Poland: Margarine And Shortening Market 2024

Margarine And Shortening Market Size in Poland

The Polish margarine and shortening market contracted to $X in 2022, which is down by -7.4% against the previous year. Overall, consumption continues to indicate a abrupt slump. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Margarine And Shortening Production in Poland

In value terms, margarine and shortening production fell slightly to $X in 2022 estimated in export price. Overall, production recorded a noticeable shrinkage. The pace of growth was the most pronounced in 2016 when the production volume increased by 12% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Margarine And Shortening Exports

Exports from Poland

Margarine and shortening exports from Poland amounted to X tons in 2022, picking up by 10% compared with the previous year. Over the period under review, total exports indicated a perceptible expansion from 2012 to 2022: its volume 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 +60.6% against 2015 indices. The most prominent rate of growth was recorded in 2019 when exports increased by 18% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, margarine and shortening exports skyrocketed to $X in 2022. In general, exports posted a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The UK (X tons), Hungary (X tons) and Germany (X tons) were the main destinations of margarine and shortening exports from Poland, with a combined 54% share of total exports. The Czech Republic, the Netherlands, France, Slovakia, Austria, Sweden, Greece, Romania, Lithuania and Latvia lagged somewhat behind, together comprising a further 39%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Austria (with a CAGR of +41.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for margarine and shortening exported from Poland were the UK ($X), Germany ($X) and Hungary ($X), together comprising 52% of total exports. The Czech Republic, the Netherlands, France, Austria, Slovakia, Sweden, Greece, Lithuania, Romania and Latvia lagged somewhat behind, together accounting for a further 41%.

Austria, with a CAGR of +45.7%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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 margarine and shortening export price amounted to $X per ton, with an increase of 37% against the previous year. Over the last decade, it increased at an average annual rate of +2.6%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 Greece ($X per ton), while the average price for exports to Romania ($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 Netherlands (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.

Margarine And Shortening Imports

Imports into Poland

In 2022, the amount of margarine and shortening imported into Poland expanded significantly to X tons, picking up by 13% compared with 2021 figures. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 14% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, margarine and shortening imports skyrocketed to $X in 2022. In general, total imports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +3.5% 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 +68.6% against 2018 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands (X tons), Germany (X tons) and Sweden (X tons) were the main suppliers of margarine and shortening imports to Poland, together accounting for 78% of total imports. Belgium, Italy, Bulgaria and Slovakia lagged somewhat behind, together comprising a further 16%.

From 2012 to 2022, the biggest increases were recorded for Bulgaria (with a CAGR of +98.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest margarine and shortening suppliers to Poland were the Netherlands ($X), Germany ($X) and Sweden ($X), with a combined 77% share of total imports. Belgium, Italy, Bulgaria and Slovakia lagged somewhat behind, together comprising a further 16%.

Bulgaria, with a CAGR of +101.4%, 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

In 2022, the average margarine and shortening import price amounted to $X per ton, picking up by 23% against the previous year. Over the last decade, it increased at an average annual rate of +2.9%. The pace of growth appeared the most rapid in 2021 when the average import price increased by 31% against the previous year. The import price peaked in 2022 and is likely to see steady growth in years to come.

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 Belgium ($X per ton), while the price for Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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