Poland: Soybean Oil Market 2020

Soybean Oil Market Size in Poland

The revenue of the soybean oil market in Poland amounted to $X in 2017, surging by X% against the previous year. In general, the total market indicated a pronounced growth from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the soybean oil consumption increased by +X% against 2015 indices. The pace of growth appeared the most rapid in 2008, with an increase of X% against the previous year. In that year, the soybean oil market reached their peak level of $X. From 2009 to 2017, growth of the soybean oil market failed to regain its momentum.

Soybean Oil Production in Poland

In 2017, the amount of soya-bean oil produced in Poland stood at X tons, going up by X% against the previous year. Overall, soybean oil production continues to indicate a remarkable increase. The pace of growth was the most pronounced in 2013, when it surged by X% y-o-y. In that year, the soybean oil production reached their peak volume of X tons. From 2014 to 2017, growth of the soybean oil production failed to regain its momentum.

Soybean Oil Exports from Poland

In 2017, approx. X tons of soya-bean oil were exported from Poland; rising by X% against the previous year. Overall, soybean oil exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011, when exports increased by X% against the previous year. Poland exports peaked of X tons in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

In value terms, soybean oil exports stood at $X in 2017. Overall, soybean oil exports continue to indicate a deep drop. Over the period under review, the soybean oil exports reached its peak figure level of $X in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

Soybean Oil Exports by Country from Poland

Argentina was the largest exporter of soya-bean oil in the world, with the volume of exports recording X tons, which was approx. X% of total exports in 2017. Brazil (X tons) held a X% share (based on tons) of total exports, which put it in second place, followed by the U.S. (X%), Russia (X%) and the Netherlands (X%). The following exporters - Spain (X tons), Bolivia (X tons), Germany (X tons), Canada (X tons) and Ukraine (X tons) together made up X% of total exports.

Exports from Argentina decreased at an average annual rate of -X% from 2007 to 2017. At the same time, Ukraine (+X%), Canada (+X%), Russia (+X%), Spain (+X%), Bolivia (+X%), Germany (+X%) and the U.S. (+X%) displayed positive paces of growth. Moreover, Ukraine emerged as the fastest growing exporter in the world, with a CAGR of +X% from 2007-2017. The Netherlands experienced a relatively flat trend pattern. By contrast, Brazil (-X%) illustrated a downward trend over the same period. While the share of Argentina (X%) and Brazil (X%) increased significantly in terms of the global exports from 2007-2017, the share of Canada (-X%), the U.S. (-X%) and Russia (-X%) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Argentina ($X) remains the largest soybean oil supplier from Poland, making up X% of global exports. The second position in the ranking was occupied by Brazil ($X), with a X% share of global exports. It was followed by the U.S., with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in Argentina totaled -X%. In the other countries, the average annual rates were as follows: Brazil (-X% per year) and the U.S. (+X% per year).

Soybean Oil Export Prices by Country in Poland

In 2017, the soybean oil export price in Poland amounted to $X per ton, going down by -X% against the previous year. Overall, soybean oil export price continues to indicate a drastic setback. The pace of growth appeared the most rapid in 2011, an increase of X% against the previous year. Over the period under review, the export prices for soya-bean oil attained its peak figure level of $X per ton in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Average export prices varied noticeably amongst the major exporting countries. In 2017, major exporting countries recorded the following export prices: in Germany ($X per ton) and Spain ($X per ton), while Bolivia ($X per ton) and Argentina ($X per ton) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Argentina (+X% per year), while the other leaders experienced more modest paces of growth.

Soybean Oil Imports into Poland

In 2017, the amount of soya-bean oil imported into Poland amounted to X tons, surging by X% against the previous year. In general, the total imports indicated a notable growth from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the soybean oil imports increased by +X% against 2013 indices. The pace of growth appeared the most rapid in 2014, when it surged by X% y-o-y. Poland imports peaked in 2017, and are likely to continue its growth in the immediate term.

In value terms, soybean oil imports stood at $X in 2017. In general, the total imports indicated a significant growth from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the soybean oil imports increased by +X% against 2013 indices. In that year, the soybean oil imports attained their peak level of $X. From 2009 to 2017, growth of the soybean oil imports stood at a somewhat lower level.

Soybean Oil Imports by Country into Poland

In 2017, India (X tons), distantly followed by Iran (X tons), Bangladesh (X tons), Algeria (X tons) and China (X tons) represented the major importers of soya-bean oil, together committing X% of total imports. Venezuela (X tons), Morocco (X tons), Peru (X tons), South Korea (X tons), Colombia (X tons) and Mexico (X tons) held the minor share of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Iran (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest soybean oil markets worldwide were India ($X), Iran ($X) and Bangladesh ($X), together comprising X% of total imports.

Iran (+X% per year) recorded the highest rates of growth with regard to imports, in terms of the main importing countries over the last decade, while the other leaders experienced more modest paces of growth.

Soybean Oil Import Prices by Country in Poland

The soybean oil import price in Poland stood at $X per ton in 2017, shrinking by -X% against the previous year. In general, soybean oil import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008, an increase of X% year-to-year. In that year, the import prices for soya-bean oil reached their peak level of $X per ton. From 2009 to 2017, growth of the import prices for soya-bean oil stood at a somewhat lower level.

Import prices varied noticeably by the country of destination; the country with the highest import price was Venezuela ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Venezuela (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform