Market research

Linseed oil and fractions market in Finland

$Linseed oil and fractions market in Finland$

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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Earlier Report Observations

The Finnish market for linseed oil and fractions expanded consistently from 2018 to 2023, with total volume rising from 286 tons to 561 tons. The most pronounced growth occurred in 2019, when market size increased by 48% to 424 tons.

This growth was underpinned by a more than doubling of domestic production, which climbed from 243 tons in 2018 to 525 tons in 2023. Imports initially rose to a peak of 118 tons in 2020 before receding, while exports also fell sharply after 2020, resulting in a greater net volume available domestically.

Following a plateau in 2020, the market resumed its upward trend, adding nearly 100 tons over the next two years to reach a record 561 tons in 2023.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Finland
  1. 5.1.1. Annual dynamics of production in Finland in kind, 2018-2023, t
  2. 5.1.2. Annual dynamics of production in Finland in value, 2018-2023, $ US
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, t
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, t
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Imports
1. 6.1. Imports (Direct Data)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, t
    1. 6.1.2.1. Annual dynamics of product's imports to Finland in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Finland by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Finland in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Finland by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/kg
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Finland, 2018-2024, $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's imports to Finland by countries, 2018-2024, $ US/kg
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, t
    1. 6.2.2.1. Annual dynamics of product's imports to Finland in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Finland by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Finland in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Finland by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/kg
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Finland, 2018-2024, $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's imports to Finland by countries, 2018-2024, $ US/kg
7. Exports
1. 7.1. Exports (Direct Data)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, t
    1. 7.1.2.1. Annual dynamics of product's exports from Finland in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's exports in kind from Finland by countries, 2018-2024, t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Finland in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Finland by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's exports, $ US/kg
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Finland, 2018-2024, $ US/kg
    2. 7.1.4.2. Dynamics of average price of product's exports from Finland by countries, 2018-2024, $ US/kg
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, t
    1. 7.2.2.1. Annual dynamics of product's exports from Finland in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's exports in kind from Finland by countries, 2018-2024, t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Finland in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Finland by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's exports, $ US/kg
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Finland, 2018-2024, $ US/kg
    2. 7.2.4.2. Dynamics of average price of product's exports from Finland by countries, 2018-2024, $ US/kg
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production linseed oil and fractions in Finland

In kind, 2017-2020, t

Top producers of linseed oil and fractions, 2017-2020

Source: SHEV.io

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

Source: SHEV.io

Finland's production of linseed oil and fractions has increased for the third consecutive year. In 2020, the country produced 380.7 t of linseed oil and fractions, marking a 3.9% year-over-year increase. From 2017 to 2020, production grew by 61.5%, which translates to an annualized growth rate of 17.3%.

Annual dynamics of production in Finland in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	2.9%	51.0%	3.9%	17.3%

Source: SHEV.io

In value, 2017-2020, K $ US

Finland's production of linseed oil and fractions has risen for the third year in a row. In 2020, the output was valued at 539.9 K $ US, showing a slight gain of 1.4% compared to 2019. Over the period from 2017 to 2020, production increased by 76.4%, with a compound annual growth rate of 20.8%.

Annual dynamics of production in Finland in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	3.5%	68.1%	1.4%	20.8%

Source: SHEV.io

Exports linseed oil and fractions from Finland

Exports in kind, t

The market exhibited volatility during these years. Exports reached their lowest point in 2018 and peaked in 2020, with a 3.7-fold difference between these years. In 2020, Finland exported 74.3 t of linseed oil and fractions, which is 142.8% higher than the previous year. The minimum volume was recorded in 2018 at 19.9 t, and the largest decline occurred in 2018, at 61.3%.

Annual dynamics of product's exports from Finland in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(61.3%)	54.0%	142.8%	13.1%

Source: SHEV.io

From 2017 to 2020, Russia remained the nearly exclusive buyer of linseed oil and fractions from Finland, accounting for 98.4% of total exports in kind.

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

Source: SHEV.io

World map of product's exports from Finland in kind, 2017-2020

Source: SHEV.io

Exports in value, K $ US

The market showed signs of volatility over the observed period. Exports hit their lowest point in 2018 and peaked in 2020, with a 4.1-fold swing. In 2020, linseed oil and fractions exports from Finland amounted to 105.4 K $ US, reflecting a gain of 136.9% from 2019. The minimum value was recorded in 2018 at 26.0 K $ US, and the largest decline was in 2018, at 61.1%.

Annual dynamics of product's exports from Finland in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(61.1%)	71.4%	136.9%	16.5%

Source: SHEV.io

Throughout 2017 to 2020, Russia remained the almost exclusive buyer of linseed oil and fractions from Finland, with a share of 92.1% of total exports in value terms.

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

Source: SHEV.io

World map of product's exports from Finland in value, 2017-2020

Source: SHEV.io

Imports linseed oil and fractions to Finland

Imports in kind, t

Finland's volume of linseed oil and fractions imports has increased for the second consecutive year. In 2020, import volume totaled 118.4 t, up by 34.3% compared to the previous year. Over the period from 2017 to 2020, imports grew by 12.3%, with a compound annual growth rate of 3.9%. The minimum volume was recorded in 2018 at 63.2 t, with the largest decline in 2018 at 40.0% and the largest increase in 2019 at 39.4%.

Annual dynamics of product's imports to Finland in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(40.0%)	39.4%	34.3%	3.9%

Source: SHEV.io

From 2017 to 2020, Belgium was the primary source for imports in kind, accounting for 70.6% of total flows, while other markets formed a long tail of smaller partners.

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

Source: SHEV.io

World map of product's imports to Finland in kind, 2017-2020

Source: SHEV.io

Imports in value, K $ US

Finland's imports of linseed oil and fractions have increased for the second consecutive year. In 2020, a total of value_last_year K $ US of linseed oil and fractions was imported by Finland, which is 61.7% more than the prior year. Over the period from 2017 to 2020, imports rose by 25.7%, with a compound annual growth rate of 7.9%. The minimum value was recorded in 2018 at 85.9 K $ US, and the largest decline was in 2018 at 37.2%.

Annual dynamics of product's imports to Finland in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(37.2%)	23.8%	61.7%	7.9%

Source: SHEV.io

Throughout 2017 to 2020, Belgium and the Netherlands remained the principal sources for imports in value terms, jointly taking 84.4% of total flows; other partners each accounted for significantly smaller shares.

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

Source: SHEV.io

World map of product's imports to Finland in value, 2017-2020

Source: SHEV.io