Poland: Market for Palmitic Acid, Stearic Acid, Their Salts And Esters 2024

Market Size for Palmitic Acid, Stearic Acid, Their Salts And Esters in Poland

The Polish market for palmitic acid, stearic acid, their salts and esters surged to $X in 2021, growing by 22% against the previous year. In general, the total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +17.6% against 2018 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Palmitic Acid, Stearic Acid, Their Salts And Esters in Poland

In value terms, production of palmitic acid, stearic acid, their salts and esters contracted to $X in 2021 estimated in export price. Overall, the total production indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +74.0% against 2016 indices. The most prominent rate of growth was recorded in 2017 with an increase of 33% against the previous year. Over the period under review, production of attained the maximum level at $X in 2020, and then fell in the following year.

Exports of Palmitic Acid, Stearic Acid, Their Salts And Esters

Exports from Poland

For the third consecutive year, Poland recorded growth in overseas shipments of palmitic acid, stearic acid, their salts and esters, which increased by 23% to X tons in 2021. Over the period under review, exports saw strong growth. The growth pace was the most rapid in 2019 when exports increased by 58% against the previous year. The exports peaked in 2021 and are likely to continue growth in years to come.

In value terms, exports of palmitic acid, stearic acid, their salts and esters skyrocketed to $X in 2021. In general, exports enjoyed a resilient expansion. The pace of growth was the most pronounced in 2017 when exports increased by 49%. Over the period under review, the exports of attained the maximum in 2021 and are expected to retain growth in years to come.

Exports by Country

Russia (X tons), Italy (X tons) and Belgium (X tons) were the main destinations of exports of palmitic acid, stearic acid, their salts and esters from Poland, with a combined 72% share of total exports. These countries were followed by Belarus, Germany, Ukraine, Latvia, France and Spain, which together accounted for a further 22%.

From 2012 to 2021, the biggest increases were recorded for Belarus (with a CAGR of +57.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Italy ($X) and Belgium ($X) constituted the largest markets for palmitic acid, stearic acid, their salts and esters exported from Poland worldwide, with a combined 67% share of total exports. Belarus, Germany, France, Spain, Ukraine and Latvia lagged somewhat behind, together comprising a further 24%.

Belarus, with a CAGR of +55.5%, saw the highest growth rate of 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

The average export price for palmitic acid, stearic acid, their salts and esters stood at $X per ton in 2021, growing by 14% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 37%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Latvia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Palmitic Acid, Stearic Acid, Their Salts And Esters

Imports into Poland

In 2021, imports of palmitic acid, stearic acid, their salts and esters into Poland expanded rapidly to X tons, surging by 7.6% against 2020. Over the period under review, total imports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +14.0% against 2015 indices. The pace of growth was the most pronounced in 2015 with an increase of 31% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, imports of palmitic acid, stearic acid, their salts and esters skyrocketed to $X in 2021. In general, total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +32.5% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), Italy (X tons) and Spain (X tons) were the main suppliers of imports of palmitic acid, stearic acid, their salts and esters to Poland, with a combined 65% share of total imports. These countries were followed by Sweden, Belgium, Malaysia, the Netherlands, France and the UK, which together accounted for a further 26%.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +31.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and Spain ($X) appeared to be the largest palmitic acid, stearic acid, their salts and esters suppliers to Poland, together accounting for 61% of total imports. These countries were followed by Belgium, France, Malaysia, Sweden, the Netherlands and the UK, which together accounted for a further 23%.

Malaysia, with a CAGR of +32.2%, recorded the highest growth rate of the value of imports, among 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 2021, the average import price for palmitic acid, stearic acid, their salts and esters amounted to $X per ton, growing by 26% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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