CAGR of +34.0%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Kazakhstan ($X) constituted the largest supplier of linseed to Norway, comprising 56% of total imports. The second position in the ranking was held by Belgium ($X), with a 27% share of total imports. It was followed by India, with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Kazakhstan amounted to +38.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-0.1% per year) and India (+18.9% per year).

Import Prices by Country

In 2022, the average linseed import price amounted to $X per ton, growing by 19% against the previous year. Overall, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +2.2% 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 +65.1% against 2019 indices. The pace of growth was the most pronounced in 2021 an increase of 26%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in years to come.

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 Denmark ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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