Poland: Petroleum Bitumen Market 2024

Petroleum Bitumen Market Size in Poland

In 2022, the Polish petroleum bitumen market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption, however, showed a pronounced downturn. Petroleum bitumen consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Petroleum Bitumen Production in Poland

In value terms, petroleum bitumen production contracted to $X in 2022 estimated in export price. Over the period under review, production, however, saw a deep contraction. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Petroleum Bitumen Exports

Exports from Poland

In 2022, shipments abroad of petroleum bitumen decreased by X% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports showed a pronounced reduction. The pace of growth appeared the most rapid in 2019 when exports increased by X%. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, petroleum bitumen exports declined to $X in 2022. Overall, exports continue to indicate a perceptible setback. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Ukraine (X tons), Romania (X tons) and the Czech Republic (X tons) were the main destinations of petroleum bitumen exports from Poland, together comprising X% of total exports. Slovakia, Lithuania, Germany, Latvia, Sweden, Hungary, Finland, Estonia and Denmark lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest markets for petroleum bitumen exported from Poland were Ukraine ($X), Romania ($X) and the Czech Republic ($X), with a combined X% share of total exports. Lithuania, Slovakia, Germany, Sweden, Latvia, Hungary, Estonia, Finland and Denmark lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Denmark, with a CAGR of X%, saw 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 petroleum bitumen export price amounted to $X per ton, increasing by X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Estonia ($X per ton) and Sweden ($X per ton), while the average price for exports to Ukraine ($X per ton) and Finland ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (X%), while the prices for the other major destinations experienced more modest paces of growth.

Petroleum Bitumen Imports

Imports into Poland

Petroleum bitumen imports into Poland skyrocketed to X tons in 2022, growing by X% on the year before. In general, imports, however, saw a perceptible downturn. The pace of growth appeared the most rapid in 2014 when imports increased by X%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, petroleum bitumen imports soared to $X in 2022. Overall, imports, however, recorded a noticeable reduction. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of petroleum bitumen to Poland, with a X% share of total imports. Moreover, petroleum bitumen imports from Germany exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tons), fourfold. The third position in this ranking was held by Hungary (X tons), with an X% share.

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

In value terms, Germany ($X) constituted the largest supplier of petroleum bitumen to Poland, comprising X% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a X% share of total imports. It was followed by Hungary, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (X% per year) and Hungary (X% per year).

Import Prices by Country

In 2022, the average petroleum bitumen import price amounted to $X per ton, rising by X% against the previous year. Overall, the import price, however, saw a slight downturn. The growth pace was the most rapid in 2021 when the average import price increased by X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the Czech Republic ($X per ton) and Sweden ($X per ton), while the price for Hungary ($X per ton) and Germany ($X per ton) were 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 a decline.

Source: IndexBox Platform

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