Poland - Crude Soybean Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPoland's Import of Crude Soybean Oil Plummets to $213 Million in 2023
Poland Crude Soybean Oil Imports
In 2023, imports of crude soybean oil into Poland expanded significantly to 229K tons, with an increase of 6.6% on the year before. In general, imports continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2019 with an increase of 55% against the previous year. Imports peaked in 2023 and are likely to see gradual growth in the immediate term.
In value terms, crude soybean oil imports shrank rapidly to $213M (IndexBox estimates) in 2023. Overall, imports recorded a resilient expansion. The pace of growth was the most pronounced in 2021 when imports increased by 52% against the previous year. Imports peaked at $289M in 2022, and then dropped remarkably in the following year.
| COUNTRY | Import Value of Crude Soybean Oil in Poland (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| Ukraine | 37.0 | 38.8 | 31.4 | 37.2 | 49.9 | 58.7 | 95.9 | 136 | 221 | 258 | 197 |
| Hungary | N/A | N/A | N/A | 0.4 | 0.6 | 0.4 | 2.3 | 1.9 | 2.9 | 3.7 | 7.0 |
| Netherlands | 6.5 | 5.9 | 6.1 | 4.4 | 0.4 | 0.3 | 0.1 | 7.0 | 14.4 | 12.8 | 4.4 |
| Germany | 9.5 | 15.2 | 15.4 | 39.1 | 32.4 | 26.6 | 22.6 | 14.9 | 11.1 | 7.3 | 1.4 |
| Others | 6.4 | 4.0 | 4.4 | 2.7 | 1.5 | 2.2 | 4.0 | 11.1 | 9.8 | 6.8 | 3.0 |
| Total | 59.3 | 63.9 | 57.3 | 83.8 | 84.8 | 88.1 | 125 | 171 | 260 | 289 | 213 |
Imports by Country
In 2023, Ukraine (216K tons) was the main crude soybean oil supplier to Poland, accounting for a 94% share of total imports. It was followed by Hungary (5.7K tons), with a 2.5% share of total imports. The third position in this ranking was taken by the Netherlands (3.8K tons), with a 1.7% share.
From 2013 to 2023, the average annual growth rate of volume from Ukraine stood at +18.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+44.0% per year) and the Netherlands (-5.1% per year).
In value terms, Ukraine ($197M) constituted the largest supplier of crude soybean oil to Poland, comprising 93% of total imports. The second position in the ranking was taken by Hungary ($7M), with a 3.3% share of total imports. It was followed by the Netherlands, with a 2.1% share.
From 2013 to 2023, the average annual growth rate of value from Ukraine stood at +18.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+52.4% per year) and the Netherlands (-3.7% per year).
Import Prices by Country
In 2023, the crude soybean oil price stood at $929 per ton (CIF, Poland), falling by -30.8% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 59%. Over the period under review, average import prices attained the maximum at $1,343 per ton in 2022, and then reduced remarkably in the following year.
Average prices varied somewhat amongst the major supplying countries. In 2023, amid the top importers, the highest price was recorded for prices from Hungary ($1,224 per ton) and the Netherlands ($1,169 per ton), while the price for Ukraine ($915 per ton) and Germany ($1,121 per ton) were amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Hungary (+5.8%), while the prices for the other major suppliers experienced mixed trend patterns.
This report provides an in-depth analysis of the crude soybean oil market in Poland. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 237 - Oil of Soybeans
Country coverage:
- Poland
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Poland
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
