Slovakia: Linseed Market 2025

Linseed Market Size in Slovakia

In 2022, the Slovak linseed market increased by 24% to $X, rising for the second year in a row after four years of decline. In general, consumption saw a relatively flat trend pattern. Linseed consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Linseed Production in Slovakia

In value terms, linseed production fell to $X in 2022 estimated in export price. In general, production recorded a abrupt contraction. The most prominent rate of growth was recorded in 2016 when the production volume increased by 19%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

The average yield of linseed in Slovakia expanded rapidly to X ton per ha in 2022, growing by 5.8% on the previous year's figure. Over the period under review, the yield, however, saw a slight decrease. The growth pace was the most rapid in 2018 when the yield increased by 17% against the previous year. Over the period under review, the average linseed yield attained the peak level at X tons per ha in 2016; however, from 2017 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.

The linseed harvested area in Slovakia shrank remarkably to X ha in 2022, with a decrease of -27.1% compared with 2021. Over the period under review, the harvested area saw a pronounced descent. The growth pace was the most rapid in 2021 with an increase of 118%. The linseed harvested area peaked at X ha in 2016; however, from 2017 to 2022, the harvested area stood at a somewhat lower figure.

Linseed Exports

Exports from Slovakia

Linseed exports from Slovakia declined rapidly to X tons in 2022, with a decrease of -61.1% against the year before. Over the period under review, exports showed a abrupt decline. The pace of growth was the most pronounced in 2016 when exports increased by 243% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, linseed exports shrank dramatically to $X in 2022. In general, exports recorded a deep setback. The pace of growth appeared the most rapid in 2016 when exports increased by 199% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Hungary (X tons), Austria (X tons) and Italy (X tons) were the main destinations of linseed exports from Slovakia, with a combined 76% share of total exports. Romania, the Czech Republic, Switzerland, Croatia, Germany and Poland lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +72.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Hungary ($X), Austria ($X) and Romania ($X) constituted the largest markets for linseed exported from Slovakia worldwide, with a combined 68% share of total exports.

Romania, with a CAGR of +65.3%, saw 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

The average linseed export price stood at $X per ton in 2022, increasing by 14% against the previous year. Over the period under review, the export price, however, saw a noticeable decrease. The pace of growth was the most pronounced in 2020 an increase of 28%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to Austria ($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 Switzerland (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.

Linseed Imports

Imports into Slovakia

In 2022, approx. X tons of linseed were imported into Slovakia; dropping by -24.3% compared with the previous year. In general, imports recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2016 with an increase of 84%. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, linseed imports declined notably to $X in 2022. Overall, imports, however, saw a modest expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 109%. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

Belgium (X tons), Germany (X tons) and Kazakhstan (X tons) were the main suppliers of linseed imports to Slovakia, with a combined 55% share of total imports. The Czech Republic, Russia, Poland, Hungary and Ukraine lagged somewhat behind, together accounting for a further 43%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (with a CAGR of +41.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Belgium ($X) and Hungary ($X) constituted the largest linseed suppliers to Slovakia, together accounting for 54% of total imports.

Among the main suppliers, Hungary, with a CAGR of +58.1%, 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, picking up by 12% against the previous year. Over the period under review, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +3.9% 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 +113.6% against 2017 indices. The growth pace was the most rapid in 2021 an increase of 44%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see gradual growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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