Romania: Linseed Oil Market 2024

Linseed Oil Market Size in Romania

The Romanian linseed oil market skyrocketed to $X in 2022, rising by X% against the previous year. Overall, consumption, however, recorded a pronounced reduction. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Linseed Oil Production in Romania

In value terms, linseed oil production reached $X in 2022 estimated in export price. In general, the total production indicated prominent growth from 2012 to 2022: its value 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Linseed Oil Exports

Exports from Romania

In 2022, exports of linseed oil from Romania soared to X tons, picking up by X% compared with 2021. Over the period under review, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, linseed oil exports surged to $X in 2022. Overall, exports showed a significant expansion. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Italy (X tons), Bulgaria (X tons) and Switzerland (X tons) were the main destinations of linseed oil exports from Romania, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Bulgaria (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Switzerland ($X) and Bulgaria ($X) were the largest markets for linseed oil exported from Romania worldwide, with a combined X% share of total exports. France lagged somewhat behind, comprising a further X%.

In terms of the main countries of destination, France, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average linseed oil export price stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period under review, the export price recorded a slight contraction. The most prominent rate of growth was recorded in 2015 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a lower figure.

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

Linseed Oil Imports

Imports into Romania

In 2022, linseed oil imports into Romania skyrocketed to X tons, picking up by X% compared with the previous year's figure. Over the period under review, imports, however, saw a deep downturn. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, linseed oil imports fell to $X in 2022. In general, imports, however, continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Belgium (X tons), Germany (X tons) and the Netherlands (X tons) were the main suppliers of linseed oil imports to Romania, with a combined X% share of total imports. Italy, Syrian Arab Republic, Ukraine and Croatia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Syrian Arab Republic (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest linseed oil suppliers to Romania were Germany ($X), the Netherlands ($X) and Belgium ($X), together comprising X% of total imports. Italy, Ukraine, Syrian Arab Republic and Croatia lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Syrian Arab Republic, 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 more modest paces of growth.

Import Prices by Country

The average linseed oil import price stood at $X per ton in 2022, which is down by X% against the previous year. Over the period under review, the import price, however, saw a buoyant increase. The growth pace was the most rapid in 2021 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton, and then shrank notably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Ukraine ($X per ton), while the price for Syrian Arab Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Croatia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :