Poland: Ether Market 2024

Ether Market Size in Poland

The Polish ether market dropped to $X in 2022, shrinking by -8.1% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Ether consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Ether Production in Poland

In value terms, ether production expanded markedly to $X in 2022 estimated in export price. Overall, the total production indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +25.0% against 2019 indices. The pace of growth appeared the most rapid in 2017 with an increase of 23%. Ether production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Ether Exports

Exports from Poland

Ether exports from Poland contracted to X tons in 2022, with a decrease of -4.1% compared with the previous year's figure. In general, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 101% against the previous year. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, ether exports fell significantly to $X in 2022. Over the period under review, total exports indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +37.6% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 78%. As a result, the exports reached the peak of $X, and then shrank significantly in the following year.

Exports by Country

Germany (X tons) was the main destination for ether exports from Poland, accounting for a 47% share of total exports. Moreover, ether exports to Germany exceeded the volume sent to the second major destination, Ukraine (X tons), twofold. Slovakia (X tons) ranked third in terms of total exports with a 4.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany amounted to +17.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+14.0% per year) and Slovakia (+10.7% per year).

In value terms, Germany ($X) remains the key foreign market for ethers exports from Poland, comprising 38% of total exports. The second position in the ranking was taken by Ukraine ($X), with a 17% share of total exports. It was followed by Belarus, with a 5.2% share.

From 2012 to 2022, the average annual growth rate of value to Germany stood at +21.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+12.9% per year) and Belarus (+12.9% per year).

Export Prices by Country

The average ether export price stood at $X per ton in 2022, declining by -19.8% against the previous year. In general, the export price, however, showed notable growth. The pace of growth was the most pronounced in 2021 when the average export price increased by 31%. As a result, the export price attained the peak level of $X per ton, and then shrank rapidly in the following year.

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 Lithuania ($X per ton), while the average price for exports to Slovenia ($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 Lithuania (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.

Ether Imports

Imports into Poland

In 2022, supplies from abroad of ethers decreased by -13.2% to X tons, falling for the third consecutive year after three years of growth. The total import volume increased at an average annual rate of +1.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 with an increase of 30% against the previous year. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, ether imports contracted to $X in 2022. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 58% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

The Netherlands (X tons), Germany (X tons) and Saudi Arabia (X tons) were the main suppliers of ether imports to Poland, together accounting for 80% of total imports. The United States, Finland, Belgium, Switzerland and Russia lagged somewhat behind, together accounting for a further 17%.

From 2012 to 2022, the biggest increases were recorded for Switzerland (with a CAGR of +73.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest ether suppliers to Poland were the Netherlands ($X), Germany ($X) and Saudi Arabia ($X), with a combined 77% share of total imports. Finland, Belgium, the United States, Switzerland and Russia lagged somewhat behind, together accounting for a further 17%.

Switzerland, with a CAGR of +50.9%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average ether import price stood at $X per ton in 2022, growing by 5.4% against the previous year. In general, the import price, however, recorded a mild decrease. The most prominent rate of growth was recorded in 2021 when the average import price increased by 63%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (-0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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