Spain: Linseed Market 2025

Linseed Market Size in Spain

For the fourth year in a row, the Spanish linseed market recorded growth in sales value, which increased by 22% to $X in 2022. Over the period under review, consumption posted prominent growth. Linseed consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Linseed Production in Spain

In value terms, linseed production soared to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 145% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

The average yield of linseed in Spain expanded notably to X tons per ha in 2022, surging by 8.5% on the previous year's figure. Over the period under review, the yield, however, showed a noticeable contraction. The most prominent rate of growth was recorded in 2020 when the yield increased by 137%. As a result, the yield attained the peak level of X tons per ha. From 2021 to 2022, the growth of the average linseed yield remained at a lower figure. 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 Spain fell sharply to X ha in 2022, which is down by -47.4% on the previous year's figure. Overall, the harvested area, however, saw significant growth. The pace of growth was the most pronounced in 2021 with an increase of 1,789% against the previous year. As a result, the harvested area reached the peak level of X ha, and then contracted notably in the following year.

Linseed Exports

Exports from Spain

In 2022, shipments abroad of linseed increased by 1.5% to X tons, rising for the second year in a row after two years of decline. Overall, exports saw a significant expansion. The pace of growth was the most pronounced in 2018 with an increase of 141% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, linseed exports totaled $X in 2022. Over the period under review, exports recorded a buoyant increase. The pace of growth was the most pronounced in 2017 with an increase of 94% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Portugal (X tons) was the main destination for linseed exports from Spain, accounting for a 83% share of total exports. Moreover, linseed exports to Portugal exceeded the volume sent to the second major destination, Algeria (X tons), more than tenfold. The third position in this ranking was held by France (X tons), with a 4.3% share.

From 2012 to 2022, the average annual growth rate of volume to Portugal totaled +26.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Algeria (-6.0% per year) and France (+44.7% per year).

In value terms, Portugal ($X) remains the key foreign market for linseed exports from Spain, comprising 64% of total exports. The second position in the ranking was taken by France ($X), with an 18% share of total exports. It was followed by Algeria, with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Portugal amounted to +18.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+51.7% per year) and Algeria (+0.5% per year).

Export Prices by Country

In 2022, the average linseed export price amounted to $X per ton, therefore, remained relatively stable against the previous year. Overall, the export price showed a deep setback. The growth pace was the most rapid in 2019 when the average export price increased by 52%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Portugal ($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 Algeria (+6.9%), while the prices for the other major destinations experienced mixed trend patterns.

Linseed Imports

Imports into Spain

For the seventh year in a row, Spain recorded growth in supplies from abroad of linseed, which increased by 11% to X tons in 2022. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +6.3% 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 +91.4% against 2013 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 15%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, linseed imports soared to $X in 2022. In general, imports posted a remarkable increase. The most prominent rate of growth was recorded in 2021 when imports increased by 28%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

Poland (X tons), the Netherlands (X tons) and France (X tons) were the main suppliers of linseed imports to Spain, with a combined 64% share of total imports. Belgium, Portugal, Ukraine, Greece, Germany and Canada lagged somewhat behind, together comprising a further 30%.

From 2012 to 2022, the biggest increases were recorded for Greece (with a CAGR of +129.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest linseed suppliers to Spain were Poland ($X), the Netherlands ($X) and France ($X), with a combined 61% share of total imports. Belgium, Greece, Germany, Ukraine, Portugal and Canada lagged somewhat behind, together comprising a further 25%.

Greece, with a CAGR of +127.1%, recorded the highest growth rate of the value of imports, among the main suppliers 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 14% against the previous year. Over the last decade, it increased at an average annual rate of +3.3%. The most prominent rate of growth was recorded in 2013 an increase of 18% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see steady growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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