Price for Oil Seeds; Linseed, Whether or Not Broken in Belgium - 2024
Contents:
- Price for Oil Seeds; Linseed, Whether or Not Broken in Belgium (CIF) - 2024
- Price for Oil Seeds; Linseed, Whether or Not Broken in Belgium (FOB) - 2024
- Imports of Oil Seeds; Linseed, Whether or Not Broken in Belgium
- Exports of Oil Seeds; Linseed, Whether or Not Broken in Belgium
Price for Oil Seeds; Linseed, Whether or Not Broken in Belgium (CIF) - 2024
The average import price for oil seeds; linseed, whether or not brokens stood at $563 per ton in March 2024, approximately equating the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2023 when the average import price increased by 26% month-to-month. Over the period under review, average import prices hit record highs at $685 per ton in May 2023; however, from June 2023 to March 2024, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In March 2024, the country with the highest price was Kazakhstan ($605 per ton), while the price for Russia stood at $553 per ton.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by Kazakhstan (-0.3%), while the prices for the other major suppliers experienced a decline.
Price for Oil Seeds; Linseed, Whether or Not Broken in Belgium (FOB) - 2024
In March 2024, the average export price for oil seeds; linseed, whether or not brokens amounted to $1,003 per ton, rising by 2.5% against the previous month. Overall, export price indicated a mild expansion from March 2023 to March 2024: its price increased at an average monthly rate of +1.3% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2024 figures, export price for oil seeds; linseed, whether or not brokens increased by +60.2% against January 2024 indices. The most prominent rate of growth was recorded in February 2024 when the average export price increased by 56% month-to-month. Over the period under review, the average export prices hit record highs in March 2024.
Prices varied noticeably by the country of destination: the country with the highest price was Russia ($3,126 per ton), while the average price for exports to Switzerland ($674 per ton) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+2.8%), while the prices for the other major destinations experienced a decline.
Imports of Oil Seeds; Linseed, Whether or Not Broken in Belgium
In 2022, purchases abroad of oil seeds; linseed, whether or not brokens decreased by -20.2% to 402K tons, falling for the second year in a row after two years of growth. Over the period under review, imports saw a pronounced descent. The most prominent rate of growth was recorded in 2020 when imports increased by 11%. As a result, imports attained the peak of 512K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of oil seeds; linseed, whether or not brokens declined to $352M in 2022. In general, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +18.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.1% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 42%. As a result, imports attained the peak of $380M, and then declined in the following year.
| Import of Oil Seeds; Linseed, Whether or Not Broken in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 86.2 | 82.2 | 150 | 159 | 22.6% |
| Kazakhstan | 92.1 | 90.3 | 106 | 154 | 18.7% |
| France | 4.4 | 4.7 | 8.5 | 9.6 | 29.7% |
| Canada | 6.7 | 70.8 | 81.0 | 7.6 | 4.3% |
| Netherlands | 4.7 | 4.0 | 3.4 | 7.2 | 15.3% |
| Poland | 7.1 | 5.6 | 13.7 | 3.7 | -19.5% |
| Others | 7.9 | 9.5 | 17.0 | 10.2 | 8.9% |
| Total | 209 | 267 | 380 | 352 | 19.0% |
Top Suppliers of Oil Seeds; Linseed, Whether or Not Broken to Belgium in 2022:
- Russia (182.7K tons)
- Kazakhstan (174.9K tons)
- France (11.6K tons)
- Canada (11.5K tons)
- Netherlands (7.4K tons)
- Poland (4.1K tons)
Exports of Oil Seeds; Linseed, Whether or Not Broken in Belgium
In 2022, shipments abroad of oil seeds; linseed, whether or not brokens decreased by -13.3% to 146K tons, falling for the second consecutive year after two years of growth. Overall, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +9.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -13.6% against 2020 indices. The growth pace was the most rapid in 2020 when exports increased by 52% against the previous year. As a result, the exports attained the peak of 169K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of oil seeds; linseed, whether or not brokens reached $140M in 2022. In general, exports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 65% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to see gradual growth in years to come.
| Export of Oil Seeds; Linseed, Whether or Not Broken in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 14.8 | 45.4 | 62.7 | 57.2 | 56.9% |
| Netherlands | 18.4 | 21.8 | 27.7 | 30.8 | 18.7% |
| France | 9.5 | 13.1 | 16.3 | 17.0 | 21.4% |
| United Kingdom | 10.1 | 10.8 | 11.8 | 12.6 | 7.7% |
| Denmark | 2.3 | 3.1 | 4.6 | 5.6 | 34.5% |
| Portugal | 0.1 | 0.1 | 0.1 | 4.0 | 242.0% |
| Norway | 1.5 | 1.4 | 2.1 | 3.1 | 27.4% |
| Switzerland | 1.5 | 1.9 | 2.4 | 3.0 | 26.0% |
| Others | 3.6 | 4.8 | 6.5 | 6.4 | 21.1% |
| Total | 62.0 | 102 | 134 | 140 | 31.2% |
Top Export Markets for Oil Seeds; Linseed, Whether or Not Broken from Belgium in 2022:
- Germany (61.0K tons)
- Netherlands (35.7K tons)
- France (17.0K tons)
- United Kingdom (10.9K tons)
- Denmark (5.3K tons)
- Portugal (4.2K tons)
- Switzerland (3.3K tons)
- Norway (2.9K tons)
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