Poland - Soybean Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPoland's July 2023 Import of Soybean Oil Decreases to $21M
Poland Soybean Oil Imports
In July 2023, the amount of soybean oil imported into Poland dropped modestly to 24K tons, which is down by -4.7% on the previous month's figure. Over the period under review, total imports indicated a tangible increase from July 2022 to July 2023: its volume increased at an average monthly rate of +3.0% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, imports decreased by -11.6% against May 2023 indices. The growth pace was the most rapid in May 2023 with an increase of 156% month-to-month. As a result, imports reached the peak of 27K tons. From June 2023 to July 2023, the growth of imports remained at a somewhat lower figure.
In value terms, soybean oil imports fell modestly to $21M (IndexBox estimates) in July 2023. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in May 2023 with an increase of 121% m-o-m.
| COUNTRY | Import Value of Soybean Oil in Poland (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | |
| Ukraine | 17.8 | 25.9 | 28.7 | 25.6 | 18.1 | 18.6 | 26.4 | 16.2 | 22.2 | 7.9 | 19.4 | 18.9 | 18.7 |
| Netherlands | 2.8 | 3.4 | 2.4 | 0.8 | 1.1 | 1.3 | 1.5 | 1.6 | 1.0 | 1.4 | 1.6 | 1.5 | 1.3 |
| Others | 3.0 | 2.4 | 1.9 | 1.6 | 1.3 | 1.4 | 1.0 | 1.1 | 1.9 | 1.9 | 3.8 | 1.9 | 1.3 |
| Total | 23.6 | 31.8 | 33.1 | 28.0 | 20.5 | 21.3 | 28.9 | 18.9 | 25.1 | 11.2 | 24.8 | 22.3 | 21.3 |
Imports by Country
In July 2023, Ukraine (22K tons) was the main supplier of soybean oil to Poland, with a 92% share of total imports. Moreover, soybean oil imports from Ukraine exceeded the figures recorded by the second-largest supplier, the Netherlands (974 tons), more than tenfold.
From July 2022 to July 2023, the average monthly rate of growth in terms of volume from Ukraine totaled +4.4%.
In value terms, Ukraine ($19M) constituted the largest supplier of soybean oil to Poland, comprising 88% of total imports. The second position in the ranking was taken by the Netherlands ($1.3M), with a 6.2% share of total imports.
From July 2022 to July 2023, the average monthly growth rate of value from Ukraine was relatively modest.
Imports by Type
In July 2023, crude soybean oil (23K tons) was the main type of soybean oil supplied to Poland, with a 97% share of total imports. Moreover, crude soybean oil exceeded the figures recorded for the second-largest type, refined soybean oil and its fractions (847 tons), more than tenfold.
From July 2022 to July 2023, the average monthly rate of growth in terms of the volume of import of crude soybean oil totaled +3.3%.
In value terms, crude soybean oil ($20M) constituted the largest type of soybean oil supplied to Poland, comprising 94% of total imports. The second position in the ranking was taken by refined soybean oil and its fractions ($1.3M), with a 5.9% share of total imports.
Import Prices by Country
In July 2023, the soybean oil price amounted to $876 per ton (CIF, Poland), remaining relatively unchanged against the previous month. Overall, the import price, however, recorded a noticeable descent. The pace of growth was the most pronounced in November 2022 an increase of 3.7% m-o-m. The import price peaked at $1,390 per ton in August 2022; however, from September 2022 to July 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($1,488 per ton), while the price for Ukraine ($836 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Hungary (-0.7%), while the prices for the other major suppliers experienced a decline.
This report provides an in-depth analysis of the 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:
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.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND THE AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDSThis Chapter is Available Only for the Professional EditionPRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and its Prospects
- MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET FORECAST TO 2035
4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION
Finding New Products to Diversify Your Business
- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCTS
- MOST TRADED PRODUCTS
- MOST PROFITABLE PRODUCTS FOR EXPORTS
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Export
- 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: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country, 2012–2024
LIST OF FIGURES
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Volume Forecast to 2035
- Market Value Forecast to 2035
- Market Size and Growth, By Product
- Average Per Capita Consumption, By Product
- Exports and Growth, By Product
- Export Prices and Growth, By Product
- 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: Historical Data (2012–2024) and Forecast (2025–2035)
- Production, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- 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, 2012–2024
- Exports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- 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, 2012–2024
