Linseed oil and fractions market in Eastern Europe (including Northern Asia)

Earlier Report Observations

Between 2018 and 2023, the linseed oil market volume in Eastern Europe experienced significant fluctuations, starting at 41.3 thousand tons in 2018 before dropping sharply to 26.3 thousand tons in 2019. This decline was primarily driven by a more than doubling of exports, which reached 35.5 thousand tons in 2019, stimulated by the ongoing expansion of flax cultivation areas and production capacity, as well as growing international demand for healthy food products.

The market stabilized around 24.2 thousand tons in 2020, with the COVID-19 pandemic affecting logistics but leaving the sector resilient. A recovery to 31.4 thousand tons occurred by 2022, supported by internal production investments incentivized by the European Union's decision in 2022 to impose future tariffs on oilseed flax imports. However, the market volume contracted again to 26 thousand tons in 2023 due to a 5% drop in industrial production and continued strong export growth to alternative destinations like China and Arab countries, facilitated by the development of new trade channels.

Production linseed oil and fractions in Eastern Europe (including Northern Asia)

In kind, 2017-2020, t

Top producers of linseed oil and fractions, 2017-2020

World map of production of linseed oil and fractions, 2017-2020

Linseed oil and fractions production in Eastern Europe (including Northern Asia) has increased for the third consecutive year. In 2020, production reached 57 167 tonnes, remaining broadly stable compared to 2019. Over the period from 2017 to 2020, production grew by 46.6%, which translates to an annualized growth rate of 13.6%.

Annual dynamics of production in Eastern Europe (including Northern Asia) in kind, 2017-2020, t

In value, 2017-2020, K $ US

Linseed oil and fractions production in Eastern Europe (including Northern Asia) has risen for the third year in a row. In 2020, the output was valued at 57 266 thousand US dollars, marking a 5.2% increase from 2019. From 2017 to 2020, production expanded by 47.1%, with a compound annual growth rate of 13.7%.

Annual dynamics of production in Eastern Europe (including Northern Asia) in value, 2017-2020, K $ US

Exports linseed oil and fractions from Eastern Europe (including Northern Asia)

Exports in kind, t

Exported volumes of linseed oil and fractions from Eastern Europe (including Northern Asia) have grown for the third consecutive year. In 2020, exports stood at 35 830 tonnes, reflecting a slight rise of 1.0% compared to the previous year. Between 2017 and 2020, exports surged by 220.2%, equating to an annualized rate of 47.4%.

Annual dynamics of product's exports from Eastern Europe (including Northern Asia) in kind, 2017-2020, t

From 2017 to 2020, China, Norway, and Germany were the primary markets for exports in kind, accounting for 44.9%, 26.3%, and 7.4% of total exports, respectively. Together, these three countries represented 78.6% of all export flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Eastern Europe (including Northern Asia) in kind, 2017-2020

Exports in value, K $ US

Linseed oil and fractions deliveries from Eastern Europe (including Northern Asia) have increased for the third year in a row. In 2020, exports totaled 35 892 thousand US dollars, showing a gain of 6.1% over the past year. Between 2017 and 2020, exports jumped by 221.3%, with an annualized growth rate of 47.6%.

Annual dynamics of product's exports from Eastern Europe (including Northern Asia) in value, 2017-2020, K $ US

During 2017–2020, China, Norway, and Germany remained the principal buyers in value terms, representing 42.8%, 24.1%, and 7.2% of total exports, respectively. Collectively, these three markets accounted for 74.2% of all export value.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Eastern Europe (including Northern Asia) in value, 2017-2020

Imports linseed oil and fractions to Eastern Europe (including Northern Asia)

Imports in kind, t

After two years of growth, imported volumes of linseed oil and fractions into Eastern Europe (including Northern Asia) declined. In 2020, imports amounted to 2 896 tonnes, showing a fall of 37.9% compared to 2019. The peak was recorded in 2019 at 4 660 tonnes, which also saw the largest increase of 20.7%. Over the period from 2017 to 2020, imports decreased by 23.4%, equating to an annualized decline of 8.5%.

Annual dynamics of product's imports to Eastern Europe (including Northern Asia) in kind, 2017-2020, t

From 2017 to 2020, linseed oil and fractions were imported into Eastern Europe (including Northern Asia) from various markets. The largest destinations—Germany, Belgium, and Europe, not elsewhere specified—together represented only 44.1% of total imports in kind.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Eastern Europe (including Northern Asia) in kind, 2017-2020

Imports in value, K $ US

Following a two-year gain, Eastern Europe (including Northern Asia)'s imports of linseed oil and fractions declined. In 2020, imports were valued at 5 933 thousand US dollars, representing a sharp decline of 36.2% compared to 2019. The maximum value was recorded in 2019 at 9 307 thousand US dollars, which also experienced the largest increase of 11.6%. Between 2017 and 2020, imports fell by 26.6%, with an annualized decrease of 9.8%.

Annual dynamics of product's imports to Eastern Europe (including Northern Asia) in value, 2017-2020, K $ US

In 2017–2020, Germany, Belgium, and Europe, not elsewhere specified continued to be the main suppliers in value terms, accounting for 30.3%, 11.1%, and 10.1% of total imports, respectively. Together, these three sources formed 51.5% of all import value.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Eastern Europe (including Northern Asia) in value, 2017-2020