Poland: Market for Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified 2024

Market Size for Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified in Poland

For the third consecutive year, the Polish market for sunflower-seed or safflower oil, refined, but not chemically modified recorded growth in sales value, which increased by 14% to $X in 2021. In general, consumption, however, enjoyed a significant expansion. Consumption of peaked in 2021 and is expected to retain growth in the immediate term.

Production of Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified in Poland

In value terms, production of sunflower-seed or safflower oil, refined, but not chemically modified reduced markedly to $X in 2021 estimated in export price. In general, production, however, posted a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 81% against the previous year. Production of peaked at $X in 2020, and then dropped markedly in the following year.

Exports of Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified

Exports from Poland

After four years of growth, overseas shipments of sunflower-seed or safflower oil, refined, but not chemically modified decreased by -53.8% to X tons in 2021. Overall, exports, however, recorded a buoyant expansion. The growth pace was the most rapid in 2017 when exports increased by 220%. Over the period under review, the exports of hit record highs at X tons in 2020, and then plummeted in the following year.

In value terms, exports of sunflower-seed or safflower oil, refined, but not chemically modified fell rapidly to $X in 2021. Over the period under review, exports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2017 when exports increased by 179%. Over the period under review, the exports of attained the peak figure at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Belgium (X tons), the Netherlands (X tons) and Latvia (X tons) were the main destinations of exports of sunflower-seed or safflower oil, refined, but not chemically modified from Poland, together comprising 59% of total exports.

From 2012 to 2021, the biggest increases were in Belgium (with a CAGR of +309.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), the Netherlands ($X) and Latvia ($X) were the largest markets for sunflower-seed or safflower oil, refined, but not chemically modified exported from Poland worldwide, with a combined 58% share of total exports.

In terms of the main countries of destination, Belgium, with a CAGR of +292.0%, saw the highest rates of growth with regard to the value of exports, 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 sunflower-seed or safflower oil, refined, but not chemically modified stood at $X per ton in 2021, rising by 49% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major export markets. In 2021, the countries with the highest prices were Latvia ($X per ton) and Lithuania ($X per ton), while the average price for exports to Germany ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (-0.1%), while the prices for the other major destinations experienced a decline.

Imports of Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified

Imports into Poland

In 2021, after six years of growth, there was significant decline in overseas purchases of sunflower-seed or safflower oil, refined, but not chemically modified, when their volume decreased by -17.2% to X tons. In general, imports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2016 when imports increased by 100% against the previous year. Over the period under review, imports of reached the maximum at X tons in 2020, and then declined remarkably in the following year.

In value terms, imports of sunflower-seed or safflower oil, refined, but not chemically modified skyrocketed to $X in 2021. Overall, imports, however, showed a significant expansion. The pace of growth was the most pronounced in 2016 with an increase of 107%. Imports peaked in 2021 and are likely to continue growth in the immediate term.

Imports by Country

Ukraine (X tons), the Czech Republic (X tons) and Hungary (X tons) were the main suppliers of imports of sunflower-seed or safflower oil, refined, but not chemically modified to Poland, with a combined 77% share of total imports. These countries were followed by Germany, Austria, Belgium, Romania and the Netherlands, which together accounted for a further 18%.

From 2012 to 2021, the biggest increases were in Romania (with a CAGR of +48.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest sunflower-seed or safflower oil, refined, but not chemically modified suppliers to Poland were the Czech Republic ($X), Ukraine ($X) and Hungary ($X), with a combined 75% share of total imports. Germany, Belgium, Austria, Romania and the Netherlands lagged somewhat behind, together accounting for a further 19%.

Among the main suppliers, Romania, with a CAGR of +49.0%, saw the highest rates of growth with regard to 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

The average import price for sunflower-seed or safflower oil, refined, but not chemically modified stood at $X per ton in 2021, rising by 45% against the previous year. Overall, the import price showed a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the Netherlands ($X per ton), while the price for Austria ($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 (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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