Poland: Refined Cotton-Seed Oil Market 2024

Refined Cotton-Seed Oil Market Size in Poland

The Polish refined cotton-seed oil market rose notably to $X in 2022, surging by 6.6% against the previous year. The market value increased at an average annual rate of +3.1% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Refined Cotton-Seed Oil Production in Poland

In value terms, refined cotton-seed oil production rose slightly to $X in 2022 estimated in export price. Overall, the total production indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -4.5% against 2020 indices. The growth pace was the most rapid in 2018 with an increase of 27% against the previous year. Refined cotton-seed oil production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Refined Cotton-Seed Oil Exports

Exports from Poland

Refined cotton-seed oil exports from Poland contracted notably to X tons in 2022, declining by -79.8% against the previous year's figure. Overall, exports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 2,294,530% against the previous year. As a result, the exports attained the peak of X tons, and then contracted markedly in the following year.

In value terms, refined cotton-seed oil exports declined significantly to $X in 2022. In general, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 207,647% against the previous year. As a result, the exports reached the peak of $X, and then dropped notably in the following year.

Exports by Country

The Czech Republic (X tons) was the main destination for refined cotton-seed oil exports from Poland, accounting for a 100% share of total exports. It was followed by France (X kg), with a 0.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Czech Republic stood at +12,270.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+19.0% per year) and Italy (0.0% per year).

In value terms, the Czech Republic ($X) remains the key foreign market for refined cotton-seed oil exports from Poland, comprising 99% of total exports. The second position in the ranking was held by France ($X), with a 0.4% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the Czech Republic totaled +3,376.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+33.5% per year) and Italy (0.0% per year).

Export Prices by Country

In 2022, the average refined cotton-seed oil export price amounted to $X per ton, standing approx. at the previous year. Over the period under review, the export price showed a abrupt decline. The growth pace was the most rapid in 2020 when the average export price increased by 979%. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+12.2%).

Refined Cotton-Seed Oil Imports

Imports into Poland

In 2022, supplies from abroad of refined cotton-seed oil decreased by -73% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, showed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 682%. As a result, imports attained the peak of X tons, and then fell rapidly in the following year.

In value terms, refined cotton-seed oil imports dropped remarkably to $X in 2022. In general, imports, however, saw buoyant growth. The growth pace was the most rapid in 2021 when imports increased by 611%. As a result, imports attained the peak of $X, and then dropped remarkably in the following year.

Imports by Country

In 2022, Italy (X tons) constituted the largest supplier of refined cotton-seed oil to Poland, with a 64% share of total imports. Moreover, refined cotton-seed oil imports from Italy exceeded the figures recorded by the second-largest supplier, France (X tons), fivefold. The third position in this ranking was held by Spain (X tons), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy stood at +103.3%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+18.8% per year) and Spain (+9.1% per year).

In value terms, Italy ($X) constituted the largest supplier of refined cotton-seed oil to Poland, comprising 67% of total imports. The second position in the ranking was taken by Spain ($X), with an 11% share of total imports. It was followed by France, with a 9% share.

From 2012 to 2022, the average annual growth rate of value from Italy amounted to +118.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+10.5% per year) and France (+3.8% per year).

Import Prices by Country

The average refined cotton-seed oil import price stood at $X per ton in 2022, with an increase of 37% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced curtailment. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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