Poland: Market for Fish Fats And Oils 2024

Market Size for Fish Fats And Oils in Poland

In 2022, the Polish fish fat and oil market decreased by -49.8% to $X, falling for the second year in a row after two years of growth. In general, consumption continues to indicate a abrupt curtailment. Fish fat and oil consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Production of Fish Fats And Oils in Poland

In value terms, fish fat and oil production skyrocketed to $X in 2022 estimated in export price. Overall, production, however, showed a strong expansion. The most prominent rate of growth was recorded in 2020 with an increase of 62% against the previous year. Fish fat and oil production peaked in 2022 and is expected to retain growth in the near future.

Exports of Fish Fats And Oils

Exports from Poland

For the third consecutive year, Poland recorded growth in shipments abroad of fish fats and oils, which increased by 46% to X tons in 2022. Over the period under review, exports posted significant growth. The growth pace was the most rapid in 2020 when exports increased by 83%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, fish fat and oil exports skyrocketed to $X in 2022. In general, exports saw resilient growth. The pace of growth was the most pronounced in 2015 with an increase of 116%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Greece (X tons), Italy (X tons) and Spain (X tons) were the main destinations of fish fat and oil exports from Poland, together accounting for 67% of total exports. France, Germany, the United States and Cyprus lagged somewhat behind, together comprising a further 28%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +222.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for fish fat and oil exported from Poland were Greece ($X), Italy ($X) and Spain ($X), with a combined 54% share of total exports. Germany, the United States, France and Cyprus lagged somewhat behind, together accounting for a further 25%.

In terms of the main countries of destination, the United States, with a CAGR of +218.7%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average fish fat and oil export price amounted to $X per ton, jumping by 19% against the previous year. In general, the export price, however, continues to indicate a mild reduction. The most prominent rate of growth was recorded in 2015 when the average export price increased by 43%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to France ($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 Spain (+10.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Fish Fats And Oils

Imports into Poland

In 2022, supplies from abroad of fish fats and oils increased by 34% to X tons, rising for the third consecutive year after two years of decline. Overall, total imports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +7.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +64.9% against 2019 indices. The pace of growth appeared the most rapid in 2013 with an increase of 36% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, fish fat and oil imports soared to $X in 2022. The total import value increased at an average annual rate of +4.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 37%. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

Latvia (X tons), France (X tons) and Denmark (X tons) were the main suppliers of fish fat and oil imports to Poland, together accounting for 67% of total imports.

From 2012 to 2022, the biggest increases were recorded for Latvia (with a CAGR of +43.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Norway ($X) and Latvia ($X) appeared to be the largest fish fat and oil suppliers to Poland, together accounting for 66% of total imports.

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

Import Prices by Country

The average fish fat and oil import price stood at $X per ton in 2022, which is down by -1.5% against the previous year. In general, the import price recorded a perceptible descent. The pace of growth appeared the most rapid in 2018 an increase of 13%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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