Poland: Linseed Market 2024

Linseed Market Size in Poland

In 2022, after three years of growth, there was decline in the Polish linseed market, when its value decreased by -2.8% to $X. Overall, consumption, however, enjoyed a resilient increase. Over the period under review, the market reached the peak level at $X in 2021, and then reduced slightly in the following year.

Linseed Production in Poland

In value terms, linseed production expanded rapidly to $X in 2022 estimated in export price. In general, production posted a strong expansion. The growth pace was the most rapid in 2020 when the production volume increased by 82%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

The average yield of linseed in Poland declined to X tons per ha in 2022, with a decrease of -5.4% on 2021 figures. Over the period under review, the yield, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 36%. Over the period under review, the average linseed yield attained the peak level at X tons per ha in 2014; however, from 2015 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of linseed production in Poland soared to X ha, increasing by 27% on the previous year. In general, the harvested area recorded a buoyant increase. The most prominent rate of growth was recorded in 2015 when the harvested area increased by 89% against the previous year. Over the period under review, the harvested area dedicated to linseed production reached the peak figure at X ha in 2016; however, from 2017 to 2022, the harvested area stood at a somewhat lower figure.

Linseed Exports

Exports from Poland

Linseed exports from Poland reduced dramatically to X tons in 2022, declining by -23.5% compared with the year before. In general, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 114%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, linseed exports declined to $X in 2022. Over the period under review, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 103%. The exports peaked at $X in 2021, and then shrank in the following year.

Exports by Country

Germany (X tons) was the main destination for linseed exports from Poland, accounting for a 37% share of total exports. Moreover, linseed exports to Germany exceeded the volume sent to the second major destination, Italy (X tons), twofold. Belgium (X tons) ranked third in terms of total exports with a 7.4% share.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at +34.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+69.8% per year) and Belgium (+46.3% per year).

In value terms, Germany ($X) remains the key foreign market for linseed exports from Poland, comprising 39% of total exports. The second position in the ranking was held by Italy ($X), with an 11% share of total exports. It was followed by the Netherlands, with an 8.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany stood at +39.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+72.4% per year) and the Netherlands (+65.6% per year).

Export Prices by Country

The average linseed export price stood at $X per ton in 2022, increasing by 22% against the previous year. Over the period under review, the export price posted notable growth. The pace of growth was the most pronounced in 2021 when the average export price increased by 34% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Italy ($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 Netherlands (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.

Linseed Imports

Imports into Poland

In 2022, the amount of linseed imported into Poland reduced remarkably to X tons, declining by -19.9% against 2021 figures. In general, imports, however, enjoyed strong growth. The growth pace was the most rapid in 2017 with an increase of 65% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, linseed imports dropped markedly to $X in 2022. Over the period under review, imports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2013 with an increase of 70% against the previous year. Imports peaked at $X in 2021, and then fell markedly in the following year.

Imports by Country

In 2022, Kazakhstan (X tons) constituted the largest supplier of linseed to Poland, accounting for a 64% share of total imports. Moreover, linseed imports from Kazakhstan exceeded the figures recorded by the second-largest supplier, Russia (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume from Kazakhstan amounted to +26.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+37.4% per year) and Ukraine (-1.1% per year).

In value terms, Kazakhstan ($X) constituted the largest supplier of linseed to Poland, comprising 64% of total imports. The second position in the ranking was taken by Russia ($X), with a 25% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Kazakhstan amounted to +31.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+40.2% per year) and Ukraine (+4.3% per year).

Import Prices by Country

In 2022, the average linseed import price amounted to $X per ton, picking up by 5.1% against the previous year. Over the period under review, the import price saw a temperate increase. The most prominent rate of growth was recorded in 2021 an increase of 42%. The import price peaked in 2022 and is likely to see steady growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Ukraine ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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