Ukraine: Linseed Market 2025

Linseed Market Size in Ukraine

In 2022, the Ukrainian linseed market decreased by -54.8% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption showed a abrupt downturn. Linseed consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Linseed Production in Ukraine

In value terms, linseed production rose modestly to $X in 2022 estimated in export price. In general, production showed a abrupt downturn. The most prominent rate of growth was recorded in 2015 with an increase of 49%. As a result, production attained the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

The average yield of linseed in Ukraine dropped to X tons per ha in 2022, which is down by -8.9% on 2021 figures. Overall, the yield, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 63% against the previous year. Over the period under review, the average linseed yield reached the peak level at X tons per ha in 2017; however, from 2018 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, approx. X ha of linseed were harvested in Ukraine; with a decrease of -24.6% against the previous year's figure. Over the period under review, the harvested area recorded a abrupt decrease. The growth pace was the most rapid in 2021 with an increase of 97%. The linseed harvested area peaked at X ha in 2016; however, from 2017 to 2022, the harvested area failed to regain momentum.

Linseed Exports

Exports from Ukraine

In 2022, approx. X tons of linseed were exported from Ukraine; shrinking by -8.3% compared with the previous year. In general, exports saw a abrupt downturn. The pace of growth appeared the most rapid in 2021 with an increase of 126% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, linseed exports fell to $X in 2022. Over the period under review, exports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 171% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Poland (X tons), Egypt (X tons) and Germany (X tons) were the main destinations of linseed exports from Ukraine, with a combined 40% share of total exports. Bulgaria, Turkey, the Czech Republic, Hungary, Belgium, Serbia, the Netherlands, Israel, Italy and South Africa lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Africa (with a CAGR of +89.6%), while the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Germany ($X) and Egypt ($X) constituted the largest markets for linseed exported from Ukraine worldwide, with a combined 42% share of total exports. Bulgaria, the Czech Republic, Hungary, the Netherlands, Turkey, Belgium, Serbia, Italy, South Africa and Israel lagged somewhat behind, together accounting for a further 35%.

Among the main countries of destination, South Africa, with a CAGR of +116.2%, recorded the highest growth rate of the value of exports, 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, remaining constant against the previous year. Over the period under review, export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, linseed export price increased by +101.0% against 2017 indices. The most prominent rate of growth was recorded in 2018 an increase of 33%. The export price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Egypt ($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 South Africa (+14.1%), while the prices for the other major destinations experienced more modest paces of growth.

Linseed Imports

Imports into Ukraine

In 2022, linseed imports into Ukraine contracted dramatically to X tons, declining by -94.6% against the year before. Overall, imports continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2018 when imports increased by 2,034% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, linseed imports declined significantly to $X in 2022. In general, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2018 with an increase of 323% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Poland (X tons), Canada (X tons) and Germany (X tons) were the main suppliers of linseed imports to Ukraine, with a combined 95% 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 Poland (with a CAGR of +493.8%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Canada ($X), Poland ($X) and Germany ($X) were the largest linseed suppliers to Ukraine, with a combined 94% share of total imports.

Among the main suppliers, Poland, with a CAGR of +407.8%, 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 more modest paces of growth.

Import Prices by Country

In 2022, the average linseed import price amounted to $X per ton, surging by 132% against the previous year. Over the period under review, the import price enjoyed a pronounced expansion. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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 Germany ($X per ton), while the price for Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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