Poland: Essential Oils Market 2024

Essential Oils Market Size in Poland

The Polish essential oils market soared to $X in 2022, increasing by 23% against the previous year. Over the period under review, consumption posted a strong expansion. Over the period under review, the market reached the maximum level in 2022 and is likely to see gradual growth in the immediate term.

Essential Oils Production in Poland

In value terms, essential oils production contracted rapidly to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 189% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Essential Oils Exports

Exports from Poland

For the third consecutive year, Poland recorded growth in overseas shipments of essential oils, which increased by 480% to X tons in 2022. Overall, exports posted significant growth. The growth pace was the most rapid in 2020 when exports increased by 1,043%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, essential oils exports soared to $X in 2022. Over the period under review, exports enjoyed a significant increase. The growth pace was the most rapid in 2020 with an increase of 1,223% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the near future.

Exports by Country

Romania (X tons) was the main destination for essential oils exports from Poland, with a 64% share of total exports. Moreover, essential oils exports to Romania exceeded the volume sent to the second major destination, Hungary (X tons), fourfold. The third position in this ranking was held by Bulgaria (X tons), with an 8.7% share.

From 2012 to 2022, the average annual growth rate of volume to Romania totaled +526.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+138.8% per year) and Bulgaria (+254.9% per year).

In value terms, Romania ($X) emerged as the key foreign market for essential oils exports from Poland, comprising 42% of total exports. The second position in the ranking was taken by Hungary ($X), with an 18% share of total exports. It was followed by Austria, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Romania amounted to +520.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+139.7% per year) and Austria (+386.3% per year).

Export Prices by Country

In 2022, the average essential oils export price amounted to $X per ton, reducing by -52.4% against the previous year. In general, the export price recorded a abrupt descent. The growth pace was the most rapid in 2016 when the average export price increased by 23% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Taiwan (Chinese) ($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 Austria (+23.8%), while the prices for the other major destinations experienced more modest paces of growth.

Essential Oils Imports

Imports into Poland

In 2022, overseas purchases of essential oils decreased by -62.9% to X tons, falling for the second consecutive year after five years of growth. Overall, imports, however, recorded a moderate increase. The growth pace was the most rapid in 2020 with an increase of 298% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, essential oils imports contracted rapidly to $X in 2022. In general, imports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 330% against the previous year. Imports peaked at $X in 2021, and then reduced sharply in the following year.

Imports by Country

In 2022, the United States (X tons) constituted the largest essential oils supplier to Poland, with a 46% share of total imports. Moreover, essential oils imports from the United States exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. Brazil (X tons) ranked third in terms of total imports with a 15% share.

From 2012 to 2022, the average annual growth rate of volume from the United States stood at +19.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-3.5% per year) and Brazil (+9.2% per year).

In value terms, the United States ($X) constituted the largest supplier of essential oils to Poland, comprising 68% of total imports. The second position in the ranking was held by Germany ($X), with a 14% share of total imports. It was followed by Brazil, with a 4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at +26.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-0.5% per year) and Brazil (+18.3% per year).

Import Prices by Country

The average essential oils import price stood at $X per ton in 2022, growing by 19% against the previous year. In general, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, essential oils import price increased by +36.9% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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