Germany - Linseed Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingDramatic Decline in Germany's Linseed Oil Imports, Dropping to $35M in 2023
Germany Linseed Oil Imports
In 2023, the amount of linseed oil imported into Germany declined rapidly to 21K tons, which is down by -21.1% against 2022 figures. In general, imports recorded a pronounced downturn. The pace of growth was the most pronounced in 2014 when imports increased by 39% against the previous year. Over the period under review, imports reached the peak figure at 38K tons in 2015; however, from 2016 to 2023, imports failed to regain momentum.
In value terms, linseed oil imports fell markedly to $35M (IndexBox estimates) in 2023. Overall, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 93% against the previous year. As a result, imports attained the peak of $56M. From 2022 to 2023, the growth of imports failed to regain momentum.
| COUNTRY | Import Value of Linseed Oil in Germany (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| Belgium | 25.6 | 36.9 | 34.8 | 22.8 | 20.0 | 19.2 | 15.2 | 18.8 | 42.6 | 42.8 | 26.9 |
| Netherlands | 0.6 | 0.4 | 0.6 | 1.2 | 1.3 | 1.6 | 1.9 | 3.1 | 5.2 | 5.0 | 3.0 |
| France | 0.7 | 1.2 | 0.9 | 1.3 | 1.1 | 1.9 | 2.5 | 3.5 | 3.0 | 1.9 | 2.3 |
| Austria | 0.1 | 0.2 | 0.3 | 0.3 | 0.6 | 1.2 | 1.3 | 1.3 | 1.4 | 1.8 | 1.5 |
| Czech Republic | N/A | 0.1 | 0.4 | 0.4 | 0.6 | 0.7 | 0.9 | 0.7 | 1.1 | 1.5 | 0.8 |
| Poland | 1.9 | N/A | N/A | N/A | N/A | 1.1 | 1.5 | 0.7 | 1.9 | 0.4 | 0.1 |
| United States | 4.3 | 4.7 | 4.3 | 4.9 | 3.2 | 2.9 | 2.5 | N/A | N/A | N/A | N/A |
| Others | 0.6 | 0.9 | 0.9 | 1.0 | 0.9 | 1.2 | 0.7 | 0.9 | 0.8 | 0.5 | 0.2 |
| Total | 33.8 | 44.4 | 42.2 | 31.9 | 27.7 | 29.9 | 26.6 | 29.1 | 56.0 | 53.8 | 34.8 |
Imports by Country
In 2023, Belgium (18K tons) constituted the largest linseed oil supplier to Germany, accounting for a 87% share of total imports. Moreover, linseed oil imports from Belgium exceeded the figures recorded by the second-largest supplier, the Netherlands (1.2K tons), more than tenfold. Austria (507 tons) ranked third in terms of total imports with a 2.4% share.
From 2013 to 2023, the average annual growth rate of volume from Belgium totaled -1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+8.3% per year) and Austria (+33.6% per year).
In value terms, Belgium ($27M) constituted the largest supplier of linseed oil to Germany, comprising 77% of total imports. The second position in the ranking was taken by the Netherlands ($3M), with an 8.5% share of total imports. It was followed by France, with a 6.7% share.
From 2013 to 2023, the average annual rate of growth in terms of value from Belgium was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+17.9% per year) and France (+12.3% per year).
Imports by Type
Vegetable oils; linseed oil and its fractions, other than crude, whether or not refined, but not chemically modified (13K tons) and vegetable oils; linseed oil and its fractions, crude, not chemically modified (7.7K tons) were the main products of linseed oil imports to Germany.
From 2013 to 2023, the most notable rate of growth in terms of purchases, amongst the major product types, was attained by vegetable oils; linseed oil and its fractions, other than crude, whether or not refined, but not chemically modified (with a CAGR of +1.5%).
In value terms, linseed oil with the largest imports in Germany were vegetable oils; linseed oil and its fractions, other than crude, whether or not refined, but not chemically modified ($23M) and vegetable oils; linseed oil and its fractions, crude, not chemically modified ($12M).
Import Prices by Country
In 2023, the linseed oil price stood at $1,659 per ton (CIF, Germany), reducing by -18% against the previous year. Over the period under review, the import price, however, posted a noticeable expansion. The pace of growth appeared the most rapid in 2021 an increase of 40%. Over the period under review, average import prices attained the peak figure at $2,022 per ton in 2022, and then contracted notably in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the United States ($10,514 per ton), while the price for Belgium ($1,465 per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was attained by the United States (+22.1%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the linseed oil market in Germany. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 334 - Oil of Linseed
Country coverage:
- Germany
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Germany
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
