Denmark: Linseed Oil Market 2024

Linseed Oil Market Size in Denmark

The Danish linseed oil market declined to $X in 2022, with a decrease of X% against the previous year. In general, consumption continues to indicate a pronounced decline. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Linseed Oil Production in Denmark

In value terms, linseed oil production reached $X in 2022 estimated in export price. In general, production, however, continues to indicate a perceptible decrease. The growth pace was the most rapid in 2018 with an increase of X%. Linseed oil production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

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Linseed Oil Exports

Exports from Denmark

In 2022, overseas shipments of linseed oil were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, linseed oil exports soared to $X in 2022. Over the period under review, exports, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Sweden (X tons) was the main destination for linseed oil exports from Denmark, with a X% share of total exports. Moreover, linseed oil exports to Sweden exceeded the volume sent to the second major destination, Norway (X tons), twofold. The third position in this ranking was held by Finland (X kg), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Sweden totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (X% per year) and Finland (X% per year).

In value terms, Sweden ($X), Norway ($X) and Finland ($X) constituted the largest markets for linseed oil exported from Denmark worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, Finland, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average linseed oil export price amounted to $X per ton, leveling off at the previous year. Overall, export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, linseed oil export price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Sweden ($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 Norway (X%), while the prices for the other major destinations experienced mixed trend patterns.

Linseed Oil Imports

Imports into Denmark

After two years of growth, purchases abroad of linseed oil decreased by X% to X tons in 2022. In general, imports showed a slight downturn. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Imports peaked at X tons in 2021, and then shrank sharply in the following year.

In value terms, linseed oil imports reduced markedly to $X in 2022. Over the period under review, imports, however, showed a tangible increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then dropped sharply in the following year.

Imports by Country

Germany (X tons), Belgium (X tons) and Sweden (X tons) were the main suppliers of linseed oil imports to Denmark, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest linseed oil suppliers to Denmark were Germany ($X), Belgium ($X) and Sweden ($X), together accounting for X% of total imports.

In terms of the main suppliers, Sweden, with a CAGR of X%, 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 mixed trend patterns.

Import Prices by Country

The average linseed oil import price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the import price recorded a pronounced increase. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sweden ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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