Poland: Olive Oil Market 2024

Olive Oil Market Size in Poland

In 2022, the Polish olive oil market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption, however, showed a resilient expansion. As a result, consumption reached the peak level of $X, and then fell significantly in the following year.

Olive Oil Production in Poland

In value terms, olive oil production declined markedly to $X in 2022 estimated in export price. Overall, production, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2019 with an increase of X,376,100%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Olive Oil Exports

Exports from Poland

In 2022, approx. X tons of olive oil and its fractions were exported from Poland; increasing by X% on 2021 figures. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, olive oil exports expanded remarkably to $X in 2022. In general, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by X%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Russia (X tons) was the main destination for olive oil exports from Poland, with a X% share of total exports. Moreover, olive oil exports to Russia exceeded the volume sent to the second major destination, Ukraine (X tons), fourfold. Germany (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 Russia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (X% per year) and Germany (X% per year).

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

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

Export Prices by Country

In 2022, the average olive oil export price amounted to $X per ton, falling by X% against the previous year. Over the period under review, export price indicated a notable 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, olive oil export price increased by X% against 2020 indices. The growth pace was the most rapid in 2017 an increase of X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

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 ($X per ton), while the average price for exports to Ukraine ($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 Ukraine (X%), while the prices for the other major destinations experienced more modest paces of growth.

Olive Oil Imports

Imports into Poland

After two years of growth, supplies from abroad of olive oil and its fractions decreased by X% to X tons in 2022. Over the period under review, imports, however, posted moderate growth. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2021, and then dropped slightly in the following year.

In value terms, olive oil imports dropped to $X in 2022. In general, imports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Imports peaked at $X in 2021, and then contracted in the following year.

Imports by Country

Italy (X tons), Spain (X tons) and Germany (X tons) were the main suppliers of olive oil imports to Poland, with a combined X% share of total imports. Greece and the Czech Republic lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Spain ($X) and Germany ($X) were the largest olive oil suppliers to Poland, with a combined X% share of total imports. Greece and the Czech Republic lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, the Czech Republic, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average olive oil import price amounted to $X per ton, waning by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2013 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Germany ($X per ton) and Greece ($X per ton), while the price for Spain ($X per ton) and the Czech Republic ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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