Poland: Refined Cotton-Seed Oil Market 2024

Refined Cotton-Seed Oil Market Size in Poland

The Polish refined cotton-seed oil market declined modestly to $X in 2023, remaining relatively unchanged against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Refined cotton-seed oil consumption peaked at $X in 2020; however, from 2021 to 2023, consumption stood at a somewhat lower figure.

Refined Cotton-Seed Oil Production in Poland

In value terms, refined cotton-seed oil production reduced modestly to $X in 2023 estimated in export price. Overall, the total production indicated a perceptible increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Refined cotton-seed oil production peaked at $X in 2020; however, from 2021 to 2023, production failed to regain momentum.

Refined Cotton-Seed Oil Exports

Exports from Poland

Refined cotton-seed oil exports from Poland soared to X tons in 2023, jumping by X% against the previous year's figure. In general, exports showed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of X,342% against the previous year. As a result, the exports attained the peak of X tons. From 2022 to 2023, the growth of the exports failed to regain momentum.

In value terms, refined cotton-seed oil exports reduced markedly to $X in 2023. Overall, exports recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports attained the peak of $X. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Croatia (X tons) was the main destination for refined cotton-seed oil exports from Poland, accounting for a X% share of total exports. Moreover, refined cotton-seed oil exports to Croatia exceeded the volume sent to the second major destination, France (X tons), threefold. The third position in this ranking was held by Ireland (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Croatia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X.7% per year) and Ireland (X% per year).

In value terms, Croatia ($X) emerged as the key foreign market for refined cotton-seed oil exports from Poland, comprising X% of total exports. The second position in the ranking was taken by France ($X), with a X% share of total exports. It was followed by Ireland, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Croatia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Ireland (X% per year).

Export Prices by Country

In 2023, the average refined cotton-seed oil export price amounted to $X per ton, declining by X% against the previous year. Over the period under review, the export price faced a precipitous shrinkage. The pace of growth appeared the most rapid in 2020 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2021 to 2023, the average export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2023, amid the top suppliers, the countries with the highest prices were Ireland ($X per ton) and the Czech Republic ($X per ton), while the average price for exports to Croatia ($X per ton) and Bosnia and Herzegovina ($X per ton) were 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 a decline.

Refined Cotton-Seed Oil Imports

Imports into Poland

Refined cotton-seed oil imports into Poland skyrocketed to X tons in 2023, jumping by X% compared with the previous year. Overall, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, refined cotton-seed oil imports skyrocketed to $X in 2023. In general, imports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports failed to regain momentum.

Imports by Country

Germany (X tons), Italy (X tons) and Sweden (X tons) were the main suppliers of refined cotton-seed oil imports to Poland, with a combined X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for Germany (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest refined cotton-seed oil suppliers to Poland were Germany ($X), Italy ($X) and Sweden ($X), together accounting for X% of total imports.

Germany, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average refined cotton-seed oil import price amounted to $X per ton, waning by X% against the previous year. Over the period under review, the import price continues to indicate a pronounced downturn. The pace of growth was the most pronounced in 2022 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

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

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

Source: IndexBox Platform