Poland: Market for Petroleum Lubricating Oil And Grease 2024

Market Size for Petroleum Lubricating Oil And Grease in Poland

The Polish market for petroleum lubricating oil and grease skyrocketed to $X in 2023, growing by X% against the previous year. In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Production of Petroleum Lubricating Oil And Grease in Poland

In value terms, petroleum lubricating oil and grease production stood at $X in 2023 estimated in export price. Overall, production, however, showed a mild setback. The pace of growth appeared the most rapid in 2013 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2023, production growth remained at a lower figure.

Exports of Petroleum Lubricating Oil And Grease

Exports from Poland

In 2023, overseas shipments of petroleum lubricating oil and grease increased by X% to X tons, rising for the second year in a row after three years of decline. Over the period under review, exports, however, saw a noticeable curtailment. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

In value terms, petroleum lubricating oil and grease exports surged to $X in 2023. In general, exports showed a tangible expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

The Czech Republic (X tons), Germany (X tons) and Belarus (X tons) were the main destinations of petroleum lubricating oil and grease exports from Poland, together accounting for X% of total exports. Ukraine, Lithuania, Latvia, Slovakia, Austria, Kyrgyzstan, France, Romania, Finland and Hungary lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kyrgyzstan (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Czech Republic ($X) and Belarus ($X) constituted the largest markets for petroleum lubricating oil and grease exported from Poland worldwide, together accounting for X% of total exports. Ukraine, Slovakia, Lithuania, Austria, Romania, Kyrgyzstan, France, Hungary, Latvia and Finland lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Kyrgyzstan, 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

The average export price for petroleum lubricating oil and grease stood at $X per ton in 2023, declining by X% against the previous year. Overall, the export price, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2022, and then fell sharply in the following year.

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

From 2012 to 2023, 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.

Imports of Petroleum Lubricating Oil And Grease

Imports into Poland

In 2023, purchases abroad of petroleum lubricating oil and grease decreased by X% to X tons, falling for the fifth year in a row after three years of growth. In general, imports, however, recorded a slight expansion. The growth pace was the most rapid in 2013 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2023, imports stood at a somewhat lower figure.

In value terms, petroleum lubricating oil and grease imports shrank markedly to $X in 2023. Over the period under review, imports, however, posted a temperate expansion. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Germany (X tons) constituted the largest supplier of petroleum lubricating oil and grease to Poland, accounting for a X% share of total imports. Moreover, petroleum lubricating oil and grease imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold. Belgium (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate of volume from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Belgium (X% per year).

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

From 2012 to 2023, the average annual growth rate of value from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and France (X% per year).

Import Prices by Country

In 2023, the average import price for petroleum lubricating oil and grease amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, import price indicated a notable increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, petroleum lubricating oil and grease import price increased by X% against 2015 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Switzerland ($X per ton), while the price for Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform