Poland: Refined Maize Oil Market 2024

Refined Maize Oil Market Size in Poland

The Polish refined maize oil market contracted slightly to $X in 2021, leveling off at the previous year. Over the period under review, consumption saw a abrupt descent. Refined maize oil consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Refined Maize Oil Production in Poland

In value terms, refined maize oil production shrank slightly to $X in 2021 estimated in export price. Over the period under review, production showed a deep slump. The pace of growth was the most pronounced in 2014 when the production volume increased by 17%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Refined Maize Oil Exports

Exports from Poland

In 2021, shipments abroad of refined maize (corn) oil increased by 27% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports recorded a significant expansion. The growth pace was the most rapid in 2015 when exports increased by 1,074%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, refined maize oil exports skyrocketed to $X in 2021. Overall, exports showed a significant increase. The growth pace was the most rapid in 2015 when exports increased by 329% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the near future.

Exports by Country

Germany (X tons), the Netherlands (X tons) and Belarus (X tons) were the main destinations of refined maize oil exports from Poland, with a combined 100% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +251.7%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for refined maize oil exported from Poland were Germany ($X), the Netherlands ($X) and Belarus ($X), together comprising 99% of total exports.

Among the main countries of destination, Germany, with a CAGR of +214.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average refined maize oil export price stood at $X per ton in 2021, rising by 37% against the previous year. Over the period under review, the export price, however, continues to indicate a deep reduction. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belarus ($X per ton), while the average price for exports to the Netherlands ($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 Netherlands (+17.3%), while the prices for the other major destinations experienced a decline.

Refined Maize Oil Imports

Imports into Poland

In 2021, overseas purchases of refined maize (corn) oil decreased by -9.7% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, imports saw a perceptible curtailment. The most prominent rate of growth was recorded in 2019 when imports increased by 161% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, refined maize oil imports surged to $X in 2021. Overall, imports recorded a noticeable setback. The pace of growth appeared the most rapid in 2016 with an increase of 237%. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Belgium (X tons) constituted the largest supplier of refined maize oil to Poland, with a 68% share of total imports. Moreover, refined maize oil imports from Belgium exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. The third position in this ranking was taken by Spain (X tons), with a 3.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Belgium stood at -7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+22.7% per year) and Spain (+64.5% per year).

In value terms, the largest refined maize oil suppliers to Poland were Belgium ($X), the Netherlands ($X) and Spain ($X), with a combined 96% share of total imports.

In terms of the main suppliers, Spain, with a CAGR of +63.3%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average refined maize oil import price stood at $X per ton in 2021, with an increase of 59% against the previous year. In general, the import price enjoyed a slight expansion. The pace of growth was the most pronounced in 2016 when the average import price increased by 123%. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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