Poland: Crude Rapeseed Oil Market 2024

Crude Rapeseed Oil Market Size in Poland

The Polish crude rapeseed oil market surged to $X in 2022, jumping by 38% against the previous year. Overall, consumption posted a resilient expansion. Crude rapeseed oil consumption peaked in 2022 and is expected to retain growth in years to come.

Crude Rapeseed Oil Production in Poland

In value terms, crude rapeseed oil production soared to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 119% against the previous year. Crude rapeseed oil production peaked in 2022 and is expected to retain growth in years to come.

Crude Rapeseed Oil Exports

Exports from Poland

In 2022, crude rapeseed oil exports from Poland soared to X tons, picking up by 40% against the year before. Overall, exports, however, continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2013 with an increase of 87%. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, crude rapeseed oil exports skyrocketed to $X in 2022. Over the period under review, exports, however, showed a pronounced decrease. The pace of growth was the most pronounced in 2021 with an increase of 77% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for crude rapeseed oil exports from Poland, accounting for a 59% share of total exports. Moreover, crude rapeseed oil exports to Germany exceeded the volume sent to the second major destination, the Netherlands (X tons), fivefold. The third position in this ranking was taken by Estonia (X tons), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany amounted to +10.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-6.6% per year) and Estonia (+187.8% per year).

In value terms, Germany ($X) remains the key foreign market for crude rape, colza or mustard oil exports from Poland, comprising 61% of total exports. The second position in the ranking was held by the Netherlands ($X), with an 11% share of total exports. It was followed by Estonia, with an 8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany amounted to +13.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-5.6% per year) and Estonia (+177.4% per year).

Export Prices by Country

The average crude rapeseed oil export price stood at $X per ton in 2022, increasing by 23% against the previous year. In general, export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, crude rapeseed oil export price increased by +62.9% against 2017 indices. The most prominent rate of growth was recorded in 2021 an increase of 32%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Estonia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.

Crude Rapeseed Oil Imports

Imports into Poland

In 2022, approx. X tons of crude rape, colza or mustard oil were imported into Poland; surging by 21% on 2021. Overall, imports showed resilient growth. The most prominent rate of growth was recorded in 2016 with an increase of 97%. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, crude rapeseed oil imports skyrocketed to $X in 2022. In general, imports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 98%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, Belarus (X tons) constituted the largest supplier of crude rapeseed oil to Poland, accounting for a 40% share of total imports. Moreover, crude rapeseed oil imports from Belarus exceeded the figures recorded by the second-largest supplier, Romania (X tons), threefold. The third position in this ranking was taken by Ukraine (X tons), with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from Belarus totaled +45.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+141.1% per year) and Ukraine (+47.1% per year).

In value terms, Belarus ($X) constituted the largest supplier of crude rape, colza or mustard oil to Poland, comprising 39% of total imports. The second position in the ranking was taken by Romania ($X), with a 16% share of total imports. It was followed by Ukraine, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Belarus totaled +51.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+193.1% per year) and Ukraine (+50.2% per year).

Import Prices by Country

The average crude rapeseed oil import price stood at $X per ton in 2022, jumping by 17% against the previous year. In general, the import price saw pronounced growth. The pace of growth appeared the most rapid in 2021 an increase of 62% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+21.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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