Poland: Refined Soybean Oil Market 2024

Refined Soybean Oil Market Size in Poland

In 2022, after two years of growth, there was significant decline in the Polish refined soybean oil market, when its value decreased by X% to $X. Over the period under review, consumption saw a abrupt setback. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Refined Soybean Oil Production in Poland

In value terms, refined soybean oil production soared to $X in 2022 estimated in export price. In general, production recorded a abrupt decline. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Refined Soybean Oil Exports

Exports from Poland

In 2022, exports of refined soybean oil and its fractions from Poland skyrocketed to X tons, increasing by X% against the previous year. Over the period under review, exports saw significant growth. The pace of growth appeared the most rapid in 2016 with an increase of X%. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, refined soybean oil exports skyrocketed to $X in 2022. In general, exports posted a significant increase. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

Exports by Country

The Netherlands (X tons) was the main destination for refined soybean oil exports from Poland, accounting for a X% share of total exports. Moreover, refined soybean oil exports to the Netherlands exceeded the volume sent to the second major destination, Slovakia (X tons), sixfold. Belgium (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual growth rate of volume to the Netherlands amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (X% per year) and Belgium (X% per year).

In value terms, the Netherlands ($X) emerged as the key foreign market for refined soybean oil and its fractions exports from Poland, comprising X% of total exports. The second position in the ranking was taken by Slovakia ($X), with a X% share of total exports. It was followed by Belgium, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Netherlands stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (X% per year) and Belgium (X% per year).

Export Prices by Country

In 2022, the average refined soybean oil export price amounted to $X per ton, waning by X% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid 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 declined modestly in the following year.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Slovakia ($X per ton) and the Czech Republic ($X per ton), while the average price for exports to Germany ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Austria (X%), while the prices for the other major destinations experienced more modest paces of growth.

Refined Soybean Oil Imports

Imports into Poland

After two years of growth, purchases abroad of refined soybean oil and its fractions decreased by X% to X tons in 2022. In general, imports, however, saw a pronounced increase. The pace of growth appeared the most rapid in 2014 when imports increased by X%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, refined soybean oil imports fell modestly to $X in 2022. Overall, imports, however, enjoyed a strong increase. The growth pace was the most rapid in 2014 with an increase of X%. Imports peaked at $X in 2021, and then shrank slightly in the following year.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of refined soybean oil to Poland, accounting for a X% share of total imports. Moreover, refined soybean oil imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was taken by Italy (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Italy (X% per year).

In value terms, the Netherlands ($X), Germany ($X) and Italy ($X) appeared to be the largest refined soybean oil suppliers to Poland, together accounting for X% of total imports.

Italy, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average refined soybean oil import price stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the import price saw moderate growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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