Scandinavia: Linseed Market 2025

Linseed Market Size in Scandinavia

In 2022, the Scandinavia linseed market increased by 1.8% to $X, rising for the fourth consecutive year after four years of decline. Over the period under review, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Linseed Production in Scandinavia

In value terms, linseed production totaled $X in 2022 estimated in export price. Over the period under review, production recorded a abrupt descent. The most prominent rate of growth was recorded in 2014 when the production volume increased by 42% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

The country with the largest volume of linseed production was Sweden (X tons), accounting for 92% of total volume. Moreover, linseed production in Sweden exceeded the figures recorded by the second-largest producer, Finland (X tons), more than tenfold.

In Sweden, linseed production decreased by an average annual rate of -14.5% over the period from 2012-2022.

The average linseed yield rose slightly to X tons per ha in 2022, with an increase of 1.6% compared with 2021. Overall, the yield, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2017 when the yield increased by 68%. As a result, the yield reached the peak level of X tons per ha. From 2018 to 2022, the growth of the linseed yield remained at a somewhat 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, approx. X ha of linseed were harvested in Scandinavia; with a decrease of -17.4% against 2021 figures. Overall, the harvested area saw a drastic downturn. The growth pace was the most rapid in 2021 with an increase of 53%. The level of harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

Linseed Exports

Exports in Scandinavia

In 2022, shipments abroad of linseed decreased by -7.8% to X tons, falling for the fifth year in a row after three years of growth. Overall, exports faced a precipitous setback. The growth pace was the most rapid in 2016 with an increase of 101% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, linseed exports stood at $X in 2022. Over the period under review, exports saw a significant decrease. The pace of growth appeared the most rapid in 2016 with an increase of 46%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Sweden (X tons) was the major exporter of linseed, creating 83% of total exports. It was distantly followed by Finland (X tons) and Norway (X tons), together generating a 17% share of total exports.

Exports from Sweden decreased at an average annual rate of -27.9% from 2012 to 2022. At the same time, Norway (+29.0%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +29.0% from 2012-2022. By contrast, Finland (-16.1%) illustrated a downward trend over the same period. Finland (+8.9 p.p.) and Norway (+5 p.p.) significantly strengthened its position in terms of the total exports, while Sweden saw its share reduced by -13.9% from 2012 to 2022, respectively.

In value terms, Sweden ($X) remains the largest linseed supplier in Scandinavia, comprising 76% of total exports. The second position in the ranking was taken by Finland ($X), with a 15% share of total exports.

In Sweden, linseed exports declined by an average annual rate of -25.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Finland (-14.2% per year) and Norway (+40.1% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2022, surging by 8.5% against the previous year. Overall, the export price recorded noticeable growth. The most prominent rate of growth was recorded in 2020 an increase of 26%. Over the period under review, the export prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Norway ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+8.6%), while the other leaders experienced more modest paces of growth.

Linseed Imports

Imports in Scandinavia

In 2022, approx. X tons of linseed were imported in Scandinavia; reducing by -13.4% against the previous year's figure. Over the period under review, imports continue to indicate a perceptible setback. The pace of growth was the most pronounced in 2021 with an increase of 18%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, linseed imports expanded notably to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 39% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, Norway (X tons) was the major importer of linseed, mixing up 63% of total imports. It was distantly followed by Sweden (X tons) and Finland (X tons), together achieving a 37% share of total imports.

Norway was also the fastest-growing in terms of the linseed imports, with a CAGR of +1.4% from 2012 to 2022. Sweden (-5.6%) and Finland (-9.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Norway increased by +21 percentage points.

In value terms, Norway ($X), Sweden ($X) and Finland ($X) were the countries with the highest levels of imports in 2022.

Among the main importing countries, Norway, with a CAGR of +3.7%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per ton, growing by 25% against the previous year. Over the last decade, it increased at an average annual rate of +3.3%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Sweden ($X per ton), while Norway ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+5.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform