Poland: Silicone Market 2024

Silicone Market Size in Poland

The Polish silicone market was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption saw strong growth. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Silicone Production in Poland

In value terms, silicone production surged to $X in 2021 estimated in export price. In general, production saw a buoyant expansion. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Silicone Exports

Exports from Poland

In 2021, approx. X tons of silicones (in primary forms) were exported from Poland; surging by 10% on the year before. In general, exports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2013 when exports increased by 62% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, silicone exports surged to $X in 2021. Overall, exports recorded prominent growth. The pace of growth appeared the most rapid in 2013 when exports increased by 75% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Germany (X tons), Russia (X tons) and Finland (X tons) were the main destinations of silicone exports from Poland, together comprising 46% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Finland (with a CAGR of +118.4%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Russia ($X) and France ($X) were the largest markets for silicone exported from Poland worldwide, together accounting for 46% of total exports. The Czech Republic, Ukraine, Estonia, Slovakia, Italy, Finland, Spain, Belarus, Romania and Austria lagged somewhat behind, together comprising a further 32%.

Estonia, with a CAGR of +62.1%, 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

In 2021, the average silicone export price amounted to $X per ton, rising by 16% against the previous year. Over the period under review, the export price, however, saw a mild setback. The pace of growth was the most pronounced in 2017 an increase of 39%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Finland ($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 Czech Republic (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.

Silicone Imports

Imports into Poland

In 2021, approx. X tons of silicones (in primary forms) were imported into Poland; with an increase of 14% compared with the previous year's figure. Overall, total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +6.4% 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 decreased by -3.9% against 2018 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 34%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, silicone imports surged to $X in 2021. In general, imports saw a buoyant expansion. The pace of growth was the most pronounced in 2018 with an increase of 54% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Germany (X tons) constituted the largest silicone supplier to Poland, accounting for a 44% share of total imports. Moreover, silicone imports from Germany exceeded the figures recorded by the second-largest supplier, France (X tons), threefold. The third position in this ranking was taken by Belgium (X tons), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at +7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+25.4% per year) and Belgium (+4.4% per year).

In value terms, Germany ($X) constituted the largest supplier of silicones (in primary forms) to Poland, comprising 46% of total imports. The second position in the ranking was held by France ($X), with an 11% share of total imports. It was followed by Belgium, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +9.6%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+33.0% per year) and Belgium (+6.2% per year).

Import Prices by Country

The average silicone import price stood at $X per ton in 2021, increasing by 8.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.1%. The pace of growth was the most pronounced in 2018 when the average import price increased by 27%. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for China ($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 (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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