Poland: Palm Oil Market 2025

Palm Oil Market Size in Poland

The Polish palm oil market skyrocketed to $X in 2022, surging by 21% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +49.5% against 2020 indices. Palm oil consumption peaked in 2022 and is expected to retain growth in the immediate term.

Palm Oil Exports

Exports from Poland

In 2022, palm oil exports from Poland surged to X tons, with an increase of 51% on the year before. Over the period under review, exports continue to indicate a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, palm oil exports surged to $X in 2022. Overall, exports recorded a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Lithuania (X tons), Germany (X tons) and the Czech Republic (X tons) were the main destinations of palm oil exports from Poland, with a combined 70% share of total exports. Slovakia, Russia, Ukraine, Slovenia, Latvia, Hungary, Finland and Romania lagged somewhat behind, together comprising a further 25%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ukraine (with a CAGR of +203.3%), while the other leaders experienced more modest paces of growth.

In value terms, Lithuania ($X), the Czech Republic ($X) and Germany ($X) constituted the largest markets for palm oil exported from Poland worldwide, with a combined 68% share of total exports. Slovakia, Russia, Slovenia, Latvia, Ukraine, Hungary, Finland and Romania lagged somewhat behind, together comprising a further 27%.

Ukraine, with a CAGR of +156.7%, recorded the highest rates of growth with regard to the value of exports, among 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 palm oil export price amounted to $X per ton, jumping by 35% against the previous year. In general, export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, palm oil export price increased by +95.5% against 2019 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Finland ($X per ton) and Russia ($X per ton), while the average price for exports to Germany ($X per ton) and Ukraine ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.

Palm Oil Imports

Imports into Poland

In 2022, overseas purchases of palm oil decreased by -1% to X tons, falling for the third year in a row after five years of growth. The total import volume increased at an average annual rate of +1.5% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The growth pace was the most rapid in 2013 with an increase of 26% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, palm oil imports soared to $X in 2022. Over the period under review, total imports indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +4.4% 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 +72.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 34% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in years to come.

Imports by Country

Germany (X tons), the Netherlands (X tons) and Italy (X tons) were the main suppliers of palm oil imports to Poland, with a combined 89% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +18.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest palm oil suppliers to Poland were Germany ($X), the Netherlands ($X) and Italy ($X), with a combined 89% share of total imports.

Among the main suppliers, Italy, with a CAGR of +16.4%, recorded the highest growth rate of 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

In 2022, the average palm oil import price amounted to $X per ton, surging by 30% against the previous year. In general, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, palm oil import price increased by +94.7% against 2019 indices. The growth pace was the most rapid in 2021 an increase of 35%. The import price peaked in 2022 and is likely to see steady growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Denmark ($X per ton) and the Netherlands ($X per ton), while the price for Malaysia ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :