Poland: Market for Crude Sunflower-Seed And Safflower Oil 2024

Market Size for Crude Sunflower-Seed And Safflower Oil in Poland

The Polish market for crude sunflower-seed and safflower oil skyrocketed to $X in 2022, with an increase of 270% against the previous year. Over the period under review, consumption recorded prominent growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Crude Sunflower-Seed And Safflower Oil in Poland

In value terms, crude sunflower-seed and safflower oil production contracted to $X in 2022 estimated in export price. In general, production faced a abrupt descent. The most prominent rate of growth was recorded in 2019 with an increase of 24% against the previous year. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Exports of Crude Sunflower-Seed And Safflower Oil

Exports from Poland

Crude sunflower-seed and safflower oil exports from Poland skyrocketed to X tons in 2022, picking up by 256% on the previous year's figure. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of 1,054%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, crude sunflower-seed and safflower oil exports surged to $X in 2022. In general, exports saw significant growth. The pace of growth was the most pronounced in 2019 with an increase of 946% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

Spain (X tons), Estonia (X tons) and Germany (X tons) were the main destinations of crude sunflower-seed and safflower oil exports from Poland, with a combined 54% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +492.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) emerged as the key foreign market for crude sunflower-seed and safflower oil exports from Poland, comprising 33% of total exports. The second position in the ranking was taken by Estonia ($X), with a 14% share of total exports. It was followed by Germany, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to Spain totaled +491.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (+98.4% per year) and Germany (+29.4% per year).

Export Prices by Country

The average export price for crude sunflower-seed and safflower oil stood at $X per ton in 2022, surging by 29% against the previous year. Over the period under review, the export price continues to indicate a notable expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by 46% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to India ($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 Sweden (+19.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Crude Sunflower-Seed And Safflower Oil

Imports into Poland

Crude sunflower-seed and safflower oil imports into Poland soared to X tons in 2022, jumping by 276% compared with 2021 figures. In general, imports posted a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, crude sunflower-seed and safflower oil imports soared to $X in 2022. Over the period under review, imports recorded buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Ukraine (X tons) constituted the largest supplier of crude sunflower-seed and safflower oil to Poland, with a 87% share of total imports. Moreover, crude sunflower-seed and safflower oil imports from Ukraine exceeded the figures recorded by the second-largest supplier, Hungary (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Ukraine stood at +18.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+6.4% per year) and the Czech Republic (+17.3% per year).

In value terms, Ukraine ($X) constituted the largest supplier of crude sunflower-seed and safflower oil to Poland, comprising 85% of total imports. The second position in the ranking was taken by Hungary ($X), with a 5% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Ukraine stood at +20.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+7.4% per year) and the Czech Republic (+18.6% per year).

Import Prices by Country

In 2022, the average import price for crude sunflower-seed and safflower oil amounted to $X per ton, growing by 5.5% against the previous year. Overall, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, crude sunflower-seed and safflower oil import price increased by +80.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 66%. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Hungary ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+1.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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