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Poland - Rapeseed Oil - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

Poland - Rapeseed Oil - Market Analysis, Forecast, Size, Trends and Insights

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Jun 1, 2023

Rapeseed Oil Price in Poland Declines Notably to $1,502 per Ton

Poland Rapeseed Oil Import Price in February 2023

In February 2023, the rapeseed oil price stood at $1,502 per ton (CIF, Poland), waning by -6.1% against the previous month. Over the period under review, the import price showed a slight decline. The most prominent rate of growth was recorded in April 2022 when the average import price increased by 5.9% against the previous month. Over the period under review, average import prices hit record highs at $1,985 per ton in June 2022; however, from July 2022 to February 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In February 2023, the country with the highest price was Austria ($2,120 per ton), while the price for Romania ($1,052 per ton) was amongst the lowest.

From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by Austria (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.

COUNTRYImport Price of Rapeseed Oil in Poland (USD per ton)
Feb 2022Mar 2022Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023
Austria1,5251,6781,6732,1162,0511,9141,8521,5542,0872,5731,7802,0902,120
Belgium1,5171,5301,5471,8241,9931,7651,9001,6971,8111,8371,7761,7201,691
Germany1,6841,7161,7061,7611,7871,6701,6871,7081,6841,7761,8771,7021,635
DenmarkN/A1,462N/A2,943N/A1,839N/A1,7711,7101,5091,6261,6721,599
Czech Republic1,8501,8011,7271,8942,0041,7381,6951,7381,6121,6021,6991,7561,488
Lithuania1,7901,7621,9241,9271,8181,7081,5521,4531,3641,3211,3711,5161,344
Ukraine1,6701,5212,0911,8101,8091,6611,6331,3201,2001,3111,2361,1451,075
Romania1,7721,7521,9882,1922,1851,9421,862N/AN/AN/AN/AN/A1,052
Average1,7331,7561,8601,9471,9851,7981,7291,5471,4041,4781,5381,5991,502

Poland Rapeseed Oil Import Prices by Type

Average prices varied somewhat amongst the major supplied products. In February 2023, the product with the highest price was vegetable oils; excluding low erucic acid rape or colza oil and its fractions, other than crude, but not chemically modified ($1,887 per ton), while the price for vegetable oils; low erucic acid rape or colza oil and its fractions, crude ($1,260 per ton) was amongst the lowest.

From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by vegetable oils; excluding low erucic acid rape or colza oil and its fractions, crude (+11.8%), while the prices for the other products experienced mixed trend patterns.

Poland Rapeseed Oil Imports

In February 2023, after three months of decline, there was significant growth in purchases abroad of rapeseed oil, when their volume increased by 26% to 16K tons. In general, imports, however, showed a noticeable descent.

In value terms, rapeseed oil imports skyrocketed to $24M (IndexBox estimates) in February 2023. Overall, imports, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in May 2022 with an increase of 20% against the previous month. As a result, imports reached the peak of $51M. From June 2022 to February 2023, the growth of imports remained at a lower figure.

Poland Rapeseed Oil Imports by Type

In February 2023, vegetable oils; low erucic acid rape or colza oil and its fractions, other than crude, but not chemically modified (10K tons) constituted the largest type of rapeseed oil supplied to Poland, accounting for a 65% share of total imports. Moreover, vegetable oils; low erucic acid rape or colza oil and its fractions, other than crude, but not chemically modified exceeded the figures recorded for the second-largest type, vegetable oils; low erucic acid rape or colza oil and its fractions, crude (4.8K tons), twofold.

From February 2022 to February 2023, the average monthly rate of growth in terms of the volume of import of vegetable oils; low erucic acid rape or colza oil and its fractions, other than crude, but not chemically modified amounted to +4.7%. With regard to the other supplied products, the following average monthly rates of growth were recorded: vegetable oils; low erucic acid rape or colza oil and its fractions, crude (-10.2% per month) and vegetable oils; excluding low erucic acid rape or colza oil and its fractions, other than crude, but not chemically modified (-4.7% per month).

In value terms, vegetable oils; low erucic acid rape or colza oil and its fractions, other than crude, but not chemically modified ($16M) constituted the largest type of rapeseed oil supplied to Poland, comprising 69% of total imports. The second position in the ranking was taken by vegetable oils; low erucic acid rape or colza oil and its fractions, crude ($6.1M), with a 26% share of total imports.

Poland Rapeseed Oil Imports by Country

The Czech Republic (4.2K tons), Germany (4.1K tons) and Ukraine (2K tons) were the main suppliers of rapeseed oil imports to Poland, with a combined 65% share of total imports.

From February 2022 to February 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ukraine (with a CAGR of +20.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($6.7M), the Czech Republic ($6.3M) and Belgium ($3.1M) constituted the largest rapeseed oil suppliers to Poland, together accounting for 68% of total imports.

Belgium, with a CAGR of +19.6%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the rapeseed 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 271 - Oil of Rapeseed or Canola oil

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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