Poland: Market for Processed Petroleum Oils and Distillates 2024

Market Size for Processed Petroleum Oils and Distillates in Poland

In 2022, the Polish market for processed petroleum oils and distillates increased by 16% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +1.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Production of Processed Petroleum Oils and Distillates in Poland

In value terms, processed petroleum oils and distillates production fell modestly to $X in 2022 estimated in export price. Overall, production recorded a pronounced shrinkage. The pace of growth was the most pronounced in 2018 with an increase of 21%. Processed petroleum oils and distillates production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Processed Petroleum Oils and Distillates

Exports from Poland

In 2022, after three years of decline, there was significant growth in shipments abroad of processed petroleum oils and distillates, when their volume increased by 73% to X tons. In general, exports, however, continue to indicate a deep slump. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, processed petroleum oils and distillates exports surged to $X in 2022. Overall, exports, however, showed a perceptible shrinkage. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Ukraine (X tons) was the main destination for processed petroleum oils and distillates exports from Poland, accounting for a 50% share of total exports. Moreover, processed petroleum oils and distillates exports to Ukraine exceeded the volume sent to the second major destination, Germany (X tons), sixfold. Sweden (X tons) ranked third in terms of total exports with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Ukraine stood at +16.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-1.4% per year) and Sweden (-7.3% per year).

In value terms, Ukraine ($X) emerged as the key foreign market for processed petroleum oils and distillates exports from Poland, comprising 54% of total exports. The second position in the ranking was held by Germany ($X), with a 7.6% share of total exports. It was followed by Belgium, with a 4.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Ukraine stood at +18.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-1.5% per year) and Belgium (+10.1% per year).

Export Prices by Country

In 2022, the average export price for processed petroleum oils and distillates amounted to $X per ton, rising by 43% against the previous year. Over the period under review, the export price recorded a notable expansion. The pace of growth appeared the most rapid in 2021 an increase of 80% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

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 the United States ($X per ton), while the average price for exports to Finland ($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 United States (+20.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Processed Petroleum Oils and Distillates

Imports into Poland

In 2022, overseas purchases of processed petroleum oils and distillates increased by 84% to X tons, rising for the second consecutive year after two years of decline. In general, imports continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2021 with an increase of 100%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, processed petroleum oils and distillates imports surged to $X in 2022. Over the period under review, imports saw a strong expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 100%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Germany (X tons), the Netherlands (X tons) and Lithuania (X tons) were the main suppliers of processed petroleum oils and distillates imports to Poland, with a combined 81% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +53.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of processed petroleum oils and distillates to Poland, comprising 47% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 22% share of total imports. It was followed by Lithuania, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled +11.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+37.7% per year) and Lithuania (+3.4% per year).

Import Prices by Country

In 2022, the average import price for processed petroleum oils and distillates amounted to $X per ton, remaining stable against the previous year. Over the period under review, the import price, however, showed a deep contraction. The pace of growth was the most pronounced in 2018 an increase of 29% against the previous year. Over the period under review, average import prices hit record highs 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 Belgium ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (-6.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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