Poland: Polyurethanes Market 2024

Polyurethanes Market Size in Poland

After two years of decline, the Polish polyurethanes market increased by 18% to $X in 2021. Over the period under review, the total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +7.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Polyurethanes consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Polyurethanes Production in Poland

In value terms, polyurethanes production skyrocketed to $X in 2021 estimated in export price. Overall, production continues to indicate a buoyant increase. The pace of growth appeared the most rapid in 2013 when the production volume increased by 34% against the previous year. Polyurethanes production peaked in 2021 and is likely to see gradual growth in the near future.

Polyurethanes Exports

Exports from Poland

Polyurethanes exports from Poland reached X tons in 2021, picking up by 5.6% on 2020. Over the period under review, total exports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +8.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +110.3% against 2012 indices. The most prominent rate of growth was recorded in 2014 when exports increased by 23% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, polyurethanes exports skyrocketed to $X in 2021. In general, total exports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +8.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +23.3% against 2018 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Russia (X tons) was the main destination for polyurethanes exports from Poland, accounting for a 32% share of total exports. Moreover, polyurethanes exports to Russia exceeded the volume sent to the second major destination, Hungary (X tons), threefold. Ukraine (X tons) ranked third in terms of total exports with an 8.8% share.

From 2012 to 2021, the average annual growth rate of volume to Russia amounted to +25.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+14.0% per year) and Ukraine (+1.1% per year).

In value terms, the largest markets for polyurethanes exported from Poland were Russia ($X), Hungary ($X) and Germany ($X), together comprising 46% of total exports. These countries were followed by Ukraine, Belarus, the Czech Republic, Romania, Slovakia, Italy, Lithuania, the United States, South Africa and Belgium, which together accounted for a further 38%.

South Africa, with a CAGR of +86.0%, recorded 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

In 2021, the average polyurethanes export price amounted to $X per ton, with an increase of 23% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to South Africa ($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 the United States (+20.2%), while the prices for the other major destinations experienced more modest paces of growth.

Polyurethanes Imports

Imports into Poland

In 2021, purchases abroad of polyurethanes in primary forms increased by 9% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -9.5% against 2018 indices. The pace of growth was the most pronounced in 2015 with an increase of 17%. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, polyurethanes imports soared to $X in 2021. Overall, total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest polyurethanes supplier to Poland, with a 50% share of total imports. Moreover, polyurethanes imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X tons), fourfold. France (X tons) ranked third in terms of total imports with a 7.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled +7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+5.2% per year) and France (+10.5% per year).

In value terms, Germany ($X) constituted the largest supplier of polyurethanes in primary forms to Poland, comprising 47% of total imports. The second position in the ranking was held by Italy ($X), with a 14% share of total imports. It was followed by Belgium, with an 8.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled +7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+7.5% per year) and Belgium (+30.7% per year).

Import Prices by Country

In 2021, the average polyurethanes import price amounted to $X per ton, rising by 12% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2017 an increase of 18% against the previous year. The import price peaked in 2021 and is likely to see gradual growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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