Poland: Crude Groundnut Oil Market 2024

Crude Groundnut Oil Market Size in Poland

The Polish crude groundnut oil market stood at $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption, however, recorded a strong increase. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Crude Groundnut Oil Production in Poland

In value terms, crude groundnut oil production soared to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Crude Groundnut Oil Exports

Exports from Poland

Crude groundnut oil exports from Poland dropped rapidly to X kg in 2022, shrinking by X% compared with the previous year's figure. In general, exports showed a sharp setback. Over the period under review, the exports hit record highs at X kg in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, crude groundnut oil exports dropped dramatically to $X in 2022. Overall, exports showed a dramatic slump. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

The Czech Republic (X kg), Sweden (X kg) and the Netherlands (X kg) were the main destinations of crude groundnut oil exports from Poland, together comprising X% of total exports. Moreover, crude groundnut oil exports in the Czech Republic exceeded the figures recorded by the second-largest exporter, Sweden, twofold.

From 2018 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X) emerged as the key foreign market for crude groundnut oil exports from Poland, comprising X% of total exports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total exports. It was followed by Sweden, with a X% share.

From 2018 to 2022, the average annual growth rate of value to the Czech Republic stood at X.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Sweden (X% per year).

Export Prices by Country

The average crude groundnut oil export price stood at $X per ton in 2022, reducing by X% against the previous year. Over the period under review, the export price continues to indicate a deep setback. The export price peaked at $X per ton in 2021, and then fell rapidly in the following year.

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

From 2018 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (X.0%).

Crude Groundnut Oil Imports

Imports into Poland

In 2022, purchases abroad of crude groundnut oil decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, crude groundnut oil imports plummeted to $X in 2022. Over the period under review, imports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest crude groundnut oil supplier to Poland, with a X% share of total imports. Moreover, crude groundnut oil imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X kg), more than tenfold. The third position in this ranking was taken by Turkey (X kg), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Turkey (X% per year).

In value terms, Germany ($X) constituted the largest supplier of crude groundnut oil to Poland, comprising X% of total imports. The second position in the ranking was taken by Turkey ($X), with a X% share of total imports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and France (X% per year).

Import Prices by Country

In 2022, the average crude groundnut oil import price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the import price, however, continues to indicate a mild decline. The growth pace was the most rapid in 2019 an increase of X% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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