Poland: Palm Kernel Oil Market 2024

Palm Kernel Oil Market Size in Poland

The Polish palm kernel oil market skyrocketed to $X in 2022, with an increase of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption enjoyed a resilient increase. Palm kernel oil consumption peaked in 2022 and is likely to see steady growth in the near future.

Palm Kernel Oil Exports

Exports from Poland

In 2022, after two years of growth, there was significant decline in shipments abroad of palm kernel and babassu oil, when their volume decreased by X% to X tons. In general, exports, however, posted prominent growth. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the exports attained the peak of X tons, and then shrank dramatically in the following year.

In value terms, palm kernel oil exports fell sharply to $X in 2022. Overall, exports, however, showed a prominent increase. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then declined dramatically in the following year.

Exports by Country

The Netherlands (X tons), France (X tons) and Lithuania (X tons) were the main destinations of palm kernel oil exports from Poland, with a combined X% share of total exports. Slovakia, Latvia, Bulgaria, Germany and Austria lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Bulgaria (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Lithuania ($X) and France ($X) constituted the largest markets for palm kernel oil exported from Poland worldwide, with a combined X% share of total exports. Slovakia, Latvia, Germany, Bulgaria and Austria lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Bulgaria, with a CAGR of X%, recorded the highest growth rate of 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

In 2022, the average palm kernel oil export price amounted to $X per ton, increasing by X% against the previous year. In general, the export price showed a remarkable increase. The pace of growth was the most pronounced in 2016 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to France ($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 Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Palm Kernel Oil Imports

Imports into Poland

Palm kernel oil imports into Poland surged to X tons in 2022, with an increase of X% compared with the previous year. Over the period under review, imports showed a prominent increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, palm kernel oil imports surged to $X in 2022. Overall, imports saw a prominent expansion. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Germany (X tons) constituted the largest palm kernel oil supplier to Poland, with a X% share of total imports. Moreover, palm kernel oil imports from Germany exceeded the figures recorded by the second-largest supplier, Sweden (X tons), threefold. The third position in this ranking was held by the Netherlands (X tons), with a X% share.

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

In value terms, Germany ($X) constituted the largest supplier of palm kernel and babassu oil to Poland, comprising X% of total imports. The second position in the ranking was taken by Sweden ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

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

Import Prices by Country

In 2022, the average palm kernel oil import price amounted to $X per ton, picking up by X% against the previous year. In general, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, palm kernel oil import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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