Linseed Market Overview in Belarus
In value terms, linseed production skyrocketed to $ in 2019 estimated in export prices. In general, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2008 with an increase of % against the previous year. As a result, production attained the peak level of $. From 2009 to 2019, production growth remained at a lower figure.
In 2019, the average yield of linseed in Belarus skyrocketed to kg per ha, increasing by % compared with 2018 figures. In general, the yield indicated a noticeable increase from 2007 to 2019: its figure increased at an average annual rate of +% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, linseed yield decreased by -% against 2017 indices. The most prominent rate of growth was recorded in 2017 with an increase of % against the previous year. As a result, the yield reached the peak level of kg per ha. From 2018 to 2019, the growth of the average linseed yield failed to regain the momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In 2019, the total area harvested in terms of linseed production in Belarus rose sharply to ha, increasing by % on 2018. Overall, the harvested area, however, showed a abrupt curtailment. The growth pace was the most rapid in 2018 with an increase of % year-to-year. The linseed harvested area peaked at ha in 2008; however, from 2009 to 2019, the harvested area failed to regain the momentum.
The size of the linseed market in Belarus skyrocketed to $ in 2019, jumping by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2011 when the market value increased by % year-to-year. Over the period under review, the market reached the maximum level at $ in 2008; however, from 2009 to 2019, consumption remained at a lower figure.