In 2023, Belgium emerged as the leading importer of linseed with a value of $245.68 million, followed by China at $206.41 million. Germany, Turkey, and the United States were significant importers, with values of $85.14 million, $69.13 million, and $66.28 million, respectively. The Netherlands, Poland, France, United Kingdom, and Italy also made the list of top importers but with significantly lower import values. Over the past two years, significant year-on-year fluctuations include a notable increase in China's imports, indicating a sharp ascent in its demand for linseed.
Future trends to watch for include:
- Potential shifts in European demand, led by Belgium, influenced by environmental policies or changes in domestic agricultural production.
- China's continued growth in linseed imports, driven by its expanding industries that utilize linseed byproducts.
- Economic and trade policy changes in the United States impacting import levels.
- This steady growth or contraction within the European Union based on intra-EU trade laws affecting linseed distribution.
Top countries in Top Importers of Linseed
| # | 10 Countries | Million US Dollars | Last Year | |
|---|---|---|---|---|
| 1 | 1 Belgium | 245.68 | 2016 | |
| 2 | 2 China | 206.41 | 2016 | |
| 3 | 3 Germany | 85.14 | 2016 | |
| 4 | 4 Turkey | 69.13 | 2016 | |
| 5 | 5 United States | 66.28 | 2016 | |
| 6 | 6 Netherlands | 40.48 | 2016 | |
| 7 | 7 Poland | 24.69 | 2016 | |
| 8 | 8 France | 18.09 | 2016 | |
| 9 | 9 United Kingdom | 14.35 | 2016 | |
| 10 | 10 Italy | 13.96 | 2016 |
