Poland: Chemically Modified Oils Market 2025

Chemically Modified Oils Market Size in Poland

The Polish chemically modified oils market was estimated at $X in 2022, rising by 7% against the previous year. Overall, the total consumption indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +79.3% against 2017 indices. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Chemically Modified Oils Production in Poland

In value terms, chemically modified oils production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a significant increase. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Chemically Modified Oils Exports

Exports from Poland

For the fourth year in a row, Poland recorded growth in shipments abroad of animal or vegetable fats and oils chemically modified, which increased by 13% to X tons in 2022. Overall, exports posted significant growth. The growth pace was the most rapid in 2015 with an increase of 42%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, chemically modified oils exports surged to $X in 2022. In general, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2016 with an increase of 71%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for chemically modified oils exports from Poland, accounting for a 29% share of total exports. Moreover, chemically modified oils exports to Germany exceeded the volume sent to the second major destination, the Czech Republic (X tons), twofold. The third position in this ranking was taken by Finland (X tons), with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany stood at +13.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+27.6% per year) and Finland (+8,112.6% per year).

In value terms, the largest markets for chemically modified oils exported from Poland were Germany ($X), Finland ($X) and the Czech Republic ($X), with a combined 57% share of total exports.

Finland, with a CAGR of +8,169.4%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average chemically modified oils export price stood at $X per ton in 2022, increasing by 33% against the previous year. Overall, the export price enjoyed a prominent increase. The most prominent rate of growth was recorded in 2021 an increase of 44%. The export price peaked in 2022 and is likely to see gradual growth in years to come.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Hungary ($X per ton) and Slovakia ($X per ton), while the average price for exports to the Czech Republic ($X per ton) and Italy ($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 Slovakia (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.

Chemically Modified Oils Imports

Imports into Poland

In 2022, chemically modified oils imports into Poland surged to X tons, jumping by 44% against the previous year's figure. Overall, imports showed prominent growth. The pace of growth appeared the most rapid in 2019 with an increase of 98%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, chemically modified oils imports soared to $X in 2022. In general, imports posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 85%. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, Russia (X tons) constituted the largest chemically modified oils supplier to Poland, with a 64% share of total imports. Moreover, chemically modified oils imports from Russia exceeded the figures recorded by the second-largest supplier, Ukraine (X tons), eightfold. The third position in this ranking was held by Belarus (X tons), with a 7.7% share.

From 2012 to 2022, the average annual growth rate of volume from Russia totaled +86.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (+60.2% per year) and Belarus (+80.0% per year).

In value terms, Russia ($X) constituted the largest supplier of animal or vegetable fats and oils chemically modified to Poland, comprising 58% of total imports. The second position in the ranking was held by Ukraine ($X), with a 7.9% share of total imports. It was followed by Belarus, with a 6.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Russia stood at +95.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (+81.1% per year) and Belarus (+97.0% per year).

Import Prices by Country

In 2022, the average chemically modified oils import price amounted to $X per ton, with an increase of 10% against the previous year. Over the period under review, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, chemically modified oils import price increased by +70.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 51% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 ($X per ton), while the price for Belarus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+13.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :