Poland: Maize Oil Market 2024

Maize Oil Market Size in Poland

In 2022, the Polish maize oil market decreased by X% to $X, falling for the second consecutive year after three years of growth. In general, consumption, however, posted a strong expansion. Maize oil consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Maize Oil Production in Poland

In value terms, maize oil production rose remarkably to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2019 with an increase of X%. Maize oil production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Maize Oil Exports

Exports from Poland

In 2022, shipments abroad of maize oil decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The exports peaked at X tons in 2021, and then declined remarkably in the following year.

In value terms, maize oil exports soared to $X in 2022. Overall, exports, however, showed a significant increase. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

The Netherlands (X tons) was the main destination for maize oil exports from Poland, with a X% share of total exports. Moreover, maize oil exports to the Netherlands exceeded the volume sent to the second major destination, Germany (X tons), threefold. Estonia (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the Netherlands amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Estonia (X% per year).

In value terms, the Netherlands ($X) remains the key foreign market for maize oil exports from Poland, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with a X% share of total exports. It was followed by Austria, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the Netherlands amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Austria (X% per year).

Export Prices by Country

In 2022, the average maize oil export price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price, however, saw a abrupt decrease. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belarus ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (X%), while the prices for the other major destinations experienced mixed trend patterns.

Maize Oil Imports

Imports into Poland

After three years of growth, supplies from abroad of maize oil decreased by X% to X tons in 2022. Overall, imports, however, recorded a strong expansion. The pace of growth was the most pronounced in 2020 when imports increased by X%. Imports peaked at X tons in 2021, and then declined markedly in the following year.

In value terms, maize oil imports declined to $X in 2022. Over the period under review, imports, however, continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2021, and then dropped in the following year.

Imports by Country

In 2022, Hungary (X tons) constituted the largest maize oil supplier to Poland, with a X% share of total imports. Moreover, maize oil imports from Hungary exceeded the figures recorded by the second-largest supplier, Spain (X tons), sevenfold.

From 2012 to 2022, the average annual growth rate of volume from Hungary stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and Belgium (X% per year).

In value terms, Hungary ($X) constituted the largest supplier of maize oil to Poland, comprising X% of total imports. The second position in the ranking was taken by Spain ($X), with a X% share of total imports.

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

Import Prices by Country

In 2022, the average maize oil import price amounted to $X per ton, growing by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a somewhat 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 Spain ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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